Drone Software Market is anticipated to grow at ~25% CAGR from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Drone Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global drone software market is estimated to be over US$ 5.5 Billion in 2019. It is anticipated to grow at ~25% CAGR from 2019 to 2030.
The wide usage of drone in several sectors for performing diverse task is anticipated to boost the growth of drone software market over the forecast period. For instance, specialized drone manufacturers and software developers are focusing on designing smaller, portable drones exclusively for better surveillance and other offensive operations undertaken by military. Similarly, in 2019, DJI, a world’s leader in civilian drones and aerial imaging technology launched Disaster Relief Program. It is an emergency response program for responding and recovering during and after major disasters such as wildfires, hurricanes, floods, tornadoes, earthquakes and local emergencies. Moreover, the technological innovations in drones have significantly impacted the growing use of drones which in turn will propel development of new drone software for carrying out specialized tasks. However, hacking prone nature of drones bring new challenges for developing new drone software.
Increasing number of new product launches by key players is also contributing to the growth of drone software market. For instance, in June 2018, DroneDeploy a drone software developer launched a new line of UAV-centered organizational apps. This new app will allow users to deploy any public app pre-loaded into their accounts. Similarly, in 2019, Wing is a subsidiary of Alphabet Inc. unveiled a new app called OpenSky to help manage an airspace full of unruly drones. This app will aid in air management system for small drones flying at low altitudes without crashing into buildings, trees, or each other.
The rising adoption of drones across wide range of domains such as construction, agriculture, oil & gas, scientific surveillance, and disaster management is attributed in propelling the market growth. For instance, in 2019 DJI has launched two new drones P4 Multispectral and the Agras T16, for precision agriculture. The drones are high-precision drones which is integrated with seamlessly multispectral imaging system for carrying out agriculture missions and environmental monitoring among others.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/drone-software-market/240
However, serious vulnerabilities associated with drone application is hampering the development of new drone software. These vulnerabilities give rise to serious safety and privacy issues for consumers, enterprises and their clients. Hence to combat the risk associated with drones, new drone flight and data management platforms are developed to control all functions with an encrypted, unified interface for providing enhanced security.
Asia Pacific is estimated to account for the highest CAGR in drone software market over forecast period. Significant technological advancement, rising adoption rate of drones in several industries and launch of new products in this region contributes to the market growth. For instance, in 2019, Terra Drone India, introduced all-in-one drone data processing and photogrammetric software Terra Mapper in the Indian market. The new software enables users to automatically tag ground control points (GCPs), visualize high-density point cloud and capture video animations effortlessly.
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.
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