Posted on Jun 14 2019 5:09 AM

"LiDAR Drones Market analysis report contains enterprise competition pattern, advantages and disadvantages of enterprise products, industry development trends (2019-2024), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. "

The LiDAR Drones report delivers detailed profiles of key players with latest investigation and highlights the rising opportunities and difficulties looked by LiDAR Drones market. It gives definite portrayal of key players and their promoting methodologies pursued by official statements and pertinent records to get aggressive investigation market understanding.

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Market Overview:

  • In 2018, the LiDAR drones market was valued at USD 28.29 million, and is projected to reach a value of USD 170.19 million by 2024, recording a CAGR of 34.89% over the forecast period, 2019-2024.
  • - The LiDAR drones market is growing significantly over the forecast period, owing to the increasing use of drones across various end-user verticals, such as aerospace and defense, agriculture and forestry, and natural resources management, mining, and oil and gas exploration, among others.
  • - The technological advancements in the drone market and the rising need for surveillance are further anticipated to drive the market growth.
  • - The data acquired through LiDAR drones are reliable and accurate, and thus, can be utilized for the development of national guidelines and standards in different domains, more prominently in the aerospace and defense, oil and gas exploration, and transportation and logistics industries.
  • - The growing advancements in the LiDAR drones market are also offering a scope of opportunities for the market growth. Aiming at the burgeoning market for UAVs in 2018, Velodyne LiDAR launched the world’s lightest 16-channel LiDAR sensor.
  • - The primary factor hindering the growth of the LiDAR drones market is the high cost associated with the equipment used for the technology.

Top Players Are:

  • Velodyne LiDAR Inc.
  • Phoenix LiDAR Systems
  • Sick AG
  • FARO Technologies Inc.
  • Riegl Laser Measurement Systems GmbH
  • Optech Inc.
  • Leica Geosystems AG
  • Trimble Navigation Limited
  • SZ DJI Technology Co., Ltd

Scope of the Report:

  • LiDAR drones is a remote sensing technology that uses rapid laser pulses to map out the surface of the earth. LiDAR is useful when used to create high-resolution digital surfaces, terrain, and elevation models used for various business applications, such as aerospace and defense, natural resources management, and agriculture and forestry, mining, and oil and gas exploration, among others.

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Key Market Trends:

Corridor Mapping Application Accounted for the Largest Market Share

- The corridor mapping application accounted for the largest market share. Corridor mapping is an important step during the planning and construction of roadways, railways, and oil and gas pipelines, among other crucial networking industrial applications.
- Also, the US government is spending a significant amount year on year on highway projects. 
- As highway corridors and projects are constructed with a long-term perspective, it is necessary to conduct a thorough feasibility study of the terrain on which the highway is to be constructed. LiDAR drones provide all this information by building three-dimensional (3D) elevation models of the surveyed area. Therefore, the corridor mapping and surveying application in the industry occupies the largest share in the LiDAR drone market.

North America is Expected to Dominate the LiDAR Drone Market

- The United States is expected to be the largest market for LiDAR drones, mainly due to the rising investments in innovations in the defense sector. Additionally, the country has the world’s highest military budgets with considerable investments in technological defense tools.
- The United States military spending on drones is set to reach a five-year high. The Department of Defense budget for 2018 was USD 6.97 billion for drone-related procurement, research and development, and system-specific construction. Also, an increase in these figures is expected over the forecast period.
- Moreover, an emerging trend to collect data at higher points by flying lower and slower is widely adopted in the industry. Many of the scientists reported that by adopting this method, the system can measure the ground with 520 or even up to 40 points per square meter. This method is expected to provide an accurate and precise mapping of the object and is widely employed for topographic surveys in the US accuracy of aerial LiDAR systems.

Competitive Landscape:

Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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Detailed TOC of LiDAR Drones Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Advancements in Drone Technology
4.3.2 Cost Effective and Accurate Geo Mapping
4.3.3 Adoption in the Expanding Oil and Gas Sector
4.3.4 Increasing Need for Robust Surveillance Systems across Various Industries
4.4 Market Restraints
4.4.1 Increase in the Cost of Equipment
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry 

5 MARKET SEGMENTATION
5.1 By Component
5.1.1 Laser Scanners
5.1.2 Navigation and Positioning Systems
5.1.3 Cameras
5.1.4 Other Components
5.2 By Product
5.2.1 Rotary Wing LiDAR Drone
5.2.2 Fixed Wing LiDAR Drone
5.3 By Application
5.3.1 Construction
5.3.2 Mining
5.3.3 Defense
5.3.4 Precision Agriculture
5.3.5 Corridor Mapping
5.3.6 Other Applications (Government and Entertainment)
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Mexico
5.4.4.3 Rest of Latin America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Velodyne LiDAR Inc.
6.1.2 Phoenix LiDAR Systems
6.1.3 Sick AG
6.1.4 FARO Technologies Inc.
6.1.5 Riegl Laser Measurement Systems GmbH
6.1.6 Optech Inc.
6.1.7 Leica Geosystems AG
6.1.8 Trimble Navigation Limited
6.1.9 SZ DJI Technology Co., Ltd

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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