LiDAR Drone Market Analysis, Size, Share and Growth by 2030

Coverage: LiDAR Drone Market covers analysis By LiDAR Type (Topographic and Bathymetric), Component (LiDAR Lasers, Navigation and Positioning Systems, UAV Cameras, and Others), Drone Type (Rotary-wing LiDAR Drones and Fixed-wing LiDAR Drones), Drone Range (Short, Medium, and Long), Application (Corridor Mapping, Archaeology, Construction, Environment, Entertainment, Precision Agriculture, and Other)

Publication Month : Mar 2024

  • Report Code : TIPTE100000453
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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[Research Report] The LiDAR Drone Market size is expected to grow from US$ 139.27 million in 2022 to US$ 785.13 million by 2030; it is estimated to grow at a CAGR of 24.1% from 2022 to 2030.    

Analyst Perspective:

The report includes growth prospects owing to the current LiDAR drone market trends and their foreseeable impact during the forecast period. The market has witnessed significant growth in recent years, driven by technological advancements and increasing government investments. The rising popularity of LiDAR drones in a wide range of applications for creating accurate and precise data is driving the LiDAR drone market. Countries across the globe implementing favorable regulations related to the usage of LiDAR drones is propelling the share. In recent years, drones have become a significant part of government agencies by helping in critical situations where a person can't go or can't execute the job. Moreover, the growing requirement for surveillance and mapping in the drone industry is propelling the LiDAR drone market growth. For instance, the market has significantly grown through the adoption of advanced LiDAR lasers, UAV cameras, and sensors that help improve the drone’s performance. Additionally, the development of next-generation drone LiDAR sensors and the growing use of high-altitude airborne LiDAR in improved laser scanning technologies and UAV scanning applications are likely to have a significant impact on the LiDAR drone market forecast in the next few years.

LiDAR Drone Market Overview:

LiDAR stands for light detection and ranging and is a specialized drone/ unmanned aerial vehicle (UAV) equipped with LiDAR sensors for gathering geographical data. LiDAR drones use laser lights to measure distances accurately and produce intricate 3D maps of the terrain. These drones are highly used for inspection and surveying purposes in a variety of environments such as underwater places, industrial sites, and even indoors. Moreover, the evolution of sensor technology, empowering drones to capture aerial LIDAR data, is driving the LiDAR drone market. Significant benefits offered by LiDAR drones such as increased density or resolution for providing more reliable information, are fueling the global LiDAR drone market growth during the forecast period.

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LiDAR Drone Market: Strategic Insights

lidar-drone-market
Market Size Value inUS$ 139.27 million in 2022
Market Size Value byUS$ 785.13 million by 2030
Growth rateCAGR of 24.1% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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LiDAR Drone Market Driver:

Rising Adoption of LiDAR Drones in Mining Applications is Driving the Market

Mining processes require large volumes of precise information used to complete the operations. The inaccurate measurement is performed by traditional methods such as the Global Navigation Satellite System (GNSS) and total station in coal or iron mines. The traditional method is time-consuming and harmful, which results in inefficient operations and negatively impacting output and product quality. The data generated from traditional mining methods are difficult to visualize, and digital updates are restricted. The use of LiDAR drones over traditional mining methods provides an effective solution to overcome various challenges such as hazardous conditions, difficult topography, and other issues at mining sites. LiDAR is a cutting-edge technology in the field of mapping and surveying. The use of LiDAR drones in mining sites allows miners to penetrate vegetation, measure three-dimensional coordinates of objects on the ground, and generate a high-precision digital terrain model from the use of a point cloud filtering method. A growing number of mining activities across the globe is driving the market. LiDAR drones are highly used in the mining industry to make smooth workflow by avoiding accidents, which is driving the market during the forecast period. For instance, in August 2022, Central Mining Planning and Design Institute (CMPDI) plans to increase the use of drones in their mining operations. This allows the institute to generate accurate data for improving future mining activities, which is fueling the LiDAR Drone market growth.

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LiDAR Drone Market Segmental Analysis:

The LiDAR drone market is segmented into LiDAR types, and the LiDAR drone market analysis is done for topographic and bathymetric. The bathymetric segment is anticipated to hold a significant LiDAR drone market share by 2030. Bathymetric LiDAR is a technique used for capturing geospatial data of water and coastline. The technique is used for the efficient creation of hydrographic data. The bathymetric Lidar includes sonar, which provides significant accuracy in various applications such as corridor mapping, archaeology, precision agriculture, environment, construction, entertainment, and others, increasing segment share. A bathymetric LiDAR system works by using two lasers of different wavelengths. The green channel wavelength is an ideal solution for penetrating water to measure the water depth. The red wavelength gives a signal related to the height of the plane above the water. This wavelength is used to calculate water depth. Bathymetric LiDAR plays a key role in habitat mapping and coastal management by offering high-resolution data on the underwater environment. Moreover, bathymetric Lidar is also used to monitor sediment transport, coastal erosion, and the effects of climate change on coastal areas. Significant benefits offered to users by bathymetric Lidar are among the factors contributing to the growing LiDAR drone market size.

