HOME Research Insight New Product Developments and Business Expansions to Grow And Sustain in the Airborne LiDAR Market



New Product Developments and Business Expansions to Grow And Sustain in the Airborne LiDAR Market


The airborne LiDAR market is projected to grow from an estimated USD 1,140.1 Million in 2017 to USD 2,533.7 Million by 2022, at a CAGR of 17.32% during the forecast period. North America was the largest market, followed by Europe in 2016. This trend is expected to continue till 2022. The growth of the airborne LiDAR market is driven by the increasing use of unmanned aerial vehicles in various applications and increasing adoption of LiDAR in engineering and construction applications.

Some of the key players in the airborne LiDAR market are Saab (Sweden), Teledyne Technologies (US), Leica Geosystems (Switzerland), and FLIR Systems (US), among others.

Major strategies adopted by the players include contracts & agreements, new product developments, expansions, and mergers & acquisitions, among others. Contracts & agreements was the most commonly adopted strategy from 2014 to 2017. Industry players also adopted new product developments and business expansions to grow and sustain in the airborne LiDAR market.

Saab (Sweden) is one of the largest players in offering products, services, and solutions related to surveillance, aeronautics, among others, for both, military and civil applications. It has a diversified product portfolio for different types of platforms. The company offers airborne LiDAR through its surveillance segment and offers various 3D data imagery systems that support real-time data exchange with Vricon LiDAR. As a part of its key strategy for organic growth, the company is focused on various R&D activities, acquiring contracts, and establishing joint ventures to enhance its presence in the airborne LiDAR market. For instance, it recently signed a contract worth approximately USD 1.27 billion with the UAE Air Force to expand and enhance its airborne surveillance capabilities.

Teledyne Technologies (US) is another prominent player in the airborne LiDAR market and is engaged in developing technologically-advanced products for use across various end-use industries. The company provides airborne LiDAR equipment through its digital imaging segment. Teledyne Optech Inc. is the subsidiary that deals with the research and design on airborne survey products. It offers around six distinct types of airborne LiDAR systems under its airborne LiDAR product portfolio. Teledyne mainly focuses on organic growth strategies such as partnerships, new product launches, among others. For instance, at the GEOINT (GEOspatial INTelligence Symposium) 2016, it introduced a new low-cost, automated airborne surveying system which includes a LiDAR.

Related Reports:

Airborne LiDAR Market by Solution (System & Services), Type (Topographic & Bathymetric (System & Services)), Platform (Fixed Wing Aircraft, Rotary Wing Aircraft & UAVs) and Region - Global Forecast to 2022

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