Global LiDAR Drone Market Size/Share Envisaged to Reach US $2,286.09 Million By 2032, Registering 27.6% CAGR: Polaris Market Research
[115+ Pages Research Study] According to Polaris Market Research, the global LiDAR drone market Size & share was valued at USD 200.82 Million in 2022 and is predicted to increase at a CAGR of 27.6%, to reach USD 2,286.09 Million by 2032. LiDAR Drone Market is expected to grow at the fastest rate over the forecast period owing to wider applications of LiDAR drones in various applications and increasing technological advancements in the drone industry in the last few years. Some of the key players covered are Velodyne Lidar, Inc., Inc., Phoenix LiDAR Systems, YELLOWSCAN, Teledyne Technologies Incorporated, RIEGL Laser Measurement Systems GmbH and others.
New York, NY, March 14, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “LiDAR Drone Market Share, Size, Trends, Industry Analysis Report, By Type (Fixed-Wing, Rotary-Wing); By Range; By Component; By Application (; By Regions; Segment Forecast, 2023 - 2032” in its research database.
“According to the latest research study, the global LiDAR drone market size/share is anticipated to be valued at approximately USD 200.82 Million in 2022 and is projected to hit a revenue of around USD 2,286.09 Million by 2032, at a CAGR of around 27.6% between 2023 and 2032.”
What are LiDAR Drones? How Big is LiDAR Drone Market Size & Share?
Overview
LiDAR drones are drones made to carry a LiDAR sensor. They are used to collect data that can be used to make detailed 3D models for a variety of applications and industries. The rapidly rising demand for the LiDAR drone market can be attributed to its efficacy in investigating the cause of a late-night automobile accident and mapping an eroded shoreline, and LiDAR sensors can help provide some of the most accurate and high-resolution 3D models available.
The US military is investing significantly in unmanned aerial vehicles to ensure that there are no foreign threats. In recent years drones have become an important part of government agencies because they are so useful in places where a person can’t go or can’t do the job well. Additionally, technological advancements in the drone market and the rising need for surveillance are anticipated to further drive market growth.
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2032 Updated Report Introduction, Overview, and In-depth industry analysis.
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2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
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Detailed industry outlook
Additional information on company players
Customized report and analyst support on request
Recent market developments and its futuristic growth opportunities
Customized regional/country reports as per request
Key data covered in the market report
This report provides a quantitative analysis of the market segments, current trends, estimation, and dynamics of the market to identify opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions.
An in-depth analysis of market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Some of the Top Market Players Are:
Velodyne Lidar Inc.
Phoenix LiDAR Systems
YELLOWSCAN
Teledyne Technologies Incorporated
RIEGL Laser Measurement Systems GmbH
LiDARUSA
DJI
Delair
Leica Geosystems AG
SICK AG
Benewake (Beijing) Co. Ltd.
RoboSense
MICRODRONES
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Key factors driving market growth
The growing popularity of non-metric digital cameras with wings to push the market
The growing popularity of non-metric digital cameras equipped with fixed-wing and rotary-wing UAVs in the photogrammetric system industry is expected to boost the market. The LiDAR drone market size is expanding as technology is most commonly linked with airborne laser scanning. Over the past few years, innovation and drone technology have seen rapid progress. This type of drone has increased as a result of advances in sensor and laser components and lasers and drone cameras. Construction, vegetation monitoring, mapping, forestry, geography, archaeology, seismology, and precision farming are just a few of the essential uses.
Corridor mapping technology has emerged as a popular way for gathering precise data in dense landscapes and mountainous terrains. LiDAR drone market sales are soaring as remote sensing technology is similar to radar technology. Experts and engineers frequently use this technology to create a three-dimensional model of motorways, breakwaters, shoreline structures, trains, roadways, bridges, and buildings.
