LiDAR Drone market Size 2020 Industry Share and7

LiDAR Drone market  Size, 2020 Industry Share and Global Demand |
2027 Forecast by Fortune Business Insights™

The global LiDAR
Drone Market size is anticipated to showcase
significant growth in the coming years on account of the increasing adoption of
advanced sensor technologies into drone LiDAR systems for operational
efficiency and reduced human labour requirement. Light detection and ranging
technology or LiDAR is a remote sensing technology that utilizes rapid laser
pulses for mapping out any surface of the earth. Various businesses adopt this
technology for creating elevated models and high-resolution digital surfaces.
As per a recent report by Fortune Business Insights, titled, “LiDAR Drone
Market Size, Share and COVID-19 Impact Analysis, by Type (Solid-state LiDAR and
Mechanical LiDAR), By Application (Fixed Wing, Multirotor, Helicopter, Hybrid
Multirotor), and Regional Forecasts,2020- 2027,” the market is estimated to
rise at a CAGR of 20.02% and reach USD 482.67 million
by 2027 from a value of USD 136.69 million earned in 2019. The
forecast period is set between 2020 and 2027.



Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19”
on LiDAR Drone Market,

Please Visit:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/lidar-drone-market-102602

 

Currently, the whole world is fighting the COVID-19 pandemic by staying at
homes and maintaining social distancing. This has not only affected the lives
of many but also affected various national and international trade relations
and transactions worldwide. Most of the markets are struggling to generate
revenue, whereas the others are at a temporary halt. However, we hope to soon
come out of this situation by complying with the government.

We, at Fortune Business Insights, are
offering analytical reports on various markets and how they are coping up with
this viral outbreak. These reports will help investors and information seekers
to study the current scenario and accordingly chalk out plans to work in favor
of the markets in the coming years.



What is the Objective of the Report?



The report offers a 360-degree overview of the market and major factors boosting,
repelling, challenging, and creating opportunities for the market in the
forecast period. It also highlights significant industry developments, current
trends prevalent in the market, and other interesting insights. The table of
segmentation is also discussed in detail with the names and figures of the
leading segments. Furthermore, the report lists the names of the players
functioning in this market and the significant strategies adopted by them to
gain a significant position in the market for UAV LiDAR.

Drivers & Restraints-

Rising Adoption by UAV Sector to Propel
Growth

LiDAR technology is used for obtaining
geographical information for mapping studies. Owing to this, there has been an
increasing demand for this technology from the unmanned aerial vehicle (UAV)
sector, thereby augmenting the global UAV LiDAR market growth. In addition to
this, most of the LiDAR systems consist of a multi-sensor method further
comprising of three time-synchronized components, namely, a laser scanner unit,
Inertial Measurement Unit (IMU), and Global Navigation Satellite System (GNSS).
The presence of these technologically advanced lasers and sensor parts help in
increasing its operability, thereby aiding to the expansion of the market for
UAV LiDAR in the forecast period.

On the contrary, the lack of proper
training institutes and skilled technicians to operate UAVs may pose
significant challenges to the market in the forecast period. Additionally,
various governments are imposing stringent regulations on altitude and night
time use of drone radars to avoid aerial accidents. This may cause hindrance to
the overall market in the forecast period.

Nevertheless, the development of
dynamic sensor technology, namely, the warning systems and crash avoidance, may
boost growth. This, coupled with the integration of optical altimeter
technology for determining accurate calculations concerning size and weight,
are likely to create lucrative growth opportunities for the LiDAR drone market
in the coming years.

Browse Summary of this Research Report
with Detailed Table of Content: https://www.fortunebusinessinsights.com/lidar-drone-market-102602



Solid-state LiDAR Segment to Grow Significantly Owing to its Cost-effective
Benefits

Based on segmentation by type, the
solid-state segment is expected to exhibit significant growth on account of its
laser technology and other excellent technical benefits in various
applications. Besides this, it operates on silicon chip technology and is
cost-efficient, as compared to the mechanical LiDARs.

Regional Analysis-

North America Earned Major Share Owing
to its Increasing Use in Government Surveys

In 2018, North America earned USD 44.95
million and emerged dominant with the largest LiDAR Drone Market share. This is
attributable to the high presence of UAV, as well as many players. Moreover,
the presence of many consumers who study the subject and its high
implementation in this region would aid to the expansion of the regional
market. In 2019, Europe overpowered North America and emerged dominant on
account of the increasing demand for 3D image mapping for applications, coupled
with the presence of multiple players such as Yellow Scan, Delairl, Leica, and
others. Asia Pacific is expected to rise steadily in the forecast period on
account of the increasing number of companies manufacturing drones for
commercial purposes in India and China.

