The global drone construction monitoring market is estimated at $ 318.2 million in 2023 and is expected to expand at a healthy 13.6 per cent CAGR during the forecast years of 2023-2033. Growing interest in infrastructure development is one of the key factors driving the growth of the market.
Construction drones are used in monitoring the construction sector to inspect and maintain sidewalks, highways, bridges, buildings, monitor for damage and cracks, maintain facades, and map historic buildings. It is also widely used for 3D modelling for building reconstruction and photogrammetry applications such as volume measurement.
In addition, construction drones can help with various improvements such as improve reporting accuracy, improve security requirements, reduce costs, streamline workflows, and more. Apart from that, construction drones are remotely controlled so they can conduct surveys in high casualty risk zones. Therefore, it is projected that use of drone construction monitoring will create a positive outlook for the market in the coming years.
Key takeaways from the market study:
- The global drone construction monitoring market is projected to reach $ 1,149.0 million by 2033.
- The market witnessed 8.2 per cent CAGR between 2018 and 2022.
- Commercial drone construction monitoring in the end use segment dominates the market with 54.2 per cent market share in 2023.
- Under application, the surveying land sector dominates the market and is valued at $ 149.9 million in 2023.
- Based on region, demand for drone construction monitoring is expected to increase at a CAGR of 14.5 per cent in East Asia during the forecast period.