Global LiDAR Drone Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global LiDAR Drone Market 2021 (Includes Business Impact of COVID-19)
Global LiDAR Drone Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global LiDAR drone market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global LiDAR drone market report has been segmented on the basis of component, product type, application, and region.

The global LiDAR Drone market size was valued at USD $86.12 million in 2020 and is projected to reach $1135.73 million by 2030, and is anticipated to expand at a CAGR of 27.83% over the forecast period from 2020 to 2030.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

LiDAR (light detection and ranging) is a type of remote sensing technology, which scans environment using pulse laser beam, and the time taken for signal to reflect back from the object to the detector is measured. Drones containing this light detection ranging technology are known as LiDAR drones. In the scanning process, LiDAR systems collect all the information regarding its distance points in order to create three dimensional image of the environment. LiDAR technology is used in drones as it provides data of high accuracy and helps in efficient data acquisition.

Dynamics:

Increasing adoption of laser scanner for creation of three directional model is a major factor driving growth of the global LiDAR drone market. Growing use of LiDAR drones for automation of process in various end-use applications is another factor supporting growth of the global market. Growing construction sector, coupled with increasing demand for LiDAR drones from various infrastructure such as commercial buildings, residential complexes, and roads & railways for corridor mapping is another factor expected to support growth of the global market. Furthermore, usage of drones to deliver packages is another factor expected to boost growth of the global LiDAR drone market in the near future.

However, growing concerns regarding air traffic management and regulations regarding flying areas of drone are factors that may hamper growth of the global LiDAR drone market. Nevertheless, increasing use of drones in agriculture especially for precision farming can create high revenue opportunities for players operating in the target market.

Segment Analysis:

On the basis of product type, the rotary wing segment is expected to register high growth in terms of revenue in the near future. Growing preference for rotary wing drones owing to its ability of hovering for longer time and vertical take-off is a factor supporting growth of this segment in the global market. On the basis of application, the corridor mapping segment is expected to dominate in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period.

Regional Analysis:

Market in North America is expected to account for major share in terms of revenue in the global market, and is expected to maintain its position over the forecast period, followed by market in Europe. Increasing adoption of LiDAR drones owing to its features of affordability and high accuracy in data collection is a factor driving growth of the target market in this region. Asia Pacific market in anticipated to register fastest growth in terms of revenue in the near future. Increasing adoption of LiDAR drones for surveillance is a factor fueling growth of the target market in this region.

Global LiDAR Drone Market Segmentation:

Segmentation by component:

  
UAV Camera
  
LiDAR Laser
  
Navigation and Positioning unit

Segmentation by product type:

  
Fixed Wing
  
Rotary Wing

Segmentation by application:

  
Construction
  
Corridor Mapping
  
Environment
  
Precision Agriculture
  
Archeology
  
Entertainment


Key Market Players included in the report:


  
3D Robotics
  
Beijing SureStar Technology Co. Ltd. (China)
  
Benewake (Beijing) Co.Ltd. (China)
  
Cepton Technologies Inc. (US).
  
Delair (France)
  
Faro Technology
  
Geodetics Inc. (US)
  
GreenValley International (US)
  
Leica Geosystems
  
LiDARUSA (US)
  
Livox (China)
  
MicroDrones (Germany)
  
NextCore (UK)
  
OnyxScan (Belgium)
  
Optech
  
Phoenix LiDAR Systems (US)
  
Riegl Laser Measurement Systems
  
Routescene (UK)
  
SABRE Advanced 3D Surveying Systems (UK)
  
Sick AG (Germany)
  
SZ DJI Technology Co. Ltd
  
Teledyne Optech (Canada)
  
Trimble Navigation Limited
  
UMS Skeldar (Switzerland)
  
Velodyne LiDAR Inc. (US)
  
YellowScan (France)


Below are the key development related to LiDAR Drone Market in 2020 and 2021.


July 2021:  Trentar Pvt Ltd announced one of the most significant acquisitions alongside a controlling stake with Indias leading Drone-based Service provider and AI Powered Platform Company, GardudaUAV. This acquisition will focus on igniting and scaling-up new-age businesses based on Drone Services and Software. While the pandemic has created an unprecedented spike to rely on technology, theres an ardent need to scale up Drone-based Services to help automate and digitize hitherto manual processes like mapping, surveying, inspection, maintenance, surveillance. Drones deliver aerial data sets with improved accuracy, enhanced safety, and reduced costs. Source

January 2021: Volatus Aerospace continues expansion with acquisition of UAViation Aerial Solutions in British Columbia. Volatus Aerospace, a fast-growing integrated provider of unmanned aircraft and drone services, has reached an agreement to acquire an equity interest in UAViation Aerial Solutions Ltd of Vancouver BC and Edmonton AB. Source