The UAV LiDAR market is estimated to register a CAGR of more than 35% during the forecast period of 2018 to 2023.
LiDAR sensors are mounted on UAVs with sophisticated software used to capture ground images in a timely manner. Therefore, in a short span of time, effective decisions can be made by stakeholders. With advances in UAV technology, there has been a shift from the use of high-cost fixed-wing aircraft LiDAR to low-cost and more efficient UAV LiDAR. Therefore, UAV LiDAR sales are expected to rise significantly during the forecast period.
The factors driving the growth of the market are technological developments in UAVs and the rising need for surveillance. However, the high costs associated with UAV LiDAR are restricting their implementation.
The market in Asia-Pacific is expected to witness the highest growth during the forecast period. The rising awareness among customers regarding the benefits of UAV LiDAR, such as high accuracy and low cost, and government support through adoption in various projects are the major reasons for the high growth of this market. The growing adoption of UAV LiDAR in countries such as China, Japan, and India is expected to contribute to the growth of the regional market. For example, UAV LiDAR is used for surveying railway projects in India.
The key players in the UAV LiDAR market are 3DR (US), DJI (China), Phoenix LiDAR Systems (US), Faro Technology (US), Leica Geosystems AG (Switzerland), Optech Inc. (US), Riegl Laser Measurement Systems GmbH (Austria), Trimble Inc. (US), Sick AG (Germany), Velodyne LiDAR, Inc. (US), and Yellowscan (France).
Scope of the Report
This study provides an overview of the global UAV LiDAR market, tracking three market segments across five regions. The report studies the key players, providing a five-year annual trend analysis that highlights market size, volume, and share in North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years in each region. The study segments the global UAV LiDAR market by application, component, type, and region.
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