LiDAR Drones Market
The LiDAR Drones Market is poised to reach USD 28,642 million by 2028, expanding at an annual rate of 7.4% over the forecast period. Material handling equipment is an automatic tool used to move, store, manage, and prevent products throughout the production process. They help improve customer services, reduce delivery time and decrease handling costs.
Growing deployment of drones across agricultural, defense, mining, natural resource management, and aerospace is one of the major factors fueling the LiDAR drones’ market. Ongoing technological innovation in the drone and the growing need for monitoring are likely to raise the market share. LiDAR drones can easily capture the real crop images through a distance and exhibit the current situation of a vegetable to enable data processing and manage water resources. Rising pollution level, carbon ejection in the environment, and reduced productivity from agricultural industry due to the use of pesticide spraying has bolstered the demand for drones. However, lack of skilled person and rigours environmental norms might hamper the market growth.
By application, the construction application is likely to dominate the overall LiDAR drones market owing to the increasing application of LiDAR drones for modeling, surveying, and visual construction site administration.
By range, the short range is predicted to witness a faster CAGR during the forecast period. Rising emphasis of producers to develop short-range LiDAR drones is contributing to the market growth.
By region, North America region is projected to capture the highest share over the forecast period, owing to the intensified initiatives such as Part 107 to facilitate the use of commercial drones. Moreover, as per the LiDAR drones market report, strong players operating in the region, like LIDARUSA, Velodyne LiDAR, Inc., Teledyne Optech, and Geodetics, have driven the market growth.
Leading players operating in the market include RIEGL Laser Measurement Systems GmbH, Phoenix LiDAR Systems, Velodyne Lidar, Inc., Fagerman Technologies, YELLOWSCAN, Geodetics, Teledyne Optech, UMS SKELDAR, LiDAR drone OnyxScan, and Delair, among others.
- In 2020, Teledyne Optech launched the latest compact LiDAR sensor, Teledyne Optech’s CL-360, fully optimized for UAVs and mobile applications and have the fastest leading scan speed in different applications such as vegetation penetration and small-object detection.
- In 2019, Velodyne Lidar, Inc., introduced the Puck32MR sensor for the automobile sector, which is a cost-effective solution for low-speed UAV markets. This product can be incorporated in robotics, shuttles, industrial vehicles, and unmanned aerial vehicles (UAVs).
LiDAR Drones Market Segmentation:
LiDAR Drones Market by Type
- Fixed Wing
- Rotary Wing
LiDAR Drones Market by Range
LiDAR Drones Market by Application
- Forestry and Precision Agriculture
LiDAR Drones Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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