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LiDAR Drone Market Size, Share and COVID-19 Impact Analysis, by Type (Solid-state LiDAR and Mechanical LiDAR), By Application (Fixed Wing, Multirotor, Helicopter, Hybrid Multirotor), and Regional Forecasts, 2020- 2027

Region : Global | Format: PDF | Report ID: FBI102602

 

KEY MARKET INSIGHTS

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The global LiDAR drone market size was valued at USD 136.69 million in 2019 and is projected to reach USD 482.67 million by 2027, exhibiting a CAGR of 20.02% during the forecast period (2020 – 2027).

COVID-19 Cover

This report covers COVID-19 impact analysis on LiDAR Drone Market

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Light detection and ranging technology (LiDAR) is known for its high cost & expensive renting system due to the usage of fixed-wing aircraft, pilot, and LIDAR operators. The LiDAR drone market component, attributed to the increased due to used for several indsutrieal applications. The high budget studies included heavy use of LiDAR technology to obtain geographical information for mapping studies. The emergence of unmanned aerial vehicles (UAV) technology from the past few years has lowered down the study cost as it does not require aircraft cost, pilot cost, and operation cost. Therefore, the use of cost-effective lasers and sensor components, which are more advanced than conventional counterparts, are projected to fuel the demand for new generation UAV LiDAR products across the globe in the coming years.


A drone equipped LiDAR products are highly facilitated, owing to the presence of technologically advanced lasers and sensors components. These sensors are recently developed and engineered by the key payers. Most LiDAR systems are equipped with a multi-sensor system comprising of three time-synchronized components such as Global Navigation Satellite System (GNSS), Inertial Measurement Unit (IMU), and a laser scanner unit. The industry trend is shifted to the adoption of fiber optics-gyroscope (FOG) and new development in micro-electromechanical systems (MEMS) technology in several LiDAR products. Thus, the OEMs in this market are involved in innovations and adopt new strategies to enhance their market share. Therefore, an increase in demand for excellent quality UAV LiDAR systems for numerous applications is projected to boost the global LiDAR drone market growth during the forecast period.


LATEST TRENDS


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Growing Adoption of Advanced Sensor Technologies to Enhance Efficiency and Stability


The demand for drone LiDAR is growing continuously at a faster rate due to the increase in popularity of drones in different applications across the globe. The adoption of new improvements in mapping technology, along with the navigation and positioning systems, is adding a large number of operational benefits in UAV LiDAR products. The development of dynamic sensor technology such as crash avoidance and warning systems, especially for UAV based LiDAR, is making the product portfolio-wide and attractive. Various sensors have integrated optical altimeter technology to determine the accurate measurements and calculations according to the weights and size required for the different kinds of studies. These sensors have made product portfolio cost-effective to the manufacturing companies.


Lightweight components and devices are easily mounted on the Unmanned Aerial Vehicles (UAV) together with the advanced photogrammetric software. The image processing software is generating better and valuable data than conventional systems for government organizations and strategic business decisions. UAV LiDAR products are designed to generate high resolution, 3D images, and accurate images processing of objects above the ground level in various product ranges.  Innovation in a micro-electromechanical mirror-based laser scanner is providing large point clouds, which are unprecedented in resolution and density. The shifting trend in high adoption for various applications is the major factor anticipated to boost the market in the coming years.


DRIVING FACTORS


Increase in Demand for Cost-Effective 3D Image Mapping System is Promoting Growth


An increase in popularity in the photogrammetric system field by non-metric digital cameras mounted on unmanned aerial vehicles such as fixed-wing aircraft or multi-copter is projected to boost the market in the future years. The light detection and ranging (LiDAR) are majorly associated with airborne laser scanning technology. The innovation and drone technology is witnessing a strong growth from the last few years. Drone LiDAR has gained strong growth owing to technological advancement in sensors and laser components and lidar lasers uav cameras. It is widely adopted in some key applications such as construction, vegetation monitoring, mapping, forestry, geography, archaeology, seismology, and precision farming.


The new development has resulted in improved laser sensor technology, and UAV scanning applications such as the high altitude airborne LiDAR enhances the spectrum of application in the infrastructure industry. LiDAR mapping is an accepted and precise method of generating information directly from geo-referenced spatial data about the shape and surface characteristics. The new advancement in LIDAR mapping technology for scientists and professionals is involved in examining the forest environments, constructed environment, and its growth in a widescale range.  UAV LiDAR mapping requirement has brought accurate scaling, as LIDAR mapping provides greater accuracy, precision, and flexibility. These factors are projected to promote market growth.


Growing Demand for UAV LIDAR in Corridor Mapping Application to Augment Growth


UAV LIDAR has become a prominent method of collecting accurate data of several dense landscapes and mountain terrains. The remote sensing techniques are similar to radar technology but mainly use laser light pulses instead of radio-wave. Experts and engineers are widely using this technology for creating a three-dimensional representation of highways, breakwaters, shoreline structures, railroads, roadways, bridges, and buildings. An increase in demand for three-dimensional mapping for infrastructural development projects is expected to fuel the LiDAR drone market around the globe in the coming years.


