The global LiDAR Drone Market size is expected to reach USD 372.5 billion by 2026 and is anticipated to grow at a CAGR of 31.7% during the forecast period (2020-2026) according to a new study by Polaris Market Research. The report “LiDAR Drone Market Share, Size, Trends, Industry Analysis Report, By Type (Fixed-Wing, Rotary-Wing); By Range (Short Range, Medium Range, Long Range); By Component (Cameras, Navigation and Positioning Units, Laser Scanners, Others); By Application (Corridor Mapping, Aerospace and Defense, Mining, Construction, Entertainment, Environment, Agriculture, Others); By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for LiDAR drones is increasing owing to its ability to collect the data points at a faster rate. Some features offered by them include time and cost effectiveness, enhanced quality data, and increased safety. These drones are adopted across diverse applications such as transportation, forestry, hydrology, mining, and construction among others. Agriculture sector is increasingly adopting these drones for improving yield production, crop health management, and improving soil conditions.
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Key players present in the LiDAR Drone Market
- Geodetics, Inc.
- Faro Technology
- Trimble Navigation Limited
- SZ DJI Technology Co. Ltd
- Velodyne LiDAR, Inc.
- Phoenix LiDAR Systems
- UMS SKELDAR
- Teledyne Optech
- Riegl Laser Measurement Systems GmbH
- Sick AG
- Leica Geosystems AG
- 3D Robotics, Inc.
Rotary wing LiDAR drones dominated the global market in 2019. However, the demand for fixed wing is expected to increase during the forecast period owing to longer flight autonomy, larger area coverage, and improved output quality. Fixed wing drones enables improved constant control of the main parameters influencing the flight. They also offer enhanced aerodynamic performance, greater control of image quality, and noise elimination.
The range segment has been divided into is segmented into Short Range, Medium Range, and Long Range LiDAR Drones. In Feb 2018, Delair, a major provider of commercial drone launched Delair DT26X LiDAR UAV with RIEGL miniVUX-1DL sensor fully integrated. The new offering is a long-range fixed wing drone equipped with LiDAR sensing capabilities and integrated high resolution RGB (red, green, blue) camera for improved precision and efficiency of surveying and 3D mapping.
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Cameras are a major component of LiDAR drones. They are used for capturing images of environment or target objects and are generally upgraded with 3D sensing technology. Efficient 3D cameras are found useful in site-surveying applications to capture finer details. The 3D cameras used can capture real-time videos. The 3D cameras are used for mapping and texturing across diverse applications such as military, aeronautics, space research, earth surface surveying, agriculture, and construction among others. The technological advancements in imaging technology would contribute to adoption of cameras with improved scan quality and response-time in LiDAR drones.
The demand for LiDAR drone is increasing from the construction sector. They are becoming popular among engineers, planners and developers for land mapping and construction activities. They assist in analysis, and strategic planning of urban settlements. These are also used for construction progress photography and topographic survey by construction and land surveying & development companies. They also find applications in development of large scale projects such as roads, railroads, canals, energy transportation lines, and piping. Government and private firms engaged in construction, engineering and mining, surveying land management and planning are likely to increase the demand of LiDAR drones in coming years to optimize traffic flow, enhanced route planning and design, detailed topographic models, and 3D modelling and reconstruction.
North America emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Rise in applications of LiDAR drones in agriculture, mining, defense, and government sectors in the North American region is the major driver for market growth. Rise in investment in the defense sector, along with technological advancement in telecommunication industry is expected to drive the market growth in North America during the forecast period. Use of high-resolution imaging, and increasing use in environmental control and pollution by government, and non-government organizations are expected to raise the market investment.
Table of Contents
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. LiDAR Drone Market Insights
Chapter 5. LiDAR Drone Market Assessment by Type
Chapter 6. Global LiDAR Drone Market, by Range
- Short Range
- Medium Range
- Long Range
Chapter 7. LiDAR Drone Market Assessment by Component
- Navigation and Positioning Units
- Laser Scanners
Chapter 8. LiDAR Drone Market Assessment by Application
- Corridor Mapping
- Aerospace and Defense
Chapter 9. LiDAR Drone Market Assessment by Geography
- North America (U.S., Canada)
- Europe (Germany, UK, France, Italy, Spain, RoE)
- Asia Pacific (China, India, Japan, South Korea, RoAPAC)
- Latin America (Brazil, Mexico, Colombia, RoLATAM)
- MEA (Saudi Arabia, South Africa, Israel, UAE, RoMEA)
Chapter 11. Competitive Landscape
Chapter 10. Company Profiles
List of Tables
Table 1 Drivers and Inhibitors for Global Market
Table 2 Restraints Global Market
Table 3 Global LiDAR Drone Market, By Type, 2015 – 2026 (USD Million)
List of Figures
FIG. 1 Market snapshot
FIG. 2 Market segmentation & scope
FIG. 3 Global LiDAR Drone Market size and growth prospects, 2015 – 2026
FIG. 4 Value chain analysis
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The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
-Industry Trends, opportunity and challenges in the market
-Role of key players across the value chain
-End-User analysis to define the market strategy
-Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
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