According to the recent research report titled ‘Global Airborne LiDAR Market Size study, by Application (Corridor Mapping, Seismology, Exploration & Detection, Others), by Component (Lasers, Inertial Navigation Systems, Camera, GPS/GNSS Receivers, Micro-electromechanical Systems), by End-Use (Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation, Archaeology, Mining Industry) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global airborne LiDAR market to garner significant growth between 2022 and 2028.
The major factors driving the global airborne LiDAR market growth are the rapid expansion civil engineering and military sectors, increasing demand from forestry and agriculture, and rising adoption of 3D imaging technologies.
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A navigation unit (GNSS, IMU) enabling continuous measurement of the sensor platform's attitude and position and the laser scanner itself make up an airborne LiDAR, which is a dynamic, polar, and active multi-sensor system.
However, strict regulations by FAA (Federal Aviation Administration) will impede the overall market growth over the period of 2022-2028.
This study provides in-depth details about critical elements like driving forces and challenges that will determine the expansion pattern of this business space. Along with a thorough examination of the competitive landscape and the product offerings of major companies, the report will also include several opportunities for stakeholders to invest in micro markets.
Worldwide airborne LiDAR industry vertical is segmented based on application spectrum, by component, end-user reach, and regional landscape. In terms of application spectrum, the market is divided into corridor mapping, exploration & detection,
seismology, and others.
By component type, this marketplace is bifurcated into lasers, camera, inertial navigation systems, GPS/GNSS receivers, and micro-electromechanical systems. Based on end-user analysis, the market is segregated into aerospace & defense, forestry & agriculture, civil engineering, transportation, mining industry, and archaeology segments.
On the geographical front, global airborne LiDAR market sphere spans North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America market is predicted to project modest gains through study timeline due to the rise in surveying and mapping activities.
Similarly, Asia Pacific market is expected to witness considerable growth through the forecast duration owing to rising infrastructural developments.
The leading companies defining the competitive landscape of global airborne LiDAR marketplace are Teledyne Technologies, Airborne Imaging, RIEGL Laser Measurement Systems GmbH, Faro Technologies, Inc., Saab Group, Firmatek, Merrick & Company, Flir Systems, Inc., Leica Geosystems, and Lasermap Inc.