The technology superiority in the LiDAR drone market and encouragement from government and institutes for the adoption of LiDAR are the key drivers for the LiDAR drone market. Some of the major players in the LiDAR drone market are Velodyne LiDAR (U.S.), Phoenix Aerial Systems (U.S), Riegl Laser Measurement Systems GmbH (Austria), SICK AG (Germany), and YellowScan (France).
Velodyne LiDAR is the leader in the LiDAR drone market and has played a significant role in the development and promotion of this technology. The company’s LiDAR sensors are being used by many companies such as Google Inc. (U.S.) and Ford Motors (U.S.) for the testing and development of autonomous cars. Recently, the company introduced a low-cost LiDAR sensor especially for the automotive sector, priced at USD 7,999. This new sensor is compact in size and can be easily installed in the drones. It has a significant opportunity for growth owing to its application in the LiDAR drone market.
Phoenix Aerial Systems is another major player in the LiDAR market. It has a strong presence in the LiDAR laser systems market. Many drones companies such as DJI (China) use its scanner for high-quality pictures. The company has a wide geographical reach with distribution and sales offices in several locations. The company has adopted new product launches as the key strategy to increase its business in the LiDAR market. Recently, the company introduced an advanced laser named AL3-32. The company has reduced the weight of the product and made it optimal for medium-sized UAVs. This product was introduced after identifying the growth potential of laser scanners in the drone market. The company has been striving for over a decade to live up to customers’ expectations with respect to LiDAR scanners, point cloud data, and quality assurance.
Rotary wing LiDAR drone expected to grow at the highest CAGR
The rotary wing LiDAR drone market is expected to grow at the highest CAGR during the forecast period. The ability of rotary wing LiDAR drones to take off without runways and its high degree of maneuverability are the reasons for the high growth of this market.
The corridor mapping application held the largest market share in 2015
The corridor mapping application held the largest share of the market in 2015. Highway corridors are built after proper planning and designing to ensure that they can withstand the pressure exerted by vehicles on a regular basis. As highway projects are constructed from a long-term perspective, it is necessary to conduct a thorough feasibility study of the terrain on which the highway is to be constructed. LiDAR drone provides all this information by building three-dimensional (3D) elevation models of the surveyed area.
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Infrastructure development is further expected to increase in coming years, which would, in turn, lead to increased usage of LiDAR drones for inspecting the growth of the infrastructure project. These benefits drive the market in the corridor mapping application.
Other companies involved in the LiDAR drone market are 3D Robotics, Inc. (U.S.), DJI (China), FARO Technology (U.S.), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), Riegl Laser Measurement Systems GmbH (Austria), Trimble Navigation Limited (U.S.), Sick AG (Germany), and YellowScan (France).
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