LiDAR Drones Market Poised to Surpass $1.9 Billion by 2030

[Redding, California, February 23, 2024] - Meticulous Research®, a premier global market research company, has announced the publication of its latest report titled, "LiDAR Drones Market by Survey (Topographic LiDAR, Bathymetric LiDAR), Type (Wing Drones, Rotary Drones), Range (Tactical, Medium, Long), End User (Agriculture, Construction, Power & Utilities, Mining), End User and Geography - Global Forecast to 2030."

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According to the findings of this meticulously crafted report, the LiDAR drones market is projected to achieve a valuation of $1.9 billion by 2030, exhibiting a notable Compound Annual Growth Rate (CAGR) of 17.6% during the forecast period spanning from 2023 to 2030. This growth trajectory is attributed to the expanding application of LiDAR drones across various sectors such as land surveying, construction site monitoring, and environmental monitoring. Additionally, the increasing demand for precise 3D mapping and models, coupled with the burgeoning agricultural drone applications, further drives market growth. Moreover, the rising utilization of LiDAR for environmental initiatives and the advent of 4D LiDAR sensors are anticipated to unlock significant growth opportunities within the market.

However, challenges such as the high cost of LiDAR drones and their limitations in adverse weather conditions, including heavy rain, snow, and fog, pose potential obstacles to market expansion.

The global LiDAR drones market is meticulously segmented based on survey method, type, range, end user, and geography, enabling a comprehensive analysis of industry dynamics. The report also offers a thorough assessment of industry competitors and provides insights into regional and country-level market trends.

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Key Market Segments:
Based on survey method, the global LiDAR drones market is segmented into topographic LiDAR and bathymetric LiDAR. The bathymetric LiDAR is projected to register the highest CAGR during the forecast period. This specialized form of LiDAR is extensively utilized for measuring water body depths and creating high-resolution underwater topography maps, particularly benefiting marine activities such as dredging, reclamation, and offshore drilling.

Based on type, the global LiDAR drones market is segmented into wing and rotary drones. The wing drones segment is projected to register the highest CAGR during the forecast period due to its stability in windy environments. Additionally, wing drones segment anticipated to register the highest CAGR owing to their stability in windy environments and ability to efficiently survey large surfaces in shorter durations, providing quality images suitable for professional and technical purposes.

Based on range, the global LiDAR drones market is segmented into tactical range (up to 130 m), medium range (130m-230 m) and long-range (more than 230m). The long-range (more than 230 m) is projected to register the highest CAGR during the forecast period. Long-range LiDAR drones offer fast and efficient scanning capabilities across large areas, making them ideal for applications such as land surveying, infrastructure inspection, and disaster response.

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Based on end-use industry, the global LiDAR drones market is segmented into agriculture, archaeology, construction, power & utilities, mining, oil & gas, forestry, and other end users. LiDAR drones play a crucial role in creating detailed 3D maps of construction sites, aiding in accurate planning, hazard identification, and regulatory compliance while saving costs.

Based on geography, the global LiDAR drones market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register the highest CAGR during the forecast period owing to the growing adoption of LiDAR drones in several industries, such as construction, environment, and exploration. The region's burgeoning adoption of LiDAR drones across industries such as construction, environment, and exploration is expected to drive market growth, despite regulatory and safety challenges.

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Key Players:
Leading companies profiled in the global LiDAR drones market study include Ouster, Inc., Teledyne Geospatial, RIEGL Laser Measurement Systems GmbH, Phoenix LiDAR Systems, YELLOWSCAN, SICK AG, DELAIR SAS, UMS SKELiDAR, mdGroup Germany GmbH, draganFLY INC, Geodetic Systems, Inc., Cepton, Inc., PrecisionHawk, Inc., SureStar, and SZ DJI Technology Co., Ltd.

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This release was published on openPR.