The Airborne LiDAR Market is expected to grow at 16.4% CAGR from 2023 to 2029. It is expected to reach USD 1854.05 million by 2029.
Airborne LiDAR Market Growth in upcoming years
The Airborne LiDAR market is expected to experience substantial growth in the upcoming years. LiDAR (Light Detection and Ranging) is a remote detecting technology that uses laser pulses to measure distances and create 3D representations of objects and surfaces. Airborne LiDAR systems are used in a wide range of applications, including mapping, surveying, and environmental monitoring.
The growth of the market is also driven by the increasing adoption of LiDAR in unmanned aerial vehicles (UAVs) or drones. UAVs equipped with LiDAR sensors can capture high-resolution images and data, which can be used for a range of applications such as infrastructure inspection, disaster management, and precision agriculture.
Asia Pacific (~34%) is estimated to be the fastest-growing market for airborne LiDAR.
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Growing adoption of LiDAR in unmanned aerial vehicles (UAVs): The adoption of LiDAR in UAVs is growing rapidly, as it enables faster and more accurate data collection in a range of applications, such as infrastructure inspection, disaster management, and precision agriculture.
Use of LiDAR in urban planning and smart city initiatives: The use of LiDAR in urban planning and smart city initiatives is increasing, as it can create detailed 3D models of urban areas, which can be used for city planning, transportation management, and environmental monitoring.
Advancements in LiDAR technology: The development of advanced LiDAR sensors and systems is driving the growth of the airborne LiDAR market. For instance, the development of solid-state LiDAR sensors is enabling faster data collection and greater accuracy.
Here are some of the technological advancements in the Airborne LiDAR Market:
The airborne LiDAR market has seen significant technological advancements in recent years, including:
Solid-state LiDAR: Solid-state LiDAR sensors use solid-state components, such as micro-electromechanical systems (MEMS), to generate and receive laser pulses. They offer several advantages over traditional LiDAR sensors, such as smaller size, lower power consumption, and faster data acquisition.
Multi-beam LiDAR: Multi-beam LiDAR systems use multiple laser beams to simultaneously scan an area, enabling faster and more accurate data collection. These systems are particularly useful in applications such as land surveying and mapping, where large areas need to be scanned quickly.
Improved data processing and analysis: Advances in computing power and data processing algorithms have enabled faster and more accurate processing and analysis of LiDAR data. This has led to the development of new applications, such as real-time LiDAR-based obstacle detection and avoidance systems for UAVs.
Some of the notable market players operating in the global Airborne LiDAR Market covered in this report are:
- Airborne Imaging
- Faro Technologies
- Firmatek, Flir Systems
- Leica Geosystems-Part of Hexagon
- Merrick & Company
- RIEGL Laser Measurement Systems GmbH
- Saab Group
- Teledyne Technologies. *The Company List Is Indicative
Here are some recent developments in the airborne LiDAR market:
- Velodyne Lidar’s acquisition of Mapper.ai: In December 2021, Velodyne Lidar, a leading provider of LiDAR sensors and solutions, announced the acquisition of Mapper.ai, a provider of high-resolution 3D mapping and localization technology. The acquisition is expected to enable Velodyne to offer more advanced mapping and localization solutions for autonomous vehicles and other applications.
- Leica Geosystems’ collaboration with Beijing Geo-Vision Technology: In August 2021, Leica Geosystems, a provider of surveying and mapping solutions, announced a collaboration with Beijing Geo-Vision Technology, a Chinese LiDAR manufacturer. The collaboration is expected to enable Leica Geosystems to expand its offerings in the Chinese market.
Browse the full “Airborne LiDAR Market by Type (Topographic, Bathymetric, System, Service), by Solution (System, Services), Platform (Fixed Wing Aircraft, Rotary Wing Aircraft, Uavs) and Region, Global trends and forecast from 2023 to 2029” Report and TOC at https://exactitudeconsultancy.com/reports/12920/airborne-lidar-market/
The Airborne LiDAR Market is segmented By Solution, By Type, and By Platform.
