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LiDAR Drone Market Trends

Report ID: GMI10614
Published Date: Aug 2024
Report Format: PDF

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LiDAR Drone Market Trends

Innovations such as improved flight stability, extended battery life, and enhanced payload capacities make it feasible to integrate advanced LiDAR sensors into drones. These technological enhancements enable drones to perform more complex and detailed surveys, improving data accuracy and operational efficiency. Modern drones equipped with high-performance processors and advanced sensors can collect and process large volumes of LiDAR data quickly, supporting applications ranging from precision agriculture to urban planning. This evolution in drone capabilities enhances the utility and appeal of drones and reduces operational costs, making them more accessible to a broader range of industries.

To develop advanced LiDAR drones market players are focusing on mergers and acquisition of technology providers in the market. For instance, in August 2022, AeroVironment, Inc. acquired Planck Aerosystems, Inc. a provider of unmanned aircraft navigation solutions. The acquisition helped the company to speed the development of advanced autonomy capabilities for its unmanned aircraft systems. The continuous advancements in drone technology are projected to drive further growth in the market by expanding their applications and improving overall performance.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for LiDAR drone was valued at USD 183.4 million in 2023 and is estimated to register a CAGR of over 19% between 2024 and 2032, backed by the growing demand for precision mapping and surveying.

In 2023, the topographic segment accounted for a market share of over 75% and will witness high demand due to accurate and three-dimensional representations of land surfaces, essential for several applications such as construction, urban planning, and environmental management.

In 2023, North America had a significant market share of around 35% and will continue to grow impressive growth trends through 2032, driven by the expansion in infrastructure and urban development across the region.

Draganfly, Microdrones, Ouster, Phoenix LiDAR Systems, Quantum Systems, RIEGL, SZ DJI Technology Co. Ltd., UMS Skeldar, Wingtra, and YellowScan.