LiDAR Market Segmentation:
Product Segment Analysis
The airborne LiDAR market is expected to account for a significant revenue share by 2035. The growth of the segment can be attributed to the rising occurrence of unexpected natural calamities, such as earthquakes, floods, landslides, and others. Airborne LiDAR is crucial for creating precise floodplain maps, that enable better planning for the emergency response. In 2021, over 432 catastrophic occurrences were documented, which is significantly more than the typical number of 357 yearly catastrophic events from 2001 to 2020.
Apart from this, the use of airborne LiDAR is also growing for urban planning, as airborne LIDAR may offer important information for urban planning, including land use, and zoning. Their use is also surging for evaluating the effect of infrastructure development on natural resources and ecosystems, detecting leaks in underground utilities, and more
Application Segment Analysis
The corridor mapping segment in the LiDAR market is expected to witness significant growth during the forecast period. LiDAR enables the monitoring of structural integrity, and vegetation clearances of utility infrastructures, including telecommunication cables, power lines, gas pipelines, and others.
The growth of the segment is predicted to be encouraged by the rise in the installation of new pipelines for oil and gas transmission and its rapid development. In the world, currently, many projects are in development or being proposed for the expansion of oil and gas pipelines, the combined length of pipelines is around 131,760 miles.
Our in-depth analysis of the global market includes the following segments:
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