Airborne LiDAR Market Competition Heats Up: Top Players and Strategies in Focus

Global Airborne LiDAR Market to Reach $1,010.5 Million by 2025

WILMINGTON, DE, UNITED STATES, December 13, 2024 /EINPresswire.com/ -- The current business scenario has witnessed an upsurge in the adoption of airborne LiDAR owing to low-cost, drone-based imaging. Further, innovations in laser technology help to bring price corrections in different airborne LiDAR products. Various government agencies and commercial users are on a constant lookout for ways to replace traditional aerial photography methods with drones, due to high-resolution images at a low cost. With the collective effect of these factors and extensive R&D, the global airborne LiDAR market is anticipated to witness growth in the next 6 years.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/5130

Allied Market Research, titled, "Airborne LiDAR Market by Component, Application and End User: Global Opportunity Analysis and Industry Forecast, 2017 - 2025," the global airborne LiDAR market was valued at $316.2 million in 2017 and is projected to reach $1010.5 million by 2025, growing at a CAGR of 16.4% from 2018 to 2025.

Advancements in laser technology and aerial vehicles have reduced the cost of airborne LiDAR systems. Furthermore, the increase in airborne LiDAR applications in various industries, apart from conventional military applications, has accelerated the demand for airborne LiDAR globally. Moreover, the reduction in the price of drones, expansion of applications in defense & civil engineering, and rise in demand for 3D imaging are projected to supplement the market growth. Fueled by the high demand for accurate and high-resolution 3D images of the tracked object, these aerial vehicles are most widely used in defense & aerospace, civil engineering, forestry & agriculture, transportation & logistics among other domains.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/5130

Among the various industries, the defense & aerospace segment contributed the highest revenue share, of the overall market revenue. This segment is expected to maintain its dominant position throughout the forecast period. However, the mining industry sector is expected to grow at the highest rate during the forecast period.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐢𝐫𝐛𝐨𝐫𝐧𝐞 𝐋𝐢𝐃𝐀𝐑 𝐌𝐚𝐫𝐤𝐞𝐭:

- In 2017, the lasers segment led the overall airborne LiDAR market revenue globally and is projected to grow at a CAGR of 15.4% during the forecast period.
- The micro-electro-mechanical system is expected to witness the highest CAGR of 20.8%.

Among the various industries, aerospace & defense contributed the highest revenue share, accounting for around 31.8% share of the overall market revenue.
The major players profiled in this report include Teledyne Technologies, Saab Group, Airborne Imaging, Leica Geosystems, Faro Technologies, Inc., Flir Systems, Inc., RIEGL Laser Measurement Systems GmbH, Merrick & C.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/5130

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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