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2021
Lidar Sensor For Environmental Market

LiDAR Sensor For Environmental Market

By Technology (2D LiDAR, 3D LiDAR, and 4D LiDAR), Installation Type (Airborne LiDAR and Ground-Based LiDAR), Service (Aerial Surveying and Ground-Based Surveying), and Application (Forest Management, Coastline Management, Air Pollution, Water Pollution, Agriculture, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

Report Code: A11087
Pages: 265
Apr 2021 | 2774 Views
Author(s) : Shantanu S , Vineet K
Tables: 151
Charts: 79
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COVID-19

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LiDAR Sensor For Environmental Market Outlook – 2027 

The global LiDAR sensor for environmental market size was valued at $249.3 million in 2019, and is projected to reach $653.8 million by 2027, to register a CAGR of 15.1% from 2020 to 2027. LiDAR sensor system is an emerging technology that helps to capture high-definition 3D data of geospatial surfaces. Innovations in laser technology help to bring price corrections in LiDAR products. Changes in demands and preferences of urban population unveil newer environmental LiDAR applications apart from conventional military applications. Sophistication of 3D imaging technology leads to increase in corridor mapping activities by LiDAR systems. 

LiDAR Sensor For Environmental Market

Improvements in automated processing ability of LiDAR systems, in terms of image resolution, and prompt data processing capability over other technologies are the major factors that drive growth of the global LiDAR sensor for environmental market. Other factors that supplement growth of the LiDAR sensor for environmental market include rise in demand for 3D imaging technology across various application areas and increase in adoption of aerial LiDAR systems to explore and detect places and historic details. 

LiDAR Sensor For Environmental Market
By Technology

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2D LiDAR segment will dominate the market throughout the forecast period

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The 2D LiDAR segment was the largest revenue contributor in 2019, and is expected to grow at a CAGR of 14.8%from 2020 to 2027. This is attributed to rise in demand for field monitoring applications. Such monitoring applications are crucial for generating information about quality of environment, to analyze whether it is worsening, improving, or staying the same. By installation type, ground based LiDAR is the leading largest contributor of revenue in 2019 and is expected to grow at a CAGR of 14.7% from 2020 to 2027. This is attributed to growth in need to acquire high resolution data and stability and less monetary investments for the platform. In addition, improved urban planning on grounds of concept such as expanding urban population and emerging smart cities around the globe drives the market demand.

LiDAR Sensor For Environmental Market
By Installation Type

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Ground Based LiDAR segment will generate the highest revenue during 2020 - 2027

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Segment Overview

The global LiDAR sensor for environmental market is segmented on the basis of technology, installation type, service, application, and region. On the basis of technology, the market is divided into 2D LiDAR, 3D LiDAR, and 4D LiDAR. By installation type, the market is bifurcated into airborne LiDAR and ground-based LiDAR. On the basis of service, it is divided into aerial surveying and ground-based surveying. On the basis of application, it is divided into forest management, coastline management, air pollution, water pollution, agriculture, and others.

LiDAR Sensor For Environmental Market
By Service

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Ground Based Surveying segment will maintain the lead throughout the forecast period

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Region wise, the LiDAR sensor for environmental market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The North America segment was the highest revenue contributor in 2019. In addition, the North America segment serves as the top investment pocket of the global LiDAR sensor for environmental market. This is attributed to growth in developments of advanced technologies as well as relatively higher awareness about the environmental protection among population with the support of organizations such as Environmental Protection Agency (EPA), The Nature Conservancy, and National Research Council.

LiDAR Sensor For Environmental Market
By Application

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Agriculture segment will dominate the market during 2020 - 2027

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Leading LiDAR sensor for environmental market players such as Faro Technologies Inc., Geodetics, Leica Geosystems AG, and Mitsubishi Electric Corporation are focusing their investment on technologically advanced and cost-effective products. Such advancements are expected to significantly propel the market growth.

Top Impacting Factors

Improvements in automated processing ability of LiDAR systems in terms of image resolution, and prompt data processing capability over other technologies are the major factors that drive growth of the global LiDAR sensor for environmental market. Other factors that supplement growth of the LiDAR sensor for environmental market include rise in demand for 3D imaging technology across various application areas and increase in adoption of aerial LiDAR systems to explore and detect places and historic details. However, less awareness about benefits of LiDAR systems and use of expensive components in these systems, such as laser scanner, navigation system, and high-resolution 3D cameras, collectively increase the cost of LiDAR systems. Hence, these factors limit adoption of LiDAR sensor systems. Furthermore, increase in need for LiDAR-captured data in newer applications and emergence of 4D LiDAR creates numerous growth opportunities for the market growth.

