Market Trends of Middle East and Africa LiDAR Industry
This section covers the major market trends shaping the MEA LIDAR Market according to our research experts:
The Growing Usage of Drones will drive the Growth of this Market
- The demand for LiDAR-based drones is growing rapidly owing to its extensive use in the surveying industry, as they are overcoming the limitations of conventional photogrammetry. LiDAR drones have proved that they can help to create these efficiencies, and it’s an advantage that technology provides surveyors with more options related to how they process.
- In addition to UAVs with LiDAR, Drone-based LiDAR is also observed to make more impact than ground-based LiDAR, significantly to optimize the archaeological investigation and survey process while in the mine planning stage. It is because of the cost-effectiveness and less-time consuming advantages that the drones offer in collecting landscape data when having to conduct mining inspection across large spatial areas with abundant vegetation and tree coverage.
- The LiDAR-based drones are also used in the transportation industry within this region. For instance, The Dubai Future Foundation, in conjunction with Dubai’s Roads and Transport Authority, launched the Dubai Autonomous Transportation Strategy. The strategy aims to transform 25% of the total transportation in Dubai to autonomous mode by 2030.
- Many innovations for the LiDAR-based drones are also increasing its usage in the mining industry, owing to its higher reliability and stability. For instance, Terra Drone announced its corporation with Sibanye Stillwater by providing a demonstration of its LiDAR drones. According to Terra Drone, this partnership will not only increase the overall efficiency in the mining process but also can offer a cost-effective solution to its customers.
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Oil and Gas Industry will Hold the Largest Market Share within this Region
- The oil and gas industry in this region is growing rapidly owing to the considerable growth of oil and gas industries within this region. The LiDAR sensors are used as an exploration tool is new to the oil industry. Moreover, LiDAR data addresses many needs within the exploration community. From accurate solutions within severe terrain and canopied areas for exploration programs to road access and pipeline design for developmental areas. Hence this wide use of LiDAR creates a massive demand for it in the Oil and Gas industries.
- Majorly in the mining and oil and gas sector, LiDAR technology is allowing scientists and mapping professionals to examine natural and built environments across a wide range of scales, with greater accuracy, precision, and flexibility than its previous scenario.
- Various new refinery projects, like the Kuwait National Petroleum Company (KNPC) in Kuwait, and the upgradation of the Bahrain airport in Bahrain, are some of the important projects that result in the increased demand for LiDAR technology.
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