Lidar Drone Market Overview
Lidar Drone Market Size was estimated at 0.13 (USD Billion) in 2022. The Lidar Drone Market Industry is expected to grow from 0.15(USD Billion) in 2023 to 1.2 (USD Billion) by 2032. The Lidar Drone Market CAGR (growth rate) is expected to be around 19.9% during the forecast period (2024 - 2032).
Key Lidar Drone Market Trends Highlighted
The Lidar Drone Market is experiencing significant growth, driven by technological advancements, increasing demand for aerial data collection and analysis, and expanding applications in industries such as construction, surveying, and agriculture. The market is characterized by the integration of cutting-edge technologies such as artificial intelligence and machine learning into lidar drones, enabling enhanced data processing and analytics capabilities. The growing adoption of autonomous navigation systems and advancements in sensor technology are further propelling market expansion.Key market drivers include the rising need for precise and real-time data in various industries, the increasing adoption of drones for remote sensing and monitoring, and government regulations promoting the use of drones for infrastructure inspection and environmental monitoring.
Additionally, the growing popularity of drone-based mapping and surveying services, along with the expanding applications of lidar technology in fields such as forestry and coastal management, are creating significant growth opportunities.Recent trends in the Lidar Drone market include the adoption of advanced data analytics and visualization tools to enhance data interpretation and decision-making. The increasing use of lidar drones for precision agriculture, including crop monitoring and yield estimation, is further fueling market growth. Furthermore, the integration of lidar technology with other sensors, such as cameras and thermal sensors, is expanding the scope of applications and driving innovation in the market.
Figure1: Lidar Drone Market, 2018 - 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lidar Drone Market Drivers
Increasing Adoption of Lidar Technology in Drones
Lidar, which is the abbreviated form of Light Detection and Ranging technology, has been gradually evolving as a vital tool that has been instrumental in the rapid progress of drones; the lidar sensors make use of the pulses of the laser lights it emits, which are capable of mapping and locating the objects even in pathetic conditions. The major goal of the technology is to optimize critical applications and, at the same time, meet the overall requirements of the industries that make use of them.The adoption of lidar into drones has played a vital role in contributing to the progress of the Lidar Drone Market Industry. A lot of other fields use drones for several reasons, be it regarding surveys, mapping, structures, or environment, and several others. The lidar drone technology that is implemented assists drones in the recognition and tracking of different objects independently and accurately.
Expansion of Drone Applications in Diverse Industries
The rising use of drones across different industrial verticals has prompted the sourcing of drones integrated with lidar technology. Drones are extensively used in the construction, mining, agriculture, and energy sectors for site surveys, asset inspection, and monitoring crops, as well as power lines. The employment of lidar drones is highly beneficial for organizations, as it aids in obtaining detailed data accurately and in planning and implementing operational strategies cost-efficiently.Moreover, the use of drones is also safe and effective. Further, as the use of drones is expanding across different industrial verticals, comprising the applications of drones for varied tasks, the Lidar Drone Market Industry will also develop in association with the increasing demand for drones integrated with lidar technology.
Government Support and Regulations for Drone Usage
Government initiatives and regulations have a considerable influence on the Lidar Drone Market Industry. Governments all over the world are acknowledging that drones can be used in many businesses and workplaces. Therefore, they create regulations that determine the ways drones should be used. In addition, they create a pilot certification that will allow users to use this technology. Lastly, they also create airspace management.The use of drones and lidar-equipped drones is major and needs to be regulated by the government; therefore, the regulations that consider lidar drones are creating more businesses and are expected to lead to new innovations.
Lidar Drone Market Segment Insights
Lidar Drone Market Propulsion System Insights
The propulsion system segment of the Lidar Drone Market is divided into Electric, Hybrid, and Fuel Cell. Among these, the Electric segment is supposed to be the fastest-growing segment in the drone market. There is increasing demand for electric drones as they are more cost-effective, emission-free, and noise-free. Hybrid drones have become popular as they provide equivalent performance in terms of power and fuel efficiency. The Hybrid segment is also expected to be a major segment in the Lidar drone market. Fuel Cell segment drones are expected to be newly developed and will be adopted by end-users as the operation time increases and the technology for individual drones becomes more advanced. The research states that developments, as well as the spread of drones, are among the factors for the growth of the market. Some of the key insights about the Lidar Drone Market’s Propulsion System include the adoption of electric drones is increasing because they are more cost-effective and environmentally friendly than fuel cell drones.
The energy and power of equivalency provided by the use of Hybrid drones can be used to derive a more versatile range of applications. The adoption of the Fuel cell segment will increase as a number of governments in various countries are trying to adopt drone propulsion systems, which are more environmentally friendly than current alternatives for use in long operations areas, flights, and heavy loads.There has been a significant increase in operations primarily in remote areas, which have been yet a part of drones and electric drones; they are also being used more in commercial and industrial applications such as parcel delivery, mapping, and inspection. Some of the factors that will contribute to Electric drones’ propulsion segment growth include battery packs and advancements in electric battery technology, as well as initiatives from various governments promoting the use of energy-efficient drones.
