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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).

Leading market players including Velodyne Lidar, Inc., Teledyne Optech, RIEGL Laser Measurement Systems GmbH, and Leica Geosystems AG place a strong emphasis on continuous innovation to provide a wide range of products. Additionally, they are expanding their R&D spending as well as their interest in adopting new technology, making strategic acquisitions, and forming partnerships in order to build and create the next generation of LiDAR drone solutions. To maintain their market positions, significant corporations are also implementing organic and inorganic growth tactics including new product releases, long-term agreements with surveying firms, and establishing long-term connections with OEMs. 'Velodyne Lidar, Inc.', 'DJI', 'RIEGL Laser Measurement Systems GmbH', 'Leica Geosystems AG', 'FARO Technologies, Inc.', 'Phoenix LiDAR Systems', 'YellowScan', 'Geodetics, Inc.', 'Teledyne Optech', 'Trimble Inc.', 'Quanergy Systems, Inc.', 'Topcon Corporation', 'Livox Tech', 'Optech Inc.', 'Cepton Technologies, Inc.', 'Hoverfly Technologies Inc.', 'SICK AG', 'Quantum Spatial', 'GeoSLAM', 'Routescene Ltd.'

LiDAR drones are used by project managers in the construction industry to accomplish duties precisely and collect accurate and exact elevation data. Models of buildings, landscapes, and other things built by humans are also made using them. Accident scenes, forestry, agriculture, gardening, terrain modeling, archaeology, and mine inspection are further applications. The defense sector is also adopting LiDAR technology more and more. Unmanned aerial vehicles for aerial surveillance are just one example of the new defense equipment being developed as a result of technology. These elements are driving the market for LiDAR drones.

Due to the increasing use of drones in various applications around the world, the demand for LiDAR has been rising more quickly. The combination of contemporary positioning, navigation, and mapping technology results in numerous benefits and operational advantages for products based on UAVs. Modernization of dynamic sensors is expanded by technology like accident prevention and warning systems range and increases its allure, especially for UAV-based LiDAR. Certain sensors utilize optical altimeter technology to produce precise measurements, and calculations based on the weights and measurements required for different types of inquiries. Now, manufacturing companies may offer a more affordable product range of these sensors powerful devices, and lightweight components. Unmanned aerial vehicles are easily equipped with photogrammetric software (UAV). Image compared to conventional systems, processing software produces better and more valuable data for government agencies and important corporate decisions. The purpose of these drones is to analyze photos accurately and provide high-quality 3D photographs of objects above the earth level in multiple product categories. Enormous point clouds with record-breaking resolution and a laser scanner based on a micro electro mechanical mirror have been developed. The evolving trend in consumer preferences is the main factor driving market expansion in the years to come and high use throughout a variety of applications.

Based on regional analysis, North America accounted for the largest revenue share in 2021 with a market share of 34.5%, North America will take the lead in the worldwide LiDAR drone market due to the rapid use of contemporary technologies and favorable drone flying laws are expected to drive market expansion. Major U.S. manufacturers are also anticipated to support the expansion of the local market.

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Global lidar drone market

Product ID: SQSG45J2013