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Future of the Light Detection And Ranging (LiDAR) Drone Market: Trends, Innovations, and Key Forecasts Through 2034
Light Detection And Ranging LiDAR Drone Market Size
Light Detection And Ranging (LiDAR) Drone Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a surge in the growth of the light detection and ranging (LiDAR) drone market. The market is set to elevate from $0.27 billion in 2024, expanding to $0.34 billion in 2025, representing a compound annual growth rate (CAGR) of 25.0%. Factors such as decreasing costs and enhanced accessibility, better data precision and resolution, policy support and consolidation, the industry's adoption and application scenarios, demand for remote sensing tech, competitive market dynamics, and broadening market capacity have been key drivers of growth during the historic period.
How Will the Light Detection And Ranging (LiDAR) Drone Market Size Evolve and Grow by 2029?
The market for light detection and ranging (LiDAR) drones is projected to witness a significant increase in the forthcoming years, specifically, reaching a valuation of $0.81 billion by 2029 at a protracted compound yearly growth rate of 24.8%. This surge in the specified timeline could be due to the rising need for autonomous resolutions, broadening into new sectors and functionalities, environment and climate conservation efforts, cooperative alliances and ecosystem enhancement, governmental funding and infrastructure programs, as well as market unification and standardization. The upcoming period is likely to see a trend of adopting lightweight lidar sensors, expansion into the agricultural and forestry sectors, combination with other sensory systems, the creation of sophisticated processing algorithms, integration with self-operating flight mechanisms, the extended service provision for infrastructure examination, technological advancements, and collaborations between manufacturing entities and original equipment manufacturers (OEMs).
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What Drivers Are Propelling the Growth of Light Detection And Ranging (LiDAR) Drone Market Forward?
The escalating demand for drones in commercial sectors is predicted to stimulate the LiDAR drone market's expansion. This commercial usage entails employing unmanned aerial vehicles (UAVs) across a wide variety of industries, taking advantage of their potential for effective, secure, and cost-efficient performance, in contrast to traditional methods. Due to their capacity to swiftly gather high-definition altitude data for multiple sectors, such as agriculture, forestry, construction, and environmental surveillance, LiDAR drones are witnessing increased commercial utilisation. For example, in May 2023, a survey by the Civil Aviation Authority (CAA), a UK governing body that monitors aviation activities to ensure safety and regulatory adherence, demonstrated that drone usage in the UK rose to 5% in 2023, up from 3% in 2021. Within the next decade, commercial deliveries via drones are expected to rise by 30%, contrasting with a 13% increase within five years. Furthermore, users of filming and media drones are anticipated to rise from 42% in 2022 to 46% in 2023. Consequently, the escalating utilisation of drones for commercial applications is fuelling the expansion of the LiDAR drone market.
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Which Emerging Trends Are Transforming the Light Detection And Ranging (LiDAR) Drone Market in 2025?
Leading businesses in the LiDAR drone marketplace are concentrating their efforts on technology advancements such as the Airborne Topo-Bathymetric (ATB) system. This aims to improve drone technology and elevate their competitive position in the market. ATB systems are implemented for accurately capturing elevation data across both land and sea environments, proving indispensable for numerous applications in geospatial analysis and environmental management. To illustrate, in June 2022, Phoenix LiDAR System, an American firm specializing in LiDAR solutions for ADAS and autonomous mobility, unveiled the HydroRANGER. This dual-purpose topographic and bathymetric LiDAR system can deliver high-resolution topo-bathymetric maps for a range of applications, such as navigation, oceanography, and shoreline system mapping. The system uses a green-spectrum laser capable of an elliptical scanning pattern and measurement rates of up to 200 kHz, ensuring high spatial resolution and precision.
What Are the Key Segments in the Light Detection And Ranging (LiDAR) Drone Market?
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
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Who Are the Key Players Shaping the Light Detection And Ranging (LiDAR) Drone Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Light Detection And Ranging (LiDAR) Drone Market?
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.
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