Drone Software Market, By Architecture (Open Source and Closed Source), Offering (App-based Software and Desktop Software), Platform (Commercial and Military), Application (Control & Data Capture, Image Processing and Analytics) - Analysis & Forecast 2019-2030
Report ID : 240 | Published Date : Jun 2020 | Pages : 160 | Region : Global | Report Code : ICT-22
Drone Software Market Introduction & Overview
Software refers to a set of instructions, data or programs used to operate computers and aids in execution of specific tasks. Drone software aids in wide range of applications such as collision avoidance, object detection & tracking, precision landing, indoor navigation, object counting, leaks and crack detection. The configuration and optimization of algorithms utilized for undertaking specific applications is possible owing to computer vision, autonomous navigation, machine learning and deep learning integrated in drone, in the form of advanced software. Increasing adoption of aerial drones & drone technology in diverse industries like agriculture, construction, insurance, mining, public safety, oil & gas, survey engineering and telecommunications can be attributed to the development of novel drone software, essentially to meet the requirements in accordance with specific industrial sector.
The global drone software market is driven by increasing technological innovation in drones. For instance, application of artificial intelligence (AI) and cloud-based machine learning for providing more accurate aerial imaging and mapping software’s for drones. Moreover, the increasing launch of new drones and drone software’s for diverse set of industrial verticals are contributing to the growth of drone software market. However, serious safety and privacy issues associated with the application of drone hampers the market growth.
The global drone software market is segmented by architecture, offering, platform, application and region.
Drone Software Market by Architecture
On the basis of architecture, the drone software market is segmented into open source and closed source. The open source segment is estimated to account for the largest share in the global drone software market. The large share of this segment can be attributed to, the advantage of scalability provided by open source software in the drone industries. Moreover, extensive investments by government in open source software for drones can be attributed to its large market share.
Drone Software Market by Offering
On the basis of offering, the market can be segmented into app-based software and desktop software. The segment of app-based software is estimated to grow at a robust CAGR. With the utilization of app-based software it is easy to survey remote areas which is otherwise hard to survey with desktop software.
Drone Software Market by Platform
Similarly, in terms of platform, the drone software market can be segmented into commercial and military. The segment of commercial is estimated to grow at the highest rate during the forecast period owing to mass adoption and usage of drones in commercial sector for increasing work efficiency, improving accuracy and reducing production cost.
Drone Software Market by Application
Similarly, in terms of application, the drone software market can be segmented into control & data capture, image processing and analytics. The segment of analytics is estimated to grow at a robust CAGR during the forecast period owing to the increasing application of drones for capturing, storing, and transmitting data which is later analyzed and utilized for improving the productive of an industrial plant.
Drone Software Market by Region
The global drone software market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of drone software market, followed by Europe and Asia Pacific. North America dominates the global drone software market owing to factors such high adoption rate drones, technological advancement and extensive research & development by key players in this region. However, Asia Pacific is expected to witness the highest CAGR, with the growth of the market centered at China and Japan. Factors such as increasing development of commercial drones is attributed to the rapid growth of the market in this region.
Drone Software Market Prominent Players
Some prominent players in the drone software market include Dronevolt, Pix4D SA, DJI, Precisionhawk, DroneDeploy, BENTLEY SYSTEMS; INC, Delair, senseFly, 3DR and Esri among others.