Global Airborne LiDAR Market is projected to grow at a CAGR of 15.4% during the forecast period.

A new report published by Allied Market Research, titled,“Airborne LiDAR Market by Component, Application and End User: Global Opportunity Analysis and Industry Forecast, 2017 – 2025,”the global airborne LiDAR market was valued at $316.2 million in 2017 and is projected to reach $1010.5 million by 2025, growing at a CAGR of 16.4% from 2018 to 2025.

Advancements in laser technology and aerial vehicles have reduced the cost of airborne LiDAR systems. Furthermore, increase in airborne LiDAR applications in various industries, apart from conventional military applications, has accelerated the demand for airborne LiDAR globally. Moreover, reduction in price of drones, expansion of applications in defense & civil engineering, and rise in demand for 3D imaging are projected to supplement the market growth.

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