Detroit, April 26, 2018 (GLOBE NEWSWIRE) -- Stratview Research announces the launch of a new market research report on Airborne LiDAR Market by Type (Topographic and Bathymetric), by Solution Type (System and Services), by Application Type (Corridor mapping, Seismology, Exploration & Detection, and Others), by End-Use Industry (Aerospace & Defense, Civil Engineering, Forestry & Agriculture, Transportation & Logistics, Archaeology, Mining, and Others), by Platform Type (Fixed-Winged Aircraft, Rotary-Winged Aircraft, UAV, and Satellite), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Airborne LiDAR Market: Highlights
As per Stratview Research, the global airborne LiDAR market is projected to grow at an impressive CAGR of 16.3% during the forecast period of 2018-2023. Increasing demand for 3D imaging, superior performance of LiDAR as compared to conventional sensors, rising demand for miniaturized micro-electro-mechanical systems (MEMS) sensors, increasing demand for automation of measuring instrument process, and an increased usage of LiDAR in the transportation and logistics activities are some of the major factors that are proliferating the growth of the airborne LiDAR market.
Based on the end-use industry type, Mining and Aerospace & Defense are likely to maintain their dominance in the airborne LiDAR market during the forecast period, whereas Archaeology and Transportation & Logistics are likely to witness highest growth rates during the same period.
By solution type, hardware components (in the systems segment) are expected to remain dominant over the next five years, whereas software is likely to witness the highest growth during the same period, driven by an incorporation of artificial intelligence (AI) in airborne mapping applications.
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In terms of platform type, UAV is likely to remain the most attractive segment of the market in terms of both market dominance and growth over the next five years driven by an organic growth of UAVs coupled with rising usage of LiDAR on it and market entry of various companies in the UAV market.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences and Oil & Gas.