Construction Drone Market To Reach US$ 11,959 Million By 2028 | Reputed Company - IMARC Group

PRESS RELEASE

Published April 19, 2023

How Big is the Construction Drone Market ? :

IMARC Group’s latest report, titled “Construction Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the drone in construction market. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global construction drone market size reached US$ 5,335 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 11,959 Million by 2028, exhibiting a growth rate (CAGR) of 15.5% during 2023-2028.

Construction Drone Uses:

A construction drone refers to a remotely controlled device that is equipped with a global positioning system (GPS) and downward-facing sensors, such as multispectral, thermal, and light detection and ranging (LiDAR) and red, green, and blue (RGB). It aids in gathering accurate survey maps and aerial images of machinery, construction sites, materials, and individuals to detect potential issues not evident at ground-level inspections. The construction drone is extensively utilized by building planners, contractors, designers, academicians, engineers, architects, etc., as it allows location referencing in real-time to improve construction activities for greater efficiency. As a result, this device finds widespread applications across the residential, commercial, and industrial sectors.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

3d Robotics Inc
Aerialtronics
Delair
Dronedeploy Inc
Kespry Inc
Parrot Drone SAS
Precisionhawk Inc
Skydio Inc
SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited)
Teledyne Flir LLC (Teledyne Technologies)
Yuneec International Co. Ltd

Construction Drone Market Innovation Trends, Advanced Technology and Development:

The increasing number of infrastructure development projects and the widespread adoption of this device for topographic mapping, land surveys, equipment tracking, personnel security, and inspecting sites with uneven ground and rocky obstacles are among the primary factors driving the construction drone market. Moreover, it also assists in making various improvements, including improving safety conditions, reducing costs, increasing accuracy in reporting, streamlining workflow, etc., which is catalyzing the global market. Apart from this, the rising utilization of construction drones to perform surveys in high-risk zones is acting as another significant growth-inducing factor.

Additionally, the introduction of innovative product variants that are integrated with advanced technologies, an extended range of connectivity, and long-lasting batteries is further stimulating the market growth. Besides this, the growing need for these devices to create aerial maps and three-dimensional (3D) models is expected to bolster the construction drone market in the coming years.

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Key Market Segmentation:

Breakup by Type:

Fixed Wing Drone
Rotary Wing Drone

Breakup by Application:

Surveying Land
Infrastructure Inspection
Security and Surveillance
Others

Breakup by End User:

Residential
Commercial
Industrial

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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