Construction Drone Market 2023 Analysis By Size, Share, Growth Opportunities, Trends Up To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Construction Drone Global Market Report 2023 identifies Rapid urbanization as the major driver for the Construction Drone market's growth in the forecast period. Urbanization refers to the process of increasing population in cities due to migration and the settlement of more people there than in rural areas. Increasing urbanization increases the need for residential and infrastructural construction, which increases the demand for construction drones as they are helpful in surveying and monitoring construction work.

The global construction drone market size is expected to grow from $5.18 billion in 2022 to $5.18 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction drone market size is expected to grow to $10.46 billion in 2027 at a CAGR of 15.0%.

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Major competitors in the Construction Drone market are 3D Robotics Inc., AeroVironment Inc., DJI Enterprise, Teledyne FLIR LLC, Insitu Inc., Leptron Unmanned Aircraft Systems Inc.

A key trend in the Construction Drone market includes technological advancements. Major companies operating in the construction drone market are focused on developing new technological solutions to strengthen their position in the market. For instance, in December 2021, Komatsu, a Japan-based manufacturer of construction, forestry, mining, and industrial heavy equipment, launched the Smart Construction Drone tool to simplify production tracking and billing. It is integrating drones into its suite of job site technologies to enable contractors to analyze data throughout each project phase, tracking production and billing with precision.

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The Construction Drone market is segmented -
• By Type: Fixed Wing Drones, Rotary Wing Drones
• By Component: Solution, Services
• By Application: Surveying, Inspection, Security And Surveillance, Disaster Recovery, Filming And Photography, Other Applications
• By End User: Residential, Commercial, or Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the Construction Drone market.

The Business Research Company's "Global Construction Drone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Construction Drone Market Include:

1. Executive Summary
2. Construction Drone Market Characteristics
3. Construction Drone Market Trends And Strategies
4. Construction Drone Market - Macro Economic Scenario
5. Construction Drone Market Size And Growth
………………………………………………………
26. Africa Construction Drone Market
27. Construction Drone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Construction Drone Market
29. Construction Drone Market Future Outlook and Potential Analysis
30. Appendix

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