LiDAR Drone Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

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) and Geography

  • Report Code : TIPTE100000453
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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The LiDAR drone market size is projected to reach US$ 965.27 million by 2031 from US$ 171.62 million in 2023. The market is expected to register a CAGR of 24.1 % in 2023–2031. The growth in food insecurity due to a reduction in population growth and arable land has prompted farmers to shift towards precision agriculture is likely to remain a key LiDAR drone market trend.

LiDAR Drone Market Analysis

The industry has expanded significantly in recent years due to rising government funding and technical developments. The LiDAR drone market is being driven by the growing acceptance of LiDAR drones in a variety of applications for producing precise and accurate data. The use of LiDAR drones is increasing because countries all over the world are enacting favorable laws governing their use. Drones have grown to be an important component of government organizations in recent years by assisting in dire circumstances where a person is unable to go or complete a task. Furthermore, the LiDAR drone market is expanding due to the drone industry's growing need for mapping and monitoring. For example, the market has expanded dramatically as a result of the use of sophisticated LiDAR lasers, CIAV cameras, and sensors.

LiDAR Drone Market Overview

A LiDAR drone is an aerial drone with an attached LiDAR sensor. Recently, innovation in LiDAR technology has significantly lowered both the size and cost of LiDAR sensors, making it more viable to attach a LiDAR payload to a drone. The information LiDar can provide is far more accurate and far less expensive as LiDAR drones become more common. Emergency services on the site can save lives and save citizens during those crucial minutes by having precise information and a comprehensive understanding of visual elements that they might not have known otherwise. This allows them to focus on saving lives rather than evaluating the situation. Most LiDAR drones have a visual camera in addition to a LiDAR payload, and the visual data they gather can be presented as evidence in court as an accurate and impartial account reflecting the possible cause or result of an accident. In addition to using LiDAR data to create 3D models of an accident scene, these cameras also capture visual data.

Strategic Insights

LiDAR Drone Market Drivers and Opportunities

Increasing adoption of LiDar drones in mining applications

Active remote sensing using laser light points that are emitted and reflected off of surfaces is known as LIDAR. To measure length, depth, and surface forms, the LIDAR scanner examines the points that return to it. Drones contain LIDAR scanners for mid-range aerial LIDAR acquisition. However, they are still mostly portable devices. Since drone LIDAR can obtain ground-level information even in vegetated regions, it is very helpful during both the mining exploration phase and the restoration process. The increasing adoption of LiDar drones in mining applications is driving market growth.

Increasing adoption of 4D LiDar sensors

LiDAR (Light Detection and Ranging) sensors are a vital component of many sectors, including robotics and autonomous vehicles, in the quickly evolving field of technology. On the other hand, 4D LiDAR technology is raising the bar. 4D LiDAR performs best in situations with moving objects. Enhanced security in self-governing systems This translates to safer navigation across dynamic environments for drones and self-driving automobiles, which can react to moving impediments like falling objects or pedestrians in addition to static ones. Identify, categorize, and follow moving objects over extended distances, including cars, bikes, and pedestrians. Thus, the increasing adoption of 4D LiDar sensors is anticipated to present new opportunities for the LiDAR drone market players during the forecast period.

LiDAR Drone Market Report Segmentation Analysis

Key segments that contributed to the derivation of the LiDAR drone market analysis are technique and end-user.

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)

  • Based on the technique, the LiDAR drone market is segmented into High-Efficiency Particulate Air (HEPA), Ultraviolet Germicidal Irradiation (UVGI), activated carbon filtration, ionizer purifiers, and others.
  • By end-user, the market is segmented into commercial, residential, and industrial. 

LiDAR Drone Market Share Analysis by Geography

The geographic scope of the LiDAR drone market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, North America accounted for the largest LiDAR drone market share, due to growing investments in the aerospace and defense industries as well as the creation of cutting-edge technology. For example, the Department of Defense's budget for 2023 was revealed, totaling US$ 773 billion, an increase of 8.1% from FY 2022. The market is being driven by rising government spending in the defense industry. These expenditures push manufacturers in the LiDAR drone industry to employ and create high-tech military tools and equipment like LiDAR drones employed by the military and armed services. The market is being driven by the usage of LiDAR drones in defense applications such as mine countermeasures, battlefield mapping, autonomous military vehicle navigation, 3D tactical mapping, determining line of sight, and target tracking and detection.