The rise in usage of drone-based LiDAR technology is proven as the best alternative for remote sensing platforms in numerous applications from the past few years. It is providing a distinctive combination of very high-resolution data captured at a very low survey cost. Most of the application includes three-dimensional data acquisition platforms such as archaeological surveys, forest monitoring, and vegetation monitoring. This technology uses image matching and photogrammetric techniques by allowing high-density point clouds. The UAV helps to collect very high-resolution imagery to generate a high-density point cloud. These factors are likely to fuel the market in the future.


RESTRAINING FACTORS


Unavailability of Skilled Person and Stringent Regulations are Major Restraints Affecting Growth


LiDAR drone has gained tremendous popularity across the globe. The industry is experiencing strong growth due to support by numerous technical benefits associated with it. LiDAR is one of the high-cost technology compared to other counterparts, such as the photogrammetric system. The easy availability and low cost of a photogrammetric system are likely to hamper the market during the forecast period. The industry is facing major challenges in terms of lack of training institutes and skilled technicians to operate long-distance UAV and drone coverage. Unlikely commercial pilots of traditional aircraft and drone pilots are not skilled or certified by any institution. However, the unmanned aerial vehicles always carry a risk for severe damage or accidents on the airfield during remote operations. These factors are expected to hinder growth during the forecast period


The U.S. Federal Government has implemented stringent rules and regulations over the use of UAVs or drones over safe flights in the aviation sector. These rules are imposed by governments to avoid any severe accidents caused by drones. Furthermore, the federal government also restricted drones flying during night hours and restricted daytime flying above an altitude of 400 meters. Several countries are focusing on framing various regulations related to unmanned aerial vehicles (UAV) and their operation for commercial usage. Most countries have implemented stringent guidelines for the use of unmanned aerial aircraft at certain heights and perimeters owing to safety concerns.


The COVID-19 outbreak is Projected to Register Negative Growth for Market in 2020


World Trade Organization has declared a public health emergency due to the outbreak called Coronavirus spread. The impact of COVID-19 disease has already starting to spread across the supply chain of every industry, owing to severe lockdown situations around the globe. Therefore, the government survey and use of drone LiDAR in various countries are at ceasing for the specific period in major fields of corridor mapping. Some of the other key government projects include power lines, railway tracks, and pipeline inspection along with the projects about infrastructure development, construction site monitoring, and forest monitoring.


The demand side of UAV LiDAR market players is facing major concerns regarding the purchase of a wider range of products in several countries from the past few months. Most of the manufacturing companies are facing severe challenges over their production schedule for orders taken from various customers. Numerous manufacturing companies are facing months of the backlog in the production schedule due to severe lockdown around the globe. The uncertainty due to lockdown is creating a long delay in government projects such as infrastructure development in various countries, directly affecting the profit margins of UAV LiDAR manufacturers. However, the cost of operation and cost of production may pose major challenges for players in terms of salaries of their employees. Several new projects are being delayed by various customers that are directly affecting the profit margins of the companies. Therefore, several supplier companies are facing major concerns due to an increase in warehouse costs from the other end.


SEGMENTATION


By Type Analysis


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High Demand for Advanced Solid-state UAV LiDAR to Boost Market


Based on type, the LiDAR drone market is classified into solid-state LiDAR and mechanical LiDAR. The solid-state segment is projected to grow at the highest CAGR during the forecast period owing to its excellent technical benefits in numerous applications in the market. The new product development in various laser-oriented circuits is gaining huge popularity. The rise in the adoption of laser technology owing to its cost-effective benefits is expected to increase the efficiency of drones LiDAR products in the future years.


 The solid-state segment is entirely dependent on silicon chip technology, which makes UAV lighter and faster as compared to conventional products. The solid-state LiDAR is a compact chip and robust technology and helps to save construction space for the scanners and other devices on LiDAR. This new development is providing higher resolution advantages for various applications such as corridor mapping and precision agriculture applications sector. These developments are useful to enhance 3D mapping with excellent results in suitable applications. Therefore, these factors are projected to augment growth in the future years.


By Application Analysis


Increase in Use of Rotary Wing Based Drones are Projected to Drive Market


By application, the market is segmented into fixed-wing, multirotor, helicopter, and rotary wing LiDAR drones. The multirotor segment is projected to be the fastest-growing application of the market owing to the increasing demand for lightweight drones around the world. Furthermore, the multirotor drones offer cost-effective benefits in 3D image mapping applications as compared to fixed-wing drones. The new development of enhancing the stability and quick positioning of the UAVs is improving the efficiency of the mapping application. Multirotor type is gaining popularity across the globe due to its easy flight controlling benefits over the conventional products. It provides great control for covering the huge area for mapping in various terrains, forests, and farms. The use of the multirotor segment is gaining popularity in various studies of corridor mapping such as railways highways, building construction due to its excellent control and stability benefits. This development is providing outstanding results in the mapping studies due to its easy short-range coverage in various countries. These factors are expected to add impetus to the market during the forecast period. The fixed wing lidar drones segment, is expcted to witnesses secure growth rate thoughout the forecast period.


