The global LiDAR drone market size is anticipated to reach USD 455.0 million by 2028 and exhibit a CAGR of 17.98% during the forecast period. The surging adoption of economical 3D imaging sensors is likely to boost market growth. Fortune Business InsightsTM has published this information in its report titled “LiDAR Drone Market, 2021-2028”. The market size stood at USD 129.0 million in 2020 and is predicted to reach USD 143.0 million in 2021.
Additionally, the rising use of LiDAR drones for corridor mapping applications is expected to boost the market growth as this technology has emerged as an effective solution for remote sensing platforms.
List of Key Players in the Market:
- Velodyne Lidar Inc. (U.S.)
- Teledyne Optech Inc. (Canada)
- RIEGL Laser Measurement Systems GmbH (Austria)
- Delair SAS (France)
- Phoenic LiDAR Systems (U.S.)
- Leica Ecosystems AG (Switzerland)
Drivers & Restraints-
Growing Adoption of Economical 3D Imaging Systems to Drive Market Growth
Drone technology has witnessed immense development and innovation over the past few years. LiDAR technology is vastly linked to airborne laser scanning, and drone using this technology has grown substantially due to developments in laser and sensor components. Mapping has proven effective in producing data about surface features and shapes from georeferenced spatial data. The improvements in sensor and laser components and drone technology have resulted in economical three-dimensional mapping systems. Therefore, the increasing adoption of economical 3D image mapping systems is likely to fuel the global LiDAR Drone Market growth.
Regional Insights-
Favorable Drone Flying Regulations to Boost Growth in North America
North America is projected to emerge dominant in the global LiDAR Drone Market share. The favorable drone flying regulations and swift adoption of modern technologies are anticipated to fuel the market growth. Moreover, the major manufacturers present in the U.S., are expected to complement the regional market growth.
Europe is expected to attain the second rank in the global market. Several manufacturers, including Delair, Yellow Scans, and Leica, present in the region are expected to boost the market growth. Moreover, the increasing infrastructural development and environment monitoring applications are likely to boost the growth of the market.
Browse Summary
https://www.fortunebusinessinsights.com/lidar-drone-market-102602
