Global LiDAR Drones Market

Analysts at GMI Research estimates that the LiDAR Drone Market was worth USD 145 million in 2022, and forecast to touch USD 1,028 million in 2030, growing at a CAGR of 27.7% from 2023-2030.

Overview of the Global LiDAR Drones Market Report

LiDAR refers to a remote sensing technology that utilizes rapid laser pulses to map out the earth’s surface. It helps in creating high-resolution digital surfaces, terrain, and elevation models, which are used for different applications. This technology is a vital tool in numerous applications such as forestry, archaeology, geology, mapping, geography, precision farming, and construction.

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Market Dynamic

Key Drivers and Emerging Trends

The major factor which is responsible for the growth of the Global LiDAR drones markets is the growing usage of drones in several industry verticals, which include agriculture, aerospace and defense, mining, oil and gas exploration, natural resource management, and others. The corridor mapping application covers the highest share in the market. With the increasing number of highway corridors and projects, there has been an increase in the demand for drones as they are used for conducting a feasible study of the terrain on which the highway is constructed. This type of drone collects all the relevant data through three-dimensional (3D) elevation models of the surveyed area. In UAE, the construction industry is growing at a higher rate with the rising investments in transport, energy, and social infrastructure development projects under programs including the Strategic Plan 2021, the Energy Strategy 2050, Sheikh Zayed Housing Program, Dubai Tourism Strategy 2020, and the National Strategy for Higher Education 2030. Thus, the expansion in the construction sector will indirectly increase the demand for LiDAR drones.

Restraints of the Global LiDAR Drones Market

On the other hand, the unavailability of the skilled person and stringent regulations are the two major factors that are hampering the growth of the market. For example, the government of the U.S. has introduced stringent rules and regulations related to the usage of UAVs or drones over safe flights in the aviation industry. All these regulations are being implemented by government bodies to eliminate specific accidents caused by drones.

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Application – Segment Analysis

Based on the application, the construction application is predicted to lead the market during the forecast period. The growing usage of LiDAR drones for surveying, modeling, and visual construction site monitoring is a key driver that is propelling the growth of the segment in the market. This type of drone is used for high-resolution aerial images from drones for documenting the actual condition of objects and buildings.

Range – Segment Analysis

Based on the range, the short range is expected to grow at a higher CAGR during the forecast period. The growing emphasis of manufacturers towards the development of short-range LiDAR drones is one of the major factors that is responsible for the segment growth. Numerous exceptional benefits such as lightweight and higher power efficiency are further surging the segment growth.

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Regional – Segment Analysis

Based on the region, North America region is predicted to dominate the market during the forecast period. This is mainly attributed to the rising adoption of LiDAR drones, especially in the U.S. The government of various nations is introducing several initiatives and plans such as Part 107 to ease the use of commercial drones. Moreover, numerous leading players in the market, such as Teledyne Optech, LIDARUSA, Velodyne LiDAR, Inc., and Geodetics, are operating in the LiDAR drone ecosystem in this region.

Top Market Players

Various notable players operating in the market include Phoenix LiDAR Systems, RIEGL Laser Measurement Systems GmbH, Velodyne Lidar, Inc., Teledyne Optech, UMS SKELDAR, Fagerman Technologies, YELLOWSCAN, Geodetics, LiDAR drone OnyxScan, and Delair, among others. 

Key Developments:

• • In 2020, Teledyne Optech introduced the newest compact LiDAR sensor, Teledyne Optech’s CL-360. This product is fully optimized for UAVs and mobile applications and have one of the fastest leading scan speed in various applications such as vegetation penetration and small-object detection.
  • In 2019, Velodyne Lidar, Inc., launched the Puck32MR sensor for the automobile sector. This product offering is considered as a cost-effective solution for low-speed UAV markets. This product can be used in industrial vehicles, robotics, shuttles, and unmanned aerial vehicles (UAVs).

Segments Covered in the Report:

The global LiDAR Drones market has been segmented on the basis of type, range, application, and regions. Based on the Type, the market has been segmented into Fixed Wing and Rotary Wing. Based on the Range, the market has been segmented into short-range, medium-range, and long-range. Based on the application, the market has been segmented into mining, forestry and precision agriculture, archaeology, construction, defence, and others. 

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Key questions answered in this research report:

• • At what pace is global LiDAR Drones market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Global LiDAR Drones Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global LiDAR Drones market?
  • Which type generated maximum revenues in 2019 and identify the most promising types during the forecast period?
  • What are the various range areas of global LiDAR Drones market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2022)	USD 145 million
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Range, By Application, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Phoenix LiDAR Systems, RIEGL Laser Measurement Systems GmbH, Velodyne Lidar, Inc., Teledyne Optech, UMS SKELDAR, Fagerman Technologies, YELLOWSCAN, Geodetics, LiDAR drone OnyxScan, and Delair; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global LiDAR Drones Market by Type

• • Fixed Wing
  • Rotary Wing

Global LiDAR Drones Market by Range

• • Short-Range
  • Medium-Range
  • Long-Range

Global LiDAR Drones Market by Application

• • Mining
  • Forestry and Precision Agriculture
  • Archeology
  • Construction
  • Defence
  • Others

Global LiDAR Drones Market by Region

• • North America Global LiDAR Drones Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Range
    • By Application
    • US All-Up
    • Canada All-Up

  • Europe Global LiDAR Drones Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Range
    • By Application
    • UK All-Up
    • Germany All-Up
    • France All-Up
    • Spain All-Up
    • Rest of Europe All-Up

  • Asia-Pacific Global LiDAR Drones Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Range
    • By Application
    • China All-Up
    • India All-Up
    • Japan All-Up
    • Rest of APAC All-Up

  • RoW LiDAR Drones Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Range
    • By Application
    • Brazil All-Up
    • South Africa All-Up
    • Saudi Arabia All-Up
    • UAE All-Up
    • Rest of world (remaining countries of the LAMEA region) All-Up

Major Players Operating in the Global LiDAR Drones Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Phoenix LiDAR Systems
  • RIEGL Laser Measurement Systems GmbH
  • Velodyne Lidar, Inc.
  • Teledyne Optech
  • UMS SKELDAR
  • Fagerman Technologies
  • YELLOWSCAN
  • Geodetics
  • LiDAR drone OnyxScan
  • Delair