LiDAR Drones Market: Introduction
LiDAR is a light detection and ranging technology that uses rapid laser pulses to map the surface of the earth. It is useful in creating high resolution digital surfaces, terrain, and elevation models for business applications. Manufacturers are focusing on innovations to lower the cost and size of LiDAR models and system integrators. Moreover, companies are integrating LiDAR technology on UAVs, as 3D mapping device.
LiDAR is an active system that utilized ultraviolet, near infrared light to capture images; it requires no extra light for effective mapping. While a lot of focus is being put on the RGB camera enabled drones, LiDAR drones are slowly being preferred by companies as a high resolution and accuracy option. This is expected to achieve improvements such as cutting rework on certain projects by 25%.
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LiDAR drones are employed to help project managers in the construction industry to complete tasks accurately and capture high quality elevation data that is accurate and precise. They are also used to create models for landscapes, buildings, and human made objects. Other applications include accident scenes, forestry, agriculture and landscaping, terrain modeling, archeology, and mine inspection.
The LiDAR technology is gaining traction in the defense industry as well. The technology is having a positive impact on the development of new defense equipment such as unmanned aerial vehicles for aerial surveillance. These factors are fueling the LiDAR drones market.
Development of short range LiDAR drones
Manufacturers of LiDAR drones are focused on the development of short range LiDAR drones, as they do not require additional permission from the government to fly. These short range drones are light weight, power efficient, and fly at low altitude. Moreover, these drones require small batteries, which leads to reduction in overall costs. These factors are fueling the LiDAR drones market.
However, a lack of skilled professionals and experts to maneuver LiDAR drones and high costs associated with LiDAR technology and equipment may hamper the market
Key Players in Global LiDAR Drones Market The global LiDAR drones market is highly fragmented, as a large number of manufacturers are present. Prominent players operating in the global market are focused on product launches and technological developments to cater to the increasing demand. Key players operating in the global LiDAR drones market include:
Phoenix LiDAR Systems
RIEGL Laser Measurement Systems GmbH
Velodyne LiDAR, Inc.
Teledyne Optech