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Light Detection And Ranging (LiDAR) Drone Global Market Set to Skyrocket to $0.65 Billion By 2032 with an Impressive CAGR 24.8%
Light Detection And Ranging (LiDAR) Drone Market
As per the report, the light detection and ranging (LiDAR) drone market size has grown exponentially in recent years. It will grow from $0.21 billion in 2023 to $0.27 billion in 2024 at a compound annual growth rate (CAGR) of 24.9%. The light detection and ranging (LiDAR) drone market size is expected to see exponential growth in the next few years. It will grow to $0.65 billion in 2028 at a compound annual growth rate (CAGR) of 24.8%.
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Growing Commercial Drone Operations Impacting The Lidar Drones Market
The growing usage of drones for commercial purposes is expected to propel the light detection and ranging (LiDAR) drone market going forward. Commercial usage of drones encompasses the deployment of unmanned aerial vehicles (UAVs) across diverse industries and sectors, leveraging their capabilities for efficient, safe, and cost-effective task execution compared to traditional methods. LiDAR drones are increasingly utilized for commercial purposes due to their ability to efficiently capture high-resolution elevation data for various industries such as agriculture, forestry, construction, and environmental monitoring. For instance, in May 2023, according to the UK drone survey consisting of 2,000 adults conducted by the Civil Aviation Authority (CAA), a UK-based government authority that oversees aviation activities to ensure safety and regulatory compliance, drone users across the UK increased to 5% in 2023 compared to 3% in 2021. Commercial deliveries using drones are expected to grow by 30% in 10 years, compared to 13% in 5 years. Moreover, filming and media drone users are expected to grow from 42% in 2022 to 46% in 2023. Therefore, the growing usage of drones for commercial purposes is driving the growth of the light detection and ranging (LiDAR) drone market.
Advancements In LiDAR Drone Technology Reshape Aerial Surveying Landscape
Major companies operating in the light detection and ranging (LiDAR) drone market are increasing their focus on technological developments, such as the Airborne Topo-Bathymetric (ATB) system, to enhance drone technology and gain a competitive edge in the market. These systems offer a comprehensive solution for capturing detailed elevation data across both terrestrial and underwater environments, making them invaluable tools for various applications in geospatial analysis and environmental management. For instance, in June 2022, Phoenix LiDAR System, a US-based provider of LiDAR solutions for ADAS and autonomous mobility, launched the HydroRANGER, a dual-purpose topographic and bathymetric LiDAR system. This system is capable of providing high-resolution topo-bathymetric mapping for various applications, including navigation, ocean science, and the mapping of shoreline systems. It utilizes a visible green-spectrum laser with an elliptical scan pattern and measurement rates up to 200 kHz, offering a combination of high spatial resolution and accuracy.
The light detection and ranging (LiDAR) drone market covered in this report is segmented -
1) By Product: Fixed Wing Drone, Rotary Wing Drone
2) By LiDAR Type: Topographic, Bathymetric
3) By Range: Short, Medium, Long
4) By Application: Mapping And Cartography, Surveillance, Environment, Exploration And Detection, Precision Agriculture, Other Applications
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Major companies operating in the light detection and ranging (LiDAR) drone market are Trimble Navigation Ltd., Sick AG, Topcon Positioning Systems Inc., Leica Geosystems AG, FARO Technologies Inc., MicroDrones GmbH, UMS Skeldar, Teledyne Optech, Velodyne LiDAR Inc., 3D Robotics Inc., Routescene Ltd., NexCore Group, Benewake Co. Ltd., Delair SAS, GreenValley International, YellowScan Inc., Geodetics Inc., Phoenix LiDAR Systems, LiDARUSA, OnyxScan, SABRE Advanced 3D Surveying Systems, Cepton Technologies Inc., Hoverfly Technologies Inc., Riegl Measurement System, SZ DJI Technology company Ltd., Beijing SureStar Technology Co. Ltd.
Contents of the report:
1. Executive Summary
2. Light Detection And Ranging (LiDAR) Drone Market Report Structure
3. Light Detection And Ranging (LiDAR) Drone Market Trends And Strategies
4. Light Detection And Ranging (LiDAR) Drone Market - Macro Economic Scenario
5. Light Detection And Ranging (LiDAR) Drone Market Size And Growth
…..
27. Light Detection And Ranging (LiDAR) Drone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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