The global market for LiDAR drones is expected to reach US$ 147.0 million in 2022, according to Future Market Insights. Between 2022 and 2032, the global sales of LiDAR drones are anticipated to grow at a rate of 19.8% CAGR. The entire market value for LiDAR drones will be close to US$ 892.0 million by 2032.
Throughout the assessment period, rotary-wing drones will continue to generate the most revenue. Through 2032, the market for rotary-wing LiDAR drones is anticipated to grow at a 19.7% CAGR.
Growth in usage in the mining and agriculture industries is fuelling the need for LiDAR drones. Drone makers will have significant expansion potential as mining, agriculture, and traffic surveillance investments continue to grow.
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Drones with LiDAR technology are widely employed in the mining sector to streamline operations. Additionally, they improve worker safety and aid in preventing accidents. Thus, through 2032, the mining sector’s expansion will increase demand for LiDAR drones.
Drones with LiDAR technology are also becoming more widely used in precision agriculture. Thus, the quick transition to modern agricultural methods will open up profitable opportunities for manufacturers.
LiDAR drone sales will increase as more government programs that support the use of LiDAR drones for surveys and law enforcement are implemented.
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, a 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.
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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
Table of Content
1. Executive Summary | LiDAR Drone Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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