Drone Software Market 2019-2028
New Study Reports “Drone Software 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2028”.
Introduction / Market Overview:
A drone is an unmanned aerial vehicle (UAV) or unmanned aircraft system (UAS) that is remotely controlled with the help of drone software. Drones are used by the military for intelligence gathering, anti-aircraft target practice, and also for weapons platforms. They are also used for many civilian roles such as agricultural surveillance, mapping, tracking, search and rescue, traffic monitoring, firefighting, weather monitoring, engineering applications and photography. With the increasing application of drones in many areas, report analysts believe that the global drone software market will grow at a good pace over the forecast period.
The drone software is used for executing various program functions in drones. The software system includes an obstacle detection system, collision avoidance system, and more. Its use is also important to fuse the signals sent by attached sensors such as ultrasonic sensor, vision sensor, light detection and ranging, and infrared sensor. There is an increased demand for drones in remote areas and places that can be dangerous for humans. The demand is high in the commercial and defense sectors as well. These factors are driving the global drone software market.
According to report analysts, the drone software market is expected to witness remarkable growth in the coming years. From USD 390 million in 2018, the market will record a Common Annual Growth Rate (CAGR) of 38.9% and reach USD 5380 million by 2025. This report talks about the current market status, future growth prospects, key players, demand, opportunities, threats, and more to help the participants work on their future strategies.
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Important Key Players Analysis: Airware, Inc., 3D Robotics, Dreamhammer Inc., Drone Volt, Dronedeploy Inc., 7ESRI, Pix4D, Precisionhawk Inc., Sensefly Ltd., Skyward Io, Delta Drone, AeroVironment, VIATechnik and more.
The global drone software market is divided into types, applications, and sales channels. By type, the market is segmented into open source and closed source. Open source is likely to reach the market size of USD 1.3 billion in Japan by 2025. By applications, the market is segmented into construction, mining, agriculture, defense, and more. The defense segment dominates the worldwide market for the software. By sales channels, the market is divided into direct channels and distribution channels.
The five important regions considered for analyzing the global drone software market are North America (The United States, Canada and Mexico), Europe (Italy, France, UK, Spain, Germany, Russia and rest of the region), Asia-Pacific (India, Japan, Australia, South Korea, China, Indonesia, Singapore and rest of the region), Central and South America (Brazil, Columbia, Chile, Argentina and rest of the region), and the Middle-East and Africa (UAE, Nigeria, Turkey, Egypt, Saudi Arabia and South Africa).
North America leads the market with major demand from the military sector. Europe is the second-most important region for the software. Technological advancements and increasing use of drone capabilities such as thermal and hyperspectral sensors in flights are boosting the market. There is a high demand for drones for surveillance purposes and commercial applications as well. Asia-Pacific is the fastest-growing region due to innovations in technology and growing product application in the commercial and military sectors. China is expected to grow at the rate of 25.2% in the next few years.
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DJI, a leader in making civilian drones, announced two new drones and an initiative to support the early responders during natural disasters. The drones will help search and rescue people in distress and the company will offer repair services, technical support, and on-site manpower to help organizations utilize drone software technology more effectively and efficiently. This move will further secure its position as the top drone technology provider.
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