New Analysis from Global Industry Analysts Reveals Exciting Growth for LiDAR Drones, with the Market to Reach $161.9 Million Worldwide by 2026

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Oct 20, 2021, 10:52 ET

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "LiDAR Drones - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 366
Companies: 12 - Players covered include 3D Robotics, Inc. (3DR); DJI; FARO Technologies, Inc.; Leica Geosystems AG; Phoenix LiDAR Systems; Riegl Laser Measurement Systems GmbH; SICK AG; Teledyne Optech; Trimble Navigation Ltd.; Velodyne Lidar, Inc.; Yellowscan and Others.
Coverage: All major geographies and key segments
Segments: Product (Rotary Wing, Fixed Wing); Application (Corridor Mapping, Archaeology, Construction, Environment, Entertainment, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global LiDAR Drones Market to Reach $161.9 Million by 2026
Amid the COVID-19 crisis, the global market for LiDAR Drones estimated at US$50.4 Million in the year 2020, is projected to reach a revised size of US$161.9 Million by 2026, growing at a CAGR of 21.1% over the analysis period. Rotary Wing, one of the segments analyzed in the report, is projected to record a 22.4% CAGR and reach US$133.9 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fixed Wing segment is readjusted to a revised 18.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $19 Million in 2021, While China is Forecast to Reach $28.4 Million by 2026
The LiDAR Drones market in the U.S. is estimated at US$19 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.4 Million by the year 2026 trailing a CAGR of 20.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19% and 17.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.