North America accounted for the largest share of the LiDAR drone market

 The LiDAR drone market is projected to grow from USD 133 million in 2020 to USD 392 million by 2025; it is expected to grow at a CAGR of 24.2% from 2020 to 2025.

North America accounted for the largest share of the LiDAR drone market in 2019.

North America accounted for the largest share of the LiDAR drone market in 2019, and a similar trend is likely to continue in the near future. The growth of the market in North America can be attributed to the increased adoption of LiDAR drones in this region. Governments of different countries of North America are undertaking various initiatives such as Part 107 to ease the use of commercial drones. 

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They are also formulating moderate regulations for using LiDAR drones. This, in turn, has fueled the growth of the market in North America. In addition, major players operating in the LiDAR drone market, comprising manufacturers, integrators, distributors, and suppliers of LiDAR drones, are also based in North America. LIDARUSA (US), Teledyne Optech (Canada), Velodyne LiDAR, Inc. (US), and Geodetics, Inc. (US) are some of the major players operating in the LiDAR drone ecosystem. In recent years, major technological developments pertaining to LiDAR drones have taken place in North America that have enabled LiDAR drone manufacturers based in the region to export their drones to other markets such as APAC and Europe.

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