Global Drone Software Market

Global Drone Software Market Size, Share, Growth Analysis, By Architecture(Open Source, Closed Source), By Offering(App-based software, Desktop-based software), By Application(Analytics, Image Processing), By Platform(Defence & Government, Commercial) - Industry Forecast 2024-2031


Report ID: SQSG45E2010 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 115 | Figures: 77

Global Drone Software Market Regional Insights

The North American region is projected to account for the largest share of drone software during the forecast period.

The North American drone software market is anticipated to expand significantly and at the highest CAGR over the course of the forecast period. The rising use of drones for commercial and defence purposes is responsible for the rise of the drone software market in North America. Since it is impossible to operate a fleet of drones, carry out automatic BVLOS flights, or keep the necessary flight data log for compliance purposes without the proper software, drone software suppliers have recently concentrated on developing software that is efficient and affordable. Drones are employed in Canada to conduct atmospheric research, including weather and atmospheric gas sampling; emergency and disaster monitoring, cartography and mapping; agricultural spraying; promotion and advertising; emergency and disaster monitoring. In addition to surveying and inspecting distant power lines and pipelines, they are used for oceanographic research, geophysical research, mineral exploration, imaging spectrometry, telecommunication relay platforms, and search and rescue operations. They are also used for weather reconnaissance, flight research, and oceanographic research.

The need for drone software is being driven by the growing usage of drones for a variety of purposes across a range of industries, including delivery, agricultural, and others, as well as by key industry participants who are placing more of an emphasis on development and acquisition. These drones are utilised for delivery and inspection tasks because China is one of the major eCommerce hubs in the world, and there are a lot of deliveries made there, which is driving up demand for drones and drone software. For instance, the Chinese company SZ DJI Technology Co., Ltd. is developing and releasing new drones for a variety of uses. Most recently, it released the DJI Mini 3 Pro, and these developments and research for new, more powerful drones are helping the region's drone software market flourish.

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FAQs

Global Drone Software Market size was valued at USD 5.96 billion in 2019 and is poised to grow from USD 6.82 billion in 2023 to USD 23.08 billion by 2031, growing at a CAGR of 14.5% in the forecast period (2024-2031).

The presence of major players like 3D Robotics, DreamHammer Corporation, ESRI, Unmanned Innovation, Inc., Dronevolt, DroneDeploy, PrecisionHawk, Pix4D SA, makes the market for drone software extremely competitive worldwide. To continue to dominate the market, they employ business tactics like product launches, mergers, partnerships, collaborations, and partnerships. For instance, Sky-Drones Technologies, Ltd. introduced a new Sky-drone Cloud Platform in January 2020. An integrated drone fleet's management, real-time control, mission planning, performance monitoring, and flight analysis are all done using the platform. DroneShield, Ltd. introduced new software dubbed DroneOptID, a camera-based drone monitoring system. DJI updated its drone mapping programme, DJI Maps. A new version of DJI Terra, a drone mapping programme that quickly creates three-dimensional maps from data, was made available. PrecisionHawk and ESRI joined in March 2022, and as a result, sophisticated mapping and spatial analytics software has been created with the integration of PrecisionHawk's market-leading AI into ESRI's ArcGIS. 'DJI', 'Pix4D SA', 'DroneDeploy', '3D Robotics', 'PrecisionHawk', 'Agribotix LLC', 'Airware', 'senseFly', 'Kespry', 'Trimble Navigation Ltd.', 'Skyward IO', 'Ascending Technologies GmbH', 'Autel Robotics', 'CybAero AB', 'Delair-Tech SAS', 'Drone Volt', 'Flyability', 'HUVRdata', 'Intel Corporation', 'XAG'

The increasing incorporation of artificial intelligence (AI) in drone software is expected to drive the market during the forecast period

By 2050, the UN predicts that there will be a tremendous increase in the global population to 9.7 billion people, leading to a 69% increase in agricultural consumption. The potential for drone growth in agriculture is significant, especially given that the majority of farmers and agricultural businesses deploying drones are big-ag-owned farms that oversee thousands of acres of land. Crop and livestock monitoring, irrigation control, and fertilization are some of the common uses for drones in agriculture. According to DroneFly, drones can apply fertilizer 40 to 60 times faster than humans can.

The North American region is projected to account for the largest share of drone software during the forecast period.

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Global Drone Software Market

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