LiDAR Drone Market Soars to New Heights: Innovations and Opportunities

 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 growing interest of mining players in adopting LiDAR drones for different applications and adoption of LiDAR drones in precision agriculture and corridor mapping applications. The adoption of LiDAR drones by government bodies in different countries for various projects is likely to create high growth opportunities for the market.

Rotary-wing LiDAR drone to account for larger share of LiDAR Drone Market in 2022

Rotary-wing LiDAR drones, also known as multi-rotor LiDAR drones, comprise a central body and side propellers. These propellers enable the drones to take flight. They are also used to maneuver drones. Usually, rotary-wing LiDAR drones have four rotors. The number of these rotors can reach up to six or eight. Propellers control the motion of in-flight drones by varying the relative speed of each rotor. This multi-rotor mechanism allows drones to perform a range of movements. Rotary-wing LIDAR drones have increased maneuverability and are low-cost. Rotary-wing LiDAR drones are more suitable for mapping applications than fixed-wing LiDAR drones owing to their higher flexibility, low cost, and better maneuverability.

Topographic LiDAR to register for largest share of LiDAR drone market throughout the forecast period

The largest market share of topographic LiDAR is attributed to its adoption in prominent applications, including corridor mapping, construction, and precision agriculture. Topographic LiDAR enables civil engineering, roadwork, and mining operations, among others, to make informed decisions through high-quality terrestrial data generated.

Download PDF Brochure @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128835365

Corridor mapping application to offer lucrative opportunities for LiDAR drones

The growth of this segment can be attributed to the increasing adoption of LiDAR drones for mapping terrains. These drones, in recent times, are observed as a highly reliable solution for mapping and surveying projects across various application areas. LiDAR drones are used to survey power lines, oil & gas pipelines, and railway tracks in difficult terrains to optimize their maintenance operations, eliminating the risk to human lives. They save the manpower and the time required for surveying applications. LiDAR drones enable 3D modeling and simulation through which end users can make informed decisions and plan their operations.

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.

Know more info @ https://www.marketsandmarkets.com/Market-Reports/lidar-drone-market-128835365.html

About MarketsandMarkets™ 

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441