LiDAR Drone Market Set for Exponential Growth as Industries Embrace Remote Sensing


Posted June 21, 2023 by Prashantvi

The LiDAR Drone market is projected to grow from USD 147 million in 2022 to USD 508 million in 2027

 
The LiDAR drone market has witnessed significant growth in recent years, fueled by the increasing demand for advanced mapping, surveying, and inspection solutions across industries. The market is projected to expand further as more organizations recognize the benefits of LiDAR-equipped drones and explore their applications.

The LiDAR Drone market is projected to grow from USD 147 million in 2022 to USD 508 million in 2027; it is expected to grow at a CAGR of 28.1% from 2022 to 2027

Applications of LiDAR Drones:

a) Surveying and Mapping: LiDAR drones have revolutionized surveying and mapping practices, providing faster and more accurate data acquisition compared to traditional methods. From land surveying for construction and infrastructure projects to creating digital elevation models for urban planning, LiDAR drones offer unprecedented efficiency and precision.



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b) Environmental Monitoring: LiDAR-equipped drones enable detailed analysis of ecosystems, vegetation, and land cover. They assist environmental scientists in monitoring forest health, detecting changes in vegetation, and managing natural resources more effectively. This technology plays a crucial role in environmental conservation and management efforts.



c) Infrastructure Inspection: LiDAR drones are transforming the way infrastructure inspection is conducted. From power lines and pipelines to bridges and buildings, these drones can capture high-resolution data, allowing inspectors to identify defects, assess structural integrity, and plan maintenance activities accurately.




d) Disaster Management: LiDAR drones play a vital role in disaster management and emergency response. They facilitate rapid assessment of disaster-affected areas, aiding in search and rescue operations, damage assessment, and planning relief efforts. The real-time, high-resolution data provided by LiDAR drones helps organizations make informed decisions swiftly.

North America to lead LiDAR drone market in 2027

North America’s dominance can be attributed to the inclination of various governments to adopt advanced technologies such as LiDAR drones in surveying applications. The market in North America is also driven by market leaders headquartered in the region.

Phoenix LiDAR Systems (US), Teledyne Optech (Canada), Velodyne LiDAR, Inc. (US), and Geodetics, Inc. (US) are some of the prominent players in the LiDAR drone market in North America.

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Issued By marketsandmarkets
Country United States
Categories Electronics
Tags lidar drone market
Last Updated June 21, 2023