Construction Drone Market Anticipated to Reach $11,968.6 Million by 2027

Construction drone is an unmanned aerial vehicle (UAV), which finds its application in construction activities. Manual operation and automated operations of construction drone are possible from remote places through remote and battery. Construction drone enables construction teams to get holistic view of construction site, materials, people, and machinery, thereby assuring workplace safety and security.

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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.

Exponential population growth coupled with rapid urbanization has resulted in increase in residential and nonresidential construction activities in the developed and developing countries such as the U.S., Canada, the UK, Russia, India, China, and Brazil. For instance, in August 2020, Statistics Canada, a national statistical agency of Canada, released a report on economy of Canada.

Key Market Players

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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This release was published on openPR.