The Global Construction drone market size was valued at USD 14.12 billion in 2020. It is expected to grow at a CAGR of 59.2% from 2021 to 2030.
Drones having downward-facing sensors, such as RGB, multispectral, thermal, or LIDAR, are utilised in the construction sector for surveying and inspection purposes (Light Detection and Ranging). Other other businesses are also using these drones to cut expenses, boost security, and enhance productivity. These drones also keep an eye on extended spans of land like railroads, highways, and vegetation rows. Drones are currently being used to optimise operations by businesses that construct and maintain massive infrastructure projects like dams, reservoirs, airports, industrial parks, and bridges.
Market Dynamics:
Drivers:
The growing demand for construction drones can be attributed to the rapid development of the construction industry worldwide. This increases the need to survey vast land masses with uneven ground and rocky obstacles. Construction drones can perform these tasks efficiently and quickly compared to humans. For example, in September 2019, the Survey of India (SoI) and the National Mapping Agency (NMA) launched a large-scale mapping (LSM) program in India that is expected to use professional-grade construction drones. This is expected to grow the construction drone market over the forecast period.
Restraints:
Most construction occurs where the population already resides or the general public has access to nearby sites. The drone industry is in the early stages of its life cycle, and the increasing number of accidents has resulted in stringent rules and regulations, especially for commercial drone use.
Even the use of drones in the construction industry has some rules and regulations that must be followed, ultimately reducing the demand for their services. Every country in the world has its own regulations governing the use of commercial drones, making it impossible for drone service companies to operate.
Key players:
-
3D Robotics
-
AeroVironment
-
DJI
-
FLIR Systems
-
Insitu
-
Leptron Unmanned Aircraft Systems
-
Parrot Drones
-
PrecisionHawk
-
Trimble Inc.
-
Yuneec International Co. Ltd
Market Segmentation:
Construction Drone Market, By Type
-
Fixed Wing Drone
-
Rotary Wing Drone
Construction Drone Market, By Application
-
Surveying Land
-
Infrastructure Inspection
-
Security & surveillance
Construction Drone Market, By Region:
-
North America
-
Europe
-
Asia Pacific
-
Latin America
-
The Middle East & Africa
Regional Analysis:
In 2020, North America dominated the global market for construction drones, and it is anticipated that it will continue to do so during the forecast period. because the area has important critical players like Boeing and other businesses. The market is expanding as a result of rising military and commercial drone demand in the US and Canada.
Due to recent modifications in drone legislation in various nations, the Asia Pacific region is also anticipated to have considerable growth throughout the projected period. In order to encourage the use of drones in many industries, China, which has become a hub for drone manufacture, provides subsidy programmes and other helpful domestic regulations for drone purchases.
Scope of the Report:
|
Report Attribute |
Details |
|
Market size available for years |
2022 – 2030 |
|
Base year considered |
2021 |
|
Historical data |
2018 – 2021 |
|
Forecast Period |
2022 – 2030 |
|
Quantitative units |
Revenue in USD million and CAGR from 2022 to 2030 |
|
Segments Covered |
Types, Applications, End-Users, and more. |
|
Report Coverage |
Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
|
Regional Scope |
North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
Avail 25% Discount
Report Benefits
-
Free Customization Available
-
30% discount on your next purchase
-
Dedicated account manager
-
Query resolution within 24 hours
-
Permission to print the report