
U.S. Airborne LiDAR Market Report, published by Allied Market Research, forecasts that the American market is expected to garner $135 million by 2022, registering a CAGR of 12.1% from 2016-2022. U.S. represents more than 80% share of the overall aerial LiDAR system market in North America. 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 in U.S. 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. Fueled by the high demand for accurate and high-resolution 3D images of the tracked object, these aerial vehicles are most widely used in defense & aerospace, civil engineering, forestry & agriculture, transportation & logistics among other domains.