Rise in residential and nonresidential construction activities around the globe due exponential population growth and rapid urbanization has resulted in rise in need for land survey and infrastructure inspection. For instance, STRABAG, a construction company based in Austria, deployed DJI Phantom 4 RTK drone for survey of roads and pipelines. Thus, all these factors collectively are expected to drive the growth of the construction drone market during the forecast period.
In addition, real estate companies are using construction drones for filming and photography of construction sites, resorts, and vacant lands for the purpose of creating aerial maps & 3D models and marketing. This is expected to drive the growth of the construction drone market during the forecast period.
Many countries have made rules and regulations with respect to operations of drones for ensuring safety and privacy of people. For instance, the European Union Aviation Safety Agency (EASA) published the European regulations on drones to ensure their safe and secure operations in commercial and noncommercial applications. Thus, all these factors are anticipated to encourage the use of construction drones, thereby accelerating the growth of the market during the forecast period.
Design, development, and operation of construction drone require specialized skills; hence, lack of skilled manpower is expected to hider the growth of the construction drone market during the forecast period. In addition, construction drone is a complicated assembly of camera, battery, remote control, propeller, and GPS antenna. These components are expensive, and the prices fluctuate frequently, thereby negatively impacting the profit margin of manufacturers. This is expected to hamper the growth of the construction drone market during the forecast period.
Advanced technologies such as global navigation satellite systems (GNSS), global positioning system (GPS), geographical information system (GIS), Internet of Things (IoT), thermal imaging, and artificial intelligence (AI) are increasingly being integrated in drones. This is expected to boost the growth of the construction drone market during the forecast period.
Key players in the construction drone market are continuously making efforts to improve their product offerings to cater to dynamic requirements of the industry.
The construction drone market is segmented into type, application, end user, and region. Depending on type, the market is fragmented into fixed wing drone and rotary wing drone. On the basis of application, it is differentiated into surveying lands, infrastructure inspection, security & surveillance, and others. By end user, it is divided into residential, commercial, and industrial. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Competition Analysis
The major market participants profiled in this report include 3D Robotics, Inc., AeroVironment, Inc., DJI, FLIR Systems, Inc., Insitu, Inc., Leptron Unmanned Aircraft Systems, Inc., Parrot Drones, PrecisionHawk, Trimble Inc., and Yuneec International Co. Ltd. Acquisition, partnership, and product launch are the key strategies being adopted by the major players to remain competitive in the market.Key Benefits for Stakeholders
- The report provides an extensive analysis of the current and emerging construction drone market trends and dynamics.
- In-depth construction drone market analysis is conducted by constructing market estimations for the key market segments between 2023 and 2032.
- Extensive analysis of the construction drone market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global construction drone market forecast analysis from 2024 to 2032 is included in the report.
- The key players within the construction drone market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the construction drone industry.
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Key Market Segments
By Type
- Rotary-Wing Drones
- Fixed-Wing Drones
By Application
- Land Surveying
- Infrastructure Inspection
- Security and surveillance
- Others
By End-user
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 3D Robotics, Inc.
- DJI
- FLIR Systems, Inc.
- PARROT DRONES
- PRECISIONHAWK, INC
- Trimble, Inc.
- Wingtra AG
- YUNEEC INTERNATIONAL CO., LTD.
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Table of Contents
Companies Mentioned
- 3D Robotics, Inc.
- DJI
- FLIR Systems, Inc.
- PARROT DRONES
- PRECISIONHAWK, INC
- Trimble, Inc.
- Wingtra AG
- YUNEEC INTERNATIONAL CO., LTD.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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