Market Size – USD 405.8 Million in 2019, Market Growth – CAGR of 16.5%, Market Trends – The rise in the adoption of Airborne LiDAR in the defense industry.
The global Airborne LiDAR Market is forecasted to be worth USD 1,291.2 Million by 2027, according to a current analysis by Emergen Research. Due to the increasing demand for remote scouting and geo exploration operations, the airborne LiDAR market is expected to grow significantly over the forecast timeframe. In different fields, such as geographic measurements and corridor mapping, the growing demand for 3D imaging is expected to further fuel market growth.
One of the significant benefits of fixed-wing air ambulances is that they could still operate in adverse conditions, like snow, which is difficult for rotary-wing aircraft. Whenever a patient has to be moved from one hospital to another, this leads to fewer delays. Fixed-wing aircraft ambulances can have a more spacious interior than helicopters, allowing it to provide more onboard emergency supplies and employees. It often provides patients with a less stressful journey and, consequently, a much more relaxed atmosphere when they can travel at higher altitudes.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key Highlights From The Report
In March 2019, FLIR Systems, Inc. acquired Endeavor Robotic Holdings, Inc. With the incorporation of Endeavor, FLIR became the largest supplier of unmanned aerial (UAVs) and terrain applications to meet the needs of warfighters, as well as public security.
Due to the advantages of high frequency, improved monitoring coupled with low power laser, better resolution, cost-effective data management, and improved laser integration (Neat-infra-red), the topographic segment is anticipated to dominate the market with a CAGR of 16.6% during the forecast period.
In the forecast timeframe, the fixed-wing aircraft are accounted for the largest market. Fixed-wing aircraft include non-moving wings that are controlled by a propeller or piston. This is quite frequently used for extended travel times.
Over the forecast period, the laser segment is expected to hold the largest market. The segmental development is stimulated by this component’s benefits, like greater reliability and performance in terms of standard and 3D imaging.
During the forecast period, the corridor mapping segment is expected to dominate the market because this is the only application that provides the vegetation’s true distance in almost real-time.
Due to Airborne LiDAR systems’ extensive use in spacecraft and fighter jets for advanced protection and 3D imaging, the aerospace & defense segment is expected to hold the largest market over the forecast timeframe.
The collective use of LiDAR systems in mapping and scanning solutions is driving the growth of the North American airborne LiDAR market, and this region is expected to dominate the market over the forecast timeframe.
Key participants include Leica Geosystems, Saab AB, FLIR Systems, Inc., Teledyne Technologies International Corp, Faro Technologies, Inc., Lasermap Inc., Merrick & Company, Inc., Xactsense Inc., RIEGL Laser Measurement Systems GmbH, and Firmatek, L.L.C. among others.
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Type Outlook (Revenue, USD Million; 2017-2027)
Platform Outlook (Revenue, USD Million; 2017-2027)
Fixed Wing Aircraft
Rotary Wing Aircraft
Component Outlook (Revenue, USD Million; 2017-2027)
Inertial Navigation Systems
Application Outlook (Revenue, USD Million; 2017-2027)
Exploration & Detection
End-Use Outlook (Revenue, USD Million; 2017-2027)
Aerospace & Defense
Transportation & Logistics
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