The LiDAR drone market is projected to grow from USD 147 million in 2022 to USD 508 million by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 28.1% from 2022 to 2027.

The market growth is driven by factors including adoption of LiDAR drone in mining, corridor mapping, and precision agriculture applications; and easing of regulations related to use of commercial drones. Additionally, government initiatives encouraging use of LiDAR drones for large-scale surveys and emergence of 4D LiDAR sensors are factors expected to create growth opportunities during the forecast period. However, high purchasing and operational costs of LiDAR drones, and issues related to drone safety and security are challenging the market growth.

Bathymetric LiDAR to grow at a highest CAGR between 2022 and 2027

Bathymetric LiDAR is preferred over other bathymetry methods, including sonar owing to considerable accuracy in various applications. A bathymetric LiDAR system employs two lasers of different wavelengths. The wavelength of the green channel is optimal for penetrating water and therefore measuring the water depth. The red return signal gives the height of the plane above the water. The water depth is calculated from the time difference between the two return signals. As the green laser pulse travels through the water column and reflects off the seafloor, it undergoes absorption, scattering, and refraction.


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Short-range LiDAR drones to record for largest market share in 2027
The growth of short-range LiDAR drones segment can be attributed to the increased global demand for short-range LiDAR drones, which are lightweight and offer highly detailed data acquisition. Short-range LiDAR drones have gained traction over the last few years owing to their increased use by surveyors, as no additional permissions are required to fly them. Short-range LiDAR drones operate with high accuracy in a range of less than 200m and are suitable for carrying out small-scale surveys. These short-range LiDAR drones are lightweight and offer improved maneuverability with increased battery life.


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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