CONEXPO: Drone demand in construction industry continues to soar
Drones are flying over construction jobsites. The value and usage is beginning to be discovered among many contractors.
In fact, a recent report by Research and Markets states that global demand for drones in real estate and construction industry will reach a cumulative market value of $20.5 billion and a total shipment of more than 6.3 million units for a period between 2017-2025, including sales of UAV (unmanned aerial vehicle) hardware, software and service spending.
This represents a continued growth with two-digit CAGR (compound annual growth rate) in terms of sales revenue, as well as annual shipment of drones for overall real estate and construction industry.
The growth is based on comprehensive research of the real estate and construction drones market by analyzing the entire global market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from information sources with inputs derived from industry professionals across the value chain.
Drones on the jobsite will continue to provide much-needed assistance and data for contractors and project managers.