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LiDAR Drone Market Size to Reach USD 482.67 Million by 2027: Advent of three-dimensional data capture platforms to Aid in Expansion of Market

July 23, 2020 | Aerospace & Defense

The global LiDAR Drone Market size is prophesied to hit USD 482.67 million by the end of 2027 owing to the growing inclination towards adopting new development in micro-electromechanical systems (MEMS) technology and fibre optics-gyroscope (FOG) in various LiDAR products. Light detection and ranging technology or LiDAR is used for obtaining geographical information in mapping studies. A recently published report by Fortune Business Insights, titled, “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,” states that the market value was USD 136.69 million in 2019 and is expected to rise at a CAGR of 20.02% between 2020 to 2027.


International LiDAR Mapping Forum hosted the Launch of DT26X LiDAR UAV


A significant supplier of drone solutions called Delair engaged in a partnership with RIEGL OEM to form and launch the next-generation high-performance sensor called Delair DT26X LiDAR UAV. This is the first long-range fixed-wing drone manufactured and has high-resolution RGB (red, green, blue) camera with 3D mapping technology. The details of this system were disclosed at the forum located in Denver.


The use of this new platform delivers terrain modelling and 3D mapping with accuracy. It is capable of operating in extreme environment, such as dense vegetative areas, mountains, and other places inaccessible owing to visibility, weight, or lighting conditions. These UAV LiDARs can fly up to 2,400 square acres within 100 minutes of flight time within a communication range of 30 kilometres.  The users can acquire the necessary information for a colourized cloud in a single flight and, thereby save both time and money as this makes the cloud classification process much more comfortable in the back office. Such innovations are likely to add impetus to the market for LiDAR drone in the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/lidar-drone-market-102602


Rising Popularity of Drone-based Technology to Favor Market Growth


Drone-based LiDAR technology gained immense popularity in the past few years and emerged as a better alternative for the remote sensing platforms. This stands as a major factor in promoting the UAV LiDAR market growth. Besides this, the increasing demand for this technology from the UAV sector, forestry, archaeology, geography, seismology, mapping, monitoring, farming, and other applications are also set to add a boost to the market in the coming years. It is also used for collecting accurate data of various mountain terrains and landscapes by engineers to create a 3D representation of shoreline structures, highways, roadways, breakwaters, bridges, and others.


On the contrary, the unavailability of skilled people and lack of proper training institutes are likely to pose major hindrances to the market growth in the coming years. Nevertheless, the use of photogrammetric software for making image processing to generate valuable data is expected to create lucrative growth opportunities to the market for LiDAR drone in the future.


Continuous Investment in Innovations by Players to Intensify Competition


The global LiDAR drone market is dominated by a handful of players, namely, REIGL, Teledyne Optech, Velodyne, and Leica. This is owing to the massive investments by these companies on research and development of innovative products. The other players are engaging in mergers and acquisitions, contracts and agreements, and other collaborative efforts to gain a competitive edge in the market competition.


Key Industry Developments of LiDAR Drone Market Include:



  • July 2019 – Applanix APX OEM Module, in collaboration with Beijing SureStar Technology, launched a new lightweight sensor mapping solution based on the UAV technology offering better performance at an efficient price.

  • April 2019 – Nikon and Velodyne Lidar engaged in a collaborative agreement for producing sensors based on LiDAR in mass quantity for Velodyne. This will help increase the brand names across regions and strengthen its position.


List of Prominent Players in the Market for LiDAR drone Include:



  • RIEGL Laser Measurement Systems GmbH (Austria)

  • Benewake (Beijing) Co., Ltd. (China)

  • Delair (France)

  • RoboSense (China)

  • LeiShen Intelligent System Co., LTD (China)

  • Yellow Scan (France)

  • Teledyne Optech (Canada)

  • Teledyne Optech (Canada)

  • Phoenix LiDAR Systems (The U.S.)

  • Leica Geosystems AG (Switzerland)

  • Velodyne Lidar, Inc. (The U.S.)

  • Other Players


Further Report Findings:



  • North America earned USD 44.95 million in 2018 and emerged dominant owing to the growing use of UAV LiDAR for several government projects related to mapping. In 2019, this region earned USD 54.81 million but was overpowered by Europe in terms of dominance. This is due to the increasing demand for 3D applications and a rise in the environment monitoring and infrastructural development.

  • Based on segmentation by application, the multirotor segment is expected to emerge as the fastest-growing segment in the forecast period on account of the rising demand for lightweight drones worldwide.


The Global Market is categorized into:










































SEGMENTATION



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2026



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)


Global LiDAR Drone Market
  • PDF
  • 2019
  • 2016-2018
  • 123

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