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Construction Drone Market 2024-2033: Competitor Assessment, Industry Size And Major Players

Construction Drone Market

Construction Drone Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Construction Drone Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The construction drone market size has grown rapidly in recent years. It will grow from $6.01 billion in 2023 to $6.99 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. The growth in the historic period can be attributed to evolving regulations and guidelines, rapid urbanization, increased disaster, infrastructure development, labor shortages.

The construction drone market size is expected to see rapid growth in the next few years. It will grow to $12.27 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to adoption of 5G technology, rise of DaaS models, rise of smart cities, adaptation to remote work, growing emphasis on sustainability. Major trends in the forecast period include hybrid drone solutions, drone swarms, adoption of subscription-based models, specialized drones, AI-driven analytics.

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Market Segmentation:
The construction drone market covered in this report is segmented -
1) By Type: Fixed Wing Drones, Rotary Wing Drone
2) By Component: Solution, Services
3) By Application: Surveying, Inspection, Security And Surveillance, Disaster Recovery, Filming And Photography, Other Applications
4) By End User: Residential, Commercial, Industrial

Major Driver - Construction Drone Market Soars With The Surge In Rapid Urbanization
Rapid urbanization is expected to propel the growth of the construction drone market going forward. 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. For instance, in 2022, according to the World Bank, a US-based financial institution, over 50% of the world's population are living in urban areas. The number is expected to increase by 1.5 times, to 6 billion, by 2045. Therefore, rapid urbanization is driving the growth of the construction drone market.

Competitive Landscape:
Major companies operating in the construction drone market report are Rheinmetall Canada Inc., Autodesk Inc., FLIR Systems Inc., Topcon Positioning Systems Inc., Altus Intelligence Inc., Parrot SA, Skyward Company, AeroVironment Inc., Quantix by AeroVironment Inc., Insitu Inc., Yuneec International Co. Ltd., Freefly Systems Inc., Microdrones GmbH, YellowScan Inc., Percepto Ltd., Airware Inc., Cyberhawk Innovations Ltd., Kespry Inc., Aerialtronics LLC., Skycatch Inc., Draganfly Inc., Delair Tech SAAS, Datumate Ltd., 3D Robotics Inc., Airobotics Ltd., DJI Enterprise Co. Ltd., senseFly Ltd., Flyability SA, Vigilant Aerospace Inc., Martek Aviation BA, PrecisionHawk Inc.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/construction-drone-global-market-report

Top Trend - Cloud-Connected Dock Solutions Elevating The Construction Drone Market
Major companies operating in the construction drone market are focusing on innovative products, such as cloud-connected base stations for drones, to better meet the needs of their existing consumers. Cloud-connected base stations for drones are ground-based stations that are cloud-connected and act as communication hubs for managing and directing drone operations. For instance, in December 2022, Skydio, a US-based manufacturing firm of drone and autonomous flight technology, launched Skydio Dock and Skydio Dock Lite, powered by the latest Remote Ops software. Dock and Dock Lite are the tiny, lightest, and smartest cloud-connected drone base stations on shelves today. Skydio's Dock solutions, built on sophisticated AI models, provide clients with comprehensive remote and autonomous insight into activities like site examination and tracking, visualization, and situational awareness inside and outdoors from anywhere in the globe.

The Table Of Content For The Market Report 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
…..
27. Construction Drone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

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