The real estate drone services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Real Estate Drone Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The real estate drone services market size has grown rapidly in recent years. It will grow from $0.42 billion in 2023 to $0.49 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to increased demand for aerial imagery and mapping services, cost efficiency and time-saving benefits, enhanced property marketing and visualization, improved safety and risk mitigation, regulatory support and compliance, growing adoption by real estate agencies and developers, rising awareness and education among industry professionals.
The real estate drone services market size is expected to see rapid growth in the next few years. It will grow to $0.96 billion in 2028 at a compound annual growth rate (CAGR) of 18.0%. The growth in the forecast period can be attributed to expansion into new applications such as property inspection and monitoring, demand for 3d modeling and digital twins in real estate, market penetration in emerging economies, strategic partnerships with real estate firms and construction companies, regulatory evolution to accommodate drone operations, increased focus on sustainability and environmental impact assessment in real estate projects. Major trends in the forecast period include increasing demand for aerial photography, expansion of services for property inspection, integration of 3D mapping capabilities, adoption of thermal imaging, growth in demand for site analysis, adoption of drone technology for appraisal.
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Scope Of Real Estate Drone Services Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Real Estate Drone Services Market Overview
Market Drivers –
The rise in the construction industry is expected to propel the real estate drone services market going forward. The construction industry refers to the sector of the economy that involves buying, selling, leasing, or managing land, buildings, and other structures. It encompasses a wide range of activities, including residential, commercial, and industrial real estate transactions. The surge in the construction sector can be attributed to rising housing demands, favorable mortgage rates, and a strong economy fueling demand for property investments. Drones can be utilized for remote monitoring, security, and maintenance during the construction process. They aid in cost-cutting, increasing efficiency, and streamlining processes. For instance, in January 2024, according to the U.S. Census Bureau, a US-based principal agency of the federal government, approximately 668,000 new homes were sold in 2023, indicating a 4.2% rise compared to the previous year’s total of 641,000 units. Furthermore, in April 2023, according to reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential construction in the US increased by over 8% between 2020 and 2021. Therefore, the rise in the construction industry is driving the growth of the real estate drone services market.
Market Trends –
Major companies operating in the real estate drone services market are focused on developing technologically advanced solutions, such as 3D virtual tours, to enhance data collection capabilities and provide more comprehensive insights. It utilizes three-dimensional visualizations and virtual reality to offer immersive and realistic property experiences, enhancing property showcasing and decision-making for buyers and investors. For instance, in February 2024, Rolington Media LLC, a US-based company specializing in creating immersive 3D virtual tours for colleges, universities, and businesses, introduced cutting-edge 3D virtual tours, professional real estate photography, and advanced drone services, revolutionizing property presentations for real estate professionals. Specializing in immersive showcasing, they offer tailored solutions, including 3D rendering and 2D floor plans, catering to agents, investors, and property managers. Enhanced drone services and superior photography create engaging experiences, attracting buyers and driving sales in a competitive market. Rolington Media utilizes cutting-edge 3D real estate technology to convert standard property listings into immersive, self-guided virtual model homes. Through detailed 3D modeling and walkthroughs, potential buyers can explore properties comprehensively from the convenience of their own homes.
The real estate drone services market covered in this report is segmented –
1) By Service: Mapping And Surveying, Inspection, Photography And Filming
2) By Platform: Operator Software, Cloud-Based
3) By Customer Type: Commercial, Residential
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Regional Insights –
North America was the largest region in the real estate drone services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the real estate drone services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the real estate drone services market are Multivista Systems LLC, Terra Drone Corporation, Aerodyne Group, Dronedeploy Inc., Cyberhawk Innovations Limited, Precision Hawk Inc., Drone Dispatch Inc., Firmatek LLC, Sky-Futures Ltd., EagleHawk LLC, Edall Systems LLC, FLIGHTS Inc., Construction Drone Services Ltd., RUAS Corp., Identified Technologies Inc., Airware Inc., Aerial Drone Services Inc., Aerial Vision Ltd., AERIUM Analytics, Aerolion Technologies, Drone Base Inc., Martek Aviation Corp., Drone Services Canada Inc., Dronegenuity LLC, DJM Aerial Solutions, Aerotas LLC
Table of Contents
1. Executive Summary
2. Real Estate Drone Services Market Report Structure
3. Real Estate Drone Services Market Trends And Strategies
4. Real Estate Drone Services Market – Macro Economic Scenario
5. Real Estate Drone Services Market Size And Growth
…..
27. Real Estate Drone Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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