Global Airborne Light Detection and Ranging System Market 2018-2022 | 16% CAGR Projection Over the Next Four Years | Technavio

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The global airborne light detection and ranging system market is expected to post a CAGR of nearly 16% during the period 2018-2022, according to the latest market research report by Technavio.

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Technavio has released a new market research report on the global airborne light detection and rangi ...

Technavio has released a new market research report on the global airborne light detection and ranging system market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the application of remote sensing technologies for disaster management. Disasters often act as a catalyst for the adoption of new and emerging technologies. Given the growing need for quick collection of vital information for disaster management, emerging remote sensing technologies such as LiDAR have become critical in assessing potential hazards in a comprehensive manner. A LiDAR can be topographic, bathymetric or both. Topographic LiDAR systems deploy a pulsed laser to measure and record three-dimensional information on the earth's surface, while a bathymetric LiDAR records similar information on the seafloor or riverbed.

This market research report on the global airborne light detection and ranging (LiDAR) system market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the increased popularity of UAV as one of the key emerging trends in the global airborne light detection and ranging system market:

Global airborne light detection and ranging system market: Increased popularity of UAV

In European countries, security concerns and diverse geopolitical tensions have driven them to reorient their defense efforts, ranging from involvement in distant conflicts to coping with intensifying homeland and border security challenges. This has enhanced the need for advanced UAVs as they are able to safely integrate into civilian airspace and provide the technological capabilities required to effectively perform complex homeland and border security missions.

“In sectors such as the media, facilities management, and agriculture and construction industries, high number of UAVs are being deployed. Drones offer plenty of applications where slight modifications to the system enable excellent service. For example, in the media industry, UAVs are used for aerial photography and videography. The facilities management industry uses UAVs for pest control in high-rise buildings. While oil companies deploy UAVs to inspect off-shore oil rigs and pipelines,” says a senior analyst at Technavio for research on aerospace.

Global airborne light detection and ranging system market: Segmentation analysis

This market research report segments the global airborne light detection and ranging system market by mount types (UAV mounted LiDAR and fixed and rotor-wing mounted LiDAR) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of over 53%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 4%.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Business Wire: 14:03 GMT Thursday 6th December 2018

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