Drones are used in construction industry for surveying and inspection purposes. They are equipped with downward-facing sensors, such as red, green, blue (RGB), multispectral, thermal or Light Detection and Ranging (LIDAR). These drones are also getting used in many industries to save money, improve safety, and enhance the efficiency of their operations. These drones are also used to monitor long stretch of areas such as vegetation rows, roads, and railroads. Companies building and managing large infrastructure projects such as dams, water reservoirs, airports, industrial complexes, bridges are nowadays taking the help of drones to optimize their operations.
The global construction drone market is expected to witness significant growth during the forecast period (2021–2028). The increasing population growth and urbanization has also played an important role in the growing demand of commercial drones across the globe for residential and non-residential activities. For instance, the population of China had increased from 1.4 million in 2020 to 1.3 million in 2019. The increasing demand for commercial drones in applications such as land survey and infrastructure inspection is driving the market growth during the forecast period. For instance, in August 2018, STRABAG, an Austria-based construction company deployed DJI Phantom 4 RTK drone for the survey of roads and pipelines. Furthermore, the increasing adoption of commercial drones by real estate companies are fueling the market growth during the forecast period. Real estate companies are using construction drones for filming and taking photos of construction sites, resorts, and vacant lands for the purpose of creating aerial maps & 3D models as well as for marketing. For instance, in June 2017, RE/MAX, a U.S.-based real estate company announced a strategic partnership with DroneBase, a U.S.-based drone service provider company, in order to provide construction drones to real estate professionals working for RE/MAX LLC for aerial imagery of project sites. These factors are expected to drive growth of construction drone market during the forecast period.
Global Construction Drone Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown restrictions, which are now being eased slowly on phase-wise and industry-wise basis. This has significantly impacted the manufacturing sectors, as the facilities across the globe were temporarily shut down. However, the COVID-19 pandemic has caused an increase in demand for construction drones owing to the increasing demand for remote-site monitoring, which is further driving the market growth. Thus, due to a variety of operational and financial benefits, construction professionals all over the world are adopting constructions drones/UAVs in various construction projects to contain the spread of COVID-19 pandemic.
North America is expected to dominant position in the global construction drone market during the forecast period.
North America held dominant position in the global construction drone market in 2020, accounting for 37% share in terms of value, followed by Asia Pacific and Europe.
|Base Year:||2020||Market Size in 2020:||US$ 5,121.6 Mn|
|Historical Data for:||2017 to 2019||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||15.9%||2028 Value Projection:||US$ 14,123.3 Mn|
|Companies covered (8):||
3D Robotics, Inc., AeroVironment, Inc., DJI, FLIR Systems, Inc., Insitu, Inc., Leptron Unmanned Aircraft Systems, Inc., Parrot Drones, Precision Hawk Inc., Trimble Inc. Yuneec International Co. Ltd., DroneDeploy Inc., Yuneec International Co. Ltd., Boeing, Delair SAS, Autel Robotics, BirdsEyeView Aerobotics, EHang, Aerialtronics, Kespry Inc., and Skydio, Inc.
|Restraints & Challenges:||
Figure 1: Global Construction Drone Market Share (%), By Region, 2020
North America held a dominant position in the global construction drone market in 2020 and is expected to retain its dominance throughout the forecast period. This is attributed to the presence of major key players such as 3D Robotics, Inc., Dedrone, AeroVironment, Inc., DJI, FLIR Systems, Inc. Boeing, and others in the region. The increasing demand for drones for military and commercial applications in the U.S and Canada is also propelling the market growth.
Asia Pacific is also expected to exhibit significant growth during the forecast period owing to the recent changes in the drone regulations in several countries. China has become the global hub for manufacturing drones and provides subsidy schemes and other favorable domestic policies for drone purchases to promote the adoption of drones in various industrial sectors. For instance, according to Coherent Market Insights’ analysis, there were approximately 1,350 drone manufacturing companies in China in 2019 as compared to 140 drone manufacturing companies in the year 2013. The increasing demand for drones in mapping, surveying, and surveillance application in the defense industry is aiding in the market growth.
Security & Surveillance segment is expected to drive the market growth during the forecast period.
Among application, security & surveillance segment is expected to hold dominant position in the global construction drone market during the forecast period. The increasing demand of construction drones for security & surveillance applications in residential and commercial building projects is fuelling the market growth. For instance, in April 2020, China based DJI, a leader in aerial photography systems, launched Mavic Air 2, which has 8GB on-board memory storage and 3,500 mAh battery for aerial photography and video surveillance of residential construction sites.
Figure 2: Global Construction Drone Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028
The global construction drone market was valued at US$ 5,121.6 Mn in 2020 and is expected to reach US$ 14,123.3 Mn by 2028 at a CAGR of 15.9% between 2021 and 2028.
Major players operating in the global construction drone market include 3D Robotics, Inc., AeroVironment, Inc., DJI, FLIR Systems, Inc., Insitu, Inc., Leptron Unmanned Aircraft Systems, Inc., Parrot Drones, Precision Hawk Inc., Trimble Inc. Yuneec International Co. Ltd., DroneDeploy Inc., Yuneec International Co. Ltd., Boeing, Delair SAS, Autel Robotics, BirdsEyeView Aerobotics, EHang, Aerialtronics, Kespry Inc., and Skydio, Inc.
The growing adoption of construction drones in construction projects such as surveying, geographical mapping, and inspection of infrastructure is driving the market growth during the forecast period. These drones 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 batteries. Construction drones are used for security & surveillance of materials, people, and machinery at construction sites to ensure workplace safety and security of the workers. The operation of construction drones in the industries is controlled manually or by using automation system.
The growing adoption of advanced technologies such machine learning and artificial intelligence are expected to drive the market growth of construction drones as well. These construction drones are integrated with artificial intelligence (AI) technology in order to understand their surroundings better such as map areas, to track and monitor the movement of specific objects, as well as offer precise analytical feedback. Moreover, these drones offer real-time, data-driven decision-making ability to their users by ensuring rapid capturing, processing, and transferring of data. Furthermore, major players across different regions are focusing on developing products such as high quality drones with new features and latest technologies to gain a competitive edge in the market. Industries are developing solutions and services with new features to cater to the specific demand of end users. For instance, in February 2020, TraceAir, a U.S.-based technology company, announced collaboration with Independent Constructions, another U.S.-based company that provides construction services, launched new drone-powered Haul Router tool. The tool helps foremen to make data-driven decisions with regards to new or existing haul roads.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.