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LiDAR in Mapping Market will observe substantial demand from 2019 to 2026

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 technology 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.

 

As per a recent research report by Global Market Insights, Inc., LiDAR in Mapping Market is estimated to exceed $4 billion through 2026. It is vital to mention that LiDAR in mapping 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.

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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 technology 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 technology 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).

Increasing emphasis over town planning is anticipated to bolster the significance of LiDAR in mapping technology in the construction & surveying industry. Construction companies are nowadays using LiDAR enabled drones for survey-grade topographic mapping. These drones are capable of operating in difficult terrains and extreme weather conditions. Apart from this, there has been an escalating demand for modern surveying techniques for undertaking archaeological surveys and oil & gas field inspection. Incorporation of such techniques essentially ensures safety to workers.

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Evidently, companies like Faro Technologies, Topcon, Fugro and Leica Geosystems are currently at the forefront of LiDAR in mapping industry. 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.

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.

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.

 Browse key industry insights spread across 290 pages with 320 market data tables and 26 figures & charts from the report, “LiDAR Mapping, Application Development, Competitive Landscape & Forecast, 2020 - 2026” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/lidar-in-mapping-market

About Global Market Insights.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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ABOUT THE AUTHOR


Endowed with a post graduate degree in computer application, Avinash Suryawanshi has been a part of the online content domain for quite a while.  Now, he writes articles for fractovia.org and other online portals. He can be contacted at- avinash.s@gminsights.com

 

 



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