With 16.10% CAGR, Construction Drone Market Size US$ 10,610.30 Million by 2027

IMARC Group's latest report, titled "Construction Drone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global construction drone market reached a value of US$ 4,579.40 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10,610.30 Million by 2027, exhibiting a CAGR of 16.10% during 2022-2027.

A construction drone is a remotely controlled unmanned aerial vehicle widely used for survey and inspection purposes. It generally consists of a global positioning system (GPS) and downward-facing sensors, including red, green, and blue (RGB), thermal, light detection and ranging (LiDAR), and thermal that aid in monitoring the construction, such as a long stretch of railroads and roads sites. It is remotely navigated autonomously by a computer program or controlled by a human operator. Additionally, it assists in gathering accurate survey maps and aerial images of construction materials, machinery and workers for identifying potential issues that are not evident at ground-level inspections. As a result, it has found extensive applications among building planners, academicians, architects, contractors, designers, and engineers to enhance construction activities for greater efficiency.

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Construction Drone Market Growth and Demand:

The accelerating focus on infrastructural development projects majorly drive the global market. This can be attributed to the increasing number of repair and renovation activities due to the emerging construction industry. Along with this, the widespread adoption of construction drones for inspecting and maintaining highways, buildings, and pavements, mapping historical monuments, monitoring damages and cracking, and maintaining facades are impacting the market growth favorably. Additionally, the rising product application in 3D modeling for reconstruction and photogrammetric uses, including volume measurement, are also significantly supporting the market. Since construction drones help in making several improvements, such as improving safety conditions, streamlining workflow, and improving accuracy in reporting while streamlining workflow, this is propelling the market growth. Moreover, the widespread integration of artificial intelligence (AI) and machine learning (ML) with construction drones are creating a positive market outlook. Some other factors driving the market further include rapid urbanization and the increasing preference for automation.

Competitive Landscape with Key Players:

• 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

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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)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, 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 (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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