0
New
New
2022
Drone Software Market

Drone Software Market

by Solution (System, Application), by Application (Defense and Government, Agriculture, Energy and Power, Construction and Mining, Media and Entertainment, Logistics and Transportation, Others), by Architecture (Open Source, Closed Source), by Deployment (Onboard drones, Ground based): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09617
Pages: 376
Jul 2022 | 4003 Views
Author(s) : Sneha K , Sonia M
Tables: 225
Charts: 74
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

The global drone software market was valued at $5.96 billion in 2021, and is projected to reach $21.93 billion by 2031, growing at a CAGR of 14.5% from 2022 to 2031.

The COVID-19 impact on the drone software market is unpredictable, and is expected to remain in force for a few years. Due to the revenue crunch and rise in maintenance costs were two of the major challenges adversely affecting the drone manufacturers. Furthermore, the reduced GDP of major economies such as the U.S., UK, China, France, India, Germany, and others in 2020 was anticipated a drop in investment in the aerospace and defense industry. The reduction in aerospace and defense spending has had a negative impact on autonomous aircraft development and deployment plans, particularly unmanned aerial vehicles (UAVs), reducing demand for drones. However, various use cases of drone have been developed and utilized by drone service providers during the COVID-19 pandemic, including lab sample pick-up and delivery and transportation of medical supplies to reduce transportation times and minimize infection exposure, aerial spraying of public areas to disinfect potentially contaminated areas, and public space monitoring and guaranty. Moreover, vaccination drive enabled lowering of barriers to economic activity, as well as domestic and international travel. As the restrictions lifted, travel recovered quickly, leading to increase in UAV related applications, which expected to boost the drone software market.

Drone Software Market, Drone Software Industry

The drone software market is segmented into Solution, Application, Architecture and Deployment.

Drone software includes collision avoidance, obstacle detection, and many other device algorithms. It is also used to fuse all signal transmissions through the connected sensors, such as a visual sensor, ultrasound, an infrared sensor (LiDAR), and others. Some drones also include a the firmware, which is used to fix physical bugs and controls. Drones have shown to be beneficial in more efficiently optimizing data in a variety of industries, including agriculture, building and infrastructure, and oil & gas, thus, generating demand for drone software solutions. Companies are investing substantially in drone deployment, service, and analytics solutions, recognizing the market's huge potential. Drone monitoring is usually carried out across construction, oil & gas, and agriculture industries. End users use drone software to process and analyze the data acquired from drone monitoring process as well as for the deployment of autonomous drones. Factors such as high demand for drone analytics in commercial applications, growing capital investments for the development of new and advanced drone software, and technological advancement in drones are anticipated to boost the growth of the global drone software market during the forecast timeframe. However, cybersecurity issues associated with drones and restrictions enforced by regulations are expected to hinder the growth of the global drone software industry during the forecast timeframe. Moreover, revamped government regulatory framework and incorporation of the Internet of Things (IoT) in drones and high adoption of autonomous drones are expected to create an opportunity for the drone software market in near future.

Drone Software Market
By Solution

Your browser does not support the canvas element.

System is projected as the most lucrative segment

Get more information on this report : Request Sample Pages

The drone software market is segmented on the basis of solution, end use, architecture, deployment, and region. By solution, it is divided into system and application. By end use, it is divided into defense & government, agriculture, energy & power, construction & mining, media & entertainment, logistics & transportation, and others. By architecture, it is segmented into open source, and closed source. By deployment, it is divided into onboard drones and ground-based. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in this drone software industry are AirMap Inc, Delair, DJI Technology, DroneBase, DroneDeploy, ESRI, Kespry Inc., MEASURE, Pix4D SA, PrecisionHawk, Inc., SENSEFLY, SHARPER SHAPE, SKYCATCH INC, Skydio, Sky-Future, Skyward IO (Verizon Company), Yuneec, and others.

High demand for drone analytics in commercial applications

Unmanned aerial vehicles (UAVs), or drones, are aircraft that can be controlled remotely by a pilot or by preprogrammed plans or automation systems that enable them to fly autonomously. A large number of industries and organizations are adopting this technology, including military, government, commercial, and recreational users. Over the years, drones have become an economically viable option for a broad range of commercial functions. Commercial drones are currently making a real impact in application that take advantage of their ability to quickly and cheaply gather localized visual information. Such areas are agriculture, construction, infrastructure, and inventory management. By using drone analytics, farmers can benefit from real-time information about large tracts of land. Drones can help track almost everything, including water use, crop health, heat signatures, and soil analysis. Several new start-ups and existing agriculture players are investing heavily in agriculture drones and the software needed to analyze the raw data. For example, John Deere partnered with Sentera, a global provider of software, sensors, and drone technologies to the agriculture industry, in early 2016 to provide its consumer’s access to their AgVault Software and agriculture scouting drones. Drones are allowing farmers to gather so much data about their fields that managing all this data has created an important business opportunity. Real-time aerial inspection allows for the ability to quickly survey construction sites or catch mistakes. The usage of drones in construction sites has resulted in significantly bringing down threatening accidents. 3D Robotics (3DR) uses Autodesk’s Forge Platform to provide a UAV-to-cloud solution. Their drones can capture site data that is fed into Autodesk software for analysis. All these instances prove the rise in demand for drone analytics for commercial applications, which is expected to propel the growth of the drone software market during the forecast period. 

