Lidar Drone Market Size, Share, Growth Analysis, By Type(Multirotor, Fixed Wing and Single Rotor UAV), By Application(Search & Rescue, Environment, Mining & Construction, and Others), By Region - Industry Forecast 2024-2031

Global LiDAR Drone Market size was valued at USD 1.56 Billion in 2022 and is poised to grow from USD 2.12 Billion in 2023 to USD 14.19 Billion by 2031, at a CAGR of 25.5% during the forecast period (2024-2031).

Light Detection and Ranging or LiDAR is used to identify, recognise, and create virtual representations of objects. Because it is accessible in both 2D and 3D forms, it is the most recent remote sensing technology. Currently, the technology is used in many other industries, including building, engineering, archaeology, and GIS mapping. This LiDAR market sector is increasing quickly because of the efficient, tiny image-capturing sensors found on autos. For instance, prominent corporations like Velodyne, Routescene, YellowScan, and Riegl have invested a significant amount of money in the creation of small drones, possess highest quality imaging capabilities for each LiDAR system's functional capabilities and is being used in a variety of industries, including the aerospace, automotive, and military.

Lidar drones excel in topographic mapping, land surveying, and urban planning by producing models in 3D with a high degree of accuracy. They efficiently map the affected areas for immediate search and rescue operations and damage assessment in disaster management. Their accuracy and speed make them very valuable for routine and emergency applications that capably improve data collection capabilities and the response to emergencies. Continuous improvements in Lidar sensors are leading to higher accuracy and resolution, making drones suitable for more detailed and precise applications.

US Lidar Drone Market is poised to grow at a sustainable CAGR for the next forecast year.