Global Airborne LiDAR market to grow at 17.4

The report projects the Airborne LiDAR market to grow by USD 2.3 million, guided by a compounded growth of 17.4%.

Global Airborne LiDAR market to grow at 17.4
Global Airborne LiDAR market to grow at 17.4

Global Airborne LiDAR market to grow at 17.4% CAGR by 2025: Report

Dublin: The Airborne LiDAR – Market Analysis, Trends, and Forecasts report has been added to ResearchAndMarkets.com's offering. The report projects the Airborne LiDAR market to grow by USD 2.3 million, guided by a compounded growth of 17.4%.

Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments.

Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 17.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over USD2.2 million by the year 2025, systems will bring in healthy gains adding significant momentum to global growth.

While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 21.2% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over USD181.4 thousand to the region's size and clout in the next 5 to 6 years. Over USD157.4 thousand worth of projected demand in the region will come from other emerging eastern European markets.

In Japan, Systems will reach a market size of USD150.3 thousand by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.2% over the next couple of years and add approximately USD371.1 thousand in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Competitors identified in this market include, among others, Airborne Imagining Inc. (Canada); Dibotics (France); FLIR Systems, Inc. (USA); Leica Geosystems AG (Switzerland); Merrick & Company, Inc. (USA); SAAB AB (Sweden); Teledyne Technologies Inc. (USA); Velodyne Lidar, Inc. (USA); Xactsense (USA).