PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587874
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587874
Global construction drone market is estimated to be valued at US$ 16.7 Mn in 2024 and is expected to reach US$ 42.8 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 16.7 Mn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 14.40% | 2031 Value Projection: | US$ 42.8 Mn |
Construction drones, also known as construction robots, are unmanned aerial vehicles equipped with cameras that are used for construction planning, monitoring, surveillance, and inspection purposes. These help survey and map sites, inspect progress, collect data, and detect problems. Construction drones improve work efficiency by automating repetitive and hazardous tasks. These capture visual data and transmit it in real-time for remote monitoring. This enhances safety, accuracy and reduces project delays in the construction industry.
Global construction drone market growth is driven by rapid infrastructure development worldwide and rising need for accurate documentation and progress tracking of large construction projects. Construction drones help reduce project timelines and costs significantly by improving productivity, quality control and safety. However, data security and privacy concerns related to the images and videos captured by drones can hamper the market growth. Increasing adoption of advanced technologies like AI, IoT and cloud computing in the construction sector can offer growth opportunities. Technologies like automated drone fleets, cloud-based data analytics and UHD imaging capabilities can boost application of drones across the construction lifecycle.
Key Features of the Study
This report provides in-depth analysis of the global construction drone market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global construction drone market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Hanwha Defence, Raytheon Company, Aselsan AS, Israel Aerospace Industries Ltd, The Boeing Company, Rheinmetall AG, Northrop Grumman Corporation, Thales Group, Kongsberg Gruppen, Lockheed Martin Corporation, Leonardo SpA, and SAAB AB
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global construction drone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global construction drone market