Construction Drone Market Size, Share, Global Industry Analysis, 2020–2027 | by Type, Application

According to a new report published by Allied Market Research, titled, “Construction Drone Market by Type, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” 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.

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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.

Covid-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted the construction drone market, which is expected to hamper the growth of the market throughout the year. This has further affected the demand for construction drones from the developing countries, including India and China, thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in production of the construction drones around the globe. All these factors together are anticipated to negatively impact the market growth.

Key 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.

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Key Market Segments

By Type

Fixed Wing Drone
Rotary Wing Drone

By Application

Surveying Land
Infrastructure Inspection
Security & surveillance
Others

By End-User

Residential
Commercial
Industrial

By Region

North America
Europe
Asia-Pacific
LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.