Drone Software Market Growth Analysis | 2022-28

Market Insights

The drone software market is likely to grow from USD 5.22 billion in 2022 to reach USD 13.91 billion by 2028 at a healthy CAGR of 17.74% during the forecast period.

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What is drone software?

Drone software is used for various purposes such as capturing data, processing images, and making analyses of data. The software can be open source as well as closed source.

Drone software is available as desktop software as well as app-based software. Military and commercial platforms are areas where drone software is used.

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.

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Key Players

Some of the major players in the market-

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

Segment Analysis

By Application Type

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

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

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

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.

By Region

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.

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Segmentation

This report studies the market covering a period of 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 market is segmented into the following categories. 

By Application Type:

• Control and Data Capture 
  • (Application Type Analysis: Operating System, Autopilot, and Fleet Management Software)
• Image Processing 
  • (Application Type Analysis: 2D/3D Mapping and Object Recognition)
• Analytics 
  • (Application Type Analysis: Cloud Connection)

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)

Research Methodology

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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

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

What Deliverables Will You Get in this Report?

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.