Houston, TX -- (SBWIRE) -- 06/01/2018 -- LiDAR is known as Light Detection and Ranging technique that is typically used in surveying and graphing geographical information. This technology integrated into a drone is then used for applications such as mapping, forestry, geography, entertainment, geology, seismology, archaeology, precision farming, and construction. The unmatched results and usefulness in the field of Geographical Information Systems that is applied in many industry verticals is benefitting the adoptions of these systems.

The LiDAR Drone market estimate is anticipated to develop at a Compound Annual Growth Rate (CAGR) of +35%.

The report on the LiDAR Drone market is a meticulous piece of work and is assembled by leading both primary as well as secondary research. The top segments in the market have been highlighted clearly in this report for the readers to understand in a précised manner. These segments have been presented by giving information on their current and predicted state by the end of the forecast period.

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Companies Profiled in this report includes, Velodyne LiDAR (U.S.), Phoenix Aerial Systems (U.S), Riegl Laser Measurement Systems GmbH (Austria), SICK AG (Germany), and YellowScan (France), 3D Robotics, Inc. (U.S.), DJI (China), FARO Technology (U.S.), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada) and Trimble Navigation Limited (U.S.).

The increasing use of drones, across various applications, such as aerospace & defense, agriculture & forestry, and natural resources management, among others, is expected to propel the industry's growth. Moreover, technological advancements with regards to drones, and the rising need for surveillance are further driving the market growth. However, high costs associated with LiDAR drones are restricting their adoption.

Based on product type, the global LiDAR drone market can be bifurcated into fixed wing and rotary wing. Of these, the rotary wing LiDAR segment is expected to report the highest CAGR between 2016 and 2022. The robust demand that the segment has been witnessing is attributed to the compact size and cheaper price of rotary wing LiDAR as compared to fixed wing LiDAR. Additionally, the design of rotary wing LiDAR enables easy access to confined specs such as bridges and pipeline, due to which it is preferred for monitoring and inspection applications. A rotary wing LiDAR can fly both horizontally and vertically. It can also hover in a fixed position, which makes it best suited for high resolution video capturing and aerial photography.

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In North America, the agriculture & forestry industry is likely to remain prosperous and a major contributor towards the GDP. Aerial photography helps farmers to identify their crops and take decisions of whether or not increasing the water supply. Its application in farming has increased, reflecting greatly on the North American market. Moreover, North America is expected to continue its dominance in the LiDAR drone market, owing to rising investments in innovations in the defense sector. Military and defense applications in the region are likely to grow at an augmented pace, due to demand fueled by government investment.

The report's conclusion uncovers the overall range of the Global LiDAR Drone Market in terms of feasibility of investments in the different sections of the market, alongside a descriptive entry that layouts the plausibility of new activities that may prevail in the market sooner rather than later.

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Significant Highlights of the Report:
? A pure assessment of the orbit of the market
? Studies on the evolving Global LiDAR Drone market segments regions
? Market shares and strategies of leading players that are involved in the market
? Market segmentation up to the last level
? A point-to-point assessment of the market development
? Historical, present, and future size of the market from the perspective of both value and volume
? Suggestions to the companies to establish their foothold in the market

Table of Contents
Global LiDAR Drone Market Research Report
Chapter 1 LiDAR Drone Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global LiDAR Drone Market Forecast