Global LIDAR Drones Market, By Component (LIDAR Lasers, Navigation & Positioning, UAV Camera and Others), Product (Rotary Wing LIDAR Drone and Fixed Wing LIDAR Drone), Range (Short, Medium and Long), Application (Corridor Mapping, Archaeology, Construction, Environment, Entertainment, Defence, Precision Agriculture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Rising adoption of LIDAR drones by both private and governmental organizations has led to the rise in demand and supply forces for LIDAR drones globally. Data Bridge Market Research analyses that the LIDAR drones market will exhibit a CAGR of 28.21% for the forecast period of 2021-2028. This means that the current market value will rise up to USD 864.39 million by the year 2028.
LIDAR stands for light detection and ranging and thus, it is a remote sensing technology that uses light in the form of pulsed laser which in turn is used to measure the distance. Thus, the drones equipped with LIDAR technology use light in the form of a pulsed laser to provide accurate information regarding environmental location. This technology works when a laser is beamed from the sensors and the time is calculated when that laser reflects so that the accurate positioning can be detected. The distance is also calculated using the velocity of light. LIDAR technology works in similar ways to Radar and Sonar but uses a laser instead of radio and sound waves. LIDAR is a direct measurement that produces a point cloud-like image.
The rising demand and application of LIDAR drones in agricultural precision and corridor mapping have led to the rise in their market value. Increased demand for LIDAR drones from other end-user verticals such as aerospace and defense, natural resources management, mining, and so on has fostered the growth of the LIDAR drones market. Supportive governmental regulations or ease in regulations imposed have also prompted the growth of LIDAR drones. The rising need for surveillance coupled with a rising focus on technological advancements has also pushed the demand for LIDAR drones in the upward direction.
However, the high cost associated with the LIDAR drone equipment will prove to be a big-time hindrance in the way of market growth. The dearth of skilled professionals and experts to maneuver the LIDAR drones will further slow down the market growth rate. Concerns related to the management of air traffic amid the rise in the level of LIDAR drones will also challenge the market growth.
This LIDAR drones market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on LIDAR drones market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global LIDAR Drones Market Scope and Market Size
The LIDAR drones market is segmented on the basis of component, product, range and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the LIDAR drones market is segmented into LIDAR lasers, navigation and positioning, UAV camera and others.
- On the basis of product, the LIDAR drones market is segmented into rotary wing LIDAR drone and fixed wing LIDAR drone.
- The LIDAR drones market is also segmented on the basis of range into short, medium and long.
- On the basis of application, the LIDAR drones market is segmented into corridor mapping, archaeology, construction, environment, entertainment, defence, precision agriculture and others.
LIDAR Drones Market Country Level Analysis
The LIDAR drones market is analysed and market size, volume information is provided by country, component, product, range and application as referenced above.
The countries covered in the LIDAR drones market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the LIDAR drones market wherein U.S. is the largest market revenue contributor. Prevalence of high military budgets coupled with rising investment in the technological innovations in the defence sector are the major factors attributable to the growth of LIDAR drones market in this region. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the rising awareness regarding the benefits of LIDAR drones such as high accuracy.
The country section of the LIDAR drones market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and LIDAR Drones Market Share Analysis
The LIDAR drones market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the LIDAR drones market.
The major players covered in the LIDAR drones market report are DJI, SICK AG, Trimble Inc., Phoenix LiDAR Systems., Velodyne Lidar, Inc., RIEGL Laser Measurement Systems GmbH, Teledyne Optech., UMS SKELDAR., Fagerman Technologies, dba. LiDARUSA., YELLOWSCAN, Geodetics, Inc., LiDAR drone OnyxScan,, Delair., 3DR., Waymo LLC, Leica Geosystems AG - Part of Hexagon, HEXAGON, FARO Technologies, Inc., Blue Skies Drone Rental., Ouster, Inc. and Topcon among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global LIDAR Drones Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.