LiDAR Drone Market Report Scope

LiDAR Drone Market News and Recent Developments

The LiDAR drone market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

  • In May 2022, Flyability unveiled the Elios 3, the world’s first collision-tolerant drone equipped with a LiDAR sensor for indoor 3D mapping. The drone is powered by a new SLAM engine called FlyAware™ that lets it create 3D models as it flies and is accompanied by a new version of Flyability’s software for inspectors, Inspector 4.0. (Source: Flyability, Press Release)
  • In February 2024, Wingtra, a leader in drone technology, announced the launch of its innovative LIDAR drone solution, a significant advancement in drone LIDAR technology. The new Wingtra LIDAR payload integrates the efficiency, ease of operation, and high accuracy of the WingtraOne GEN II drones with a state-of-the-art Wingtra-engineered LIDAR sensor, setting a new benchmark in the industry. (Source: Wingtra, Press Release)

LiDAR Drone Market Report Coverage and Deliverables

The “LiDAR Drone Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
REGIONAL FRAMEWORK

LiDAR Drone Market Report Analysis

LiDAR Drone Market

  • CAGR (2023 - 2031)
    24.1 %
  • Market Size 2023
    US$ 171.62 million
  • Market Size 2031
    US$ 965.27 million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Phoenix Aerial Systems
  • Velodyne LiDAR, Inc
  • Leica Geosystems AG
  • SICK AG
  • Riegl Laser Measurement Systems
  • 3D Robotics Inc.
  • DJI
  • FARO Technology
  • YellowScan
  • 3D Laser Mapping.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By LiDAR Type
  • Topographic and Bathymetric
By Component
  • LiDAR Lasers
  • Navigation and Positioning Systems
  • UAV Cameras
  • Others
By Drone Type
  • Rotary-wing LiDAR Drones and Fixed-wing LiDAR Drones
By Drone Range
  • Short
  • Medium
  • Long
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

LiDAR Drone Market Report Scope

Report Attribute Details
Market size in 2023 US$ 171.62 million
Market Size by 2031 US$ 965.27 million
Global CAGR (2023 - 2031) 24.1 %
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By LiDAR Type
  • Topographic and Bathymetric
By Component
  • LiDAR Lasers
  • Navigation and Positioning Systems
  • UAV Cameras
  • Others
By Drone Type
  • Rotary-wing LiDAR Drones and Fixed-wing LiDAR Drones
By Drone Range
  • Short
  • Medium
  • Long
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Phoenix Aerial Systems
  • Velodyne LiDAR, Inc
  • Leica Geosystems AG
  • SICK AG
  • Riegl Laser Measurement Systems
  • 3D Robotics Inc.
  • DJI
  • FARO Technology
  • YellowScan
  • 3D Laser Mapping.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    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.

    Frequently Asked Questions


    What is the estimated market size for the global LiDAR drone market in 2023?

    The global LiDAR drone market was estimated to be US$ 171.62 million in 2023 and is expected to grow at a CAGR of 24.1 % during the forecast period 2023 - 2031.

    What are the driving factors impacting the global LiDAR drone market?

    The increasing adoption of LiDAR drones in mining applications and the Increasing adoption of 4D LiDAR sensors are the major factors that propel the global LiDAR drone market.

    What are the future trends of the global LiDAR drone market?

    The growth in food insecurity due to a reduction in population growth and arable land has prompted farmers to shift towards precision agriculture is anticipated to play a significant role in the global LiDAR drone market in the coming years.

    Which are the key players holding the major market share of the global LiDAR drone market?

    The key players holding majority shares in the global LiDAR drone market are Phoenix Aerial Systems, Velodyne LiDAR, Inc., Leica Geosystems AG, SICK AG, and Riegl Laser Measurement Systems.

    What will be the market size of the global LiDAR drone market by 2031?

    The global LiDAR drone market is expected to reach US$ 965.27 million by 2031.

    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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