✷ Report Code: A01427 | Pages: 95 | ||
Tables: 43 | Charts: 71 |
|
The U.S. airborne LiDAR market size was valued at $211.7 million in 2020, and is projected to reach $1,031.3 million by 2030, growing at a CAGR of 17.70% from 2021 to 2030. The Airborne Light Detection and Ranging (LiDAR) system is a mapping technique that uses a laser beam to detect the geographical location of terrestrial objects and their properties with high precision using onboard GPS and Inertial Measurement Unit (IMU) sensors. Airborne LiDAR is generally installed on an aircraft, helicopter or drone for collecting data.Â
The transportation & logistics segment has been negatively impacted by the COVID-19 pandemic outbreak.
It is suitable for a wide range of environmental monitoring, terrain modelling, traditional aerial survey, and infrastructure development projects. For surveying the ground through forested areas, uses of airborne LiDAR is the most appropriate method. Also, ground and sub-canopy areas, which are difficult to interpret in ground surveying situations can be captured easily using airborne LiDAR penetrating laser pulses. In addition, components such as airborne lidar sensors are widely used in aerial lidar systems to create 3D topographical aerial maps.
Growth of the U.S. airborne LiDAR market is anticipated to be driven by factors, such as growth in the defense & aerospace industry and technological advancements in forestry & agriculture applications. Also, growing adoption of LiDAR in engineering and construction applications fuel the growth of the market. However, lack of awareness among end users acts as a major restraint for the U.S. airborne LiDAR market. On the contrary, increasing uses of GIS (Geographic Information System) systems is expected to create lucrative opportunities for the U.S. airborne LiDAR industry.
The U.S. airborne LiDAR market is segmented on the basis of component, application, and end user. By component, the market is classified into lasers, inertial navigation systems, cameras, GPS/GNSS receivers, microelectromechanical systems, and others. On the basis of application, market is divided into corridor mapping, seismology, exploration and detection, and others. Depending on end user, it is categorized into aerospace and defense, civil engineering, forestry and agriculture, transportation and logistics, archaeology, and mining industry.Â
Leading U.S. airborne LiDAR industry manufacturers such as Saab, 3D Laser Mapping (GeoSLAM), and Raymetrics S.A. are focusing on their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications. Â
The prominent factors that impact the U.S. airborne LiDAR market growth include, surge in LiDAR applications in defense and civil engineering, falling price of drones, rise in need for aerial LiDAR, and increase in number of drones in the U.S. However, regulations by FAA (Federal Aviation Administration) for commercial usage of drones restricts the U.S. airborne LiDAR market growth. On the contrary, increase in demand for LiDAR in forestry & agriculture, and growing need of LiDAR-captured data in newer applications are expected to create lucrative opportunities for the market.
Competitive analysis and profiles of the major U.S. airborne LiDAR market players such as, 3D Laser Mapping (GeoSLAM), Faro Technologies Inc., Firmatek LLC, Leica Geosystems Inc. (Hexagon), Leosphere SaS (Vaisala), Raymetrics S.A., RIEGL Laser Measurement Systems GmbH, Saab, SAM LLC, and Teledyne Technologies have been covered in the report.
The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and remain closed in 2021. Furthermore, partial or complete lockdown has disrupted U.S. supply chain posing challenges for manufacturers to reach customers.
The COVID-19 pandemic impacted the society and the overall economy across the globe. The impact of this outbreak grows day-by-day as well as affects the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increasing panic among the customer segments.
North American countries under lockdowns suffered major loss of business and revenue due to shutdown of manufacturing units. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted the growth of the market.
In addition, the COVID-19 pandemic impacted the electronics sector, as production facilities stalled, which, in turn, boosted the demand for electronics and semiconductor products in the industries. Its major impact includes large manufacturing interruption across Europe and interruption in Asian parts exports, which may hinder the U.S. airborne LiDAR market opportunity. It is expected that the demand for new and innovative products could surge once the economy begins to recover. Companies are looking forward to invest in next-generation products using new technologies, as it is expected to boost its goodwill, once customer demand surges.
Key Benefits For Stakeholders
U.S. Airborne LiDAR Market Report Highlights
Aspects | Details |
---|---|
By Component |
|
By Application |
|
By End User |
|
By KEY PLAYERS |
|
Other players in the value chain include | FLIR Systems, Inc., EHang, Inc., 3D Robotics, Inc., Trimble Navigation, Merrick & Company, Surveying and Mapping, LLC, s Inc.CyPhy Work |
Loading Table Of Content...
The U.S. airborne LiDAR market is flourishing at a rapid pace. However, strict regulation by FAA (Federal Aviation Administration) for commercial usage of drones is still a concern for new entrants. Also, market players are generously investing in R&D activities to reduce the overall cost of airborne LiDAR products. In addition, according to industry experts, it is essential to optimize affordable prices for airborne LiDAR products for a long-term growth.
Growth of the U.S. airborne LiDAR market is anticipated to be driven by factors such as growth in defense & aerospace industry and technological advancements in forestry & agriculture applications. Also, growing adoption of LiDAR in engineering and construction applications fuels the U.S. airborne LiDAR market growth. However, lack of awareness among end users acts as a major restraint for the U.S. airborne LiDAR market. On the contrary, increasing uses of GIS (Geographic Information System) systems is expected to create lucrative opportunities for the U.S. airborne LiDAR industry.
Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Partnership, acquisition, and product launches are expected to be the prominent strategies adopted by the market players.
Corridor mapping accounted for a major share of the market in 2020, owing to its usage in river corridor planning, highway & railway route analysis, infrastructure asset management, and others. However, forestry and agriculture segment is expected to grow at the highest CAGR, owing to rise in adoption in topographic relief maps, slope calculations, modelling of transmission & reception, and GPS elevation substitution.
A. The U.S. Airborne LiDAR Market is estimated to grow at a CAGR of17.70% from 2021 to 2030.
A. The U.S. Airborne LiDAR Market is projected to reach $1,031.3 million by 2030.
A. To get the latest version of sample report
A. Factors such as surge in LiDAR applications in defense and civil engineering, falling price of drones, rise in need for aerial LiDAR, and increase in number of drones in the U.S drives the growth of the U.S. Airborne LiDAR market
A. The key players profiled in the report include 3D Laser Mapping (GeoSLAM), Faro Technologies Inc., Firmatek LLC, Leica Geosystems Inc. (Hexagon), Leosphere SaS (Vaisala), Raymetrics S.A., RIEGL Laser Measurement Systems GmbH, Saab, SAM LLC, and Teledyne Technologies, and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The U.S. Airborne LiDAR Market is segmented on the basis of component, application, and end user.
A. The key growth strategies of U.S. Airborne LiDAR market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Subsegments of application are corridor mapping, seismology, exploration and detection.
A. GPS/GNSS Receivers segment will grow at a highest CAGR of 24.60% during 2021 - 2030.
Start reading instantly.
This Report and over 71,297+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers