Drone Software Market will exhibit a CAGR of 25.05% during the forecast period, and reach USD 5,961.6 million by 2027,and the Market value as per 2019 was USD 1,165.3 million.
Fortune Business Insights™ in a new report, titled, “Drone Software Market Size, Share & COVID-19 Impact Analysis, By Architecture (Open Source and Closed Source), By Platform (Application-Based Software and Desktop-Based Software), By Application (Analytics, Image Processing, and Control & Data Capture), and Regional Forecast, 2020-2027.”
Drone Software Market Drivers and Restraint:
Increasing Adoption of Drones for Commercial Purposes to Surge Demand
Globally, the increasing adoption of drones in various industries are fuelling demand for modern technology in aerial vehicles. Drones are fully capable of flying at diverse geographic locations regardless of range and altitude. These benefits are propelling the demand for unmanned aerial vehicles in several countries. Commercial applications such as precision agriculture, construction & infrastructure, security, energy & power, insurance, transportation, and logistics are majorly driving the drone industry growth.
There are three major types of drones such as fixed-wing, rotary-wing, and hybrid drones. The most common drone configuration is multi-rotor with four propellers, six propellers, and eight propellers. The airplane type such as a fixed-wing rotor is configured for much more efficient and excellent endurance at high altitudes. The military drones are widely configured for long-range high altitude operations. The growing adoption of unmanned aerial vehicles across the globe is likely to drive the drone software market during the forecast period.
Prominent Developments in Photogrammetric Software Technology to Propel Market Growth
Technological developments in the software and analytics field are expected to have a huge impact on the UAVs software. Unmanned aerial vehicles have emerged as a prominent weapon and medium for the critical mission. Military drone technology is emerging as an advanced real-time data provider in various locations. The several studies on drones software and innovation in aerial imaging are offering lucrative three-dimensional geospatial images in real-time.
Major companies are investing large amounts on the development of sophisticated photogrammetric software by making measurements from photographs and accurate position from surface points. The system also includes virtual processing components that extract information in the form of images and creates 3-dimensional images in real-time. This development is projected to bode well for the development of future generation aerial vehicles. This is one of the growth factors responsible for driving the market in the forthcoming years.
List of Key Players Covered in the Drone Software Market Report:
- Airware, Inc (U.S.)
- 3D Robotics (U.S.)
- Dreamhammer Inc. (U.S.)
- Drone Volt (France)
- DroneDeploy Inc. (U.S.)
- ESRI (U.S.)
- Pix4D(Switzerland)
- Precisionhawk Inc. (united states)
- Sensefly Ltd.(Switzerland)
- Skyward Ltd. (U.S.)
- DJI (China)
- Other Players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/drone-software-market-103527
Some of the key industry developments in the Drone Software Market Include:
- January 2020 – Sky-Drone Technologies Ltd, the U.K. based developer of full-stack avionics solutions, launched the new Sky-Drones Cloud platform. The newly launched platform is for integrated drone fleet management, real-time control, mission planning, performance monitoring, and post-flight AI analytics.
- May 2020 – DroneShield Ltd, a Sydney-based company, launched a new software, DroneOptID, a camera-based drone tracking system. The new software is loaded with artificial intelligence and machine learning (AI/ML) engine to support computer vision technology to detect, keep track, and easy monitoring system.
- June 2020 – Pix4D, a Swiss-based company, announced a new drone mapping platform Pix4Dcloud and Pix4Dcloud Advanced. The drone mapping platform can be used for surveying and site monitoring applications. The new software platform replaces the previous Pix4Dmapper cloud and Pix4Dbim Cloud software.
- August 2020 – DJI, a leading Chinese company, released an update for the DJI Terra drone mapping software. The DJI Terra drone is mapping software updated with 400 times faster than the previous one. The new drone surveying software tool can transform drone data into three-dimensional maps for accuracy and fast processing.
