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LiDAR in Mapping Market Outlook | Development Factors, Latest Opportunities and Forecast 2026

Author : Ronak Bora | Published Date : 2020-09-04 

The prevalence of natural disasters like volcanic eruptions, earthquakes and floods is a major factor driving the LiDAR in mapping market growth. This is on account of the fact that the rising occurrence of these disasters is increasing the demand for accurate mapping solutions, to reduce risks associated with these natural calamities. Growing population in urban areas is leading to surging need for improved urban planning and rising renovation activities of existing buildings. This factor, in tandem with growing need for modern techniques for surveying archaeological sites is contributing to the popularity of LiDAR mapping solutions across the globe.

Escalating investments in R&D activities by key industry players is paving the way for development of advanced LiDAR technology. Also, growing demand for accurate and precise ground surveying technology for DEM (Digital Elevation Model) is compelling real-estate companies to deploy LiDAR mapping technology.

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Over the past few years, LiDAR mapping technology has found immense application in the real estate, construction, O&G industry. Governments across the globe are using LiDAR in mapping market to locate appropriate sites to place pipelines for oil and gas. Private companies are meanwhile leveraging LiDAR technology for safe and quick mapping of distant oil & gas fields. Citing an instance, in 2019, Terra Drone Brazil, an oil & gas inspection services provider in Brazil, conducted an aerial LiDAR mapping for the nation’s state-owned energy company, Petrobas.

The technology basically identified cracks, corrosion and surface welding defects in cargo and ballast tanks of fuel storage facilities. With this, company can undertake timely maintenance and ensuring business continuity. LiDAR in mapping market is also used in urban planning and development of smart cities. Companies operating in the real-estate sector are deploying such solutions for ground surveying and to meet the high accuracy and precision requirements for the Digital Elevation Model (DEM).

It is vital to mention that LiDAR in mapping market primarily depends on resources like software, LiDAR equipment and skilled professionals. The total cost of resource deployed for a single project is significantly higher. Whereas data acquisition requires a considerable amount of time which evidently restrains its deployment on several infrastructure projects. All these factors could limit its market growth across the forecast period.

Some major findings of LiDAR in mapping market report include:

  • The market growth is attributed to the growing demand for improved urban planning due to the rising urban population and the development of smart cities
  • The increase in the demand for modern surveying techniques for oil & gas field inspection and archaeological surveys to ensure hazard-free operation is proliferating the adoption of LiDAR mapping tools across the Latin America
  • Companies operating in the real-estate sector are increasingly deploying LiDAR mapping technology for ground surveying due to the requirements of high accuracy and precision for the Digital Elevation Model (DEM)
  • Leading players operating in the market are Fugro, Faro Technologies, Topcon, and Leica Geosystems
  • The drone mapping platform is expected to grow at a significant growth rate due to their ability to operate in difficult terrains and extreme weather conditions

LiDAR mapping systems are also gaining traction across countries like India, Japan and China for offering enhanced disaster management solutions. In May 2017, the government of Japan deployed LiDAR mapping systems to evaluate post-disaster damages caused due to Kumamoto earthquake in 2016. This collected data was used for developing strategies to efficiently distribute relief resources during such emergencies. Apart from this, LiDAR in mapping systems are used for geotagging of earthquake sensitive areas and to evaluate the effects of landslides caused by earthquakes.

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Evidently, companies like Faro Technologies, Topcon, Fugro and Leica Geosystems are currently at the forefront of LiDAR in mapping market. They are focusing on launching low-cost LiDAR sensors to target the growing mapping markets across the globe. In fact, recently LeiShen Intelligent Systems introduced its new series of cost-effective LiDAR sensors, which targeted Chinese SMEs. Companies are also rolling out cutting edge LiDAR sensors and adopting business strategies to meet changing customer demands.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1. Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope

1.1.5.   Definitions

1.1.6.   Methodology & forecast parameters

1.2. Data Sources

1.2.1.   Secondary

1.2.1.1.    Paid sources

1.2.1.2.    Public sources

1.2.2.   Primary

Chapter 2.   Executive Summary

2.1. LiDAR in mapping market 360º synopsis, 2015 - 2026

2.1.1.  Business trends

2.1.2.  Regional trends

2.1.3.  Platform trends

2.1.3.1.    Drones trends

2.1.3.2.    Terrestrial trends

2.1.4.  Component trends

2.1.5.  Application trends 

Chapter 3.   LiDAR in Mapping Market Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Industry landscape, 2015 – 2026

3.4. Technological evolution

3.5. Industry ecosystem analysis

3.6. Technology & innovation landscape

3.6.1.   Single photon technology

3.6.2.   Multimodal LiDAR scanning

3.6.3.   High resolution multispectral sensors with color vision

3.7. Regulatory landscape

3.7.1.   North America

3.7.1.1.    U.S.

3.7.1.1.1.   Recreational/Hobbyist rules

3.7.1.1.2.   Commercial rules

3.7.1.2.    Canada

3.7.2.      Europe

3.7.2.1.    CE Marking regulation

3.7.3.      Asia Pacific

3.7.3.1.    National Data Sharing and Accessibility Policy, 2012 (NDSAP-2012)

3.7.4.   Latin America

3.7.4.1.    The Brazilian National Aviation Agency (ANAC)

3.7.4.2.    Mexico Commercial Drone Regulatoins

3.7.5.      MEA

3.7.5.1.    The General Civil Aviation Authority (GCAA)

3.8. Industry impact forces

3.8.1.  Growth drivers

3.8.1.1.    Increase in the demand for surveying and excavation activities

3.8.1.2.    Rising need to prevent disaster & assess post-disaster loss

3.8.1.3.    Supportive Public-Private Partnerships

3.8.1.4.    Growing popularity of LiDAR mapping service providers

3.8.2.  Industry pitfalls & challenges

3.8.2.1.    Huge resource requirement and performance limitation

3.8.2.2.    Requirement of a longer time period for large regions

3.9. Growth potential analysis

3.10.    Porter’s analysis

3.11.    PESTEL analysis

 Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lidar-in-mapping-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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