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The Global LiDAR Drone Market was valued at USD 183.4 million in 2023 and is projected to grow at a CAGR of over 19% from 2024 to 2032, driven by the increasing demand for precision mapping and surveying across various industries.
Sectors, such as construction, mining, agriculture, and urban planning are increasingly relying on accurate geographical data. LiDAR technology excels in capturing high-resolution, three-dimensional topographic data, making it essential for land surveying, infrastructure assessment, and environmental monitoring. To meet this growing demand, major market players are introducing new LiDAR drone solutions. For instance, in February 2024, Wingtra launched an innovative LiDAR drone solution. This new payload integrates the efficiency and high accuracy of WingtraOne GEN II drones with a Wingtra-engineered LiDAR sensor for enhancing the capabilities of LiDAR technology.
The overall industry is divided into component, LiDAR type, drone, range, end-user, and region.
The market is segmented based on LiDAR type into topographic and bathymetric categories. In 2023, the topographic segment accounted for over 75% of the market share. Topographic LiDAR provides accurate, 3-dimensional representations of land surfaces, which are important for applications in construction, urban planning, and environmental management. The demand for detailed terrain information has surged as industries require precise data for planning and development projects. This technology's ability to capture land elevation, contours, and features aids in creating digital elevation models (DEMs) and conducting comprehensive land surveys.
When segmented by drone type, the market is divided into fixed-wing and rotary-wing categories. In 2023, the rotary-wing segment generated USD 114 million in revenue. Rotary-wing drones offer efficient maneuverability and stability, which are essential for capturing detailed data in complex and confined environments. Their vertical movement capabilities enable them to survey challenging terrains, such as dense forests, urban landscapes, and intricate infrastructures, making them indispensable for tasks requiring high-resolution data and detailed 3D mapping.
North America held a significant share of the LiDAR drone market in 2023, with around 35% of the market share. The region's infrastructure expansion and urban development are key drivers of this industry growth. Government investments in modernizing infrastructure and planning new projects have increased the demand for precise and detailed data to guide these initiatives. For example, in June 2024, the U.S. Transportation Department received USD 1.8 billion from the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant program, aimed at enhancing American infrastructure sustainably and equitably.