Airborne LiDAR Market projected to have high growth in coming years

The global airborne LiDAR market was valued at USD 971.8 Million in 2016, and is expected to reach USD 2,533.7 Million by 2022 at a CAGR of 17.32% from 2017 to 2022.

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Objectives of the Study

• To define, estimate, segment, and forecast the airborne LiDAR market on the basis of solution, type, and platform
• To forecast the market size of segments with respect to various regions such as North America, Europe, Asia Pacific, and Rest of the World (RoW)
• To identify, analyze, describe, and evaluate key drivers, restraints, opportunities, and challenges impacting the growth of the airborne LiDAR market
• To identify industry trends, market trends, and technology trends currently prevailing in the Airborne LiDAR market
• To provide company profiles of key companies in the airborne LiDAR market based on their product portfolios, market shares, financial positions, and key growth strategies
• To anticipate the degree of competition in the market by identifying key market players
• To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
• To track and analyze competitive developments such as contracts, agreements, acquisitions, collaborations, partnerships & joint ventures, and new product launches by key players in the airborne LiDAR market

North America is estimated to account for the largest share of the airborne LiDAR market. Countries considered for the market analysis in this region are the US and Canada. The US is the leading market for Airborne LiDAR in North America. The increasing use of LiDAR systems in mapping and surveying applications and an increasing base of LiDAR services providers are driving the growth of the airborne LiDAR market in the US. The major application areas of LiDAR sensors in the US include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are majorly used in infrastructural development activities.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of a few leading players in the Airborne LiDAR market, namely, Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others. Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

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