CONSTRUCTION DRONE MARKET ANALYSIS

Market Challenges And Opportunities

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.

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