LIDAR MARKET IS ESTIMATED TO WITNESS A CAGR OF MORE THAN 19% DURING THE FORECAST PERIOD FROM 2018 TO 2023.
The LiDAR instrument is mounted on helicopters, drones, and single and twin engine plane. The LiDAR mounted on aircraft emits rapid pulses of laser light at a ground surface. LiDAR emits up to 150,000 pulses per second. A sensor on the instrument measures the time taken for each pulse to be received back from the ground surface. The airborne LiDAR systems emerged commercially in the mid-1990s, and provide explicit 3D laser profiling and scanning in contrast to the 2D planimetric remote sensing data. The 3D coordinates (x, y, z) axis, describe the 3D topographic profile of the Earth’s surface, vegetation area coverage, and human-made objects. The airborne LiDAR technique has been efficiently used for generating Digital Elevation Model (DEM), Digital Terrain Model (DTM), and Digital Surface Model (DSM).
The growing demand for 3D imagery in various application areas, such as military & defense, civil engineering, geographical surveys, and corridor mapping, is expected to drive the LiDAR market in next few years, considerably. Textured 3D imagery is applied in various applications, such as 3D mapping, city planning, and photorealistic flyers.
North America is estimated to account for the largest share of the airborne LiDAR market. The major leading countries in this region for airborne LiDAR market are the U.S. and Canada. The collective use of LiDAR systems in mapping and surveying applications, along with a rising base of LiDAR service providers are driving the growth of the airborne LiDAR market in the U.S. The primary application areas of LiDAR sensors in the U.S. include industrial survey, military mapping, forest management, and oceanographic surveys. In Canada, airborne LiDAR sensors are mainly used in infrastructural improvement purposes.
The U.S. government is investing a large number of funds in airborne LiDAR for civil engineering and defense applications, to increase the accuracy of operations at a lesser time and decrease the risk factors involved. In the recent, fiscal year budget, the U.S. military sector is projected to spend huge amount on procuring unmanned aerial systems, this will lead to drive the growth of the airborne LiDAR market. Moreover, it has witnessed an increase in demand in infrastructure projects in the last few years. The use of airborne LiDAR in all these projects and various government investments in various industries are expected to boost the growth of the overall airborne LiDAR market.