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, Control & Data Capture), By Platform(Defence & Government, Commercial, Consumer), By Region - Industry Forecast 2024-2031

Drone Software Market size was valued at USD 5.96 billion in 2022 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.