Global Drone Software Market

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


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

Drone Software Market Insights

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).

Drone software has a wide range of application in the commercial and civil sectors, unmanned aerial vehicles (UAVs) have become a well-known technology in recent years. During the projected period, the demand for UAVs is anticipated to be driven by the rising preference for commercial uses. Drones are frequently viewed as a sophisticated tool for taking high-definition aerial photos and videos for a variety of uses. Drone software, which is commonly used for analysis, image processing, and surveying applications, is one such product that is experiencing an exponential increase in demand as a result of this. In sectors like media, entertainment, infrastructure, security, and the military, unmanned aerial vehicles are commercially used for their superb photo and video-taking capabilities. A wider advancement in technology is bringing on board well-equipped sensors as well as data and analytics.

Due to its complexity, the software for UAVs is merging with machine learning and other technologies to fill a void for image processing. For instance, U.S.-based Drone Deploy offered a single platform for all drone operations in July 2019. The new platform will provide workflow integration, low-altitude inspection mode, automated drone fleet management, and advanced analytics. In the upcoming years, the market’s growth is anticipated to be boosted by the leading players operating globally developing new drone software platforms for advanced analytics. The energy and electricity, agricultural, logistics, and transportation industries have also benefited greatly from several partnerships.

US Drone Software Market is poised to grow at a sustainable CAGR for the next forcast year.

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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.

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Global Drone Software Market

Report ID: SQSG45E2010

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