U.S. Airborne LiDAR Market Size, 2023 is Set to Grow According to Latest Analysis Report

U.S (New York) – New research study titled “U.S. Airborne LiDAR Market ” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.

Aerial LiDAR system is a mapping technology that uses a laser beam to measure the distance from an aircraft to the earth’s surface by utilizing onboard GPS and inertial measurement unit (IMU) sensors to determine the geospatial location of terrestrial objects and their features with high precision. In the U.S., aerial LiDAR systems are widely used in forestry management & planning, flood modeling, urban/city modeling, pollution modeling, coastline management, transport planning, and cellular network planning. A recent trend to collect higher point densities by flying lower and slower to collect multiple data sets is widely adopted in the industry. Scientists reported that by utilizing this method, the system is able to measure the ground with 5-20 or even up to 40 points per square meter.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

OTHER PLAYERS IN VALUE CHAIN, , FLIR Systems, Inc., EHang, Inc., 3D Robotics, Inc., Trimble Navigation, Merrick & Company, Surveying and Mapping, LLC, CyPhy Works Inc. This method is expected to provide accurate and precise mapping of the object and is widely employed for topographic surveys in the U.S. Accuracy of aerial LiDAR systems in the past few years has been enhanced due to the latest advancements in LiDAR sensors.

Rise in the adoption rate of aerial LiDAR technology in the U.S. was observed owing to the growth of defense & aerospace and technological advancements in forestry & agriculture applications. In airborne applications, LiDAR technology provides exceptional advantages over RADAR technology such as improved accuracy, real-time mapping ability, and better visualization, which collectively drive the LiDAR market across U.S. Moreover, traditional specifications of aerial LiDAR systems are able to measure only one pulse per square meter point density; however, advancement in the traditional aerial systems along with the multi-pulse technique in aerial LiDAR systems further supplements the growth of the market. However, various Federal Aviation Administration (FAA) regulations on drones restrain the growth of airborne LiDAR in the U.S.

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U.S. Military Expenditure Compared to Other Countries, 2014 (%)

Source: Center for Arms Control and Non-Proliferation

In the year 2014, U.S. accounted for approximately 87% of the global military spending in Americas. Of the total U.S. military spending, technological upgradation holds a major share, which includes implementation of airborne LiDAR-based technology.

The market is segmented on the basis of component, application, and end user. Based on component, the market is segmented into lasers, inertial navigation systems, cameras, GPS/GNSS receivers, and Microelectromechanical systems. Based on application, the market is divided into corridor mapping, seismology, exploration & detection, and others. The market by end user comprises defense & aerospace, civil engineering, archaeology, forestry & agriculture, mining industry and transportation.

POTENTIAL BENEFITS FOR STAKEHOLDERS:

This report provides an in-depth analysis of the world U.S. airborne LiDAR market along with current trends and future estimations to identify lucrative investment opportunities
Key drivers, opportunities, and restraints that shape the market along with their impact analysis are explained
Porter’s Five Forces analysis highlights the potency of buyers and suppliers that participate in this market to facilitate better business decisions for stakeholders and strengthen their supplier and buyer networks
Market estimation of geographical regions is based on the current market scenario and future trends

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KEY PLAYERS

Faro Technologies Inc.
Leosphere SaS
Leica Geosystems Inc. (Hexagon)
3D Laser Mapping Inc.
Firmatek LLC
RIEGL Laser Measurement Systems GmbH
Teledyne Technologies
Quanergy Systems, Inc.
Saab Group
Raymetrics S.A.

U.S. AIRBORNE LiDAR SEGMENTATION

The market is segmented on the basis of component, application, and end user.

BY COMPONENT

Lasers
Inertial Navigation Systems
Cameras
GPS/GNSS Receivers
Microelectromechanical Systems

BY APPLICATION

Corridor Mapping
Seismology
Exploration & Detection
Others

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BY END USER

Defense & Aerospace
Civil Engineering
Archaeology
Forestry & Agriculture
Transportation and Logistics
Mining Industry

Market Dynamics:

Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.

Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.

Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.

Escalating globalization: The growth of international trade and travel propels the demand for market solutions.

Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.

Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.

Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.

Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.

Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.

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