UAV LiDAR Market is expected to grow at a CAGR of 35% by Forecast to 2023

Jun 4, 2020

UAV LiDAR Market Global Information by Application (Commercial, Military), Component (Laser Scanners, Navigation & Positioning System), Type (Rotary-Wing, Fixed-Wing), & Region (North America, Europe, Asia-Pacific and Latin America)

pune, India - June 5, 2020 /MarketersMedia/ —

Market Overview

An unmanned aerial vehicle (UAV) is an aircraft without a human pilot and is operated by an onboard computer or a human being sitting at the faraway station. Light detection and ranging (LiDAR) is a laser-guided technique for measuring heights or sending real-time pictures to the source. UAV LiDAR is majorly used for surveillance purposes and in high-risk combat conditions. Increasing demand for smart technologies is driving this market in the current situation, and the global UAV LiDAR market is expected to reach about 13 percent growth mark during the projected period. This technology is also cheaper and safer than the conventional surveillance methods in the same situations where a crewed aircraft was involved. UAVs can move in larger areas in shorter times, go to narrow places and hover over a single location. Industries like defence, meteorological data collection, topography and 3D modelling have adopted the UAV LiDAR technology immediately and have pushed the market for a jump-start.

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One major drawback for the Global UAV LiDAR Market is the scarcity of the trained professionals. Handling of this technology needs higher amounts of handling skills and knowledge. As a new technology, proper training of the staff is required as compared to pre-designed conventional flying methods and routines.

Key Players

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).

Recent Industry News

The UAV LiDAR market is overtaking the conventional techniques with lightning speeds due to its cost-effectiveness and increasing customer base in various industries. The American region is the largest market, and the Asia Pacific region is the fastest-growing market. A major factor for the limited growth of the market is the presence of limited skilled personnel for using this technology and lack of awareness. On seeing these factors, the companies are moving to the markets for decreasing the gap between customers and the providers.

Segments

There are three segments of the global UAV LiDAR Market Types: UAV LiDARs are of two types, namely, rotary-wing and fixed-wing. Rotary wind UAV LiDAR technology is expected to rule the market due to its smaller size and manoeuvrability.

Components: Laser scanners, GPS, positioning and others are the major components.

Applications: Industries like defence, meteorological data collection, topography and 3D modelling are using this technology.

Regional Overview

There are four major UAV LiDAR Market, namely America, Europe, Asia Pacific and The Middle East & Africa.

The American region is the most extensive market of the current era and will maintain its position during the survey time. Growing demands for surveillance programs need for accurate measuring methods, and large-scale investments are the major factors responsible.

The Asia Pacific region will emerge as the fastest-growing market due to increasing awareness, demands for better surveillance methods, comparatively cheaper operations and costs and need of accurate methods for better results are some of the major factors responsible for this growth rate. Economies like India, Japan and China are the major market shareholders of this region.

The European region is also growing at a considerable rate and is facing significant investments for developing the technology for local and global usage.

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