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Global LiDAR Drone Market Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2023-2028

By January 25, 2023No Comments

The new report by Expert Market Research titled, ‘Global LiDAR Drone Market Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global LiDAR drone market, assessing the market based on its segments like types, ranges, components, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2021): USD 165.3 Million
  • Forecast CAGR (2023-2028): 24.1%
  • Forecast Market Size (2027): USD 603.7 Million

The global market for LiDAR drones is largely being driven by the increasing use of advancements in laser and sensor technologies. Owing to the versatility of drones in various applications like surveillance, mapping, and navigation, the LiDAR drone technology is rapidly booming. The LiDAR technology uses ultraviolet light for effective digital mapping in terrains, mountains, and dense areas.

This data is provided by building 3 dimensional models of the reviewed zone and since the information derived using LiDAR technology is highly accurate, it is being increasingly used for corridor mapping in construction activities, thereby stimulating the market growth.

Industry Definition and Segmentation

LiDAR, which stands for light detection and ranging, is a remote sensing technology that uses rapid laser technology to map out the surface of the earth.

On the basis of type, the market can be divided into:

  • Fixed Wing
  • Rotary Wing

Based on range, the market can be segmented into:

  • Short Range
  • Medium Range
  • Long Range

The market, based on component, can be classified into:

  • Cameras
  • Navigation and Positioning System
  • Laser Scanners
  • Others

On the basis of application, the market can be categorised into:

  • Corridor Mapping
  • Aerospace and Defence
  • Mining
  • Construction
  • Entertainment
  • Environment
  • Agriculture
  • Others

The regional markets for the product include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The growth in the global market for LiDAR drones can be associated with the rising use of technology in construction activities for accurate navigating and positioning using advanced laser technology. Looking forward, the market is anticipated to gain from the rising demand for short range drones for its favourable characteristics including lightweight composition and power emission. Small, low-power, and short-range LiDAR modules can strengthen safety and improve mapping and navigation for industrial robots, machinery, and drones. These features of a short-range drone are thus expected to provide impetus to the market growth.

Key Market Players

The major players in the market are 3D Robotics, Inc., Teledyne Optech, Trimble Navigatrion Ltd., Velodyne LiDAR, Inc., Faro Technology, Phoenix LiDAR Systems, and MicroDrones, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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