PUBLISHER: The Business Research Company | PRODUCT CODE: 1392628
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392628
“Drone Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on drone software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for drone software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The drone software market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Drone software refers to cloud-based software that enables unmanned aerial vehicles to complete tasks, make judgments and carry out activities without the need for human interaction. These help to provide data relating to quantifying vegetation, and greenness and is useful in understanding vegetation density and assessing changes in plant health. The drone software is used as drone deploy to make digital terrain models, gather NDVI data (Normalized Difference Vegetation Index), and generate 3D models.
The main types of deployment methods in drone software are onboard drones, and ground-based. The onboard drones are used for search and rescue, traffic monitoring, and weather monitoring. Onboard drones refer to a class of aircraft that is controlled remotely or independently by software-controlled flight plans within the embedded systems. The different types of architecture include open source, and closed source and involve several solutions such as system and application. The several types of platforms include defense and government, commercial, and consumer that are used in control and data capture, image processing, and analytics.
The drone software market research report is one of a series of new reports from The Business Research Company that provides drone software market statistics, including drone software industry global market size, regional shares, competitors with a drone software market share, detailed drone software market segments, market trends and opportunities, and any further data you may need to thrive in the drone software industry. This drone software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The drone software market size has grown exponentially in recent years. It will grow from $10. 71 billion in 2023 to $13. 29 billion in 2024 at a compound annual growth rate (CAGR) of 24. 1%. The growth in the historic period can be attributed to rise of consumer and commercial drone use, demand for automated flight control systems, growth in aerial photography and videography, expansion of drone applications in agriculture.
The drone software market size is expected to see exponential growth in the next few years. It will grow to $32. 94 billion in 2028 at a compound annual growth rate (CAGR) of 25. 5%. The growth in the forecast period can be attributed to integration of artificial intelligence in drone software, adoption of advanced navigation and collision avoidance systems, growth in drone delivery and logistics, increased use of drones in public safety and surveillance, emphasis on autonomous and swarm drone technologies. Major trends in the forecast period include development of drone traffic management systems, integration of augmented reality (AR) in drone applications, use of blockchain for secure drone operations, focus on edge computing for real-time drone data processing, shift towards cloud-based drone software solutions.
The increasing adoption of drones for commercial and defense applications is expected to propel the growth of the drone software market going forward. Drones refer to unmanned aircraft used in various commercial and defense sectors such as disaster management, traffic monitoring, border security, surveillance, precision agriculture, and detecting threats in risk-prone areas. The drone software offers advantages such as taking high-quality aerial photographs and video to create a 3D mapping of disaster areas, providing security and surveillance, and easy navigation for defense missions. For instance, according to the Federal Aviation Administration, a US-based transportation agency, in May 2022, 865,505 drones were registered in the US of which 314,689 drones were registered for commercial purposes. Therefore, the increasing adoption of drones for commercial and defense applications is driving the drone software market growth.
An increase in real-time monitoring and surveillance is expected to propel the growth of the drone software market going forward. Real-time monitoring and surveillance refer to data regarding events, processes, or systems that is updated continually and delivered in real-time, prompting the identification of irregularities, malfunctions, and significant occurrences. Major companies in the construction, oil and gas, power generation, and engineering industries are incorporating small businesses for their numerous commercial projects, such as in-depth project inspections, cable and oil pipeline inspections, and maintenance, among other activities. For example, in June 2021, Axon, a US-based connected public safety technology company, announced a strategic partnership with DroneSense, a US-based software company for drones in public safety, to offer public safety agencies an end-to-end drone software solution that includes piloting, administration, evidence management, and live streaming. Through Axon's unmanned aircraft program, DroneSense's piloting, program management, and operations solutions will be implemented. Therefore, the increase in real-time monitoring and surveillance is driving the growth of the drone software market.
Technological Advancement is the key trend gaining popularity in the drone software market. Major market players are concentrating their efforts on implementing advanced drone software that helps in automating drone flying and picture data transfer and gives survey-grade results. For instance, in March 2022, Asteria Aerospace Ltd., an India-based drone manufacturer and solution provider company, launched a drone operations platform SkyDeck, a cloud-based software platform to deliver a Drone-as-a-Service (DaaS) solution for various purposes. It includes an AI-based analysis of captured aerial data, data processing, and visualization, and drone fleet management.
Major companies operating in the drone software market are focusing on strategic collaboration and partnerships to provide next-generation Unmanned Aircraft Systems (UAS) solutions to strengthen their position. A remotely piloted aircraft, or one that is running or intended to operate autonomously, is referred to as an unmanned aircraft (UA). For instance, in September 2023, Cytta Corporation, a US-based proprietary video streaming products and services company, announced a strategic partnership with Windhover Labs, a US-based software company focused on the drone design and build ecosystem. Through this partnership, Windhover Labs' innovative drones, hardware, and software systems will be combined with Cytta Corp. 's ground-breaking CyttaAir multisource data streaming capabilities to provide next-generation Unmanned Aircraft Systems (UAS) solutions.
In December 2021, DroneUp, a US-based company offering drone flight services innovation and operations services acquired AirMap for an undisclosed amount. Through this acquisition, DroneUp will receive AirMap's expertise in the Unmanned Aircraft System Traffic Management (UTM) data & services and aims to use it to offer drone delivery services to its customers. AirMap is a US-based company that provides airspace management software system for drones.
Major companies operating in the in the drone software market report are Airware Inc., 3D Robotics and Automation, DreamHammer Corporation., Drone Volt, Dronedeploy Inc., Altitude Angel, Pix4D SA., Precisionhawk Inc., AgEagle Aerial Systems Inc., Skyward Io., Propeller Aerobotics Pty Ltd., Aloft Technologies Inc., Cyberhawk, AirMap Inc., Auterion Ltd., Avision Inc., DroneSense Inc., FlytBase Inc., Hivemapper, Kittyhawk, Matternet Inc., Percepto Ltd., Picterra, Redbird Aviation Pvt Ltd., Robotic Skies Inc., Skycatch Inc., Skydio Inc., ICR Integrity Ltd., Sky-Watch A/S, SlantRange Inc., Swoop Aero Pty Ltd., Unifly nv, Wingtra AG
North America was the largest region in the drone software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drone software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the drone software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The drone software market consists of revenues earned by entities by providing 2D and 3D maps models, flight planning, agricultural monitoring, data analysis, real-time photogrammetry, mapping mission-based solutions, indoor positioning systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.