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LiDAR Drone Market Share, Industry Trends, Regional Analysis and Forecast by 2027

The global  size is anticipated to showcase significant growth in the coming years on account of the increasing adoption of advanced sensor technologies into drone LiDAR systems for operational efficiency and reduced human labour requirement. Light detection and ranging technology or LiDAR is a remote sensing technology that utilizes rapid laser pulses for mapping out any surface of the earth. Various businesses adopt this technology for creating elevated models and high-resolution digital surface, the market is estimated to rise at a CAGR of 20.02% and reach USD 482.67 million by 2027 from a value of USD 136.69 million earned in 2019. The forecast period is set between 2020 and 2027. Most of the markets are struggling to generate revenue, whereas the others are at a temporary halt. Information Source:-