Industry Background:
Lidar is short form for Light Detection and ranging technology which is used to study topography. It uses pulsed laser to generate precise three dimensional topography images by measuring the varied distances and different surface characteristics. Drones which are equipped with Lidar Pods or Lidar technology are said to be Lidar Drones. They are increasing in popularity because of its high efficiency and capabilities in studying in depth topography. It can collect the data of large sections of land on a single pass, thus saving time and costs compared to more traditional Photogrammetry technology enabled drones. It can be deployed on both rotary wing and fixed wing UAVs although short range rotary wing lidar drones account for largest market share. Currently, the most dominant market is North America.
According to AMA Research, the market for Lidar Drone is expected to register a CAGR of 9.8% during the forecast period to 2030. This growth is primarily driven by Growing Adoption of Drones in Various Applications and Democratization of Technology
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Robotics & Automation sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Phoenix LiDAR Systems (United States), Velodyne LiDAR, Inc. (United States), LiDARUSA (United States), RIEGL Laser Measurement Systems GmbH (Austria), YellowScan (France), Teledyne Optech (Canada), UMS Skeldar (Switzerland), Sick AG (Germany), MicroDrones (Germany) and OnyxScan (Belgium), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 2024, Inertial Labs is to develop an advanced LiDAR system with Sony for the Airpeak drone. The collaboration aims to enhance the capabilities of drones in various applications, including surveying, mapping, and cinematic videography.
In June 2023, Wingtra, a drone technology company based in Zurich, introduced a new LiDAR drone mapping solution that combines the WingtraOne GEN II drones with a newly developed LiDAR sensor. This integration aims to advance drone LiDAR efficiency, ease of use, and high accuracy.Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Influencing Trend:
Short Range Rotary-wing Lidar Drones Account for Largest Market Share
Market Growth Drivers:
Growing Adoption of Drones in Various Applications and Democratization of Technology and Advancement of Technology
Challenges:
Expensive Technology for Farmers in Developing Countries and Hard to Operate for Most of Older People
Restraints:
Less Awareness about the Presence and Benefits of the Product
Opportunities:
Agriculture Segment can Present Unprecedented Opportunities with Availability of Further Cheaper Drones
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Lidar Drone Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Lidar Drone Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Lidar Drone players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Lidar Drone Study Sheds Light on
The Lidar Drone Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Lidar Drone industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Lidar Drone industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.