Dublin, Dec. 19, 2024 (GLOBE NEWSWIRE) -- The "Construction Drone Market Report by Type (Fixed Wing Drone, Rotary Wing Drone), Application (Surveying Land, Infrastructure Inspection, Security and Surveillance, and Others), End User (Residential, Commercial, Industrial), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global construction drone market size reached US$ 6.16 billion in 2023. Looking forward, the market to reach US$ 20.45 billion by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2023-2032.
Asia Pacific was the largest market for construction drone. Some of the factors driving the Asia Pacific construction drone market included ongoing infrastructural development activities, the growing adoption of advanced construction technologies, and innovative technological advancements in the industry.
Extensive focus on infrastructure development and the increasing demand for advanced technologies that can improve reporting accuracy, safety conditions, cost-effectiveness, and workflow efficiency on construction sites represents the key factor driving the market growth. Besides this, the growing need for accurate and detailed data for construction site mapping, surveying, and inspection is positively impacting the market growth.
Moreover, the large-scale product utilization for three-dimensional (3D) modeling and photogrammetric purposes, such as volume measurement, is presenting remunerative growth opportunities for the market. Concurrent with this, the expanding product utilization in the construction industry for inspecting and maintaining pavements, highways, bridges, buildings, facades, and historical monuments is contributing to the market growth. In addition to this, these drones are extensively employed for remotely surveying high-risk areas and high-rise and tall buildings, which is acting as another significant growth-inducing factor.
In line with this, they help accelerate the process of terrain surveys by capturing data more quickly than traditional methods, which, in turn, is creating a favorable outlook for the market. Furthermore, the rise in urbanization, the increasing number of smart city initiatives, ongoing product innovations, such as the integration of advanced cloud computing and the internet of things (IoT) technologies, and the growing demand for sustainable construction solutions are aiding in market expansion.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global construction drone market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report.
Key Questions Answered in This Report
- What was the size of the global construction drone market in 2023?
- What is the expected growth rate of the global construction drone market during 2024-2032?
- What has been the impact of COVID-19 on the global construction drone market?
- What are the key factors driving the global construction drone market?
- What is the breakup of the global construction drone market based on the type?
- What is the breakup of the global construction drone market based on the application?
- What are the key regions in the global construction drone market?
Who are the key players/companies in the global construction drone market?
- 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $6161.9 Million |
| Forecasted Market Value (USD) by 2032 | $20453.4 Million |
| Compound Annual Growth Rate | 14.3% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Construction Drone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Fixed Wing Drone
6.2 Rotary Wing Drone
7 Market Breakup by Application
7.1 Surveying Land
7.2 Infrastructure Inspection
7.3 Security and Surveillance
8 Market Breakup by End User
8.1 Residential
8.2 Commercial
8.3 Industrial
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Asia-Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 South Korea
9.2.5 Australia
9.2.6 Indonesia
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 United Kingdom
9.3.4 Italy
9.3.5 Spain
9.3.6 Russia
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.5 Middle East and Africa
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Company Overview
14.3.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/39y8nu
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