- Cary and Associates of Longmont, CO. has just issued a detailed report on the global airborne LIDAR market.
- The report analyzes the market from 2005 to 2008, finding demand growing faster than supply.
- Growth for software and services should continue in the the 11 to 20% range into 2012.
For the strategic planners and business development types, Cary and Associates of Longmont, CO has just issued a detailed business analysis of the global LIDAR market. Starting with a 2005 study by TMS International as the baseline, Cary and Associates used a combination of online surveys, targeted questionnaires, Internet research and telephone interviews to analyze the market growth since 2005, and to predict where the market is likely to go over the next few years.
The report reveals that during the 2005 – 2008 period the number of airborne LIDAR data collection systems grew by 64%, but the number of users doubled, resulting in demand growing faster than supply. The top 3 uses of the data were identified as topographic mapping, flood risk assessments and watershed analysis. One area of note was that 42% of those surveyed reported that they were doing their own data processing. In the 2005 report all post processing was being done by the data acquisition firm. Software firms take note.
Looking out to 2012, the report predicts that the sales of software and data processing services are most likely to grow in the 11 to 20% range and that hardware costs have an equal chance of coming down as remaining flat. Western Europe seems to be the one area where growth is supposed to be slower than the rest of the world, but in general the future for the aerial LIDAR market looks bright.
Thanks to Tina Cary for leading this important market research effort. The report is available at her website.