The airborne Light Detection and Ranging (LiDAR) system market size will grow at a notable rate on the back of rising penetration of exploration, corridor mapping and Advanced Driver Assistance Systems (ADAS) systems. Surging investments in driverless cars and heightened awareness about LiDAR systems will encourage stakeholders to expand their geographical presence.

Fortune Business Insights™ has delved into these inputs in an upcoming research report, titled, “Airborne Light Detection and Ranging (LiDAR) System Market, 2022-2029.”

Impact of Russia-Ukraine War Implication

The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/sample/airborne-light-detection-and-ranging-lidar-system-market-105530Segments-

In terms of product type, the market is segmented into mobile, airborne, terrestrial and UAV. Based on component, the industry is segregated into Navigation Inertial Measurement Unit (IMU) devices, laser scanners, GPS component and others. With respect to application, the market is fragmented into exploration, corridor mapping, environment, Advanced Driver Assistance Systems (ADAS) and others. On the basis of geography, the industry includes Europe, North America, Asia Pacific and the Rest of the World.

Report Coverage-

The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic market view. Along with qualitative and quantitative analyses, the report has been prepared through primary sources, including interviews with application developers, directors and executives. The report also provides secondary resources, such as press releases, annual reports, white papers and journals.

Drivers and Restraints-

Surging Demand for 3D Images to Foster Industry Growth

Leading players are likely to cash in on the prevalence of 3D images in a host of applications, including topographical surveys, military and defense, corridor mapping and civil engineering. The airborne Light Detection and Ranging (LiDAR) system market share will witness a notable uptick on the back of expanding footfall of corridor mapping, city planning and 3D mapping. Expanding applications of UAVs could add fillip to LiDAR-based mapping systems. With rising traction for improved safety features, autonomous cars are likely to be equipped with LiDAR systems for navigation and GPS. LiDAR systems will increasingly be mounted on unmanned vehicles to provide versatility and portability. However, the prevalence of lightweight and low-cost photogrammetry systems could dent the growth prospect.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/airborne-light-detection-and-ranging-lidar-system-market-105530

Regional Insights

North America to Witness Investments Galore with Rising Investments in Driverless Cars

Stakeholders expect the U.S., Canada, and Mexico to emerge as lucrative destinations following the rising footfall of driverless cars. Moreover, the ADAS has become trendier across the region, encouraging leading companies to boost North America market revenue. Technological advancements will be pronounced with expanding mapping and surveying applications. Modernization of GPS components and increasing exploration activities will boost regional growth.

Asia Pacific airborne Light Detection and Ranging (LiDAR) system market growth will be noticeable owing to rising infrastructure development. With LiDAR modernization programs gaining an uptick across China, Australia and India, stakeholders are likely to foster their footprint. Expanding automotive sector and the soaring popularity of UAV systems could provide impetus to the regional market.

Competitive Landscape-

Stakeholders Focus on Product Launches to Bolster Portfolios

Leading companies are likely to invest in technological advancements, product rollouts, and R&D activities to expand their geographical presence. With soaring investments in innovation and advanced design, stakeholders could inject funds into mergers and acquisitions.

  • February 2021: Phoenix LiDAR Systems announced its collaboration with Nordic Unmanned Systems to provide a customer-focused solution.

 Inquiry before Buying:

https://www.fortunebusinessinsights.com/enquiry/queries/airborne-light-detection-and-ranging-lidar-system-market-105530

Some of the Leading Companies Profiled in the Market:

  • Trimble Navigation Limited (U.S.)
  • RIEGL USA Inc, Inc. (U.S.)
  • Faro Technologies Inc. (U.S.)
  • Velodyne LiDAR, Inc (U.S.)
  • Leica Geosystems Holdings AG (Switzerland)
  • 3D Laser Mapping (U.K.)
  • Phoenix LiDAR Systems (U.S.)
  • Hexagon AB (Sweden)
  • Teledyne Technologies (U.S.)

Read Related News:

Military Vetronics Market Opportunities

Aircraft Lighting Market Trends

Offshore Helicopter Services Market Size

Aerospace Robotics Market Share

US Reusable Launch Vehicle Market Growth

Aviation Headsets Market Forecast

Aircraft Sensors Market Analysis

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner – Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.

 

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

Connect us via Social Media Channels:

LinkedIn  Facebook  Twitter Blogs

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.