Overview and Scope
Construction drones are unmanned aerial vehicles that are used for tracking and monitoring the progress of a construction site. The use of drones in construction is a real flying industry.
Sizing and Forecast
The construction drone market size has grown rapidly in recent years. It will grow from $6.01 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to evolving regulations and guidelines, rapid urbanization, increased disaster, infrastructure development, labor shortages.
The construction drone market size is expected to see rapid growth in the next few years. It will grow to $12.27 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to adoption of 5G technology, rise of DaaS models, rise of smart cities, adaptation to remote work, growing emphasis on sustainability. Major trends in the forecast period include hybrid drone solutions, drone swarms, adoption of subscription-based models, specialized drones, AI-driven analytics.
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Segmentation & Regional Insights
The construction drone market covered in this report is segmented –
1) By Type: Fixed Wing Drones, Rotary Wing Drone
2) By Component: Solution, Services
3) By Application: Surveying, Inspection, Security And Surveillance, Disaster Recovery, Filming And Photography, Other Applications
4) By End User: Residential, Commercial, Industrial
Asia Pacific was the largest region in the construction drone market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the construction drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rapid urbanization is expected to propel the growth of the construction drone market going forward. Urbanization refers to the process of increasing population in cities due to migration and the settlement of more people there than in rural areas. Increasing urbanization increases the need for residential and infrastructural construction, which increases the demand for construction drones as they are helpful in surveying and monitoring construction work. For instance, in 2022, according to the World Bank, a US-based financial institution, over 50% of the world’s population are living in urban areas. The number is expected to increase by 1.5 times, to 6 billion, by 2045. Therefore, rapid urbanization is driving the growth of the construction drone market.
Key Industry Players
Major companies operating in the construction drone market report are Rheinmetall Canada Inc., Autodesk Inc., FLIR Systems Inc., Topcon Positioning Systems Inc., Altus Intelligence Inc., Parrot SA, Skyward Company, AeroVironment Inc., Quantix by AeroVironment Inc., Insitu Inc., Yuneec International Co. Ltd., Freefly Systems Inc., Microdrones GmbH, YellowScan Inc., Percepto Ltd., Airware Inc., Cyberhawk Innovations Ltd., Kespry Inc., Aerialtronics LLC., Skycatch Inc., Draganfly Inc., Delair Tech SAAS, Datumate Ltd., 3D Robotics Inc., Airobotics Ltd., DJI Enterprise Co. Ltd., senseFly Ltd., Flyability SA, Vigilant Aerospace Inc., Martek Aviation BA, PrecisionHawk Inc.
The construction drone market report table of contents includes:
1. Executive Summary
2. Construction Drone Market Characteristics
3. Construction Drone Market Trends And Strategies
4. Construction Drone Market – Macro Economic Scenario
5. Global Construction Drone Market Size and Growth
…
32. Global Construction Drone Market Competitive Benchmarking
33. Global Construction Drone Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Construction Drone Market
35. Construction Drone Market Future Outlook and Potential Analysis
36. Appendix
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