LiDAR Market (Product Type – Airborne, Terrestrial) – Outlook 2024

Global LiDAR Market: Overview

LiDAR is a remote sensing technology that works on a similar principle to radar, except that LiDAR uses laser beams instead of the RF waves used in radar. The laser beams used in LiDAR are primarily in the near-ultraviolet, UV, and IR range. LiDAR is used primarily for surveying; due to the high resolution it offers, LiDAR is increasingly being used for civilian applications such as seismic mapping, forestry mapping, geology, archaeology, and atmospheric monitoring.

The report provides a close look at the key segments of the global LiDAR market. The historical development trajectory exhibited by the LiDAR market has been elaborated upon in the report. A solid analysis of the market’s current figures is also presented in the report. This provides a solid basis for reliable predictions regarding the market’s development in the coming years. The report examines the global LiDAR market in detail, analyzing the hierarchy of the market by each criterion. Figures illustrating the performance of the key segments of the LiDAR market are provided in the report, which helps provide a clear granular overview of the market.

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By product type, the report segments the global LiDAR market into airborne and terrestrial LiDAR. Bathymetric and topographic LiDAR are the key sub-segments within the airborne LiDAR market, whereas the market for terrestrial LiDAR is segmented into short-range and mobile LiDAR. By application, coastal applications are the dominant contributor to the global LiDAR market and are likely to remain important to the market in the coming years. Disaster management in coastal areas is the key coastal application of LiDAR technology.

Global LiDAR Market: Trends and Opportunities

The key driver for the global LiDAR market is the rising demand for 3D imaging in diverse sectors such as construction, defense, transportation, and power transmission. The use of LiDAR is being preferred in these sectors due to the precision it offers in virtual reconstructions. This allows for minute adjustments in the design and consequently minimizes the risk.

Power transmission is likely to be a key application segment of the global LiDAR market in the coming years. The rising need for power is the key factor driving the use of LiDAR in the establishment and expansion of power infrastructure. The need for accurate scanning and design modifications in power distribution infrastructure is also exacerbated by the steady development of the alternative energy sector, since many alternative power generation plants can’t be attached directly to the main grid. The costing structure of conventionally and alternatively generated power is also different, making the use of a unified distribution network problematic. The use of LiDAR in the power transmission sector has also been driven by the increasing adoption of smart grid technologies.

On the other hand, the global LiDAR market has been constrained by the lack of a standard data format that can be used to store all LiDAR-generated information. This presents significant obstacles in collaboration efforts and thus slows down the development of LiDAR technology.

Global LiDAR Market: Geographical and Competitive Dynamics

North America is the leading regional market for LiDAR technology due to the steady support given by the governments in the region to consistent development of military technology and the rising adoption of smart grid technology. Europe is another key contributor to the global LiDAR market due to the widespread power distribution network in the region as well as the need for significant coastal surveillance.

The report also sheds light on the competitive landscape of the global LiDAR market by profiling the leading players operating in it. Key companies examined in the report include Avent Lidar Technology, Aerometric Inc., 3D Laser Mapping Ltd., DigitalWorld Mapping Inc., FARO Technology, Leica Geosystems AG, Optech Inc., Intermap Technologies Corp., and Firmatek 3D Mapping Solutions LLC.

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