Recent trends influencing the market
Growth in investment in smart city projects to drive the market
Factors such as the rise in the adoption of LiDAR drones for mining applications, growth in investment in smart city projects, and expansion in application in civil and defense engineering are the major drivers for the market. Factors such as the rise in the adoption of aerial data collection tools for environmental purposes and higher investment in the drone industry create lucrative opportunities.
These drones also help surveyors and engineers to visualize and inspect high-rise structures or the project's progress through aerial shots. Additionally, they also offer site managers an impression of potential issues and enable key decision-making aspects to simplify the operations at a construction site.
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Segmentation assessment
The rotary wing LiDAR drone system segment is anticipated to hold the largest market share
Based on the product, the rotary wing LiDAR drone system segment is anticipated to hold the largest market share. LiDAR drone market demand is on the rise due to the increase in the adoption of single-rotor and multi-rotor UAVs across various regions. Rotary-wing LiDAR drone offers a cost-effective benefit in 3D image mapping applications compared to fixed-wing drones.
Short range segment accounted to witness a significant market share
Based on range, the short-range segment accounted to witness significant market share. LiDAR drone market trends include factors such as excess adoption in low altitude applications and low costs.
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LiDAR Drone Market: Report Scope
Report Attribute | Details |
Revenue forecast in 2032 | USD 2,286.09 Million |
Market size value in 2023 | USD 255.66 Million |
Expected CAGR Growth | 27.6% from 2023 - 2032 |
Base Year | 2022 |
Forecast Year | 2023 – 2032 |
Top Market Players | Velodyne Lidar, Inc., Inc., Phoenix LiDAR Systems, YELLOWSCAN, Teledyne Technologies Incorporated, RIEGL Laser Measurement Systems GmbH, LiDARUSA, DJI, Delair, Leica Geosystems AG, SICK AG, Benewake (Beijing) Co., Ltd., RoboSense, MICRODRONES |
Segments Covered | By Component, By Product, By Range, By Application, By Region |
Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options |
Geographic Overview
Increasing investment toward innovative defense tools to propel the North American market
North America held the largest LiDAR drone market share due to increasing investment toward better and innovative defense tools. The accuracy and efficiency of LiDAR drones to collect data from high altitudes have increased their adoption in the defense sector in the last few years.
Asia Pacific is projected to witness the highest growth in the market owing to factors such as the rising number of commercial drones and their component manufacturers in countries such as India and China. Further, drones have been widely demanded by the agricultural sector of Asian countries for various key applications such as precision farming and disease-controlling studies.
Browse the Detail Report “LiDAR Drone Market Share, Size, Trends, Industry Analysis Report, By Type (Fixed-Wing, Rotary-Wing); By Range; By Component; By Application (; By Regions; Segment Forecast, 2023 - 2032” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/lidar-drone-market
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Recent Developments
In February 2023, Robosense announced a partnership agreement with Toyota, a leading car manufacturer, to supply the RS-LiDAR-M series, which empowers Toyota cars with accurate perception and improves the driving safety of its vehicles.
In February 2023, Delair, a France-based company engaged in high-performance drone-based solutions, announced its acquisition of Notilo Plus to further expand its portfolio in aerial and underwater drones.
The Research Addresses Several Questions
Which important factors are accountable for the robust growth of the market?
Which are the major players operating in the market across the globe?
Which product segment of the market is expected to grow at a fast pace over the forecast period?
What is the position of the competitive scenario of the market?
What are the estimated figures related to the overall market in the coming few years?
What is the projected size and share of the market throughout the forecast period?
Which are the leading geographical segments of the market?
Polaris Market Research has segmented the LiDAR Drone Computing Market report based on component, product, range, application, and region:
By Component Outlook
Navigation and Positioning systems
Laser Scanners
Cameras
Others
By Product Outlook
Rotary Wing LiDAR Drone
Fixed Wing LiDAR Drone
By Range Outlook
Short Range
Medium Range
Long Range
By Application Outlook
Precision Agriculture
ADAS & Driverless Cars
Corridor Mapping
Defense
Construction
Mining and Exploration
Other Applications
By Region Outlook
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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