Construction Drone Market report offers an overall scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future prospects of the market. The report discusses the competitive data analysis of emerging and leading market players. Further, it offers comprehensive data analysis on risk factors, challenges, and possible new routes in the market.
global construction drone market size was valued at $4,800.0 million in 2019, and is projected to reach $11,968.6 million by 2027, registering a CAGR of 15.4% from 2020 to 2027. The report has been prepared using a solid research methodology to cover the market in detail. In order to publish a premium Construction Drone market report, the market report has been subjected to extensive primary and secondary research. The dedicated research team conducted interviews with delegated industry experts to gain a comprehensive overview of the market. This market research report covers product price drivers, revenue drivers, and growth. Additionally, it can potentially help new entrants and even existing industry players develop a strategic business strategy for their products.
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The main objective of this report is to provide updated information on the Construction Drone market and to identify all opportunities for market expansion. The report provides an in-depth study of industry size, inventory, demand & supply analysis, sales volume, and value analysis of various companies as well as segmentation analysis with respect to key regions. This information helps business planners to conduct, analyze, or study the market at a minuscule level. Besides studying the historical phase of the market, the report also analyzes the current status of the Construction Drone market for a reliable and accurate estimation of trends, consumption, sales, and profitability.
construction drone market has witnessed significant growth over the past decade, due to increase in adoption of construction drones in the construction and infrastructure sectors. In addition, rapid urbanization along with population growth in developing and developed countries has resulted in rise in residential and nonresidential construction, which is expected to augment the growth of construction drone market during the forecast period. A number of players are expanding their business through acquisition and partnership to strengthen their foothold in the global market. By application, the land surveying segment dominated the market in 2019, in terms of revenue. This is attributed to the fact that demand for construction drone is increasing, owing to rise in need for survey, mapping, and monitoring at less cost in construction industry. Depending on type, the rotary-wing drones segment is expected to grow at the highest CAGR during the forecast period
The Top Driving Players Operating in the Market Covered in this report:
3D Robotics, Inc., AeroVironment, Inc., DJI, FLIR Systems, Inc., Insitu, Inc., Leptron Unmanned Aircraft Systems, Inc., Parrot Drones, PrecisionHawk, Trimble Inc., and Yuneec International Co. Ltd. .
Construction Drone Market Competitive Analysis
The Competitive Analysis chapter of the report highlights key developments of the major players in the Construction Drone market. The report provides insights into the most recent mergers, acquisitions, partnerships, and other strategic alliances in the Construction Drone market. In addition, each company’s pricing, sales, advertising, and marketing strategies are included in the report.
Rise in demand for construction drones is attributed to development of the construction industry around the globe, which leads to rise in the need for surveying of vast land mass containing uneven ground and rocky obstacles. These tasks can be performed efficiently and quickly by construction drones as compared to humans. For instance, in September 2019, Survey of India (SoI) and National Mapping Agency (NMA) launched a program for large-scale mapping (LSM) in the country, which is expected to use professional grade construction drones. This is expected to drive the growth of construction drone market during the forecast period.
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