Airborne Lidar Market by Solution, 2022-2029, (USD Million)
Airborne Lidar Market by Type, 2022-2029, (USD Million)
Airborne Lidar Market by Platform, 2022-2029, (USD Million)
- Fixed Wing Aircraft
- Rotary Wing Aircraft
Geographically, the Airborne LiDAR Market is segmented into North America, South America, Europe, APAC and MEA.
- North America: includes the US, Canada, Mexico
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
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North America: North America is the largest market for airborne LiDAR, with the United States being the primary contributor to the region’s growth. The region’s growth is driven by the increasing adoption of LiDAR technology in industries such as construction, mining, and agriculture, as well as the presence of several leading LiDAR technology providers.
Asia Pacific: The Asia Pacific region is expected to see significant growth in the airborne LiDAR market in the coming years, driven by the growing adoption of LiDAR technology in various applications such as land surveying, agriculture, and forestry. Countries such as China, India, and Japan are expected to be major contributors to the region’s growth.
What are the Key Data Covered in this Airborne LiDAR Market Report?
- Market size and growth rate: This refers to the overall size of the airborne LiDAR market in terms of revenue and the projected growth rate over a certain period of time.
- Market segmentation: This refers to how the market is divided into different segments based on various factors such as application, platform, component, and geography.
- Competitive landscape: This refers to the major players operating in the airborne LiDAR market, their market share, and their competitive strategies such as mergers and acquisitions, partnerships, and collaborations.
- Market trends and drivers: This refers to the factors driving the growth of the airborne LiDAR market such as technological advancements, increasing demand for 3D imaging technology, and the growing adoption of LiDAR technology in various industries.
- Market challenges and opportunities: This refers to the challenges faced by the airborne LiDAR market such as high costs and technical complexities, and the opportunities for growth in emerging markets and new applications.
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Core to Cloud Partners with Cybersecurity Innovator SenseOn to Enable Comprehensive NDR and SIEM Security
New strategic arrangement allows organisations to monitor identity, endpoint, network and cloud-based activity to stop threats immediately.
CIRENCESTER, England, March 1, 2024 /PRNewswire/ — Core to Cloud, a leading provider of cybersecurity services and solutions, is excited to announce a strategic alliance with SenseOn, a renowned threat detection management platform. This collaboration will empower businesses to bolster their advanced NDR and SEIM operations and secure end-to-end platforms.
In today’s integrated digital landscape, businesses rely on various systems and third-party suppliers. The launch of SenseOn’s platform marks a significant leap forward in proactive threat detection and response, offering a comprehensive solution to combat sophisticated cyber threats. Organisations can identify, detect and respond to vulnerabilities in traditional blind spots. Core to Cloud’s partnership with SenseOn aims to address these challenges by offering a comprehensive and efficient solution for managing threat detection and response.
James Cunningham, CEO and co-founder of Core to Cloud, said: “We are excited to announce our partnership with SenseOn, allowing Core to Cloud to bring our clients a more robust and complete threat detection and management solution. With an ever-changing digital landscape, our clients must be able to detect and respond to any threats within their cyber estate. This partnership offers an all-encompassing approach to managing these risks.”
One of the critical features of this partnership is that the platform is built upon a foundation of Artificial Intelligence (AI) and Machine Learning (ML) technologies, meticulously designed to evolve alongside cyber threats. Leveraging its unique Deep Learning, SenseOn’s platform analyses vast and complex datasets, providing real-time threat detection, investigation, and autonomous response capabilities. This innovative approach and Core to Cloud’s cybersecurity expertise enables organisations to proactively address potential threats before they escalate, ensuring robust protection against evolving cyber-attacks.
SenseOn’s platform and Core to Cloud’s know-how empower security teams to navigate the complicated threat landscape efficiently. Intelligent automation streamlines incident response, allowing cybersecurity professionals to focus on strategic initiatives rather than routine tasks.