Competitive Landscape-

Players Adopting Collaborative
Strategies to Stay Put in Competition

Some of the players holding significant
share in this market include REIGL, Teledyne Optech, Leica, and Velodyne. Their
dominance is attributed to their massive investment in research and development
activities and diverse product portfolio. Other players are engaging in
collaborative efforts to gain significance in the market competition.

Major Industry Developments of the
Market Include:

April 2019 – Nikon and Velodyne Lidar entered into a
collaborative agreement for manufacturing Velodyne Lidar sensors in mass
quantity for expanding geographically into the other regions.

March 2020 – The Teledyne Optech launched CL-360, a compact
lidar sensor optimized for mobile and UAV applications for use in small-object
detection and vegetation penetration.



List of the Leading Companies Profiles in the LiDAR Drone Market Research
Report Include:

• Leica Geosystems AG (Switzerland)


• RoboSense (China)


• Benewake (Beijing) Co., Ltd. (China)


• LeiShen Intelligent System Co., LTD (China)


• Velodyne Lidar, Inc. (The U.S.)


• Delair (France)


• RIEGL Laser Measurement Systems GmbH (Austria)


• Phoenix LiDAR Systems (The U.S.)


• Teledyne Optech (Canada)


• Yellow Scan (France)


• Other players

Quick Buy – LiDAR Drone
Market Research Report:https://www.fortunebusinessinsights.com/checkout-page/102602



Table of Content

• Introduction




• Research Scope


• Market Segmentation


• Research Methodology


• Definitions and Assumptions




• Executive Summary


• Market Dynamics




• Market Drivers


• Market Restraints


• Market Opportunities




• Key Insights




• Key Industry Developments –Mergers, Acquisitions and Partnerships


• Latest technological Advancements


• Porters Five Forces Analysis


• Supply Chain Analysis




• Quantitative Insights-Impact of COVID-19 Pandemic on LiDAR Drone
  Market




• Impact of COVIC-19 Pandemic on the Global LiDAR Drone Market


• Steps Taken by the Industry/Companies/Government to Overcome the
  Impact


• Key Development in the Industry in Response to COVID-19 Impact

TOC
Continued…!!!



Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/lidar-drone-market-102602

Have a Look at Related Research
Insight:

Light Detection and Ranging (LiDAR) Market Size, Share & Industry Analysis, By Type
(Mechanical and Solid-state), By Deployment (Ground-based and Airborne), By
Application (Mapping and Cartography, ADAS (Advanced driver-assistance System),
Surveillance, Environment, Exploration and Detection and Others), By Industry
(Automotive, Aerospace and Defense, Healthcare, IT & Telecom, Oil & Gas
and Others) and Regional Forecast, 2019-2026

Airborne
Surveillance Market Size, Share & Industry
Analysis, By Type (Radar, LiDAR, Imaging System), By System (Manned System,
Unmanned System), By Application (Commercial, Military)and Regional Forecast,
2019-2026

About Us:                                   

Fortune Business Insights™ offers
expert corporate analysis and accurate data, helping organizations of all sizes
make timely decisions. We tailor innovative solutions for our clients,
assisting them to address challenges distinct to their businesses. Our goal is
to empower our clients with holistic market intelligence, giving a granular
overview of the market they are operating in.

Our reports contain a unique mix of
tangible insights and qualitative analysis to help companies achieve
sustainable growth. Our team of experienced analysts and consultants use
industry-leading research tools and techniques to compile comprehensive market
studies, interspersed with relevant data.

At Fortune Business Insights™, we aim
at highlighting the most lucrative growth opportunities for our clients. We,
therefore, offer recommendations, making it easier for them to navigate through
technological and market-related changes. Our consulting services are designed
to help organizations identify hidden opportunities and understand prevailing
competitive challenges.

Contact Us:



Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.



Phone:

US: +1-424-253-0390

UK: +44-2071-939123

APAC: +91-744-740-1245

Email: sales@fortunebusinessinsights.com

Fortune
Business Insights™

LinkedIn | Twitter | Blogs

Read Press Release: https://www.fortunebusinessinsights.com/press-release/global-lidar-drone-market-10117