What Has Been the Growth of the Light Detection And Ranging LiDAR Drone Market So Far?
The light detection and ranging lidar drone market has seen considerable growth due to a variety of factors.
• The market size of drones equipped with light detection and ranging (LiDAR) has seen exponential growth in the recent past. It's expected to rise from $0.27 billion in 2024 to $0.34 billion in 2025, indicating a compound annual growth rate (CAGR) of 25.0%.
Factors that have contributed to growth in the historical period include reduced costs and increased availability, enhanced data accuracy and resolution, regulatory backing and implementation, industry approval and application, the necessity for remote sensing technologies, a competitive market environment, and market expansion.
What Are the Future Growth Projections for the Light Detection And Ranging LiDAR Drone Market?
The light detection and ranging lidar drone market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for LiDAR (Light Detection and Ranging) drones is forecasted to witness exponential growth in the forthcoming years, reaching $0.81 billion by 2029 with a compound annual growth rate (CAGR) of 24.8%.
This projected growth within the forecast period could be due to a rise in the demand for autonomous solutions, an exploration of new verticals and applications, efforts towards environmental and climate change mitigation, the establishment of collaborative partnerships and ecosystem development along with government investments and infrastructure projects, market consolidation, and standardization. Key trends anticipated during the forecast period involve the incorporation of lightweight LiDAR sensors, extension into the agricultural and forestry sectors, integration with various other sensors, the advent of advanced processing algorithms, amalgamation with autonomous flight systems, expansion of services for infrastructure inspection, technological innovation, and collaborations between manufacturers and original equipment manufacturers (OEMs).
What Are The Core Factors Supporting Growth In The Light Detection And Ranging LiDAR Drone Market?
The escalating employment of drones for commercial activities is anticipated to fuel the expansion of the LiDAR drone market in the future. Commercial drone application entails the mobilization of unmanned aerial vehicles (UAVs) across various industries and sectors, capitalizing on their functionalities for efficient, safe, and cost-effective job performance as opposed to conventional methods. LiDAR drones are growing in popularity for commercial tasks due to their proficiency in rapidly gathering high-resolution elevation data for various sectors including agriculture, forestry, construction, and environmental surveillance. For example, the UK drone survey conducted by the Civil Aviation Authority (CAA) in May 2023, which surveyed 2,000 adults, indicated that drone users in the UK had risen to 5% compared to 3% two years later. The data suggests that commercial drone deliveries would experience a growth of 30% in the next decade compared to 13% in half the time. Further, the number of users utilizing drones for filming and media purposes is projected to rise from 42% in 2022 to 46% in the following year. Consequently, the continued uptick in drone usage for commercial activities is propelling the LiDAR drone market's growth.
What Are The Major Segments Within The Global Light Detection And Ranging LiDAR Drone Market?
The light detection and ranging (LiDAR) drone market covered in this report is segmented –
1) By Product: Fixed Wing Drone, Rotary Wing Drone
2) By LiDAR Type: Topographic, Bathymetric
3) By Range: Short, Medium, Long
4) By Application: Mapping And Cartography, Surveillance, Environment, Exploration And Detection, Precision Agriculture, Other Applications
Subsegments:
1) By Fixed Wing Drone: Fixed Wing Drone, Small Fixed Wing Drones, Medium Fixed Wing Drones, Large Fixed Wing Drones, Hybrid Fixed Wing Drones (Vertical Takeoff And Landing)
2) By Rotary Wing Drone: Rotary Wing Drone, Single Rotor Drones, Multi-Rotor Drones (Quadcopters, Hexacopters, Octocopters), Coaxial Rotor Drones, Hybrid Rotary Wing Drones
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Which Emerging Market Trends Are Altering The Light Detection And Ranging LiDAR Drone Industry?
Prominent businesses in the LiDAR drone sector are augmenting their emphasis on technological advancements, such as the Airborne Topo-Bathymetric (ATB) system, to improve drone technology and secure a competitive advantage in the marketplace. These systems provide a comprehensive method for obtaining detailed elevation data in terrestrial and underwater environments, making them indispensable for various uses in geospatial analysis and environmental management. For example, Phoenix LiDAR System, a US enterprise known for its LiDAR solutions for ADAS and autonomous mobility, unveiled the HydroRANGER system in June 2022. This topographic and bathymetric LiDAR system aims to provide high-resolution topo-bathymetric mapping for a variety of applications including navigation, ocean science, and shoreline system mapping. It uses a visible green-spectrum laser with an elliptical scan pattern and can measure up to 200 kHz, offering a blend of high spatial resolution and accuracy.
Who Are the Key Players In The Light Detection And Ranging LiDAR Drone Market?
Major companies operating in the light detection and ranging (LiDAR) drone market are:
• Trimble Navigation Ltd.
• Sick AG
• Topcon Positioning Systems Inc.
• Leica Geosystems AG
• FARO Technologies Inc.
• MicroDrones GmbH
• UMS Skeldar
• Teledyne Optech
• Velodyne LiDAR Inc.
• 3D Robotics Inc.
• Routescene Ltd.
• NexCore Group
• Benewake Co. Ltd.
• Delair SAS
• GreenValley International
• YellowScan Inc.
• Geodetics Inc.
• Phoenix LiDAR Systems
• LiDARUSA
• OnyxScan
• SABRE Advanced 3D Surveying Systems
• Cepton Technologies Inc.
• Hoverfly Technologies Inc.
• Riegl Measurement System
• SZ DJI Technology company Ltd.
• Beijing SureStar Technology Co. Ltd.
What Is The Most Dominant Region In The Light Detection And Ranging LiDAR Drone Market?
North America was the largest region in the light detection and ranging (LiDAR) drone market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the light detection and ranging (LiDAR) drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