REGIONAL INSIGHTS


North America LiDAR Drone Market Size, 2016-2027 (USD Million)

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The findings based on our research methodology indicate North America held the over 40% liDAR drone market share in 2019. Moreover, this region has the presence of a large number of UAV LiDAR system manufacturers supporting the growth in the region. The U.S. has a strong presence of experts and professional users for several studies that facilitate the significant growth of the drone LiDAR market. The U.S. is witnessing the excellent innovation and development for enhancing the LIDAR based technology to improve results in the mapping industry. The increase in use in several studies and government surveys is adding impetus to the market across the globe. Europe held key shares in 2019 owing to the presence of multiple manufacturers in this region, such as Leica, Delair, and yellow scans, among others. Growing demand for 3D image mapping for various applications in the countries due to the increased environment monitoring and infrastructural development is likely to drive the market in the coming years. As per our drone LiDAR market research study, Asia Pacific is anticipated to experience strong growth during the forecast period owing to the significant rise in commercial drone manufacturers in developing countries such as India and China. This region is expected to witness long-term growth due to the strong presence of several component manufacturers and users across the region. The Asian countries also have benefits in the drone LiDAR market in the agriculture sector for key applications such as precision farming and disease controlling studies. An increase in demand for LiDAR in the Asian countries is projected to fuel the regional market growth in the next few years.


Furthermore, the Middle East & Africa market is expected to increase at moderate CAGR, owing to the significant number of users in this region. Besides, the increasing investment in infrastructural development in the region is expected to drive the market in the Middle East Africa region.  Moreover, the market in the rest of the world is expected to witness moderate growth due to the increase in demand for cost-effective studies and government surveys in countries such as South Africa and Turkey.


KEY INDUSTRY PLAYERS


Adoption of Advanced Technology, Continuous Innovation, and Acquisition Strategies to Intensify Market Competition


The competitive landscape of the market depicts the domination of selected players such as Velodyne, Leica, REIGL, and Teledyne Optech, among others. A diversified product portfolio, coupled with increased investment in R&D and strategic acquisition, are prominent factors responsible for the strong dominance of these companies. These companies are adopting organic and inorganic growth strategies such as mergers and acquisitions, new product launches, entering into long-term contracts with surveying companies, and building long-term relationships with OEMs.


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • In March 2020- Teledyne Optech, a Teledyne Technologies company, has launched the newest compact lidar sensor, Teledyne Optech’s CL-360. The newly launched product is fully optimized for UAV and mobile applications, with the industry’s fastest leading scan speed in the key application such as vegetation penetration and small-object detection. This product CL-360 has enabled LiDARUSA to design a product that offers unmatched performance, data quality, and collection efficiency for UAV and mobile projects. This strategic product launch will increase the customer base and enhance the market share of the company across the globe in the next few years.

  • August 2019- Velodyne Lidar, The U.S. based LiDAR manufacturer, introduced the Puck 32MR sensor to address key markets in the autonomous industry. This product offers a cost-effective solution for low-speed UAV markets. The Puck 32MR sensor used in industrial vehicles, robotics, shuttles, and unmanned aerial vehicles (UAVs) to increase overall efficiency ad desired output. This product launch strategy is likely to increase the customer base and enhance the market position of the company in the future years


REPORT COVERAGE


The report offers qualitative and quantitative insights on the UAV LiDAR systems and detailed analysis of market size & growth rate for the segments in the market.


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Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape. Key insights offered in the report include the adoption of advanced technology, recent industry developments such as partnerships, mergers & acquisitions, consolidated SWOT analysis of key players, Porter’s five forces analysis, business strategies of leading market players, macro and micro-economic indicators, and key industry trends.


Report Scope & Segmentation










































SEGMENTATION



DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million)



By Type




  • Solid-state LiDAR

  • Mechanical LiDAR



Application




  • Fixed-wing

  • Multirotor

  • Helicopter

  • Rotary wing



By Region




  • North America (the U.S., and Canada)

  • Europe (the U.K., Germany, France, Russia and the Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, and the Rest of Asia Pacific)

  • Middle East (Saudi Arabia, UAE, Israel, and the Rest of the Middle East)

  • Rest of the World (Latin America and Africa)



Frequently Asked Questions

In 2019, the global LiDAR drone market was USD 136.69 Mn, and it is anticipated to reach USD 482.67 Mn by 2027, growing at a stellar CAGR of 20.02% during the forecast period (2020-2027).

In the market, mechanical LiDAR type and multirotor application are the leading segments.

Some of the driving factors for the market are rising demand for 3D production image mapping applications for corridor mapping, forest mapping, and precision agriculture is likely to boost market size.

In the market, some of the key players are Velodyne, Leica, REIGL, and Teledyne Optech, among others

Key players are mainly focusing on establishing a strong supply chain network in high growth regions such as Asia-Pacific. Furthermore, the companies are focusing on high investment in the R&D capabilities for designing lightweight, durable, and cost-effective UAV LiDAR systems.

LiDAR Drone Market Size, Share and Global Industry Trend Forecast till 2026
  • Jul, 2020
  • 2019
  • 2016-2018
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