Market Size of LiDAR Drones Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.50 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
LiDAR Drones Market Analysis
The LiDAR drones market is expected to register a CAGR of 6.5% over the forecast period. Over the next few years, the global market for LiDAR drones is expected to grow a lot. This is because drones are being used more and more in many different industries, such as aerospace and defense, agriculture, and forestry, among others.
- The US military is investing significantly in unmanned aerial vehicles (UAV) 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. For example, LiDAR laser UAV cameras and sensors have gotten better, which has led to a lot of growth in drone LiDAR.
- New developments have also led to better laser scanning technology and UAV scanning applications, such as high-altitude airborne LiDAR, which help the infrastructure industry make better use of the spectrum.
- Due to their expanding use in a variety of applications for precise data collection, LiDAR drones are becoming more and more popular on a global scale. Several nations have strict legislation governing the use of drones, despite the fact that several have lenient regulations on the subject. As a result, approval from several government agencies is needed in order to fly them. Additionally, drone operators must pay astronomical registration fees and get permission before each flight. Some nations have placed restrictions on the use of drones, including Algeria, Barbados, Brunei, Côte d'Ivoire, Cube, Iran, Kenya, Kuwait, Kyrgyzstan, Madagascar, Morocco, Nicaragua, Saudi Arabia, Senegal, Sri Lanka, Syria, and Uzbekistan. Such regulations serve as barriers to the expansion of the LiDAR drone business.
- In these unprecedented times of COVID-19, where businesses were adopting cost-cutting strategies to combat the COVID-19 economy, 88% of the respondents to a DroneDeploy survey stated that they were planning to increase investment in drones. The company surveyed professionals in key industries that include agriculture, construction, and energy. The survey results were found to be consistent with the company's last year's survey, suggesting that even when companies are cutting general and administrative costs amid the pandemic, enterprises are still wanting to invest in drone technology. Only 4% of respondents planned to cut their drone budget.
LiDAR Drones Industry Segmentation
LiDAR drones are a remote sensing technology that uses rapid laser pulses to map out the surface of the earth. LiDAR is useful when used to create high-resolution digital surfaces, terrain, and elevation models used for various business applications, such as aerospace and defense, natural resources management, agriculture and forestry, mining, and oil and gas exploration, among others.
Component (Laser Scanners, Navigation and Positioning Systems, Cameras), Product (Rotary Wing LiDAR Drone, Fixed Wing LiDAR Drone), Application (Construction, Environment, Precision Agriculture, Corridor Mapping, Defense), and Geography (North America, Europe, Asia-Pacific) are the segments of the LiDAR Drones Market.
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Component | |
Laser Scanners | |
Navigation and Positioning Systems | |
Cameras | |
Other Components |
By Product | |
Rotary Wing LiDAR Drone | |
Fixed Wing LiDAR Drone |
By Application | |
Construction | |
Environment | |
Precision Agriculture | |
Corridor Mapping | |
Defense | |
Other Applications |
Geography | ||||||
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Rest of the World (Latin America and Middle East & Africa) |
LiDAR Drones Market Size Summary
The LiDAR drone market is poised for significant growth, driven by increasing adoption across various sectors such as aerospace, defense, agriculture, and forestry. The market is experiencing a surge in demand due to advancements in drone technology and the growing need for surveillance and precise data collection. The integration of LiDAR technology with unmanned aerial vehicles (UAVs) has enhanced capabilities in areas like high-altitude airborne scanning, which is particularly beneficial for infrastructure development. Despite the promising growth trajectory, regulatory challenges in several countries pose barriers to market expansion, as strict regulations and high registration fees are required for drone operations. However, the construction industry's burgeoning demand for accurate mapping and surveying solutions is expected to further propel market growth.
In the United States, the LiDAR drone market is expected to thrive due to substantial investments in innovative technologies, particularly within the defense sector. The presence of key industry players and the adoption of advanced aerial technologies for applications such as topographic surveys and mineral exploration are contributing to market expansion. The market is characterized by a diverse range of players, with no single entity dominating, which may lead to increased competition as adoption rates rise across various end-user verticals. Recent developments, such as the integration of advanced LiDAR systems into commercial drones and the introduction of high-precision scanning technologies, are set to revolutionize data collection methods in sectors like infrastructure, agriculture, and public safety.
LiDAR Drones Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact of COVID-19 on the Market
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1.5 Market Drivers
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1.5.1 Advancements in Drone Technology
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1.5.2 Cost Effective and Accurate Geo Mapping
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1.5.3 Increasing Need for Robust Surveillance Systems across Various Industries
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1.6 Market Restraints
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1.6.1 Increase in the Cost of Equipment
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2. MARKET SEGMENTATION
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2.1 By Component
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2.1.1 Laser Scanners
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2.1.2 Navigation and Positioning Systems
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2.1.3 Cameras
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2.1.4 Other Components
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2.2 By Product
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2.2.1 Rotary Wing LiDAR Drone
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2.2.2 Fixed Wing LiDAR Drone
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2.3 By Application
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2.3.1 Construction
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2.3.2 Environment
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2.3.3 Precision Agriculture
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2.3.4 Corridor Mapping
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2.3.5 Defense
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2.3.6 Other Applications
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Rest of the World (Latin America and Middle East & Africa)
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LiDAR Drones Market Size FAQs
What is the current LiDAR Drones Market size?
The LiDAR Drones Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in LiDAR Drones Market?
SZ DJI Technology Co. Ltd, Sick AG, Trimble Navigation Limited, Phoenix LiDAR Systems and Velodyne LiDAR Inc. are the major companies operating in the LiDAR Drones Market.