Drone Software Market
By Application

Your browser does not support the canvas element.

Defense and Government is projected as the most lucrative segment

Get more information on this report : Request Sample Pages

Growing capital investments for development of new and advanced drone software

The usage of drones across various applications is increasing exponentially. As a result, leading players are investing significantly to develop cutting-edge software. For instance, in December 2019, Precision Hawk announced a $32 million investment in drone software and services. It plans to use this financing to develop the next generation of Precision Analytics, its AI-powered aerial data analytics platform. In February 2017, Microsoft Ventures, the venture capital (VC) arm of the Redmond, Washington–based software giant, led a $26 million venture round in AirMap, a drone startup that is the leading maker of software that manages air traffic for drones. Microsoft Ventures publicized that with the investment, AirMap can use Microsoft’s software and artificial intelligence tools. The investment also gives Microsoft an entrance into the drone aviation market, which is dominated by the likes of Amazon and Google. To grab a share in the rapidly growing drone software market, big investment companies are showing interest to acquire stakes in the leading companies. For instance, in November 2019, Drone Deploy raised $35 million for drone management and logistics tools. In August 2021, Trentar, an India-based company, entered into the market involving drone-based services and software. It acquired 75% stake in Garuda UAV, a leading drone service provider company in India in July 2021 to scale up new-age businesses based on drone services and software. Thus, rise in investments in the development of new and advanced drone software is expected to fuel the growth of the drone software market during the forecast period.

Cybersecurity issues associated with drones

The flexibility, cost-effectiveness, and high efficiency associated with drones have resulted in the proliferation of drone deployment in commercial and private applications. The rise in implementation of drones in multifaceted applications has also increased the cybersecurity threat for its users. The modern drones come equipped with GPS, USB ports, and other means of technologies that can act as a critical cybersecurity target for hijackers to easily hijack the drone. The hackers can also exploit the drones by accessing the unencrypted Wi-Fi and GPS technologies, which are used by the drones to communicate. The government administrations have issued a ban or restrictions on drone ownership owing to cybersecurity threats associated with drones. For instance, in April 2021, Legislator Huang Kuo-shu of the Democratic Progressive Party (DPP) of Taiwan issued a guideline warning against the procurement of drones for made-in-China aerial photography, robots, and coding platforms, and subsequent phasing out of the existing equipment. The announcement was made owing to the cybersecurity loophole on consumer electronics manufactured in China. The rise in instances of cybersecurity attacks have hindered the adoption of drones by government and private organizations. The cybersecurity issues related to drones limit the growth of the drone software market during the forecast period.

Drone Software Market
By Deployment

Your browser does not support the canvas element.

Ground based is projected as the most lucrative segment

Get more information on this report : Request Sample Pages

Revamped government regulatory framework

Drone operators need to pass certain aviation regulatory frameworks of the country they operate in. The increase in usage of drones internationally has led the regulatory bodies to incorporate drones in their framework for supporting drone service development owing to benefits offered by drones such as low energy consumption, less air, and noise pollution, and reduced road congestion. With the increase in demand for Beyond Visual Line of Sight (BVLOS) operations, the Global Navigation Satellite System (GNSS) technology is utilized for navigation by drone operators. The use of regional Global Navigation Satellite System (GNSS), such as GPS, GLONASS, Galileo, Beidou, and others are regulated by governments. The aviation administrations globally are developing new regulations for promoting the growth in the adoption of drones. For instance, in August 2019, the Kansas Department of Transportation was authorized by the Federal Aviation Administration (FAA) for conducting Beyond Visual Line of Sight operations (BVLOS) operations in the country.

The BVLOS operation was conducted using the onboard detect-and-avoid systems. Governments across the globe are developing and implementing a new regulatory system for encouraging drone usage. For instance, the Norwegian Civil Aviation Authority issued European Light UAS Operator Certificate (LUC) to Nordic Unmanned in April 2021. The certificate is expected to enable Nordic Unmanned in deploying its entire Unmanned Aerial System (UAS) fleet for beyond visual line of sight (BVLOS) flights throughout EASA member countries. The governing bodies have eased the regulations for drone operation, namely authorization, certification, and spatial limitations globally to facilitate the adoption of drones by various industries. The welcoming government regulatory framework presents an opportunity for the growth of the drone industry, which in turn is expected to fuel the drone software market in near future.

