Overview and Scope
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.
Sizing and Forecast
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.
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Segmentation & Regional Insights
The drone software market covered in this report is segmented –
1) By Solution: System, Application
2) By Architecture: Open Source, Closed Source
3) By Deployment: Onboard Drones, Ground-Based
4) By Platform: Defense And Government, Commercial, Consumer
5) By Application: Control And Data Capture, Image Processing, Analytics
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating 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
The drone software market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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