Product ID: SQSG45J2013
Global Lidar Drone Market Size, Share, Growth Analysis, By Type Analysis(Solid-State, Mechanical LiDAR), By Application(Mapping, Cartography) - Industry Forecast 2024-2031
Report ID:
SQSG45J2013 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
67 |
Figures:
75
Global Lidar Drone Market Insights
Global Lidar Drone Market size was valued at USD 2.53 billion in 2019 and is poised to grow from USD 3.09 billion in 2023 to USD 4.71 billion by 2031, growing at a CAGR of 9.8% in the forecast period (2024-2031).
A technique called LiDAR is used to identify, recognise, and create virtual representations of objects. Because it is accessible in both 2D and 3D forms, it is the most recent remote sensing technology. Currently, the technology is used in many other industries, including as building, engineering, archaeology, and GIS mapping. This LiDAR market sector is increasing quickly because to the efficient, tiny image-capturing sensors found on autos. For instance, prominent corporations like Velodyne, Routescene, YellowScan, and Riegl have invested a significant amount of money in the creation of small drones. The gadget has the highest quality imaging capabilities for each LiDAR system's functional capabilities. As a result, it is often utilised in a variety of industries, including the aerospace, automotive, medical, and military.
The growing demand for LiDAR as a result of its many applications will cause the global LiDAR market to grow during the coming years.
A 3D point cloud is the final result of LiDAR drone surveys, and it depends on the features of the sensors that are mounted on these drones as well as flight parameters like the height and distance of the LiDAR drone's flight. LiDAR sensors produce a monochromatic dataset that is difficult to interpret. Using photogrammetry techniques, fully coloured 2D or 3D models can be produced, making them simple to view and comprehend. Drones that use LiDAR can collect and interpret data more quickly than those that use photogrammetry. LiDAR drones, in contrast, cost more than photogrammetry equipment.
Their low price may be explained by the usage of drones with a single camera to transport photogrammetry equipment. These drones are priced between US$ 5,000 and US$ 20,000. LiDAR sensors are required for LiDAR drones and can range in price from $50,000 to $300,000. These pricey sensors are mounted on reliable drones that cost between US$25,000 and US$50,000. Thus, the cost of LiDAR drones as a whole is increased by this complex technology. Therefore, the availability of cheap and lightweight photogrammetry equipment serves as a barrier to the expansion of the LiDAR sector.
US Lidar Drone Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Lidar Drone Market Report Snapshots
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