In 2022, the commercial drone industry is valued at a whopping $24.39 billion, a significant increase from the previous year’s $16.7 billion. However, the promising industry of drone services and aerial imaging does not stop there. It is expected to grow at an astronomical amount of $504.5 billion by 2030. These numbers are computed through research that insisted on a 46.04% compound annual growth rate (CAGR) in the industry. This article in NerdBot by Nerd Voices provides an excellent introduction and future perspective on drone lidar.
A huge portion of the said worth is brought into the industry by LiDAR drones with a market size of around $150 million in 2022. The LiDAR drone market is also expected to grow to $455 million by 2028 given that it will have a CAGR of 17.98%.
The Development of LIDAR Drones
In today’s world, drones are more than just flying vehicles with cameras. The innovation of drones paved the way for LiDAR technology to be incorporated.
LiDAR stands for Light Detection and Ranging, which is a measurement system that uses light to gather information on any surface it passes through. This information can be used as data to be translated into 3D topology maps and models, which can be useful in many studies. But how can LiDAR technology make that happen?
Well, LiDAR technology uses a combination of lasers and light energy to scan any subject or surface from a distance. The drone’s built-in lasers release pulses of light energy that bounce back to the drone’s sensors, making it aware that there is an object wherever the light bounced back. These details are recorded simultaneously and are used as data later on.
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