PUBLISHER: SkyQuest Technology Consulting Pvt. Ltd. | PRODUCT CODE: 1165258
PUBLISHER: SkyQuest Technology Consulting Pvt. Ltd. | PRODUCT CODE: 1165258
Global Lidar Drone Market size was valued at USD 143 billion in 2021, and it is expected to reach a value of USD 455 billion by 2028, at a CAGR of 17.98% over the forecast period (2022-2028).
Global LiDAR Drone market is currently growing due to various end-use applications across various sectors, such as agriculture, construction, defense, etc. Unmanned aerial vehicles have numerous uses, such as navigation, mapping, precision agriculture, mining, and infrastructure monitoring among others. The increased number of end-user applications, growing demand for accurate 3D mapping, and availability of cost-effective LiDAR technology are key factors fueling the market growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Lidar Drone Market+I19
LiDAR drone's adoption in mine applications is driving the growth. Mine operators are leveraging this technology to improve data quality, increase safety and also cut down operational expenses. At the same time, the demand for driverless, autonomous, and precision farming robots is driving the market.