Drone Construction Monitoring Market

Drone Construction Monitoring Market Outlook (2023-2033)

The global drone construction monitoring market is expected to reach valuation of US$ 318.2 million in 2023 and further progress at a CAGR of 13.6% to reach US$ 1,149.0 million by the end of 2033.

In 2023, the global drone services market is estimated to be valued around US$ 6.6 billion. While the drone inspection service market will be valued at US$ 2.0 billion. In terms of value the adoption of drone construction monitoring will account for nearly 16% share of the global drone inspection service market at the end of 2023.

Report Attributes	Details
Drone construction monitoring Market Size (2022A)	US$ 275.0 million
Estimated Market Value (2023E)	US$ 318.2 million
Forecasted Market Value (2033F)	US$ 1,149.0 million
Global Market Growth Rate (2023-2033)	13.6% CAGR
North America Market Share (2022)	~30.1%
North America Market Value (US$ Mn), 2023	US$ 95.8 million
Europe Market Share (%), 2023	~25.3%
Europe Market Value (US$ Mn), 2023	US$ 80.4 million
China Market Share (%), 2023	~ 12.3%
China Market Value (US$ Mn)	US $ 39.1 million
Market Share of Top 3 Countries	~41%
Key Companies Profiled	3d Robotics Inc. Aerialtronics AeroVironment Inc. Delair DJI Dronedeploy Inc. Kespry Inc. Parrot Drone SAS Precisionhawk Inc. Skydio Inc. SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited) Teledyne Flir LLC (Teledyne Technologies) Trimble Inc. Yuneec International Co. Ltd.

Adoption Analysis of Drone Construction Monitoring (2018-2022) Vs. Market Outlook (2023-2033)

The growth of the global drone construction monitoring market is expected to be driven by factors such as increasing demand for safe and accurate inspection and surveillance equipment as well as rising advancements in drone technology. Additionally, increasing use of drones as a remote visual inspection system for critical infrastructure applications is also fueling the growth of the overall market.

Construction drones are increasingly being used for activities such as surveying, geographic mapping, and infrastructure inspections due to several benefits, including: real-time data collection, precise image capture, and access to hazardous areas. In addition, the remote control and battery allow remote or on-site operation. Based on above factors, drone construction monitoring revenue is projected to reach US$ 318.2 million by 2023, pacing at a CAGR of 13.6% till 2033.

• Short Term (2023 Q1 to 2026): Increasing rapid urbanization will positively impact drone construction monitoring market growth.
• Medium Term (2026- 2029): North America and Europe are anticipated to witness comparatively high drone construction monitoring demand due to increasing residential and non-residential activities.
• Long Term (2029- 2033): Adopting latest advanced technology can open new opportunities like 3D models for drone construction monitoring market.

From 2018 to 2022, the global market for drone construction monitoring registered a CAGR of 8.2%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 13.6% CAGR between 2023 and 2033.

Market share analysis of drone construction monitoring based on end use industry and region is provided in the above image. Under the end use segment, commercial sub-segment dominates with 54.2% market share in 2023.

What’s Driving High Demand for Drone Construction Monitoring Across World?

“Increasing Construction Projects to Elevate the Drone Construction Monitoring Market Growth”

Construction drone monitoring enables site surveillance, measuring road and structure dimensions, and improved communication through image and map interpretation. It is also used for infrared imagery, thermal censored imagery, night vision imagery, and capturing geological locations. Thus, the diverse advantages of drones on construction sites are fueling the market growth.

Drone monitoring system is useful in construction projects from the point of site survey to the completion of projects such as surveys, inspections and surveillance. The increasing demand for construction monitoring drones is due to the rapid development of the construction industry worldwide as these tasks can be completed efficiently and quickly by construction drones compared to humans. Therefore, the drone construction monitoring valuation is projected to increase to US$ 318.2 million by 2023.

“Increasing End-Use Applications to Enhance the Demand of Drone Construction Monitoring”

Construction drones are used for security and surveillance of materials, people and machines on construction sites to ensure workplace safety. Construction drones can be operated manually or automatically. Exponential population growth and rapid urbanization have increased residential and non-residential construction activity globally, increasing the need for land surveying and infrastructure inspection.

This can be done economically and efficiently with construction drones. For example, Austria-based construction company STRABAG used a DJI Phantom 4 RTK drone to survey roads and pipelines. Therefore, all these factors are expected to drive the growth of the global construction drone market during the forecast period. Thus, the market growth for global drone construction monitoring is expected to increase to a valuation of US$ 1,149.0 million by 2033.

