The size of the worldwide LiDAR drone market was estimated by Future Market Insights to be US$ 147.0 million in 2022. Between 2022 and 2032, the whole LiDAR drone market is expected to grow at a 19.8% annual growth rate. The whole LiDAR drone industry is expected to be valued at around US$ 892.0 million by 2032.
During the evaluation phase, rotary wing drones will continue to be the leading revenue-generating category. Through 2032, the rotary wing LiDAR drone market is projected to grow at a 19.7% CAGR.
Demand for LiDAR drones is being driven by increased use in the mining and agriculture sectors. Growing investments in road traffic, mining, and agricultural monitoring will open up a plethora of opportunities for drone manufacturers to expand.
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LiDAR drones are extensively used in mining industry to make the workflow smooth. They also enhance workers’ safety and help avoid accidents. Hence, expansion of mining industry will elevate LiDAR drone demand through 2032.
LiDAR drones are also gaining wider popularity in precision agriculture applications. Rapid shift towards modern agricultural practices will thus create lucrative opportunities for manufacturers.
Increasing government initiatives encouraging use of LiDAR drones for surveys and law enforcement will boost LiDAR drone sales.
Key Takeaways from LiDAR Drone Market Report:
- The worldwide LiDAR drone market size will reach US$ 892.0 million by 2032.
- Global LiDAR drone sales are set to rise at 15.9% CAGR through 2033.
- By drone type, rotary wing drone demand will increase at 19.7% CAGR between 2022 and 2032.
- Based on LiDAR type, topographic segment is likely to expand at 19.6% CAGR.
- The United States LiDAR drone market is forecast to reach a valuation of US$ 258.2 million in 2032.
- Sales of LiDAR drones across South Korea are set to surge at 20.2% CAGR through 2032.
- The United Kingdom LiDAR drone market will progress at 18.8% CAGR.
- LiDAR drones demand across China is likely to rise at 20.8% CAGR over the next ten years.
“Widening application area of LiDAR drones will play a key role in boosting the global market through 2033.” Says a lead Future Market Insights analyst.
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Who is Winning?
Key LiDAR drone manufacturers are constantly developing effective high-resolution scanning solutions. They are focused on their alliances with AI companies, technology collaborations, and product launch strategies.
Recent Developments:
- In 2022, Censys Technologies integrated LiDAR technology into their fixed wing vertical take-off and landing drone (VTOL).
- In September 2022, Faro Technologies completed the transactions of buying United Kingdom-based company GeoSLAM Ltd. GeoSLAM Ltd is a provider of mobile scanning solutions.
LiDAR Drones Segmentation
By LiDAR Type:
- Topographic
- Bathymetric
By Components:
- LiDAR Lasers
- UAV Cameras
By Drone Type:
- Rotary Wing
- Fixed Wing
By Range:
- Short Range
- Medium Range
- Long Range
By Application:
- Agriculture
- Corridor mapping
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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