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The global LiDAR drone market size attained a value of approximately USD 272.44 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 25.20%, reaching a value of around USD 2,055.93 million by 2032.
The increasing applications of LiDAR drones in the aerospace and defence sector, to facilitate various operations related to positioning and navigation, search and rescue, patrolling, battlefield mapping, determining line of sight, and carrying out mine countermeasures, is driving the LiDAR drone market growth. Over the forecast period, rising military expenditure leading to heightened technological advancements are further likely to fuel the growth of the market for LiDAR drones. Meanwhile, the growing applications of LiDAR drones across various sectors for 3D modelling processes, is likely to be a crucial driving factor of the market as 3D models executed by LiDAR drones are cost-effective, quick, and accurate.
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The market for LiDAR drones is being driven by the rising demand for unmanned aerial vehicles (UAV), owing to their versatile applicability in various end-use industries, such as agriculture, construction, mining, and defence, among others. The growing adoption of laser and sensor technology for navigation, mapping, precision agriculture, and mining activities is a major factor adding to the market growth.
Corridor mapping is one of the most significant applications of LiDAR drones, which has been substantially augmenting the growth of the market. During the planning and construction of infrastructure like roadways, railways, and oil and pipelines, corridor mapping is a critical step. LiDAR technology uses ultraviolet light for effective digital mapping in terrains, mountains, and dense areas. This data is provided by building 3 dimensional models of the reviewed zone and since the information derived using LiDAR technology is highly accurate, it is being increasingly used for corridor mapping in construction activities, thereby strengthening the market. Moreover, the rise in residential and commercial constructions in the wake of urbanisation and industrialisation is providing momentum to the growth of the market for LiDAR drones.
Light detection and ranging, also known as LiDAR, is a remote sensing technology that uses rapid laser technology to map out the surface of the earth. LiDAR drones refer to drones that carry LiDAR sensors that can perform data collection and other tasks.
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The LiDAR drone market segmentation on the basis of type is:
Based on range, the market is segmented into:
On the basis of component, the market is classified into:
Based on application, the market is categorised into:
The EMR report looks into the regional markets of LiDAR drones like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The short-range segment of the global market for LiDAR drones by range is anticipated to hold a significant share in the overall growth of the market in the coming years. As short-range drones fly at low altitudes, such as below 200 m, they do not require additional permissions to fly in most regions, thereby favouring the market growth.
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Furthermore, short-range drones are lightweight in composition and are power efficient, hence they require small batteries, which leads to a reduction in overall operating costs, thereby, adding to the LiDAR drone market revenue. Small, low-power, and short-range LiDAR modules can strengthen safety and improve mapping and navigation for industrial robots, machinery, and drones. These features of short-range drones are thus expected to offer lucrative LiDAR drone market opportunities.
The report presents a detailed analysis of the following key players in the global LiDAR drone market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:
The comprehensive report looks at the micro and macro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Range |
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Breakup by Component |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market for LiDAR drones attained a value of approximately USD 272.44 million in 2023.
The market is projected to grow at a CAGR of 25.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 2,055.93 million by 2032.
The market is being driven by the increasing usage of LiDAR drones in corridor mapping and precision agriculture and relaxations of regulations pertaining to the usage of commercial drones.
The key LiDAR drone market trends include initiatives of various governments supporting the sue of LiDAR drones, particularly for large-scale surveys, increasing industrial applicability, and development of LiDAR drones with advanced sensors.
The major regional markets for LiDAR drones are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different types of LiDAR drones are fixed wing and rotary wing.
The major ranges of LiDAR drones are short range, medium range, and long range.
The various components of LiDAR drones are cameras, navigation and positioning systems, and laser scanners, among others.
The significant applications of LiDAR drones are corridor mapping, aerospace and defence, mining, construction, entertainment, environment, and agriculture, among others.
The major players in the market, according to the report, are 3D Robotics, Inc., Teledyne Optech, Trimble Navigatrion Ltd., Velodyne LiDAR, Inc., Faro Technology, Phoenix LiDAR Systems, MicroDrones, SICK AG, Leica Geosystems AG, TDK Corporation, and SZ DJI Technology Co., Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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