The global market for construction drone services is expected to reach a market size of US$3.3 billion by 2023, rising at a compound annual growth rate (CAGR) of 23.4% over the forecast period of 2023-2033. By 2033, the market is expected to reach a size of US$ 9376.0 million.
The primary drivers of this market growth include the growing demand for cost-effective construction solutions, increasing demand for data-driven solutions to improve project efficiency, and the availability of advanced technologies such as artificial intelligence (AI) and machine learning (ML). Additionally, the increasing use of drones for surveying, mapping, and inspection of construction sites is also boosting the market growth.
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- Increased Investment: Government initiatives, private sector investments, and venture capital firms are investing significantly in the development of technology and services related to construction drones.
- Growing Focus on Safety: The use of construction drones is seen as a safe and efficient way to monitor construction sites and ensure safety.
- Increased Use in Infrastructure Projects: Construction drone services are being used for surveying and mapping infrastructure projects, such as roads, bridges, and railways.
- Growing Adoption of Autonomous Drones: Autonomous drones are becoming increasingly popular for construction site monitoring due to their increased accuracy and efficiency.
- Increased Demand for Real-Time Data: Construction drone services are being used to provide real-time data, such as 3D models and thermal imaging, to better understand the construction process.
Key Market Imperative
The global construction services market is one of the fastest-growing segments of the overall drone services market. The industry is flooded with the presence of multiple small and large organizations. The market players associated with the construction drone services are getting heavily funded by private investors. The industry is yet to take a shape of organized industry, however, there are a few notable market leaders on a local and regional basis.
- In June 2021, Volatus Aerospace Corp. a leading provider of integrated drone solutions completed the acquisition of ConnexiCore LLC, a drone services provider. The acquisition will help Volatus Aerospace to expand its business into the US.
- In October 2022, American Infrastructure Group, Inc. a data technology and field service company entered into an agreement to acquire 1UP Aerial Drone Services, Inc. a commercial drone service provider from Chuck Adams and Kimberly Smith-Adams.
Fact.MR has provided detailed information about the providers of construction drone services positioned across regions, revenue growth, and service offering expansion, in the recently published report.
- Aerial drone solution
- AERIUM Analytics
- Aerolion Technologies
- DDC Smart Inspection
- DJM Aerial Solutions
- Drone Base
- Drone Evolution
- Drontek Aerial Solution
- By Service:
- Mapping & Surveying
- Photography & Filming
- By End-User:
- By Region:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
The report covers following Construction drone services insights and assessment that are helpful for all participants involved in the Construction drone services:
- Data on recently introduced regulations and their impact on key industries and on demand in Construction drone services
- Latest industry Construction drone services with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Construction drone services and changing consumer preferences in major industries.
- Changing Construction drone services demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Construction drone services major players
- Construction drone services sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Construction drone services demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
More Valuable Insights on Construction drone services
Fact.MR, in its new report, offers an unbiased Market Analysis of Construction drone services, Sales and Construction drone services and analyzing forecast statistics through 2033 and beyond. The study reveals growth projections on the of various criteria.
Check out more related studies published by Fact.MR Research: https://www.globenewswire.com/en/news-release/2023/03/30/2637720/0/en/Gear-Measuring-Machines-Demand-Rising-at-a-3-1-CAGR-to-Cross-499-7-Million-by-2032-Automotive-Sector-Holds-25-Share-States-Fact-MR.html
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