The Construction Drone Global Market Report 2023 by The Business Research Company, provides construction drone market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Construction Drone Global Market Report 2023, the market size is expected to grow from $5.18 billion in 2022 to $5.18 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of construction drone is expected to grow to $10.46 billion in 2027 at a CAGR of 15.0%.
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.
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The construction drone market is segmented:
1) By Type: Fixed Wing Drones, Rotary Wing Drones
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, or Industrial
Technological advancements are a key trend gaining popularity in the construction drone market. Major companies operating in the construction drone market are focused on developing new technological solutions to strengthen their position in the market. For instance, in December 2021, Komatsu, a Japan-based manufacturer of construction, forestry, mining, and industrial heavy equipment, launched the Smart Construction Drone tool to simplify production tracking and billing. It is integrating drones into its suite of job site technologies to enable contractors to analyze data throughout each project phase, tracking production and billing with precision. Contractors would gather and analyze data throughout each project phase with topographic surveys that would incorporate hundreds of thousands of data points. With the capability of taking photos from up to 400 feet above ground level or under bridge decks, the Smart Construction Drone can be used for pre-job verification or to keep stakeholders up-to-date.
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. Construction Drone Market Size And Growth
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26. Africa Construction Drone Market
27. Construction Drone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Drone Market
29. Construction Drone Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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