LIDAR Drone Market’s Development Hinges on Government Support, Rising Demand for Corridor Mapping Drives Market

Transparency Market Research (TMR) has announced a new report studying the global LIDAR drone market. The report studies the historical performance of the market and presents a detailed overview of the past trajectory of the market in order to present actionable insights into the potential trajectory of the market in the 2016-2023 forecast period. The report is titled “LiDAR Drone Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023.”

The global LIDAR drone market has been driven in recent years by the support shown by various governments and research institutions. LIDAR drones are equipped with advanced video and mapping technology, enabling their large-scale use in applications such as surveillance and mapping, archaeology, construction, and precision farming. The compact size and durable nature of LIDAR drones means that valuable human efforts can be avoided and various operations can be controlled remotely and thus carried out safely.

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The increasing use of high-wavelength laser scanners in LIDAR drones is another major driver for the global market. Laser scanners allow the end users to produce detailed 3D images, which is particularly useful in urban development and infrastructure expansion applications. The increasing demand for extensive corridor mapping has thus emerged as a key driver for the global LIDAR drones market.

By product type, rotary wing LIDAR drones are expected to exhibit a higher CAGR than fixed wing drones in the forecast period. This is due to the cheaper prices and higher maneuverability of rotary wing LIDAR drones. Rotary wing LIDAR drones can hover in the air like helicopters, which makes them highly useful in supervision and inspection operations. Aerial photography is also becoming an important application segment of the global LIDAR drones market.

On the flip side, the lack of skilled drone pilots is a major restraint on the global LIDAR drones market. This will be overcome with the increasing demand for drones in various applications and thus is not expected to hold the global LIDAR drones market back significantly in the coming years.

Regionally, Asia Pacific emerged as the most promising segment of the global LIDAR drones market. The demand for LIDAR drones from Asia Pacific is driven by the increasing government support in progressive economies such as China, Japan, and South Korea. The booming construction industry in these countries and the rapid transportation infrastructure development in China and India are the other major drivers of the Asia Pacific LIDAR drones market.

The report also examines the competitive landscape of the global LIDAR drones market by studying the market operations of major players such as Phoenix Aerial Systems, Leica Geosystems AG, and Velodyne LIDAR Inc. The detailed information about the competitive dynamics of the global LIDAR drone market given in the report will allow readers to formulate strategies to exploit the expected trajectory of the market in the coming years.

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This release was published on openPR.