Global Construction Drone Market Size study & Forecast, by Type (Rotary Wing and Fixed Wing), Application (Surveying Land, Infrastructure Inspection, Security & Surveillance, and Others), and End User (Residential, Commercial, and Industrial) and Regional

Global Construction Drone Market Size study & Forecast, by Type (Rotary Wing and Fixed Wing), Application (Surveying Land, Infrastructure Inspection, Security & Surveillance, and Others), and End User (Residential, Commercial, and Industrial) and Regional Analysis, 2022-2029

Global Construction Drone Market is valued approximately USD 6.39 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15.4% over the forecast period 2022-2029. Construction Drone is an Unmanned Arial Vehicle (UAV) utilized in construction industry surveying and inspection of construction sites. Construction drones are equipped with downward facing cameras, and sensors. These drones are widely used in inspection of buildings, bridges, roadways, railroads, roofs, cell towers, cooling towers and oil and gas infrastructure. The rising expansion of expansion of global Construction Sector and growing advancements in UAV technology as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Oxford Economics’ Future of Construction report- during 2020, the global construction output was estimated at USD 10.7 trillion, and the market is projected to grow roughly by 42% or USD 4.5 trillion between 2020 and 2030 to reach USD 15.2 trillion by end of 2030. Also, rising advancements in Construction Sector coupled with increasing industrialization in emerging markets would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Construction Drone stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Construction Drone Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to increasing utilization of construction drones in construction as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rapid expansion of commercial construction sector as well as increasing penetration of leading market players in the Asia Pacific region.

Major market player included in this report are:
3D Robotics Inc.
AeroVironment, Inc.
DJI
FLIR Systems Inc.
Insitu, Inc.
Leptron Unmanned Aircraft Systems, Inc.
Parrot Drones
PrecisionHawk
Trimble Inc.
Yuneec International Co. Ltd

Recent Developments in the Market:
In December 2021, Komatsu under its Smart Construction solutions launched a smart construction drone tool. This new drone can take still photos from up to 400 feet height and can also be used for pre-job verification.

In March 2022, Tokyo based drone startup Terra Drone closed a USD 70 million series B funding led by Mitsubishi Corporation and other investors who were part of the funding were SBI Investment, Tokyu Land Corporation, Kushu Electric Power, Seika Corporation, JOIN (Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development) and exiting investor Venture Lab Investment.

Global Construction Drone Market Report Scope:
Historical DataCompanies Mentioned

3D Robotics Inc.
AeroVironment, Inc.
DJI
FLIR Systems Inc.
Insitu, Inc.
Leptron Unmanned Aircraft Systems, Inc.
Parrot Drones
PrecisionHawk
Trimble Inc.
Yuneec International Co. Ltd

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