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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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Remote Sensing Satellite Market -The remote sensing satellite market size has the potential to grow by USD 4.64 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. Download a free sample now!
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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