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The construction drone market size has experienced rapid growth in recent years. It is projected to elevate from $6.01 billion in 2023 to $6.99 billion in 2024, exhibiting a compound annual growth rate (CAGR) of 16.4%. The surge in the historic period is attributed to evolving regulations and guidelines, rapid urbanization, increased disaster occurrences, infrastructure development, and labor shortages. The projected trajectory indicates that by 2028, the market will surge to $12.27 billion, with a compound annual growth rate (CAGR) of 15.1%. The anticipated growth is fueled by the adoption of 5G technology, the rise of DaaS models, smart city initiatives, adaptation to remote work, and the growing emphasis on sustainability.

Rapid urbanization is expected to propel the growth of the construction drone market going forward. Urbanization refers to the process of increasing population in cities due to migration and the settlement of more people there than in rural areas. Increasing urbanization increases the need for residential and infrastructural construction, which increases the demand for construction drones as they are helpful in surveying and monitoring construction work. For instance, in 2022, according to the World Bank, a US-based financial institution, over 50% of the world’s population are living in urban areas. The number is expected to increase by 1.5 times, to 6 billion, by 2045. Therefore, rapid urbanization is driving the growth of the construction drone market. The market size for construction drones is anticipated to reflect the impact of rapid urbanization, with significant growth projected in 2023, 2024, and beyond.

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What Are The Key Trends That Influence Construction Drone Market Share Analysis?

Technological advancements are driving growth in the construction drone market. Companies are developing innovative solutions to enhance their market presence. For instance, in December 2021, Komatsu, a Japan-based equipment manufacturer, introduced the Smart Construction Drone. This tool integrates drones into job site technologies, allowing contractors to track production and billing with precision. It provides detailed topographic surveys and can capture images from up to 400 feet above ground level.

Which Market Players Are Driving Growth In The Construction Drone Market?

Major companies operating in the construction drone market report are Rheinmetall Canada Inc., Autodesk Inc., FLIR Systems Inc., Topcon Positioning Systems Inc., Altus Intelligence Inc., Parrot SA, Skyward Company, AeroVironment Inc., Quantix by AeroVironment Inc., Insitu Inc., Yuneec International Co. Ltd., Freefly Systems Inc., Microdrones GmbH, YellowScan Inc., Percepto Ltd., Airware Inc., Cyberhawk Innovations Ltd., Kespry Inc., Aerialtronics LLC., Skycatch Inc., Draganfly Inc., Delair Tech SAAS, Datumate Ltd., 3D Robotics Inc., Airobotics Ltd., DJI Enterprise Co. Ltd., senseFly Ltd., Flyability SA, Vigilant Aerospace Inc., Martek Aviation BA, PrecisionHawk Inc.

How Is The Global Construction Drone Market Segmented?

The construction drone market covered in this report is segmented –

1) By Type: Fixed Wing Drones, Rotary Wing Drone
2) By Component: Solution, Services
3) By Application: Surveying, Inspection, Security And Surveillance, Disaster Recovery, Filming And Photography, Other Applications
4) By End User: Residential, Commercial, Industrial

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The Construction Drone Global Market Report 2024 provides an overview of the construction dronemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The construction drone market forecast analyzes construction drone market size, construction drone market share, leading competitor and their market positions.

The Table Of Content For The Construction Drone Market Include

1. Construction Drone Market Executive Summary
2. Construction Drone Market Segments
3. Construction Drone Market Size And Template Market Growth Rate
4.  Key Construction Drone Market Trends
5. Major Construction Drone Market Drivers
……
25. Key Mergers And Acquisitions In The Construction Drone Market
26. Top Construction Drone Companies
27. Construction Drone Market Opportunities And Strategies
28. Construction Drone Market, Conclusions And Recommendations
29. Appendix

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