LiDAR Drone Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
LiDAR
Drone Market will exhibit a CAGR of 20.02% and reach USD 482.67
million by 2027, and the market value as per 2019 was USD 136.69 million.
Fortune
Business Insights™ in a recently published report, titled, “UAV LiDAR Market
Size, Share and Industry Analysis by Type (Solid-state LiDAR and
Mechanical LiDAR), By Application (Fixed Wing, Multirotor, Helicopter, Hybrid
Multirotor), and Regional Forecasts,2020- 2027.”
LiDAR Drone Market Drivers and Restraint :
LiDAR
technology is used for obtaining geographical information for mapping studies.
Owing to this, there has been an increasing demand for this technology from the
unmanned aerial vehicle (UAV) sector, thereby augmenting the global UAV LiDAR
market growth. In addition to this, most of the LiDAR systems consist of a
multi-sensor method further comprising of three time-synchronized components,
namely, a laser scanner unit, Inertial Measurement Unit (IMU), and Global
Navigation Satellite System (GNSS). The presence of these technologically
advanced lasers and sensor parts help in increasing its operability, thereby
aiding to the expansion of the market for UAV LiDAR in the forecast period.
On
the contrary, the lack of proper training institutes and skilled technicians to
operate UAVs may pose significant challenges to the market in the forecast
period. Additionally, various governments are imposing stringent regulations on
altitude and night time use of drone radars to avoid aerial accidents. This may
cause hindrance to the overall market in the forecast period.
Nevertheless,
the development of dynamic sensor technology, namely, the warning systems and
crash avoidance, may boost growth. This, coupled with the integration of
optical altimeter technology for determining accurate calculations concerning
size and weight, are likely to create lucrative growth opportunities for the
UAV LiDAR market in the coming years.
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List of Significant Manufacturers LiDAR Drone Market are:
- Leica
Geosystems AG (Switzerland)
- RoboSense
(China)
- Benewake
(Beijing) Co., Ltd. (China)
- LeiShen
Intelligent System Co., LTD (China)
- Velodyne
Lidar, Inc. (The U.S.)
- Delair
(France)
- RIEGL
Laser Measurement Systems GmbH (Austria)
- Phoenix
LiDAR Systems (The U.S.)
- Teledyne
Optech (Canada)
- Yellow
Scan (France)
- Other
players
Regional Analysis:
North America Earned Major Share Owing to its Increasing Use in
Government Surveys
In
2018, North America earned USD 44.95 million and emerged dominant with the
largest UAV LiDAR market share. This is attributable to the high presence of
UAV, as well as many players. Moreover, the presence of many consumers who
study the subject and its high implementation in this region would aid to the
expansion of the regional market. In 2019, Europe overpowered North America and
emerged dominant on account of the increasing demand for 3D image mapping for applications,
coupled with the presence of multiple players such as Yellow Scan, Delairl,
Leica, and others. Asia Pacific is expected to rise steadily in the forecast
period on account of the increasing number of companies manufacturing drones
for commercial purposes in India and China.
Complete Summary of research Report: https://www.fortunebusinessinsights.com/lidar-drone-market-102602
Segment-
Solid-state LiDAR Segment to Grow Significantly Owing to its
Cost-effective Benefits
Based
on segmentation by type, the solid-state segment is expected to exhibit
significant growth on account of its laser technology and other excellent
technical benefits in various applications. Besides this, it operates on
silicon chip technology and is cost-efficient, as compared to the mechanical
LiDARs.
Competitive Landscape:
Players Adopting Collaborative Strategies to Stay Put in
Competition
Some
of the players holding significant share in this market include REIGL, Teledyne
Optech, Leica, and Velodyne. Their dominance is attributed to their massive
investment in research and development activities and diverse product
portfolio. Other players are engaging in collaborative efforts to gain significance
in the market competition.
Some of the key industry developments in the LiDAR Drone
Market Include:
- April
2019 – Nikon and Velodyne Lidar entered into
a collaborative agreement for manufacturing Velodyne Lidar sensors in mass
quantity for expanding geographically into the other regions.
- March
2020 – The Teledyne Optech launched CL-360, a
compact lidar sensor optimized for mobile and UAV applications for use in
small-object detection and vegetation penetration.
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