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Published Date: 2014-10-07Number of Pages: 80

LiDAR Market (Product Type - Airborne, Terrestrial; Application - Coastal, Forestry, Infrastructure, Defense and Aerospace, Flood Mapping, Transportation, Transmission Lines) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Light Detection and Ranging (LiDAR) is a remote sensing technology that measures scattered light (laser) to find information and range of a distant target. LiDAR is comparable to radar in certain aspects. However, LiDAR uses waves of shorter wavelengths unlike radar, which uses radio waves for measuring targets. The wavelengths of the electronic spectrum for LiDAR technology typically lie in the visible, ultraviolet and infrared range. The LiDAR technology enables direct measurement of 3D structures and underlying terrain with high resolution and high data accuracy. The two major types of LiDAR include Airborne LiDAR which includes topographic and bathymetric LiDAR and Terrestrial LiDAR that includes mobile LiDAR and short range LiDAR.
The growing demand for 3D imagery in various end use sectors such as construction, power transmission, transportation and defense and aerospace is the major factor driving the LiDAR market globally. Further, the LiDAR technology offers extensive time and cost saving capabilities which have increased the likes of its adoption and thus, the technology is preferred over traditional mapping methods. The LiDAR technology has replaced photogrammetry mainly because of its comparative advantages over photogrammetry in terms of light independency and high accuracy. On the contrary, complexity in LiDAR data interpretation due to lack of standardization is one of the major factors challenging the market growth.
Coastal applications of LiDAR dominated the market in 2013 whereas transmission lines segment is expected to experience fastest growth over the forecast period. The major use of LiDAR in coastal applications is for disaster management and control in disaster prone coastal areas. The adoption of LiDAR technology in the power sector is increasing as power utilities are increasing incorporating LiDAR technology in laying out and setting up transmission lines. The adoption of LiDAR is also expected to increase in transportation, infrastructure and defense and aerospace end user segments.
Geographically, North America dominated the global LiDAR market. The growth in this region is attributed to high research and development spending on bringing innovations in the LiDAR technology and high penetration in defense and military due to support from the government. Europe closely follows North America and a large number of key players are supporting the growth in order to meet the demand of huge consumer base in this region. Other regions such as Asia Pacific and RoW are expected to experience significant growth over the forecast period.
Major industry participants in the LiDAR market are 3D Laser Mapping Ltd., Aerometric Inc., Avent Lidar Technology, Airborne Hydrography AB, DigitalWorld Mapping Inc., Firmatek 3D Mapping Solutions LLC, FARO Technology, Inc., Intermap Technologies Corp., Leica Geosystems AG, Mosaic 3D, Optech Incorporated and RIEGL Laser Measurement Systems GmbH among others. The key strategy adopted by majority of these players to strengthen and expand their presence in the global LiDAR market is new product development through technological innovations and product enhancements.

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. 

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. 

Global LiDAR Market, by Product Type:

  • Airborne LiDAR
  • Terrestrial LiDAR 

Global LiDAR Market, by Application:

  • Coastal
  • Forestry
  • Transportation
  • Infrastructure
  • Defense and Aerospace
  • Transmission lines
  • Flood Mapping
  • Others (Mining, Hydrography etc.) 

Global LiDAR Market, by Geography:

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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