Future Market Insights estimates that the global LiDAR drone market would be worth $147.0 million by 2022. From 2022 to 2032, the whole LiDAR drone industry is predicted to increase at a 19.8% annual pace. By 2032, the LiDAR drone market is anticipated to be worth around US$ 892.0 million.
During the review phase, rotary wing drones will remain the top revenue-generating category. Through 2032, the rotary wing LiDAR drone market is expected to develop at a 19.7% CAGR.
The mining and agriculture industries are driving up demand for LiDAR drones. Increased expenditures in road traffic, mining, and agricultural surveillance will provide several chances for drone manufacturers to develop.
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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.
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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