Press release
Light Detection And Ranging (LiDAR) Drone Market Set to Reach $0.81 Billion by 2029 with 24.8% Yearly Growth
Light Detection And Ranging (LiDAR) Drone Market
The escalating employment of drones for commercial objectives is set to drive the growth of the LiDAR drone market. Commercial drone usage involves deploying unmanned aerial vehicles (UAVs) across a range of industries and sectors, taking advantage of their potential for effective, secure, and cost-beneficial task completion compared to conventional methodologies. Because of their proficiency in acquiring high-definition elevation data, LiDAR drones are increasingly being employed for commercial activities in numerous fields like agriculture, forestry, construction, and environmental surveillance. In May 2023, a UK drone survey conducted by the Civil Aviation Authority (CAA), a UK government entity supervising aviation operations for safety and regulatory adherence, found that drone usage in the UK increased to 5% in 2023, up from 3% in 2021, according to a sample of 2,000 adults. Commercial deliveries via drones are predicted to see a 30% rise in 10 years, as opposed to a 13% increment in 5 years. Furthermore, users of drones in the filming and media sector are projected to increase from 42% in 2022 to 46% in 2023. Hence, the accelerated use of drones for commercial applications is fostering the expansion of the LiDAR drone market.
Get Your Light Detection And Ranging (LiDAR) Drone Market Report Here:
https://www.thebusinessresearchcompany.com/report/light-detection-and-ranging-lidar-drone-global-market-report
What is the future CAGR of the light detection and ranging (lidar) drone market, and how will it impact industry expansion?
In recent times, there has been a significant expansion in the market size of the light detection and ranging (LiDAR) drone. The market, which stands at $0.27 billion in 2024, is projected to increase to $0.34 billion in 2025, boasting a compound annual growth rate (CAGR) of 25.0%. This notable growth in the previous period can be credited to several factors including lowered costs and increased accessibility, enhanced data precision and resolution, regulatory support and integration, increased industry acceptance and utilization, a rise in demand for remote sensing technologies, and a competitive market landscape leading to market growth.
Expectations point towards a significant expansion in the LiDAR drone market in the upcoming years, with the projected market size set to reach $0.81 billion by 2029, at a compound annual growth rate (CAGR) of 24.8%. Factors contributing to this forecasted growth include the rising demand for automated solutions, progression into new sectors and uses, mitigation of environmental and climate change, cooperative partnerships and ecosystem development, government-backed investments and infrastructure projects, and standardization and consolidation of the market. Trend forecasts include the uptake of lightweight LiDAR sensors, growth in agriculture and forestry sectors, compatibility with other sensor types, advancement of processing algorithms, integration of autonomous flight systems, expansion of infrastructure inspection services, technological innovations, and the collaboration between manufacturing companies and original equipment manufacturers (OEMs).
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14412&type=smp
What are the most significant trends transforming the light detection and ranging (lidar) drone market today?
Leading entities in the LiDAR drone market like Phoenix LiDAR System are emphasizing technological advancements such as the Airborne Topo-Bathymetric (ATB) system to boost their market standing. These systems provide a wide-ranging solution for capturing in-depth elevation data in terrestrial and aquatic settings, making them vital resources for operations in geospatial analysis and environmental control. In a recent development in June 2022, Phoenix LiDAR System, an American company specializing in LiDAR solutions for ADAS and autonomous mobility, introduced the HydroRANGER, a multi-purpose topographic and bathymetric LiDAR system. The system can deliver high-definition topo-bathymetric mapping suitable for activities like navigation, oceanic research, and shoreline system mapping. It uses a visible green-spectrum laser and features an elliptical scan pattern and measurement rates maxing out at 200 kHz, offering great spatial resolution and precision.
Which key market segments comprise the light detection and ranging (lidar) drone market and drive its revenue growth?
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
Subsegments:
1) By Fixed Wing Drone: Fixed Wing Drone, Small Fixed Wing Drones, Medium Fixed Wing Drones, Large Fixed Wing Drones, Hybrid Fixed Wing Drones (Vertical Takeoff And Landing)
2) By Rotary Wing Drone: Rotary Wing Drone, Single Rotor Drones, Multi-Rotor Drones (Quadcopters, Hexacopters, Octocopters), Coaxial Rotor Drones, Hybrid Rotary Wing Drones
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14412
What regions are at the forefront of light detection and ranging (lidar) drone market expansion?
North America was the largest region in the light detection and ranging (LiDAR) drone market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the light detection and ranging (LiDAR) drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the light detection and ranging (lidar) drone market?