LiDAR Drone Market Regional Analysis:

In terms of revenue, North America will dominate the LiDAR drone market share in the near future, owing to the increasing investment in the aerospace and defense sector and the development of innovative technologies. For instance, the US Department of Defense released a budget of US$ 773 billion for the year 2023, an increase of 8.1% from FY 2022. Increasing government investment in the defense sector is driving the market. These investments encourage LiDAR drone market players to use and develop high-tech defense tools and equipment such as LiDAR drones used by armed forces and the military. LiDAR drones are used for numerous defense applications, including mine countermeasures, battlefield mapping, autonomous navigation of military vehicles, 3d tactical mapping, determining line of sight, and target tracking & detection, which is fueling the overall market.

Furthermore, the LiDAR drone market has widely embraced a new trend that involves flying slower and lower by collecting data at higher altitudes, increasing the demand for LiDAR drones among customers across the globe. LiDAR drones are capable of measuring ground with 520 or up to 40 points per square meter by producing exact and accurate maps, which is driving the market. The market in the US is anticipated to expand at a significant rate during the forecast period due to the rising deployment of LiDAR drones in topographic surveys.

Additionally, the LiDAR drone market is driven by the presence of key players such as Phoenix LiDAR Systems and Velodyne Lidar, Inc. The LiDAR drone market players are engaged in developing and improving LIDAR-based technology to help mapping businesses worldwide. The growing adoption of LiDAR drones in the mining industries for surveying purposes is fueling the market in the region. Increasing demand and adoption of LiDAR drones by forest and mining agencies like the US Forest Service and TriMetals Mining for locating new mineral sources across forests are generating opportunities for the market.

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LiDAR Drone Market Key Player Analysis:

The LiDAR drone market report includes company positioning and concentration to evaluate the performance of competitors in the market. Phoenix LiDAR Systems, RIEGL Laser Measurement Systems GmbH, Velodyne Lidar, Inc, Sick AG, Teledyne Geospatial, Leica Geosystems AG, YELLOWSCAN, Trimble Inc, DELAIR SAS, and LiDAR drone OnyxScan, are among the prominent players profiled in the LiDAR drone market report. The LiDAR drone market forecast can help stakeholders in this marketplace plan their growth strategies.

LiDAR Drone Market Recent Developments: 

“The LiDAR drone market analysis” is carried out by identifying and evaluating key players in the market across different regions. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the LiDAR drone market. A few recent key market developments are listed below:

  • In October 2022, Velodyne Lidar, Inc acquired Bluecity, a Montreal-based Al software company, to deliver AI-powered autonomous vision solutions to its customers.
  • In September 2022, Censys Technologies planned to integrate LiDAR technology into The Sentaero. Sentaero is a fixed-wing vertical take-off and landing (VTOL) drone highly used for aerial mapping and surveillance. This lightweight drone uses light detection sensors to maintain the same scanning and flight capabilities throughout the operations.
  • In June 2022, Phoenix LiDAR Systems launched the HydroRANGER. It is a new bathymetric system that provides bathymetric and dual-purpose topographic measurements for complete scene mapping of shoreline systems.
  • In June 2022, Drone USA, a subsidiary of Banctec, Inc received an order from the US state police agency for the purchase of two highly advanced drones and associated equipment. These drones have night vision and are designed for mapping. They have cameras that can zoom at night, Lidar, and a maximum flying time of one hour.
  • In May 2022, YELLOWSCAN introduced its additional partnership network with Dat Hop Co. Ltd. to supply products in Vietnam. Dat Hop Co. Ltd supplies a wide range of products and solutions to the hydrographic survey solutions and geospatial industry. The partnership network supports YELLOWSCAN in strengthening its presence in the Asia Pacific region.
  • In December 2021, RIEGL Laser Measurement Systems GmbH introduced a new version of the software suite for processing kinematic laser scan data.
  • In June 2021, Velodyne Lidar, Inc. launched the Velabit LiDAR sensor used in safety-critical applications, including automobiles, infrastructure, UAV mapping, and sidewalks, among others.
  • In February 2021, Phoenix LiDAR Systems signed a partnership with NORDIC UNMANNED (Norway) to provide industry-leading products to customers in Europe. The partnership supports Phoenix LiDAR Systems in strengthening its market share by offering a wide range of solutions to customers in Europe, including UAS, LIDAR, photogrammetry, UAVS, and 3D measurements.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

LiDAR Type, Component, Drone Type, Drone Range, Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

The List of Companies

1. Phoenix Aerial Systems
2. Velodyne LiDAR, Inc
3. Leica Geosystems AG
4. SICK AG
5. Riegl Laser Measurement Systems
6. 3D Robotics Inc.
7. DJI
8. FARO Technology
9. YellowScan
10. 3D Laser Mapping

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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