PUBLISHER: Allied Market Research | PRODUCT CODE: 1641774
PUBLISHER: Allied Market Research | PRODUCT CODE: 1641774
Construction drone is a tool, which comes under the category of unmanned aerial vehicle (UAVs). Construction drones are increasingly being adopted in construction activities such as surveying, geographical mapping, and inspection of infrastructure, as they offer multiple benefits such as real-time data acquisition, accurate image capturing, and accessibility to hazardous areas. Moreover, they can be operated remotely or at the site of construction through remote and battery. Construction drones are used for security & surveillance of materials, people, and machinery at construction sites to ensure workplace safety and security. Operation of construction drone can be done manually or by using automation.
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.
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