David Atkinson, CEO and Founder of SenseOn, added: “We are excited to announce a pivotal moment in SenseOn’s journey with establishing a strategic channel partnership with Core to Cloud. This collaboration is more than a partnership; it’s an alliance that leverages the strengths of both companies to propel us towards growth. By combining SenseOn’s consolidated threat detection platform with Core to Cloud’s technical and service expertise, we are poised to deliver a new standard in cybersecurity solutions.”
Moreover, Core to Cloud and SenseOn are committed to ongoing collaboration and continuous improvement. As cybersecurity threats evolve, so do the strategies and tools to counter them. This collaboration is not just a one-time solution; it represents an ongoing commitment to enhancing the cybersecurity landscape for businesses of all sizes. Core to Cloud and SenseOn will continue to work together to develop new features, refine existing tools, and provide unparalleled support to our clients.
Core to Cloud’s partnership with SenseOn signifies a major step forward in cybersecurity. By combining expertise, technology, and a shared commitment to excellence, the two companies are paving the way for businesses to navigate the complex digital landscape confidently. Together, they empower businesses to protect their NDR, SEIM and end-to-end platforms.
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Fire Protection System Market worth $97.2 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, March 1, 2024 /PRNewswire/ — The global fire protection system market size is projected to grow from USD 71.6 billion in 2024 to USD 97.2 billion by 2029 at CAGR of 6.3% during the forecast period according to a new report by MarketsandMarkets™. Fire protection systems help prevent fire accidents and damage. These systems reduce the impact of uncontrolled fires, saving lives and property. Fire alarms and detection systems, fire sprinkler systems, and fire suppression systems are among the popular options. Their demand has grown in the last decade, as most countries are committed to safety regulations. These systems are used in many sectors, such as residential, commercial, manufacturing, oil and gas, and energy and power.
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Browse in-depth TOC on “Fire Protection System Market” 194 – Tables72 – Figures284 – Pages
Fire Protection System Market Report Scope:
Market Revenue in 2024
$ 71.6 billion
Estimated Value by 2029
$ 97.2 billion
Poised to grow at a CAGR of 6.3%
Market Size Available for
Value (USD Million/Billion)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
By Fire Suppression, Smoke Detector, Heat Detector, Sprinkler, Service, Vertical and Region
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Addressing ever-evolving regulatory requirements
Key Market Opportunities
Increasing government initiatives to upgrade building codes
Key Market Drivers
Surge in residential and commercial infrastructure development
The market for fire detection is expected to grow at a significant CAGR during the forecast period.
Fire detection is a critical part of any building design. They are available for residential, commercial, and industrial use. Fire detectors and control panels (including smoke, heat, and flame detectors) are essential in fire safety. They are specially used in homes for fire detection. Such systems are permanently installed to detect fires at an early stage and quickly inform the relevant emergency service. Fire detection products, such as flame detectors, smoke detectors, and heat detectors, alert the occupants through alarms and trigger automatic fire extinguishers, such as sprinklers. Successful fire prevention and protection depends on the performance of fire detection products. Thus, they are expected to offer accurate and early fire detection. A rise in new construction projects is generating demand for fire detectors due to various mandates pertaining to the compulsory installation of fire protection systems in new buildings.
The manufacturing segment is expected to gain a substantial market share during the forecast period.
Fires in manufacturing plants can be catastrophic due to the presence of large and critical structures. The manufacturing industry faces numerous fire hazards due to flammable materials, electrical equipment, dust accumulation, confined spaces, and chemical reactions. Fire protection systems are crucial in safeguarding lives, preventing property damage, mitigating environmental impact, and ensuring regulatory compliance. These systems are vital in protecting workers, reducing financial losses, and minimizing the risk of environmental pollution associated with fire incidents. The installation of fire protection systems in manufacturing plants is crucial. These products, such as fire suppressors and fire sprinklers, can extinguish fires and minimize risk, damage, and production downtime.
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European region is expected to hold a substantial share of the global fire protection market during the forecast period.
