The global construction drones market will reach $15,756 million by 2030 at a CAGR of 15.57%: Straits Research.

The construction industry is experiencing rapid growth and the importance of technology is increasing at all levels. A construction drone is a tool categorized as an unmanned aerial vehicle (UAV). Due to their many benefits, including real-time data collection, accurate image capture, and access to hazardous areas, construction drones are increasingly being used for surveying, mapping, and inspecting infrastructure. They can also be operated remotely or on-site using a remote control and batteries. Construction sites use drones to provide and monitor materials, people and equipment to guarantee safety and health. Construction drone can be used in manual or autonomous mode. The use of drones in construction is predicted to grow drastically over the next decade. The construction drone market will grow significantly due to increase in construction operations in residential and non-residential sectors across the globe due to exponential population growth and rapid urbanization.

According to Straits Research

"The global construction drone market was valued at USD 4.951 billion in 2021. It is expected to grow to USD 15.756 billion by 2030 at a CAGR of 15.57% during the forecast period (2022-2030)."

Rapid growth in urbanization due to increasing population in developing and developed countries such as India, China, Mexico, Brazil, France, UK and the US is expected to drive growth in the construction and infrastructure sectors. According to the UN's 2018 Revision of the World Urbanization Outlook, 68% of the world's population will be living in urban areas by 2050. Internationally, the demand for construction drones is expected to increase owing to the rise in residential and non-residential construction. Moreover, investments in residential and commercial construction have a good connectivity with the construction drones market. Construction of homes and commercial complexes is increasing due to rising disposable income and demand for comfortable housing.

Most significant competitors in the construction drone market

are always looking to develop new technologies and capabilities to improve their products.

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Infrared imaging, artificial intelligence, geographic information systems, internet of things (IoT), and GPS are some of the advanced drone technologies. Such technological advancements are anticipated to create lucrative opportunities for the global construction drone market during the forecast period.

In the regional plan

The construction drone market in the Asia Pacific region is expected to have the highest growth, expanding at a CAGR of 18% during the forecast period. Increasing government spending on infrastructure and development is projected to fuel the growth of the construction drone market in this region. For instance, the National Smart Cities Program (NSCM), which was announced by the Indian government in 2015, aims to create 100 smart cities by 2023. Moreover, according to a report by New York-based Bloomberg, Japan has invested USD 367 billion in infrastructure projects in Southeast Asian countries in 2019, including Indonesia, Singapore, Thailand, and the Philippines. The expansion of the construction drone market in Asian countries is expected to drive the growth of construction activities in both residential and non-residential sectors. According to a report by the National Bureau of Statistics of China, from January to August 2019, China's infrastructure investment increased by 4.2% as compared to the same period in 2018. In addition, according to the National Bureau of Statistics of China, real estate investment in China grew by 9.9% in 2019 compared with 2018. Under these circumstances, the construction drone market is expected to drive the market during the forecast period. In North America, increased demand for construction drones can be attributed to increasing infrastructure projects and construction activities in residential and non-residential sectors. For instance, in September 2020, the U.S. Census Bureau at the

Highlights:

There are two types of construction drones in the global construction drone market: fixed wing construction drones and rotary wing construction drones.
By application, construction drones are used for land survey, infrastructure inspection, security and surveillance.
The main end users of construction drones are residential, commercial, and industrial properties.
Regionally, the market for construction drones in the Asia-Pacific region will develop most dynamically, capturing a large market segment.
It is expected that technological breakthroughs will create promising opportunities for the development of the global construction drone market.

Companies actively participating in the market: 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., Hexagon.