Drone Software Market
By Region

2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific would exhibit the highest CAGR of 16.0% during 2022-2031.

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the drone software market analysis from 2021 to 2031 to identify the prevailing drone software market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the drone software market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global drone software market trends, key players, market segments, application areas, and market growth strategies.

Drone Software Market Report Highlights

Aspects Details
Solution
  • System
  • Application
Application
  • Defense and Government
  • Agriculture
  • Energy and Power
  • Construction and Mining
  • Media and Entertainment
  • Logistics and Transportation
  • Others
Architecture
  • Open Source
  • Closed Source
Deployment
  • Onboard drones
  • Ground based
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, Russia, Netherlands, U.K., Poland, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Asean, Rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players AirMap Inc, Delair, DJI, DroneBase Inc, DroneDeploy Inc, ESRI, Kespry, MEASURE, Pix4D SA, PrecisionHawk, SENSEFLY LTD, SHARPER SHAPE, SKYCATCH INC, Skydio, Sky-Future Ltd, Skyward IO, Yuneec INC
 

Loading Table Of Content...


 
 

The drone software market is expected to witness significant growth, due to increased innovation, and reduced drone costs and the development of automation technologies. Drone services become more affordable as the use and integration of new technologies into numerous sectors and customers' daily lives grows. For instance, Kratos Unmanned Aerial Systems and the U.S. Air Force Research Laboratory launched the XQ-58A Valkyrie project in 2019 to minimize the cost of air fleets. A Valkyrie missile costs $3 million, while a Patriot missile costs $6 million. Drones have become affordable, these days, which increases the demand for drone software.

Factors such as high demand for drone analytics in commercial applications, growing capital investments for the development of new and advanced drone software, and technological advancement in drones are anticipated to boost the growth of the global drone software market during the forecast period. However, cybersecurity issues associated with drones and restrictions enforced by regulations are expected to hinder the growth of the global drone software market during the forecast period. Moreover, revamped government regulatory framework and incorporation of the Internet of Things (IoT) in drones and high adoption of autonomous drones are expected to create an opportunity for the drone software market in the near future.

To fulfil the changing demand scenarios, market participants are concentrating on partnership to meet new business opportunities. For instance, in November 2021, MEASURE entered into partnership with Wing to integrate OpenSky, Wing’s airspace access app, into Measure Ground Control, a software platform for automating drone operations workflows. Moreover, in November 2019, Sensefly entered into partnership with Trimble and Microsoft to demonstrate the capability and suitability of SenseFly’s fixed-wing drones and drone sensors for precision agriculture. In addition, market participants are continuously focusing on product launch to expand their product portfolio. For instance, in February 2021, MEASURE launched its next generation drone software platform, Ground Control 2.0., which adds powerful program management capabilities and new flight application features designed to provide ROI to corporate drone programs.

Furthermore, drone software market is segmented basis of solution, end use, architecture, deployment, and region. By solution, it is divided into system and application. By end use, it is divided into defense & government, agriculture, energy & power, construction & mining, media & entertainment, Logistics & Transportation, others. By architecture, it is segmented into open Source, and closed Source. By deployment, it is divided into onboard drones, and ground-based.  By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in this market are AirMap Inc, Delair, DJI Technology, DroneBase, DroneDeploy, ESRI, Kespry Inc., MEASURE, Pix4D SA, PrecisionHawk, Inc., SENSEFLY, SHARPER SHAPE, SKYCATCH INC, Skydio, Sky-Future, Skyward IO (Verizon Company), Yuneec, and others

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global drone software market was valued at $ 5.96 billion in 2021, and is projected to reach $21.93 billion by 2031.

A. Incorporation of the Internet of Things (IoT) in drones and high adoption of autonomous drones is major upcoming trends in drone software market

A. Defense and Government is the leading application of Drone Software Market

A. Asia-Pacific is the largest regional market for Drone Software

A. The key players that operate in this market are AirMap Inc, Delair, DJI Technology, DroneBase, DroneDeploy, ESRI, Kespry Inc., MEASURE, Pix4D SA, PrecisionHawk, Inc., SENSEFLY, SHARPER SHAPE, SKYCATCH INC, Skydio, Sky-Future, Skyward IO (Verizon Company), Yuneec,

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Drone Software Market

Start reading instantly.
This Report and over 19,603+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,570
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Single User
  • $5,730
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Enterprise
    License/PDF

  • $9,600
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jul 2023 - Jul 2024)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers