The global drone software market size was USD 1,165.3 million in 2019 and is projected to reach USD 5,961.6 million by 2027, exhibiting a CAGR of 25.05% during the forecast period. Drone software refers to the computer programs that are used to operate unmanned aerial vehicles (UAVs), commonly known as drones. Drone software includes both the software that runs on the drone itself, as well as the software that is used to control and manage the drone from a ground-based station.
Information Source:
https://www.fortunebusinessinsights.com/drone-software-market-103527
The software that runs on the drone typically includes flight control software, which allows the drone to be flown manually or autonomously, as well as sensor and camera software, which allows the drone to capture images and data from the air. The software that is used to control and manage the drone from a ground-based station includes mission planning software, which allows the user to plan and execute flight missions, as well as monitoring and analysis software, which allows the user to monitor the drone's performance and analyze the data that is collected.
Major Companies Covered in Drone Software Market are:
- Airware, Inc (U.S.)
- 3D Robotics (U.S.)
- Dreamhammer Inc. (U.S.)
- Drone Volt (France)
- DroneDeploy Inc. (U.S.)
- ESRI (U.S.)
- Pix4D(Switzerland)
- Precisionhawk Inc. (united states)
- Sensefly Ltd.(Switzerland)
- Skyward Ltd. (U.S.)
- DJI (China)
- Other Players
Drone software is constantly evolving, with new features and capabilities being added all the time. Some of the latest advancements in drone software include artificial intelligence and machine learning algorithms, which allow drones to make autonomous decisions and adapt to changing environments in real-time.
Overall, drone software plays a critical role in the operation and management of UAVs, enabling users to fly drones safely and effectively, and to capture and analyze data from the air for a wide range of applications.
DRIVING FACTORS
Increasing Adoption of Artificial Intelligence in Drones to Favor Growth
The unmanned aerial vehicles (UAVs) or drones have a built-in computerized technology such as GPS, programmable controllers, sensors and cameras, and other equipment that facilitate automated flights. In addition to this, the inclusion of advanced technologies such as artificial intelligence (AI) in drone software is aiding in accurate object tracking, obstacle detection, and prevention, among others. The increasing focus on developing smart cities that include advanced features such as well-connected homes, along with the adoption of AI-based security surveillance is driving the demand for drones. This is expected to further boost the global drone software market growth in the forthcoming years.
SEGMENTATION
Open Source Segment to Remain Dominant; Easy Availability of Open Source Software to Spur Demand
The open source segment, based on architecture, is expected to remain at the forefront and hold the highest market share owing to the easy availability and affordability of the open source drone software during the forecast period. Besides, the closed source segment held a market share of 16.4% in 2019 and is likely to gain momentum owing to the rising demand for customized and secured architecture in UAVs from military purposes.
REGIONAL INSIGHTS
Presence of Major Companies in North America to Promote Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global UAVs market in the forthcoming years. This dominance is attributed to the presence of multiple established commercial UAVs manufacturers in the region. Additionally, the region stood at USD 422.7 million in 2019. The market in Asia-Pacific is expected to showcase a significant growth during the forecast period. This is ascribable to factors such as the increasing adoption of drones that are driving the demand for this software across several industrial applications such as agriculture, construction, and infrastructure, among others between 2020 and 2027.
COMPETITIVE LANDSCAPE
Collaboration between Major Companies to Consolidate Their Market Positions
The global drone software market is dominated by major companies such as DroneDeploy and Airwave. These companies are collaborating with the other key players to strengthen their positions in the highly competitive global marketplace. The other major companies such as 3D Robotics and Dreamhammer, Inc. are set to adopt strategies such as the introduction of new products, merger and acquisition, and partnership to maintain their market presence during the forecast period.
