LiDAR Drone Market Share, Regional Analysis and Manufacturing Industry Insights 2020
Geographically, North America held USD 54.81 million in terms of revenue in 2019. This growth is attributable to the presence of multiple industry giants in this region. Also, the U.S. is exhibiting an excellent development and innovation for improving the LiDAR technology, especially in the mapping industry. Asia Pacific, on the other hand, is set to showcase a strong growth fueled by the increasing applications of LiDAR drones in disease controlling and precision farming studies.
The report states that the LiDAR drone market size stood at USD 136.69 million in 2019 and is projected to reach USD 482.67 million by 2027, exhibiting a CAGR of 20.02% during the forecast period (2020 – 2027). The global LiDAR drone market is set to gain traction from the rising popularity of drones in different applications worldwide.
The emergence of the COVID-19 pandemic across the globe has raised major concerns regarding the demand for LiDAR drones amongst manufacturers. Owing to the complete lockdown measures, several organizations are facing production issues. Some of them are also facing tremendous backlogs in their manufacturing schedules because of disruptions in the supply chain. Our reports would provide elaborate information about the current scenario of every market.
This Report Answers the Following Questions:
- What are the market dynamics, drivers, and obstacles?
- What are the challenges and opportunities in the market?
- Which segment is set to lead the market in the coming years?
- Which strategies are being used by key companies to drive sales?
"Solid-state LiDAR Segment to Exhibit Highest CAGR Backed by its Numerous Benefits"
Based on type, the market is bifurcated into mechanical LiDAR and solid-state LiDAR. Out of these, the mechanical LiDAR segment earned 90.8% in terms of LiDAR drone market share in 2019. The solid-state LiDAR segment, on the other hand, is anticipated to exhibit the highest CAGR owing to its ability to provide several benefits.
Fortune Business Insights™ presents a list of the prominent LiDAR drone manufacturers operating in the global market. They are as follows:
- Teledyne Optech (Canada)
- RIEGL Laser Measurement Systems GmbH (Austria)
- Velodyne Lidar, Inc. (The U.S.)
- RoboSense (China)
- Leica Geosystems AG (Switzerland)
- LeiShen Intelligent System Co., LTD (China)
- Delair (France)
- Phoenix LiDAR Systems (The U.S.)
- Benewake (Beijing) Co., Ltd. (China)
- Yellow Scan (France)
Other Related News:
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]