In a recent published report, Kenneth Research has updated the market report for Airborne LiDAR Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Airborne LiDAR Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Airborne LiDAR Market is estimated to reach $6,273.9 Million by 2025; growing at a CAGR of 21.4% from 2017 to 2025. LiDAR, which stands for Light Detection and Ranging, is a remote sensing technology, which uses light in the form of pulsed laser to measure various targets. A LiDAR can generate pulses of laser light to a surface and may go up to 150,000 pulses per second and airborne LiDAR instrument uses a laser scanner with up to 400,000 pulses of light per second. An airborne LiDAR is able to cover large areas of land safely and accurately in a matter of minutes.
The global airborne LiDAR market is mainly driven by rising demand for 3D imaging, rising use of UAVs in numerous Type industries, and reduction in price of drones. Moreover, enormous prospects in GIS applications are likely to provide several growth opportunities for the market in the forecast period. However, lack of skilled personals and high cost of the instrument may hinder the growth of the market.
Solution, platform, type, and geography are the bifurcations of the airborne LiDAR market. The solution segment is sub-segmented into system component (hardware and software), industry services (defense & aerospace, forestry & agriculture, oil & gas, transportation & logistics, infrastructure, mining industry, and others). On the basis of platform the segmentation is given as fixed wing aircraft (system, and services), rotary wing aircraft (system, and services), and UAVs (system, and services). Furthermore, type segment comprises airborne topographic LiDAR (system, and services), and airborne bathymetric LiDAR (system, and services).
On the basis of geography, global airborne LiDAR market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key players operating in the market include Saab AB, Leica Geosystems AG, Teledyne Technologies Incorporated, and FLIR Systems, Inc., Faro Technologies Inc., Leosphere SaS, 3D Laser Mapping Inc., Firmatek LLC, Quanergy Systems, Inc., and Raymetrics S.A., among others.
The key takeaways from the report
The report will provide detailed analysis of Global Airborne LiDAR Market with respect to major segments such as solution, platform, type, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Airborne LiDAR Market has been included in the report
Profile of the key players in the Global Airborne LiDAR Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Airborne LiDAR Market
Solution Segments
System Component
Hardwarre
Lasers
Scanner
Ranging Devices
Interface Devices
GPS/Position System
Inertial Measurement Systems
Software
Industry Services
Defense & Aerospace
Forestry & Agriculture
Oil & Gas
Transportation & Logistics
Infrastructure
Mining Industry
Others
Platform Segments
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Fixed Wing Aircraft
System
Services
Rotary Wing Aircraft
System
Services
UAVs
System
Services
Type Segments
Airborne Topographic LiDAR
System
Services
Airborne Bathymetric LiDAR
System
Services
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Airborne LiDAR Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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