34.85% CAGR growth by 2023 in LiDAR Drone Market| Top Players - Velodyne LiDAR, Phoenix Aerial Systems, Faro Technology, Leica Geosystems AG, Trimble Navigation Limited, Sick AG, and Optech, Inc., amongst others

Market Analysis:

North America to Dominate the Market
LiDAR Drone has application in farming which has increased, reflecting greatly on the North American market. Moreover, North America is expected to continue its dominance in the LiDAR drone market, owing to rising investments in innovations in the defense sector.

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The increasing use of drones, across various applications, such as aerospace & defense, agriculture & forestry, and natural resources management, among others, is expected to propel the industry’s growth. Moreover, technological advancements with regards to drones, and the rising need for surveillance are further driving the market growth. However, high costs associated with LiDAR drones are restricting their adoption. Huge leaps in the drone innovation and technology, there has been a big move from the high-cost fixed wing aircraft to the low-cost and more efficient UAV LiDAR drones. The outputs from these UAV LiDAR sensors is outstanding and are expected to keep on improving as more manufacturers penetrate this sector. The corridor mapping application accounted for the largest market share.

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Market Segments:
LiDAR Drone Market is segmented by:
1. Product: Aerial LiDAR, Ground-based LiDAR
2. Component: GPS, Laser Scanners, Inertial Measurement Units, Others
3. End-user Industry: Engineering, Automotive, Mining, Oil & Gas, Forestry, Aerospace and Defense, Corridor Mapping & Topographical Survey, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in The Market
• October 2017 - Velodyne LiDAR Inc., a developer of 3D vision systems for autonomous vehicles, partnered with YellowScan, in order to integrate its VLP-16 Puck and VLP-16 Puck LITE LiDAR sensors into YellowScan’s Surveyor for a turn-key and reliable LiDAR system for UAV applications.
• May 2017 - senseFly released senseFly Corridor, a new platform enhancement that simplifies the drone mapping of linear infrastructure and sites.

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