Meticulous Research®—a leading global market research company, published a research report titled, ‘LiDAR Drones Market by Survey (Topographic LiDAR, Bathymetric LiDAR), Type (Wing Drones, Rotary Drones), Range (Tactical, Medium, Long), End User (Agriculture, Construction, Power & Utilities, Mining), End User and Geography - Global Forecast to 2030.’
According to the latest publication from Meticulous Research®, the LiDAR drones market is projected to reach $1.9 billion by 2030, at a CAGR of 17.6% during the forecast period of 2023 to 2030.The growth of this market is attributed to the growing application of LiDAR drones in land surveying, construction site monitoring, and environmental monitoring; the rising use of LiDAR drones for producing precise and accurate 3D maps and models; and growing agriculture drone applications. Furthermore, the increased use of LiDAR for environmental purposes and the emergence of 4D LiDAR sensors are expected to create significant opportunities for this market.
However, the high cost of LiDAR drones hampers the growth of this market. In addition, the inability to function through heavy rain, snow, and fog is a major challenge to the growth of this market.
The global LiDAR drones market is segmented based on survey method, type, range, end user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
The key players profiled in the global LiDAR drones market study include Ouster, Inc. (U.S.), Teledyne Geospatial (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Phoenix LiDAR Systems (U.S.), YELLOWSCAN (France), SICK AG (Germany), DELAIR SAS (France), UMS SKELiDAR (Switzerland), mdGroup Germany GmbH (Germany), draganFLY INC (Canada), Geodetic Systems, Inc. (U.S.), Cepton, Inc. (U.S.), PrecisionHawk, Inc. (Canada), SureStar (Beijing), and SZ DJI Technology Co., Ltd. (China).
Based on survey method, the global LiDAR drones market is segmented into topographic LiDAR and bathymetric LiDAR. The bathymetric LiDAR is projected to register the highest CAGR during the forecast period. This LiDAR is widely used to measure the depth of water bodies and create high-resolution maps of underwater topography. It is a specialized form of LiDAR that uses a combination of green and blue lasers to penetrate the water and reflect off the seafloor or riverbed. Moreover, increased marine activities, including dredging, reclamation, offshore drilling, and other marine constructions, are expected to further fuel the segment's growth.
Based on type, the global LiDAR drones market is segmented into wing and rotary drones. The wing drones segment is projected to register the highest CAGR during the forecast period due to its stability in windy environments. Additionally, wing drones survey the large surface up to 10 km2 with a single flight in a shorter period and provide quality images for professional and technical use.
Based on range, the global LiDAR drones market is segmented into tactical range (up to 130 m), medium range (130m-230 m) and long-range (more than 230m). The long-range (more than 230 m) is projected to register the highest CAGR during the forecast period. Long-range LiDAR drones can scan at high speeds at 360° angles. Long-range LiDAR drones have a wide range of applications, including land surveying, infrastructure inspection, environmental monitoring, and disaster response. They are particularly useful for mapping large areas quickly and efficiently, as they can quickly cover large distances and capture detailed data with high accuracy.
Based on end-use industry, the global LiDAR drones market is segmented into agriculture, archaeology, construction, power & utilities, mining, oil & gas, forestry, and other end users. The construction is projected to register the highest CAGR during the forecast period. These drones use LiDAR technology to create detailed 3D maps of construction sites, providing accurate and up-to-date information on the site's topography, terrain, and infrastructure. LiDAR drone is crucial for the construction industry as it provides qualitative data while saving costs. LiDAR drones can quickly and accurately map large construction sites, providing detailed information on the site's topography and features. This information can be used to identify potential hazards, plan the construction process, and ensure compliance with regulations.
Based on geography, the global LiDAR drones market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register the highest CAGR during the forecast period owing to the growing adoption of LiDAR drones in several industries, such as construction, environment, and exploration. The demand for LiDAR drones in Asia is expected to grow as industries increasingly recognize the value of accurate and up-to-date mapping and surveying data. While regulatory and safety challenges may need to be addressed, LiDAR drones have the potential to revolutionize the way many industries in Asia operate, making them more efficient, cost-effective, and sustainable.
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