Daily Technology News

Technology News and Press Release Distribution Services

About US | Contact Us

Home | Technology News | Submit Press Release | Submit RSS Feed
Unlimited Press Release Distribution
Press release distribution service

IT News Media

ComputerWeekly
CIO News
PC World
MacWorld
InfoWorld
Tech Republic
Wall Street Journal Digital
ZDNet
Submit press release to these Tech media distribution list.

Technology News Releases

LiDAR Drone Market estimated to be worth $392 million by 2025

 



(IT-NEWSWIRE.COM, September 18, 2021 ) According to the research report the "LiDAR Drone Market by Component (LiDAR Lasers, UAV Cameras), Type (Rotary-wing LiDAR Drones, Fixed-wing LiDAR Drones), Range (Short, Medium, Long), Application (Corridor Mapping, Archeology, Environment), Region - Global Forecast to 2025", is projected to grow from USD 133 million in 2020 to USD 392 million by 2025; it is expected to grow at a CAGR of 24.2% from 2020 to 2025. Key factors fueling the growth of this market are easing of regulations related to the use of commercial drones in different applications and growing demand for LiDAR drones for use in corridor mapping and precision agriculture applications.

Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128835365

“The rotary-wing LiDAR drones segment led the LiDAR drone market in 2019.”

In 2019, the rotary-wing LiDAR drones segment accounted for a larger share of the LiDAR drone market than the fixed-wing LiDAR drones. The growth of this segment can be attributed to the increased flexibility offered by rotary-wing or multi-rotor LiDAR drones. These low-cost drones offer better maneuverability than fixed-wing LiDAR drones. Moreover, rotary-wing LiDAR drones are highly compatible with short-range and medium-range LiDAR drone systems. This is expected to play a significant role in the growth of the rotary-wing LiDAR drones segment of the market. Rotary-wing LiDAR drones are easy to fly. They are suitable for small-scale mapping applications. These drones are capable of collecting highly accurate data, thereby leading to their increased global demand.

“Short-range LiDAR drones accounted for the largest share of the LiDAR drone market in 2019.”

In 2019, short-range LiDAR drones accounted for the largest share of the LiDAR drone market. The growth of this segment can be attributed to the increased global demand for short-range LiDAR drones, which are lightweight and offer highly detailed data acquisition. Short-range LiDAR drones have gained traction over the last few years owing to increase in their use by surveyors as no additional permissions are required to fly them.

“The LiDAR drone market in Asia Pacific (APAC) projected to grow at the highest CAGR during the forecast period.”

The LiDAR drone market in APAC is projected to grow at the highest CAGR from 2020 to 2025. The growth of the market in this region can be attributed to the rising deployment of LiDAR drones in corridor mapping and geographical surveying applications and increasing focus on the modernization of LiDAR drones. China, India, and Japan are expected to be the major markets for LiDAR drones in APAC, as developed countries, such as the US, Canada, France, and the UK are expected to increasingly outsource their LiDAR drones to these countries for mapping and surveying applications in near future.

Phoenix LiDAR Systems (US), RIEGL Laser Measurement Systems GmbH (Austria), Velodyne LiDAR, Inc. (US), Teledyne Optech (Canada), UMS Skeldar (Switzerland), LiDARUSA (US), YellowScan (France), Geodetics, Inc. (US), OnyxScan (Belgium), Delair (France), MicroDrones (Germany), Livox (China), Sick AG (Germany), Routescene (UK), NextCore (UK), GreenValley International (US), Beijing SureStar Technology Co. Ltd. (China), Benewake (Beijing) Co., Ltd. (China), SABRE Advanced 3D Surveying Systems (UK), and Cepton Technologies, Inc. (US) are the key players in the LiDAR drone market. These players are increasingly undertaking strategies such as product launches, partnerships, collaborations, contracts, agreements, acquisitions, and expansions to increase their share in the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehraa
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com



Technology News By Sector
  • Application Development
  • Big Data
  • Desktops
  • Cloud Computing
  • Data Centers
  • Mobile Computing
  • OS
  • Open Source
  • Security
  • Virtualization
  • 
    
    

     Sign-Up To Our Free Newsletter!  
    IT-NewsWire Newsletter
     


    
    
    
    
    Technology Marketplace

    Free Information Technology Magazines, Downloads
    Get free tech publications including magazines and white papers
    Amazon, Inc News Headlines
    Read breaking news about Amazon.com as reported by TV news anchors and summaries news articles from New York Times

    Free Computer Security Magazines
    Download or subscribe to latest IT Security publications -- free of charge.

    Microsoft News
    Microsoft financial and at Work: read news about MSFT hardware, software and services.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!



    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    IT-Newswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.


    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    IT-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC