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North America is expected to hold a significant share in the global market for lidar drones. This can be attributed to the proliferation of advanced technology in the region due to the strong market penetration of leading players and the ready availability of smart technology. In addition to this, as a result of robust investments in the military and defence of the United States, lidar drone technology is being rapidly employed for surveillance and navigation purposes, thereby pushing the growth of the market. Furthermore, ease in government regulations allowing the usage of drones for commercial purposes is also anticipated to positively influence the growth of the regional market in the coming years. Hence, due to the factors mentioned above, the United States market for lidar drones is witnessing innovations and developments for various industrial uses, thereby aiding the market's growth.
Velodyne Lidar (NASDAQ: VLDR), a leading player in the global market for lidar drones, recently announced a multi-year agreement to provide its lidar sensors to Topodrone in September 2021. Topodrone is a Switzerland-based company developing affordable, high-precision solutions for aerial surveys. Velodyne’s laser sensors enable high-precision mapping and 3D modelling to environments including farms, forests, and infrastructure, among others. Such developments by leading market players provide momentum to lidar drones' overall market growth.
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The major players in the global lidar drone market are 3D Robotics, Inc., Teledyne Optech, Trimble Navigation Ltd., Velodyne LiDAR, Inc., Faro Technology, Phoenix LiDAR Systems, and MicroDrones, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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