Drone Software Market Analysis | 2022-2028

Market Insights

The drone software market was estimated at USD 5.22 billion in 2021 and is likely to grow at a CAGR of 17.74% during 2022-2028 to reach USD 13.91 billion by 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Drone software is a critical component that powers the functionality and performance of drones, enabling seamless control, navigation, and data processing. It encompasses a range of applications, including flight control, mission planning, data analytics, and real-time monitoring. Designed for industries such as agriculture, logistics, construction, surveillance, and filmmaking, drone software optimizes operations by automating tasks like mapping, inspection, and delivery. Advanced drone software integrates artificial intelligence (AI) and machine learning for enhanced decision-making, object detection, and obstacle avoidance. Its versatility and ability to process complex data make it a cornerstone of modern drone technology, revolutionizing various industries worldwide.

Market Drivers

• Growing investments and the increasing use of drones in commercial and military applications are the major factors expected to bolster growth.
• A number of industries are adopting drone software as a result of modern and advanced technologies in aerial vehicles. They can fly globally in the world, irrespective of height or range.
• Increasing Artificial Intelligence (AI) applications in drone software are expected to fuel market growth during the forecast period.
• Increasing demand for innovative drone software offers growth opportunities to the market players.

Want to have a closer look at this market report? Click Here

Key Players

The following are the key players in the drone software market:

• Airware, Inc.
• Drone Volt
• Dronedeploy Inc.
• ESRI
• 3D Robotics
• Pix4D
• PrecisionHawk Inc.
• Skyward IO, Inc.
• Sensefly Ltd.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Segment Analysis

By Application Type

"Analytics segment is estimated to depict substantial growth during the forecast period"

The market is segmented into control and data capture, image processing, and analytics. The analytics segment is estimated to depict substantial growth during the forecast period. The growth can be attributed to data captured by drones, which can be utilized for analytics and delivered to businesses to facilitate their effective decision-making. Drone software is developed suitably for the varied needs of different applications.  

By Architecture Type

"Open-source segment is expected to command the market in the coming five years"

The market is segmented as open source and closed source. The open-source segment is expected to command the market in the coming five years. The growth of the segment is fueled by the easy availability of open-source software and their preference by many companies. Further, as end-users require customized software for operating drones, the segment is likely to depict higher growth during the forecast period.

By Offering Type

"App-based software segment is expected to register higher growth during the forecast period"

The market is segmented as desktop software and app-based software. The app-based software segment is expected to register higher growth during the forecast period, as they are practical in terms of their usage in remote areas or places, where carrying a desktop station is a constraint.  

By Platform Type

"Commercial segment is estimated to depict higher growth in the coming five years"

The market is segmented as military and commercial. The commercial segment is estimated to depict higher growth in the coming five years, owing to the rapid adoption of drones by various companies in the commercial sector for various applications.

Regional Analysis

"North America is estimated to continue its dominance during the forecast period"

North America is estimated to continue its dominance during the forecast period. The region’s market is driven by disruptive technologies employed in the drone software industry, which are enabling the companies to transform their business operations and supporting them to gain a competitive advantage. The drone software market in the Asia-Pacific region is estimated to register high growth during the forecast period, as technological innovations and increasing focus on the manufacturing of commercial drones at low cost remain the prime factors driving the region’s market.

Know the high-growth countries in this report. Register Here

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s drone software market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The drone software market is segmented into the following categories:

By Application Type

• Control and Data Capture
• Image Processing
• Analytics

By Architecture Type

• Open Source 
• Closed Source 

 By Offering Type

• Desktop Software 
• App-Based Software 

By Platform Type

• Military
• Commercial 

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.