The European market consists of countries, such as Germany, the UK, France, and the Rest of Europe. The European fire protection system industry is well developed due to government regulations to safeguard building occupants from fire accidents by installing fire safety systems. Governments have collectively or independently developed fire prevention and protection guidelines. Fire accidents have reiterated that the need to set up fire protection systems has increased, fueling market growth. European countries are home to wireless fire detection system manufacturers. Moreover, the evolution of wireless technologies has driven the fire protection system market in this region. Stringent government mandates for installing smoke detectors and alarms in households have also been introduced in the UK, France, and Germany.
The key players in the fire protection system companies include Carrier (US), Honeywell International Inc. (US), Johnson Controls (Ireland), Robert Bosch GmbH (Germany), Siemens (Germany), and others.
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HUMAN CAPABILITY INITIATIVE CONCLUDES IN RIYADH, MARKING THE BIGGEST-EVER GLOBAL CONFERENCE IN UNITING THE WORLD TO ADVANCE HUMAN CAPABILITY
RIYADH, Saudi Arabia, March 1, 2024 /PRNewswire/ — The Human Capability Initiative (HCI) concluded today in Riyadh, Saudi Arabia, bringing in a new era in global collaboration for human capability development. HCI was held under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Human Capability Development Program (HCDP) Committee.
This groundbreaking forum gathering over 10,000 registered participants from more than 100 countries has set a precedent for international efforts in harnessing human potential, culminating in over 50 strategic partnerships and launches. These collaborations, spanning diverse sectors from education to artificial intelligence, mark significant strides toward global human capability enhancement.
Notable announcements include the Saudi Ministry of Education’s educational visa program set to make Saudi Arabia a global learning hub for over 132,000 international students, researchers, and professors, aligning with the Kingdom’s Vision 2030 aspirations to attract and retain worldwide talent.
The Saudi Ministry of Education will also contribute to revolutionizing education in lower-income countries by officially joining the Global Partnership for Education (GPE) with a substantial $38 million contribution to equip young generations with the necessary skills for jobs of the future.
As the Kingdom prioritizes the future readiness of Saudi students across all disciplines, the Saudi Ministry of Education has unveiled plans to elevate its Curriculum Development Center into a national autonomous entity under the direct supervision of the Minister of Education. This revamped Center will focus on strategic curriculum planning and development aligned with international best practices and emerging global trends, preparing future generations for success in an ever-evolving world.
Further adding to the successes HCI has brought, groundbreaking education partnerships were struck between Saudi Arabia and some of the world’s biggest sector leaders including Porsche, Hyundai, LinkedIn, and IE University, leveraging the power of international collaboration to accelerate human capability development at home and abroad.
These initiatives, alongside others announced during the event, underscore HCI’s role as an enabling platform for impactful collaboration and a necessary catalyst for future-ready human capability development across the globe.
The conference featured a robust agenda, with over 100 insightful sessions led by global and local luminaries in government, industry, and academia including thoughtful future-facing discussions featuring Ministers of Education from around the world. Discussions spanned crucial topics such as the sustainability skill gap, job automation by AI, and the future of education and workforce adaptability, emphasizing the central role of human potential in addressing contemporary global challenges.
The CEO of HCDP, Engineer Anas AlMudaifer, commented: “HCI has inspired collaboration among the brightest minds in the world to future-proof people. Thought provoking ideas shared at HCI have and the thought-provoking ideas shared, and impact-driven partnerships forged today have reaffirmed that commitment. Unlocking the full potential of humanity requires global collaboration, and Saudi Arabia, as a global convenor, is sparking dynamic dialogue through HCI. The huge success of HCI has energized the world of human capability development, serving as an inspirational platform for more knowledge and collaborations to come, and more importantly, demonstrated that together, we can truly unlock the full potential of our societies.”
Saudi Arabia is undergoing a profound transformation under Vision 2030 that aims to create opportunities for citizens, open the Kingdom to the world and diversify its economy. At the heart of Vision 2030 lies the people, who embody the ambition of Saudi transformation. This belief in people is the aspiration behind the hosting of Human Capability Initiative, sparking actions among changemakers in governments, private sector and non-profit organizations globally to invest in the most valuable resource of our society – the people.
Contact: Tariq Al Qwaifel, +966 56 466 6669, [email protected]
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