LiDAR Sensor For Environmental Market
By Region

2027
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 17.2% during 2020 - 2027

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Competitive Analysis

Competitive analysis and profiles of the major LiDAR sensor for environmental market players such as Faro Technologies Inc., Geodetics, Leica Geosystems AG, MeaTech (Measurement Technologies) Solutions LLP, Mitsubishi Electric Corporation, RIEGL, Sick AG, Topcon Positioning Group, Trimble Inc., and Vaisala. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the LiDAR sensor for environmental industry.

COVID-19 Impact Analysis

Global LiDAR sensor for environmental system market has been significantly impacted by the COVID-19 outbreak. Production facilities of electronics and semiconductors have been halted, owing to slowdown and unavailability of workforce across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization; and travel bans & facility closures kept workers out of their factories, which has led the slowdown of LiDAR sensor for environmental market growth in 2020. 

However, the negative impact of COVID-19 on the LiDAR sensor for environmental system market is expected to be there for a short period, and by early 2021, the market is anticipated to observe robust recovery rate along with extensive demand for installation of LiDAR sensors.

Furthermore, the COVID-19 has impacted global food and nutritional security by disrupting the food supply chain from a farm to a household. Hence, there is a surge in demand to strengthen local food production systems and create a circular economy focused on soil restoration through on-farm cycling of nutrients and carbon sequestration, minimizing environmental pollution, and contamination of food. This factor is expected to provide lucrative opportunities for installation of LiDAR sensor during the forecast period.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global LiDAR sensor for environmental market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall LiDAR sensor for environmental market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current LiDAR sensor for environmental market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the LiDAR sensor for environmental market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Lidar Sensor For Environmental Market Key Segments

By Technology

  • 2D LIDAR
  • 3D LIDAR
  • 4D LiDAR

By Installation Type

  • Airborne LIDAR
  • Ground-Based LIDAR

By Service

  • Aerial surveying
  • Ground-based surveying

By Application

  • Forest management
  • Coastline management
  • Air pollution
  • Water pollution
  • Agriculture
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • Faro Technologies Inc.
  • Geodetics
  • Leica Geosystems AG
  • MeaTech (Measurement Technologies) Solutions LLP
  • Mitsubishi Electric Corporation
  • RIEGL
  • Sick AG
  • Topcon Positioning Group
  • Trimble Inc.
  • Vaisala
 

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According to CXOs of leading companies, the LiDAR sensor for environmental market is going through enormous transformation and growth. It is an emerging technology that helps to capture high-definition 3D data of geospatial surfaces. Innovations in laser technology help to bring price corrections in LiDAR products. Simultaneously, changes in demands and preferences of urban population unveil newer environmental LiDAR applications apart from conventional military applications. Sophistication of 3D imaging technology leads to increase in corridor mapping activities by LiDAR systems. 

CXOs further added that in forest management, LiDAR systems are widely being used to generate precise and geo-referenced spatial information. These applications require precise inventory of individual trees or groups. Forest planning, study forest ecology & habitats, quantify forest fire fuel, and estimation of carbon absorption are some of the major application areas of LiDAR sensor in forestry.  In addition, surge in demand for governments and councils to manage coastlines to protect them from increasing coastal flooding and erosion due to altering sea levels primarily drives growth of the market. LiDAR sensor systems helps to protect businesses and homes from being damaged and even destroyed by coastal flooding or erosion.

Furthermore, rise in need to detect air pollution changes in real time as well as to locate sources of air pollution drives growth of the LiDAR sensor for environmental market. With the help of LiDAR map, a user can identify locations of local maximum air pollution values; therefore, positions of the air pollution sources. In addition, LiDAR sensors are widely being used in detection of smoke from wildfires that includes particle pollution. Moreover, it helps to detect harmful gases and other pollutants emitted by vehicles in industrial and traffic activities

Among the analyzed regions, North America is expected to account for the highest revenue throughout the forecast period, followed by Europe, Asia-Pacific, and LAMEA.

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