Growing Demand for LiDAR Drones for Corridor Mapping and Precision Agriculture Applications | LiDAR Drone Market
The major applications of LiDAR drones include corridor mapping, environment, and precision agriculture. These are expected to open new revenue pockets for the LiDAR drone market, which will lead to market opportunity of USD 392 million.
APAC is the highest growing region for this market. The major factor affecting the growth of the market in APAC is the increased use of LiDAR drones for surveying and mapping applications due to rise in the number of infrastructure development projects, increased focus of governments on forest management, and rise in mining activities in the region. Moreover, moderate government policies related to the use of LiDAR drones and easy availability of low- cost LiDAR drones in the region are expected to drive the growth of the LiDAR drone market in APAC.
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The major LIDAR drone components are LiDAR lasers, navigations and positioning systems, UAV Cameras, and others. The LiDAR lasers segment is projected to lead the LiDAR drone market during the forecast period. LiDAR lasers are among the main components of LiDAR drones. They are extensively used for carrying out different types of surveys. These lasers offer a FoV of up to 360°, which helps surveyors to gather a large amount of data in less time. Moreover, the introduction of 4D LiDAR sensors is expected to drive the market for LiDAR lasers in coming years.
Easing of regulations related to the use of commercial drones in different applications and growing demand for LiDAR drones for use in corridor mapping and precision agriculture applications are the major factors driving the growth of the LiDAR drone market. The emergence of 4D LiDAR sensors is expected to act as an opportunity for the manufacturers of LiDAR drones.
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