Construction Drone Market Witnessing Stunning Growth at a CAGR of 15.4% by 2027

The global construction drone market size was valued at $4,800.0 million in 2019, and is projected to reach $11,968.6 million by 2027, registering a CAGR of 15.4% from 2020 to 2027. Construction drone enables construction teams to get holistic view of construction site, materials, people, and machinery, thereby assuring workplace safety and security. Construction drones are increasingly being used for applications such surveying lands, geographical mapping, and inspection of infrastructure due to the advantages such as real-time data acquisition, accurate image capturing, and accessibility to hazardous areas.

Rise in demand for construction drones is attributed to development of the construction industry around the globe, which leads to rise in the need for surveying of vast land mass containing uneven ground and rocky obstacles. These tasks can be performed efficiently and quickly by construction drones as compared to humans. For instance, in September 2019, Survey of India (SoI) and National Mapping Agency (NMA) launched a program for large-scale mapping (LSM) in the country, which is expected to use professional grade construction drones. This is expected to drive the growth of construction drone market during the forecast period.

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Leading Players:

The key players profiled in the construction drone market report include 3D Robotics, Inc., AeroVironment, Inc., DJI, FLIR Systems, Inc., Insitu, Inc., Leptron Unmanned Aircraft Systems, Inc., Parrot Drones, PrecisionHawk, Trimble Inc., and Yuneec International Co. Ltd.
Key players in the construction drone market are continuously taking efforts to improve their product offerings to cater to dynamic requirements of the industry. For instance, in April 2020, DJI launched Mavic Air 2, which has 8 GB on-board memory storage and 3,500 mAh battery for aerial photography and video surveillance of residential construction sites.

Global Construction Drone Market Segments

By Type
• Fixed Wing Drone
• Rotary Wing Drone

By Application
• Surveying Land
• Infrastructure Inspection
• Security & surveillance
• Others

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Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging construction drone market trends and dynamics.
• Depending on type, the rotary-wing drones segment dominated the construction drone market, in terms of revenue in 2019, and is projected to grow at a significant CAGR during the forecast period.
• On the basis of application, land surveying has garnered highest share of revenue in 2019.
• By end user, the residential segment registered highest revenue in 2019.
• Asia-Pacific region is projected to register the highest growth rate in the coming years.
• The key players within the construction drone market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the construction drone industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.
• In-depth construction drone market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.

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