In combination with simultaneously acquiring aerial imagery and data points, airborne LiDAR is an extremely comprehensive system which provides a wide range of applications. Further, recent innovations in the airborne LiDAR system, enable it to reach a larger segment of consumers, across the globe. According to the market intelligence report by BIS Research titled, ‘Global Airborne LiDAR System Market-Analysis and Forecasts (2017-2021),’ the market accounted a revenue of $732.4 million in 2016 and is expected to generate the highest revenue by the year 2021. This significant growth is attributed to the high demands for the airborne imaging system, the superiority of LiDARs as compared to conventional sensors, and the rise in the demands for Micro-Elector Mechanical Systems (MEMS) sensors. Further, in the forthcoming period, the market for the LiDARs would be full of opportunities owing to the utilization of LiDARs for rail data capture, emerging applications of LiDAR sensors, and innovations in LiDARs technology.
Advanced airborne mapping technologies, combined with LiDARs are replacing traditional methods of controlling and monitoring in ground mapping services. The market for airborne LiDAR system is filled with advancement in the system for ground navigation and traffic management. At present, the airborne mapping system is currently witnessing rapid growth in the deployment of airborne LiDAR system for earth science and forestry applications. The focus of the airborne LiDARs system is to make the services and systems more affordable as well as accessible to wide range of end users.
On the global level, prominent companies in the market are explicitly designing airborne LiDAR system for small drones, which are lightweight and cost-efficient. Further, there is an increase in the number of manufacturers in the market owing to the reliability, precise, and outstanding outputs of airborne LiDARs system equipped with UAV aerial mapping systems. The data acquired through airborne LiDAR system can be utilized to set the national guidelines and standards in different domain due to its reliability and precision. Moreover, the high price of LiDARs and intricate design and development of LiDARs act as the primary challenges for the growth of the market.
UAV platform accounted the highest share in the overall airborne LiDAR market, followed by aircraft and satellite. The significant share of UAVs is owing to the maximum number of airborne LiDAR system being deployed in drones for commercial end-users, along with the increased number of emerging start-ups in the UAV market. Geographically, North America is leading the market for airborne LiDARs owing to the deployment of a large number of airborne LiDARs in the region. Further, Europe is expected to witness the highest growth rate during the forecast period due to the enormous investments by the leading market player in the region.
BIS Research has conducted extensive research on the global airborne LiDAR system market and compiled the observation and insight in this report. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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