The increasing automation through LiDAR drones and reduction of human efforts drive the growth of the market. LiDAR drones have applications in corridor mapping, archaeology, precision farming, environment, construction, and entertainment.
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Both top-down and bottom-up approaches have been considered to estimate the size of the LiDAR drone market. This research study involves an extensive usage of secondary sources, directories, and databases (such as Factiva and OneSource) to identify and collect information useful for the technical, market-oriented, and commercial study of the market.
The points below explain the research methodology applied for this report:
The market for rotary wing LiDAR is expected to grow at the highest CAGR between 2016 and 2022. Rotary wing drones are smaller in size and cheaper than fixed wind LiDAR drones.
Their design enables them to access confined spaces such as pipelines and bridges, owing to which they are used for inspection & monitoring applications. They can fly vertically and horizontally and can also hover in a fixed position, which makes them best suited for aerial photography and high-resolution video capturing.
The LiDAR drone ecosystem comprises LiDAR sensor manufacturers such as SICK AG (Germany), Velodyne LiDAR (U.S.), FARO Technology (U.S.), and Phoenix Aerial Systems (U.S.) among others; LiDAR systems providers such as YellowScan (France), Riegl Laser Measurement Systems (Austria), drone providers such as 3D Robotics Inc. (U.S), and DJI (China) among others.