Global LiDAR Drone Market: Insights, Trends & Forecasts 2020-2025 - Emergence of 4D LiDAR Sensors Presents Robust Opportunities
DUBLIN, Feb. 3, 2020 /PRNewswire/ -- The "LiDAR Drone Market by Component (LiDAR Lasers, UAV Cameras), Type (Rotary-wing LiDAR Drones, Fixed-wing LiDAR Drones), Range (Short, Medium, Long), Application (Corridor Mapping, Archeology, Environment), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The LiDAR drone market is projected to grow from USD 133 million in 2020 to USD 392 million by 2025; it is expected to grow at a CAGR of 24.2% from 2020 to 2025.
Key factors fueling the growth of this market include easing of regulations related to the use of commercial drones in different applications and growing demand for LiDAR drones for use in corridor mapping and precision agriculture applications. However, the stringent regulations and restrictions related to the use of drones in various countries are expected to hinder the growth of the market during the forecast period.
The medium-range LiDAR drones segment is projected to grow at the highest CAGR during the forecast period.
The medium-range LiDAR drones segment is projected to lead the market from 2020 to 2025. Medium-range LiDAR drones fly at an altitude ranging from 200m to 500m. They can be deployed to scan large areas. Moreover, the governments of a number of countries have moderate regulations for using medium-range LiDAR drones.
The rotary-wing LiDAR drones segment is projected to grow at a higher CAGR than the fixed-wing LiDAR drones segment from 2020 to 2025.
Among types, the rotary-wing LiDAR drones segment is projected to witness at a higher CAGR than the fixed-wing LiDAR drones segment during the forecast period. The growth of this segment can be attributed to the increased demand for rotary-wing LiDAR drones in surveying operations owing to the flexibility offered by them. Rotary-wing LiDAR drones offer improved maneuverability and flexibility than fixed-wing LiDAR drones. They are of low cost. Rotary-wing LiDAR drones have low power consumption as they are lightweight. These LiDAR drones can fly at low altitudes and enable highly accurate data acquisition to create a detailed 3D point cloud. The development of 4D LiDAR sensors, which are lighter than traditional LiDAR sensors, has led to an increased demand for rotary-wing drones that are equipped with these sensors. This, in turn, is expected to drive the growth of the rotary-wing LiDAR drones segment of the market during the forecast period.
The LiDAR drone market in Asia Pacific (APAC) is projected to grow at the highest CAGR from 2020 to 2025.
The LiDAR drone market in APAC is projected to grow at the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the increased use of LiDAR drones for surveying and mapping applications owing to rise in the number of infrastructure development projects, increased focus of governments on forest management, and increase in mining activities in the region. Moreover, moderate government policies related to the use of LiDAR drones and easy availability of low-cost LiDAR drones in the region are expected to drive the growth of the LiDAR drone market in APAC during the forecast period.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in LiDAR Drone Market
4.2 LiDAR Drone Market, By Range
4.3 Market, By Country
4.4 Market, By Application and Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Easing of Regulations Related to Use of Commercial Drones in Different Applications
5.2.1.2 Growing Demand for LiDAR Drones for Corridor Mapping and Precision Agriculture Applications
5.2.2 Restraints
5.2.2.1 Easy Availability of Low-Cost and Lightweight Photogrammetry Systems
5.2.2.2 Stringent Regulations and Restrictions Related to Use of Drones in Various Countries
5.2.3 Opportunities
5.2.3.1 Initiatives Undertaken By Governments of Different Countries to Encourage Use of LiDAR Drones for Large-Scale Surveys
5.2.3.2 Emergence of 4D LiDAR Sensors
5.2.4 Challenges
