COVID-19 Impact on Airborne LiDAR Market Growth | Size, Value Share, Emerging Audience, Business Overview and Forecast to 2023

COVID-19 Impact on Airborne LiDAR Market Global Information by Type (Topographic & Bathymetric), Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & Unmanned Aerial Vehicles), Solution (System (Hardware & Software) & Services) and Region

Market Analysis

Global COVID-19 Impact on Airborne LiDAR Market is likely to grow at a whopping 19% CAGR between 2020- 2023, as per the recent report by Market Research Future (MRFR). LiDAR or Light Detection & Ranging, simply put, is a remote sensing technique that uses light as a pulsed laser for measuring variable distances to objects located on the earth. It is highly favored over conventional sensors chiefly due to the precise 3D image. This instrument is mounted on drones, helicopters, and others. LiDARs mounted on an aircraft helps to emit rapid laser light pulses at the ground surface. The airborne LiDAR method is effectively used to generate Digital Surface Model (DSM), Digital Terrain Model (DTM), and Digital Elevation Model (DEM).

Various factors are adding to the airborne LiDAR market growth. According to the new MRFR report, such factors include advances in technology, increasing government spending to update regional/country maps, surging use of UAVs for aerial surveys, superior performance compared to photogrammetry, increasing number of geospatial surveys, and increasing use in construction and engineering applications. Additional factors adding market growth include rising adoption in logistics, agriculture, and defense, and ongoing research and development activities for developing airborne LiDAR system having digital elevation and more precise shoreline maps.

On the contrary, lack of awareness may limit the airborne LiDAR market growth over the forecast period.

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COVID-19 Analysis/COVID-19 Impact on Airborne LiDAR Market

Artificial intelligence, virtual reality, and augmented reality solutions are likely to make a substantial contribution in addressing the constantly evolving challenges and responding to the novel coronavirus pandemic. VR/AR has proven to be an immensely valuable solution to offer remote assistance by avoiding unnecessary travel. Drones are used to deliver packages, used in hospitals treating COVID-19, disinfecting public spaces, prevent the virus from spreading, and local health authorities are effectively disinfecting areas with agriculture spraying drones.

Key Players

Notable players profiled in the Global Airborne LiDAR Market Report include Raymetrics S.A. (Greece), Quanergy Systems, Inc. (U.S.), RIEGL Laser Measurement Systems GmbH (Northeast Africa), Firmatek (U.S.), 3D Laser Mapping (England), Leosphere SAS (France), Faro Technologies Inc. (U.S.), FLIR Systems (U.S.), Leica Geosystems (Switzerland), Teledyne Technologies (U.S.), and Saab AB (Sweden).

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the COVID-19 Impact on Airborne LiDAR Market Report based on type, platform, and solution.

By type, the global airborne LiDAR market is segmented into bathymetric and topographic. Of these, the topographic segment will lead the market over the forecast period.

By platform, the global airborne LiDAR market is segmented into unmanned aerial vehicles, rotary wing aircraft, and fixed wing aircraft. Of these, the fixed wing aircraft will dominate the market over the forecast period.

By solution, the global airborne LiDAR market is segmented into system and services. System is further segmented into hardware (GPS/position systems, inertial measurement systems, ranging devices, interface devices, scanners, and lasers) and software. Services is further segmented into transportation and logistics, forestry and agriculture, infrastructure, defense and aerospace, mining, and oil & gas. Of these, services (transportation and logistics) will have a major share in the market over the forecast period.

Regional Analysis

Based on the region, the global airborne LiDAR market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), and Middle East Africa (MEA). Of these, North America will lead the market over the forecast period. Increasing use of airborne LiDAR in oceanographic surveys, forest management, military mapping, industrial survey, and infrastructural improvement purposes, coupled with the increasing base of LiDAR service providers, are adding to the market growth in the region. The US & Canada are the major contributors in the region. Besides, government investments in different industries are also propelling the market growth.

The global airborne LiDAR market in Europe is predicted to hold the second-largest share over the forecast period, followed the Asia Pacific region. The increasing use of airborne LiDAR for forestry applications, urban modeling, and flood mapping coupled with the increasing number of infrastructural activities in Japan, India, & China are adding to the growth of the market in the region.

The global airborne LiDAR market in the MEA is predicted to have sound growth over the forecast period.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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