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. The growth of the market is attributed to the adoption of LiDAR drone in mining applications and countries easing regulations on the use of drones.
Key players operating in the market includes Velodyne Lidar, Inc.(US), RIEGL Laser Measurement Systems GmbH (Austria), Teledyne Optech Inc.(Canada), Phoenix LiDAR Systems (US), Microdrones (Germany), YellowScan (France), UMS Skeldar (Switzerland), LIDARUSA (US), SICK AG (Germany), and GeoCue Group (US). Major strategies adopted by top players to enhance their product portfolios, increase their market share, and expand their presence in the market mainly include new product launches with latest technology and innovation and deals, such as acquisitions and partnerships.
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Velodyne LiDAR manufactures and delivers LiDAR solutions for autonomous vehicles, LiDAR drones, driver assistance, delivery solutions, robotics, industrial, infrastructure, mapping, navigation, etc. It offers a high-performance product line of sensing solutions, which include the cost-effective Puck, the versatile Ultra Puck, the autonomy-advancing Alpha Prime, the ADAS and robotics-optimized Velarray, and the groundbreaking LiDAR software Vella. The company has a strong product range powered by the latest technology. The company has various partnerships, agreements, and sales agreements with end-user companies to mass produce and deliver LiDAR sensors. It has a global presence and multiple sales offices.
RIEGL Laser Measurement Systems GmbH manufactures and develops laser rangefinders, distance meters, and scanners and delivers innovation in 3D. The company deals in LiDAR systems hardware used in industrial, mobile, terrestrial, airborne bathymetric, UAV-based laser scanning, and LiDAR systems that can be deployed on drones. It has built a robust portfolio of products, software solutions, and technology for laser scanners, LiDAR drone-based scanners, and UAV-based laser scanners. It has sales offices in the US, Japan, China, Australia, Canada, the UK, Europe, North and South America, Asia, and Africa, which provide a wider reach for its products.
LiDAR Drone Market by LiDAR Type (Topographic, Bathymetric), By Component (LiDAR Lasers, UAV Cameras), Drone Type (Rotary-wing, Fixed-wing), Range (Short-range, Medium-range, Long-range), Application, Region - Global Forecast to 2027
Mr. Aashish Mehra
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Northbrook, IL 60062
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