What Do Drone Construction Monitoring Service Providers Need to Watch Out for?

Lack of Skilled Manpower Can Hamper the Market Growth”

Design, development, and operation of drone monitoring system require specialized skills; hence, lack of skilled manpower is expected to hinder the growth of construction drone monitoring market during the forecast period. In addition, drone construction is a complicated assembly of camera, battery, remote control, propeller, and GPS antenna.

These components are expensive, and the prices fluctuate frequently, thereby negatively impacting the profit margin of service providers. This is expected to hamper the growth of construction drone market during the forecast period. As a result, this may

Country-wise Insights

Why the U.S. is Expected to Drive Drone Construction Monitoring Demand?

In North America, the market for construction monitoring system is becoming increasingly alluring. The North American region will hold a sizable market share due to its strong presence throughout the forecast period. One of the key markets in North America is the U.S.

The government's role in promoting the use of technology for high-quality construction projects has fueled the market growth in the country. The high rate of software adoption in the region and the abundance of construction management firms are also credited with the growth.

Market players in the country are focused on incorporating advanced technologies such as machine learning (ML), Internet of Things (IoT), and computer vision into their solutions to secure their position in the market. Therefore, the U.S. drone construction monitoring market is expected to reach US$ 83.6 million by 2033.

Why is Chinese Drone Construction Monitoring Market Expected to Be Highly Lucrative?

China is expected to witness significantly robust revenue growth during the forecast period owing to an increase in drone construction monitoring system providers. China stands as one of the fastest growing economy, developing across all industry verticals including construction industry.

The need for monitoring and regulating these ongoing developments has been creating ample demand for the drone construction monitoring surpassing a valuation of US$ 39 million in 2023.

Category-wise Insights

Why is Infrastructure Inspection a Popular Segment in Drone Construction Monitoring Market?

One of the main drivers fueling the growth of the infrastructure inspection market is inspection due to the time efficiency the system offers. Systems for inspecting infrastructure can increase security and output.

The increased demand for extensive inspections along with the increasing application of UAV technology across numerous sectors spurs market expansion. The market is being driven further by the use of infrastructure inspection technology to improve efficiency and safety, reduce overall costs, and improve quicker reaction times.

The technology is seen as being of great value because it provides the infrastructure manager with crucial data needed to understand the status of the infrastructure. These tools help with efficient infrastructure management. Owing to the above facts, infrastructure inspection in application segment of the drone construction monitoring market is anticipated to generate a valuation of US$ 62.9 million in 2023.

Why There Is Big Opportunity for Military in End Use Drone Construction Monitoring Market?

The military is spending a significant amount of money bolstering its military capabilities and surveillance efforts due to the fact that the worldwide political landscape has grown extremely dangerous, with even the conflict between Ukraine and Russia playing a role. With a significant 18.2% market share, the military drone category helps drive the industry.

Due to the government's increasing defense spending, the segment is expected to grow at a valuation of US$ 58.0 million in 2023. While, commercial drones are expected to grow at a 54.2% market share over the next decade.

Competitive Landscape

Prominent drone construction monitoring service providers are 3d Robotics Inc., Aerialtronics, Delair, Dronedeploy Inc., Kespry Inc., Parrot Drone SAS, Precisionhawk Inc., Skydio Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited), Teledyne Flir LLC (Teledyne Technologies), Yuneec International Co. Ltd., Trimble Inc., AeroVironment Inc., DJI

Many companies focus on acquisitions, partnerships and collaborations that are examples of non-organic growth strategies observed in the market. These actions have helped market participants to expand their customer base and business. Incorporation of artificial intelligence and machine learning like advanced technologies can help make drones smart and more efficient with potential risk determination at construction sites saving thousands of lives. Such advance products have high success potential in the market in the upcoming future.

Some of the key developments are

• In June 2021, Kitty Hawk acquired 3D Robotics, aircraft maker Kitty Hawk builds electric aircraft, and is ultimately backed by the co-founders of Google.

Fact.MR has provided detailed information about the price points of key service providers of drone construction monitoring positioned across regions, adoption of services, monitoring system, and speculative technological expansion, in the recently published report.

Segmentation of Drone Construction Monitoring Industry Research

• By Drone Type :

  • Fixed Wing Drone
  • Rotary Wing Drone

• By End Use :

  • Industrial
  • Commercial
  • Military

• By Application :

  • Surveying Land
  • Infrastructure Inspection
  • Security & Surveillance
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa (MEA)