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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=14412&type=smp
What Is Covered In The Light Detection And Ranging (LiDAR) Drone Global Market Report?
•Market Size Forecast: Examine the light detection and ranging (lidar) drone market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the light detection and ranging (lidar) drone market for a structured understanding.
•Key Players Overview: Analyze major players in the light detection and ranging (lidar) drone market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the light detection and ranging (lidar) drone market.
•Segment Contributions: Evaluate how different segments drive overall growth in the light detection and ranging (lidar) drone market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the light detection and ranging (lidar) drone market.
•Industry Challenges: Identify potential risks and obstacles affecting the light detection and ranging (lidar) drone market.
•Competitive Landscape: Review strategic developments in the light detection and ranging (lidar) drone market, including expansions, agreements, and new product launches.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Light Detection And Ranging (LiDAR) Drone Market Set to Reach $0.81 Billion by 2029 with 24.8% Yearly Growth here
News-ID: 3920054 • Views: …
More Releases from The Business research company
Competitive Analysis: Leading Companies and New Entrants in the Wire Arc Additiv …
The wire arc additive manufacturing cell market is rapidly gaining traction as industries increasingly embrace advanced metal 3D printing technologies. With significant investments and technological breakthroughs, this sector is set to experience remarkable growth, transforming manufacturing processes across multiple fields. Let's explore the market's size, influential players, key trends, and segmentation to understand its future trajectory.
Projected Expansion of the Wire Arc Additive Manufacturing Cell Market
The wire arc additive manufacturing cell…
Future Perspectives: Key Trends Shaping the Viscosupplementation Treatment for A …
The viscosupplementation treatment for arthritis market is on the verge of significant expansion, driven by advances in medical technology and a growing demand for effective arthritis therapies. With increasing awareness around early intervention and new treatment options, this sector is poised for rapid development over the coming years. Let's explore the market size, key players, emerging trends, and segment-wise forecasts that define this growing industry.
Projected Market Growth and Size of…
Segmentation, Major Trends, and Competitive Overview of the Viral Vector Develop …
The viral vector development service market is set to experience substantial growth in the coming years, driven by technological progress and increasing demand from various sectors. As gene therapies and advanced treatments gain prominence, the need for efficient viral vector production and development is becoming more critical. Let's explore the market size projections, key players, emerging trends, and the segment structure shaping this industry's future.
Projected Expansion and Market Size of…
Competitive Landscape: Leading Companies and New Entrants in the Transient Elast …
The transient elastography market is poised for substantial expansion as advancements in healthcare diagnostics continue to evolve. Increasing emphasis on non-invasive techniques and early disease detection is driving widespread adoption, setting the stage for strong market growth in the coming years. Let's explore the current market valuation, leading players, emerging innovations, and key segments shaping this industry.
Projected Market Value and Growth of the Transient Elastography Market
The transient elastography market is…
More Releases for LiDAR
LiDAR Market Report 2024 - LiDAR Market Demand, Growth, And Segments
"The Business Research Company recently released a comprehensive report on the Global LiDAR Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
Automotive LiDAR Market Is Booming Worldwide | Benewake, Garmin, Velodyne Lidar
The "Automotive LiDAR Market" intelligence report, just published by USD Analytics Market, covers a micro-level study of important market niches, product offers, and sales channels. to determine market size, potential, growth trends, and competitive environment, the Automotive LiDAR Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured…
LiDAR drone: Illuminating Landscapes through LiDAR-enabled Aerial Mapping
The aerial remote sensing defends critical infrastructure such as airports, banks, government buildings, and military bases among others. The fixed-wing type of drones offer prompt, unfailing, and efficient services to police and military forces since they need to be ready to react to any case quickly and make quick and relevant information. This type of drone is lucrative option compared to manhours and help to make certain public safety during…
LiDAR Technology Market May See a Big Move | Trimble, Velodyne Lidar, YellowScan
Latest Study on Industrial Growth of Global LiDAR Technology Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the LiDAR Technology market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and…
LiDAR Drones Market Astonishing Growth with Top Influencing Key Players like Vel …
The LiDAR drones market was valued at USD 74.96 million in 2020, and is projected to reach a value of USD 525.86 million by 2026, recording a CAGR of 38.19% over the forecast period (2021 - 2026).
Latest research on LiDAR Drones Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported…
LiDAR Drones Market 2021 Strategic Assessment- Velodyne LiDAR Inc., Phoenix LiDA …
Global LiDAR Drones Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In 2019, the LiDAR drones market was valued at USD 38.16 million, and is projected to reach a value of USD…