Figure2: Lidar Drone Market, By Propulsion System, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lidar Drone Market Payload Insights
The Lidar Drone Market segmentation by Payload comprises Cameras, LiDAR Sensors, and Thermal Imaging Cameras. Among these, LiDAR Sensors held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. The high cost of LiDAR sensors has been a major restraining factor for the growth of the market. However, the declining cost of LiDAR sensors and increasing demand for high-resolution data are expected to drive the growth of the market in the coming years. Cameras are expected to witness the fastest growth during the forecast period due to their low cost and wide availability.Thermal imaging cameras are expected to gain traction in the market due to their ability to provide real-time data in low-light conditions.
Lidar Drone Market Application Insights
The Lidar Drone Market is segmented by application into Mapping and Surveying, Inspection and Monitoring, Search and Rescue, and Precision Agriculture. The Mapping and Surveying segment is expected to hold the largest market share in 2023, accounting for over 40% of the Lidar Drone Market revenue. This segment is driven by the growing demand for accurate and detailed maps and surveys for various applications such as land use planning, infrastructure development, and natural resource management. The Inspection and Monitoring segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing adoption of lidar drones for infrastructure inspection, power line monitoring, and environmental monitoring.The Search and Rescue segment is expected to witness significant growth, driven by the increasing use of lidar drones for search and rescue operations in disaster-affected areas. The Precision Agriculture segment is expected to grow steadily, driven by the increasing adoption of lidar drones for crop monitoring, yield estimation, and soil analysis.
Lidar Drone Market Range Insights
The Lidar Drone Market is segmented by range into Short-range (less than 1 km), Medium-range (1-5 km), and Long-range (over 5 km). The short-range segment is expected to account for the largest share of the market in 2023 due to its lower cost and higher accuracy at shorter distances. The medium-range segment is expected to grow at the fastest rate during the forecast period due to its increasing adoption of applications such as mapping and surveying. The long-range segment is expected to have a smaller share of the market but is expected to grow steadily over the forecast period due to its increasing use for applications such as security and surveillance.The Lidar Drone Market is expected to grow from USD 6.72 billion in 2023 to USD 87.24 billion by 2032, at a CAGR of 32.96% during the forecast period.
Lidar Drone Market Size Insights
The Lidar Drone Market is segmented by size into small (less than 1 kg), medium (1-5 kg), and large (over 5 kg). The medium segment is expected to hold the largest market share in 2023, accounting for 60% of the global market. This is due to the increasing demand for medium-sized drones for commercial applications such as aerial photography, mapping, and inspection. The small segment is expected to grow at the highest CAGR of 25% during the forecast period, owing to the increasing popularity of small drones for personal and recreational use.The large segment is expected to account for a smaller share of the market due to its higher cost and limited applications. Some of the key insights and data points regarding the size segment of the Lidar Drone Market include: The small segment is expected to grow from a market valuation of 0.8 billion USD in 2023 to 3.6 billion USD by 2032. The medium segment is expected to grow from a market valuation of 2.4 billion USD in 2023 to 24.8 billion USD by 2032. The large segment is expected to grow from a market valuation of 0.6 billion USD in 2023 to 3.2 billion USD by 2032.
Lidar Drone Market Regional Insights
The Lidar Drone Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The market growth in this region is attributed to the early adoption of advanced technologies, favorable government regulations, and increasing investments in infrastructure development. Europe is expected to witness significant growth due to the presence of leading manufacturers and increasing demand from various industries such as construction, mining, and agriculture.APAC is projected to be the fastest-growing regional market owing to the rapid urbanization and industrialization in countries like China, India, and Japan. South America and MEA are expected to have a steady growth rate, driven by increasing investments in infrastructure development and mining activities. In 2023, North America generated a revenue of USD 2.4 billion, Europe generated USD 1.8 billion, APAC generated USD 1.5 billion, South America generated USD 0.6 billion, and MEA generated USD 0.4 billion.
Figure3: Lidar Drone Market, By Regional, 2023 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Lidar Drone Market Key Players And Competitive Insights
The Lidar Drone Market is flourishing because the most prominent players in the industry are largely concerned with formulating and fostering innovative technologies to improve their market positions. These key market players, such as DJI, Leica Geosystems AG, and Optech, are investing heavily in research and development to introduce highly innovative products in the Lidar Drones Market. One can note that such competition among the existing players in the Lidar Dorne Market is hence fuelling the development of the Lidar Drone Market and creating ample opportunities for new players as well. The Lidar Drone Market Competitive Landscape will be fragmented for the rest of the forecast period and moderately fragmented for the historical period analyzed.
On the other hand, Lidar Drone Market companies are rapidly engaging in forming exclusive partnerships with other significant companies to expand their product supplement and geography.One of the well-known players in the Lidar Drone Market is DJI. DJI is a reputed world-class company that offers drones and aerial imaging solutions of all kinds. DJI Lidar drones use high-end sensors and software to render and deliver highly accurate maps and models. Also, lidar drones produced by DJI are very popular in the market and are completely user-friendly and reliable. Moreover, with a high global presence and brand awareness, DJI has the best position in the market.
