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Light detection and ranging (LiDAR) technology measures distance to a target with the help of lasers. This technology is relay on illuminating objects with the help of lasers and measures the reflected light with sensor. The technology is expected to offer drone technology with new wings in a multitude of different applications.
Increase in demand for LiDAR drones for corridor mapping and precision agriculture applications is the key driving factor which is expected to boost the global light detection and ranging (LiDAR) drones market growth. Furthermore, increase in technological developments will have the positive impact on market growth. For Instance, in October 2019, RedTail had launched its new Hi-Res LiDAR mapping system for small drones. It is designed to provide high-resolution, 3D images of objects on the ground from small drones flying at an altitude up to 400 feet.
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However, easy availability of low-cost and lightweight photography systems is the major challenging factor which is expected to hamper the global light detection and ranging (LiDAR) drones market growth. Furthermore, stringent rules and regulations related to use of drones in various countries will hinder the market growth.
Market Segmentation
Global Light Detection and Ranging (LiDAR) Drones Market is segmented into product such as Rotary Wing LiDAR Drone, and Fixed Wing LiDAR Drone, by component such as Laser Scanners, Navigation and Positioning Systems, Cameras, and Others. Further, market is segmented into application such as Construction, Mining, Defense, Precision Agriculture, and Others.
Also, Global Light Detection and Ranging (LiDAR) Drones Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Velodyne LiDAR, Inc., Riegl Laser Measurement Systems GmbH, Phoenix LiDAR Systems, UMS Skeldar, LiDARUSA, YellowScan, OnyxScan, and Delair
Market Taxonomy
By Product
- Rotary Wing LiDAR Drone
- Fixed Wing LiDAR Drone
By Component
- Laser Scanners
- Navigation and Positioning Systems
- Cameras
- Others
By Application
- Construction
- Mining
- Defense
- Precision Agriculture
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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The post Global Light Detection and Ranging (LiDAR) Drones Market- Major Players are Velodyne LiDAR, Inc., Riegl Laser Measurement Systems GmbH, Phoenix LiDAR Systems appeared first on Financial Market Brief.
