Global Lidar Drone Market is valued USD 107.09 Billion in 2019 and is projected is to exhibit 27.2% CAGR during the forecast period. The market is projected to be around USD 576.98 Billion by 2026. The market is driven by the rapid growing construction sector.

LiDAR is known as Light Detection and Ranging technique that is typically used in surveying and the graphing geographical information. This technology is included in a drone used for applications such as geography, mapping, forestry, seismology, entertainment, geology, archaeology, construction, and precision farming. The unmatched result and use in the field of geographical information systems that are applied in many industry verticles are benefitting the adoption of these systems.
Lidar Drone Market Dynamics
Key factors driving the growth of the Lidar drone market include the growing construction sector, coupled with increasing demand for LiDAR drones from various infrastructures such as commercial buildings, residential complexes, and roads & railways for corridor mapping. Increasing the adoption of a laser scanner for the creation of three directional models is a major factor driving the growth of the global LiDAR drone market. The growing use of LiDAR drones for automation of process in several end-use applications is another factor boosting the growth of the Lidar drone market.
Furthermore, the usage of drones to deliver packages is another factor expected to boost the growth of the LiDAR drone market in the next few years. At the same time, growing concerns regarding air traffic management, and regulations regarding flying areas of the drone are factors that may hamper the growth of the LiDAR drone market. However, increasing the use of drones in agriculture especially for precision farming can create high revenue opportunities for players operating in the target market.
Lidar Drone Market Insight
Based on the region, APAC is expected to dominate the market of a Lidar drone market. The growth of the market in this region can be attributed to the increased use of LiDAR drones for surveying and mapping applications due to the growth in the number of infrastructure development projects, increased focus of governments on forest management, and rise in mining activities in the region. Furthermore, moderate government policies related to the use of LiDAR drones and the easy availability of low-cost LiDAR drones in the region are supposed to drive the growth of the LiDAR drone market.
Lidar Drone Market Segmentation
The global Lidar Drone Market is segmented into type, component, application, and region. On the basis of the type the market is divided into rotary-wing LiDAR drones, fixed-wing LiDAR drones. Based on component the market is segmented into LiDAR lasers, navigation and positioning systems, uav cameras, others. Based on application the market is segmented into construction, mining, defense, precision agriculture, corridor mapping, other. And based on the geography the market is further segregated into North America, Latin America, Europe and Asia Pacific.
Lidar Drone Market Competitive Landscape
The key players in Lidar Drone Market are listed as 3D Robotics, Inc. (3DR), DJI, FARO Technologies, Inc., Leica Geosystems AG, Phoenix LiDAR Systems, Riegl Laser Measurement Systems GmbH, SICK AG, Teledyne Optech, Trimble Navigation Ltd., Velodyne Lidar, Inc., Yellowscan, and Other.