Another Lidar drone market player is Autel Robotics, which offers a range of lidar drones for mapping around the continent. One can also witness that Autel Robotics is well known for offering inexpensive modern mapping equipment that creates 3D models and maps of high quality. However, the company has the most noted features of obstacle avoidance and autonomous routing, which makes its equipment stand out. Also, the company does not compromise the level of customer satisfaction and offers good technical support for Lidar drones. There are at least five major players in the Lidar Drones Market: DJI, Microdrones, GeoSLAM, Autel Robotics, and YellowScan.
Key Companies in the Lidar Drone Market Include
- BlueHalo
- Microdrones
- Hexagon AB
- Velodyne
- AirMap
- LidarUSA
- Kespry
- GeoCue
- Parrot
- PrecisionHawk
- Emesent
- Autel Robotics
- FLIR Systems
- L1DAR
- DJI
Lidar Drone Market Industry Developments
The Lidar Drone Market is anticipated to grow significantly from a valuation of approximately USD 6.72 billion in 2023 to reach around USD 87.24 billion by 2032, exhibiting a CAGR of 32.96% over the forecast period (2024-2032). This growth is attributed to the increasing adoption of drones for various applications such as mapping, surveying, and inspection, coupled with the rising demand for high-resolution data. Furthermore, technological advancements in lidar technology, such as the development of solid-state lidar sensors, are expected to drive market expansion. Recent news developments include the launch of new lidar-equipped drones by companies like DJI and Autel Robotics, indicating the growing competitiveness in the industry. The increasing investments in research and development by key players are likely to further fuel market growth in the coming years.
Lidar Drone Market Segmentation Insights
Lidar Drone Market Propulsion System Outlook
- Electric
- Hybrid
- Fuel Cell
Lidar Drone Market Payload Outlook
- Cameras
- LiDAR Sensors
- Thermal Imaging Cameras
Lidar Drone Market Application Outlook
- Mapping and Surveying
- Inspection and Monitoring
- Search and Rescue
- Precision Agriculture
Lidar Drone Market Range Outlook
- Short-range (less than 1 km)
- Medium-range (1-5 km)
- Long-range (over 5 km)
Lidar Drone Market Size Outlook
- Small (less than 1 kg)
- Medium (1-5 kg)
- Large (over 5 kg)
Lidar Drone Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
0.13(USD Billion) |
| Market Size 2023 |
0.15(USD Billion) |
| Market Size 2032 |
1.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
19.9% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
BlueHalo, Microdrones, Hexagon AB, Velodyne, AirMap, LidarUSA, Kespry, GeoCue, Parrot, PrecisionHawk, Emesent, Autel Robotics, FLIR Systems, L1DAR, DJI |
| Segments Covered |
Propulsion System, Payload, Application, Range, Size, Regional |
| Key Market Opportunities |
Digital Elevation Modelling Asset and Utility Inspection Precision Mapping Infrastructure Monitoring Construction Topography |
| Key Market Dynamics |
Increasing Demand for Precision Mapping and Surveying Growing Adoption in Construction and Infrastructure Government Regulations and Incentives Advancements in Sensor Technology and Data Processing Strategic Partnerships and Collaborations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Lidar Drone Market is expected to reach a valuation of 0.15 Billion USD by 2032, witnessing a remarkable CAGR of 19.9% from its 2023 valuation of 1.2 Billion USD.
North America is projected to lead the Lidar Drone Market throughout the forecast period, owing to the presence of prominent market players and the increasing adoption of advanced technologies in the region.
Lidar Drones are primarily utilized in various applications, including surveying and mapping, construction, mining, agriculture, and infrastructure inspection.
Some of the major competitors in the Lidar Drone Market include DJI, Microdrones, Autel Robotics, PrecisionHawk, and AeroVironment, among others.
The increasing demand for accurate data collection, advancements in Lidar technology, and the growing adoption of drones in various industries are primarily driving the growth of the Lidar Drone Market.
Some potential challenges faced by the Lidar Drone Market include stringent regulations regarding drone usage, privacy concerns, and the high cost of Lidar systems.
Key trends shaping the Lidar Drone Market include the integration of AI and machine learning, the development of autonomous drones, and the growing adoption of cloud-based data processing.
The Lidar Drone Market is anticipated to exhibit a robust growth rate, with a CAGR of 32.96% projected during the forecast period from 2023 to 2032.
The Lidar Drone Market is segmented based on factors such as type, application, and region. The type segment includes rotary-wing and fixed-wing drones. The application segment covers surveying and mapping, construction, mining, agriculture, and infrastructure inspection.
The key regional markets for Lidar Drones include North America, Europe, Asia-Pacific, and the Rest of the World. North America and Europe are currently the dominant markets, while Asia-Pacific is expected to witness substantial growth in the coming years.
