Airborne Light Detection and Ranging System market to grow by USD 900.41 mn |Application of Remote Sensing Technologies for Disaster Management to Drive Growth| 17000+ Technavio Reports

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NEW YORK, Nov. 30, 2021 /PRNewswire/ -- The airborne LiDAR system market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The airborne light detection and ranging (LiDAR) system market is set to grow by USD 900.41 million from 2020 to 2025. The report projects the market to progress at a CAGR of 15.70%. In addition, the report offers a detailed analysis of the current market scenario, the latest trends, drivers, challenges, and the overall market environment.

Attractive Opportunities in Airborne Light Detection and Ranging System Market by Mount Types and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Airborne Light Detection and Ranging System Market by Mount Types and Geography - Forecast and Analysis 2021-2025

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The airborne light detection and ranging system market report also offers information on several market vendors, including FARO Technologies Inc., GeoSLAM Ltd., Hexagon AB, LeddarTech Inc., Merrick and Co., Phoenix LiDAR Systems Operations LLC, Quanergy Systems Inc., Raymetrics, RIEGL Laser Measurement Systems GmbH, and Teledyne Technologies Inc. among others.

Airborne Light Detection and Ranging (LiDAR) System Market: Drivers

Application of remote sensing technologies for disaster management to drive growth

Disasters often act as catalysts for the adoption of new and emerging technologies. Given the growing need for quick collection of vital information for disaster management, emerging remote sensing technologies such as LiDAR have become critical in assessing potential hazards in a comprehensive manner. A LiDAR can be topographic, bathymetric, or both. Topographic LiDAR systems deploy a pulsed laser to measure and record three-dimensional information on the earth's surface, while a bathymetric LiDAR records similar information on the seafloor or riverbed.

Airborne Light Detection and Ranging (LiDAR) System Market: Challenges

Exorbitant pricing may impede the market growth

Ensuring higher prices and improving sale volumes at the same time to enable price optimization are critical for the prospects of a business operation. A LiDAR system commands a premium price given the technological advantages it offers. Even though the technology is still developing, consumers pay on the higher side to avail of these services. Manufacturing costs are also quite high at present due to the integration of innovative technologies in upcoming products, which render obsolete even top-range products within a short span of time.

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Airborne Light Detection And Ranging (LiDAR) System Market: Segmentation Analysis

This market research report segments the airborne light detection and ranging (LiDAR) system market by Type (UAV mounted LiDAR and fixed and rotor-wing mounted LiDAR) and Geography (North America, Europe, APAC, MEA, and South America).

37% of the market's growth will originate from North America. The US is a key market for airborne light detection and ranging system in the region. The augmented use in defense activities will facilitate the airborne light detection and ranging system market growth in North America.

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Some of the key topics covered in the report include:

Market Challenges

Market Drivers

Market Trends

Vendor Landscape

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Competitive scenario

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Airborne Light Detection And Ranging (LiDAR) System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15.70%

Market growth 2021-2025

USD 900.41 million

Market structure

Fragmented

YoY growth (%)

4.09

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 37%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

FARO Technologies Inc., GeoSLAM Ltd., Hexagon AB, LeddarTech Inc., Merrick and Co., Phoenix LiDAR Systems Operations LLC, Quanergy Systems Inc., Raymetrics, RIEGL Laser Measurement Systems GmbH, and Teledyne Technologies Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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