5.2.4.1 High Purchasing and Operational Costs of LiDAR Drones
5.3 Value Chain Analysis
5.3.1 LiDAR Drone Value Chain
6 LiDAR Drone Market, By Component
6.1 Introduction
6.2 LiDAR Lasers
6.2.1 Increased Use of LiDAR Lasers in Drones Leading to Rise in Their Global Demand
6.3 Navigation and Positioning Systems
6.3.1 Rise in Use of Navigation and Positioning Systems in LiDAR Drones to Obtain Their Accurate Geographical Information
6.4 UAV Cameras
6.4.1 Increased Demand for UAV Cameras to Combine LiDAR Data and Camera Images
6.5 Others
7 LiDAR Drone Market, By Type
7.1 Introduction
7.2 Rotary-Wing LiDAR Drones
7.2.1 Low-Cost and Highly Flexible Rotary-Wing LiDAR Drones to Lead LiDAR Drone Market From 2020 to 2025
7.3 Fixed-Wing LiDAR Drones
7.3.1 Significant Range and High Stability Leading to Increased Global Demand for Fixed-Wing LiDAR Drones
8 LiDAR Drone Market, By Range
8.1 Introduction
8.2 Short-Range LiDAR Drones
8.2.1 Increased Use of Short-Range LiDAR Drones for Carrying Out Small-Scale Surveys
8.3 Medium-Range LiDAR Drones
8.3.1 Eased Regulations Related to Use of Commercial Medium-Range LiDAR Drones in Many Countries
8.4 Long-Range LiDAR Drones
8.4.1 Rise in Use of Long-Range LiDAR Drones to Scan Large Areas
9 Technologies Used in LiDAR Drones
9.1 Introduction
9.2 LiDAR Drones Based on 2D Technology
9.3 LiDAR Drones Based on 3D Technology
9.4 LiDAR Drones Based on 4D Technology
10 LiDAR Drone Market, By Application
10.1 Introduction
10.2 Corridor Mapping
10.2.1 Increase in Adoption of LiDAR Drones for Surveying Difficult Terrains Expected to Drive Growth of Market in Corridor Mapping
10.3 Archeology
10.3.1 Rise in Use of LiDAR Drones for Site Documentation and 3D Modeling of Archeological Sites to Fuel Growth of Market in Archeology
10.4 Construction
10.4.1 Increase in Deployment of LiDAR Drones for Surveying and Mapping Activities Contributing to Growth of LiDAR Drone Market in Construction
10.5 Environment
10.5.1 Rise in Use of LiDAR Drones for Environment Assessment Fueling Growth of Market in Environment
10.5.2 Coastline Management
10.5.2.1 Rise in Use of LiDAR Drones to Prevent Floods and Soil Erosion
10.5.3 Pollution Modeling
10.5.3.1 Surge in Demand for LiDAR Drones for Detecting Presence of Co2, So2, and Ch4 in Particular Areas
10.5.4 Wind Turbine Management
10.5.4.1 Increase in Adoption of LiDAR Drones to Detect Changes in Direction of Blades of Wind Turbines to Measure Wind Speed
10.5.5 Forestry Planning
10.5.5.1 Rise in Use of LiDAR Drones for Forest Management and Vegetation Planning
10.6 Entertainment
10.6.1 Increase in Adoption of LiDAR Drones to Create Dtm for Entertainment Applications
10.7 Precision Agriculture
10.7.1 Rise in Use of LiDAR Drones for Crop Monitoring and Crop Categorization
10.8 Others
10.8.1 Increase in Adoption of LiDAR Drones for Educational Applications
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 Rest of the World
12 Competitive Landscape
12.1 Introduction
12.2 Market Ranking Analysis, 2019
12.3 Competitive Scenario
12.3.1 Product Launches
12.3.2 Partnerships, Collaborations, Contracts, and Agreements
12.3.3 Acquisitions
12.3.4 Expansions
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Dynamic Differentiators
12.4.3 Innovators
12.4.4 Emerging Companies
12.5 Strength of Product Portfolio
12.6 Business Strategy Excellence
13 Company Profiles
13.1 Key Players
13.1.1 Phoenix LiDAR Systems
13.1.2 Riegl Laser Measurement Systems GmbH
13.1.3 Velodyne LiDAR, Inc.
13.1.4 Teledyne Optech
13.1.5 UMS Skeldar
13.1.6 LiDARUSA
13.1.7 YellowScan
13.1.8 Geodetics, Inc.
13.1.9 OnyxScan
13.1.10 Delair
13.2 Right to Win
13.3 Other Key Players
13.3.1 MicroDrones
13.3.2 Livox
13.3.3 Sick AG
13.3.4 Routescene
13.3.5 Nextcore
13.4 Startup Ecosystem
13.4.1 GreenValley International (GVI)
13.4.2 Beijing Surestar Technology Co. Ltd.
13.4.3 Benewake (Beijing) Co. Ltd.
13.4.4 SABRE Advanced 3D Surveying Systems
13.4.5 Cepton Technologies, Inc.
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