Global LiDAR Drone Market Report and Forecast 2024-2032

Global LiDAR Drone Market Outlook

The global LiDAR drone market size attained a value of approximately USD 272.44 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 25.20%, reaching a value of around USD 2,055.93 million by 2032.

The increasing applications of LiDAR drones in the aerospace and defence sector, to facilitate various operations related to positioning and navigation, search and rescue, patrolling, battlefield mapping, determining line of sight, and carrying out mine countermeasures, is driving the LiDAR drone market growth. Over the forecast period, rising military expenditure leading to heightened technological advancements are further likely to fuel the growth of the market for LiDAR drones. Meanwhile, the growing applications of LiDAR drones across various sectors for 3D modelling processes, is likely to be a crucial driving factor of the market as 3D models executed by LiDAR drones are cost-effective, quick, and accurate.

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Rising Use for Corridor Mapping is Augmenting the Market for LiDAR Drones

The market for LiDAR drones is being driven by the rising demand for unmanned aerial vehicles (UAV), owing to their versatile applicability in various end-use industries, such as agriculture, construction, mining, and defence, among others. The growing adoption of laser and sensor technology for navigation, mapping, precision agriculture, and mining activities is a major factor adding to the market growth.

Corridor mapping is one of the most significant applications of LiDAR drones, which has been substantially augmenting the growth of the market. During the planning and construction of infrastructure like roadways, railways, and oil and pipelines, corridor mapping is a critical step. LiDAR technology uses ultraviolet light for effective digital mapping in terrains, mountains, and dense areas. This data is provided by building 3 dimensional models of the reviewed zone and since the information derived using LiDAR technology is highly accurate, it is being increasingly used for corridor mapping in construction activities, thereby strengthening the market. Moreover, the rise in residential and commercial constructions in the wake of  urbanisation and industrialisation is providing momentum to the growth of the market for LiDAR drones.

LiDAR Drone Market Segmentation

Light detection and ranging, also known as LiDAR, is a remote sensing technology that uses rapid laser technology to map out the surface of the earth. LiDAR drones refer to drones that carry LiDAR sensors that can perform data collection and other tasks.

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The LiDAR drone market segmentation on the basis of type is:

• Fixed Wing

• Rotary Wing

Based on range, the market is segmented into:

• Short Range

• Medium Range 

• Long Range

On the basis of component, the market is classified into:

• Cameras

• Navigation and Positioning System

• Laser Scanners

• Others

Based on application, the market is categorised into:

• Corridor Mapping

• Aerospace and Defence

• Mining

• Construction

• Entertainment

• Environment

• Agriculture

• Others

The EMR report looks into the regional markets of LiDAR drones like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

Global LiDAR Drone Market Share by Range

The short-range segment of the global market for LiDAR drones by range is anticipated to hold a significant share in the overall growth of the market in the coming years. As short-range drones fly at low altitudes, such as below 200 m, they do not require additional permissions to fly in most regions, thereby favouring the market growth.

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Furthermore, short-range drones are lightweight in composition and are power efficient, hence they require small batteries, which leads to a reduction in overall operating costs, thereby, adding to the LiDAR drone market revenue. Small, low-power, and short-range LiDAR modules can strengthen safety and improve mapping and navigation for industrial robots, machinery, and drones. These features of short-range drones are thus expected to offer lucrative LiDAR drone market opportunities.

Key Players in the Global LiDAR Drone Market

The report presents a detailed analysis of the following key players in the global LiDAR drone market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• 3D Robotics, Inc.

• Teledyne Optech

• Trimble Navigatrion Ltd.

• Velodyne LiDAR, Inc.

• Faro Technology

• Phoenix LiDAR Systems

• MicroDrones

• SICK AG

• Leica Geosystems AG

• TDK Corporation

• SZ DJI Technology Co., Ltd.

• Others

The comprehensive report looks at the micro and macro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report