Drone Software Market by Solution, Platform, Architecture, Deployment, Region - Global Forecast to 2027

Posted June 22, 2022 by priyapraksh98

The Drone Software Market is projected to grow from USD 5.1 Billion in 2022 to USD 11.2 Billion by 2027, at a CAGR of 17.1% from 2022 to 2030.
Bharat Book Bureau Provides the Trending Market Research Report on “Drone Software Market by Solution (Application, System), Platform (Defense & Government, Commercial, Consumer) Architecture (Open Source, Closed Source), Deployment (Onboard Drone, Ground-Based, Region - Global Forecast to 2027”under Defence Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Drone Software Market is projected to grow from USD 5.1 Billion in 2022 to USD 11.2 Billion by 2027, at a CAGR of 17.1% from 2022 to 2030. Increasing private investments in drones and Increasing use of drones for automated remote infrastructure inspectionare some of the factors fueling the growth of the market.
According to primary respondents, the impact of COVID-19 is positive on the drone software market due to an increase in experimental flights with delivery drones across various countries and the realization of the significant potential of drone technology by various industrial sectors.
Based on architecture, the open source segment is projected to lead the drone software market during the forecast period.
Drone software can be open source or closed source based on its architecture. Open-source software features an open development process that is reprogrammable and can be modified as per the requirements of the end user. Closed source software code is secure, and only authorized programmers can reprogram it. Developers are working on innovations such as collision avoidance, air traffic management, and computer vision in drone software. Companies operational in the drone software market are focusing on technological advancements by integrating and experimenting with different payloads, controlling drones through mobile/web applications, writing customized algorithms for required automation, and cloud computing. These companies are also engaged in research activities to develop completely autonomous drones that can perform efficiently in complex environments.
Based on platform, the commercial segment is projected to lead the drone software market during the forecast period.
Based on platform, the drone software market has been segmented into defense& government, commercil, and consumer. The commercial segment is further segmneted into agriculture, logistics & transportation, energy & power, construction & mining, media & entertainment, insuance, wildlife, and academic research.In commercial media & entertainment segment will lead the market. Using drone swarm software, one can easily control swarm drones with a single computer without a distance limit and check video and flight information in real time.
Even if swarm drones stop due to time lags, the software ensures that drones fly in alignment with a synchronized starting time at each stop to avoid collision risks. As there are dedicated servers, even in the event of a drone loss or computer malfunction, video information is automatically saved on the server.In January 2022, Intel (US) provided drones and software for a drone light show organized by Destination NSW (Australia) and AGB Events (Australia) and organized the largest illuminated drone light show in Australia for the ELEVATE SkyShow Sydney. It provided 500 Intel illuminated drones that flew high above the Sydney Harbour for a multi-night performance
The North American and Asia Pacific regions are projected to be high growth potential markets for the drone software during the forecast period.
The drone software market in the North American region is expected to witness substantial growth and register the highest CAGR during the forecast period.Industrial asset inspections have historically been defined by significant manual work that can be risky to personnel, as well as time and resources spent due to the complexity of acquiring high-quality data and then analyzing it. Traditional drones have proven capable of reducing these risks by allowing inspectors to complete their work safely from the ground. However, they are still time- and resource-intensive because of their complexity in operating and their high likelihood of crashing.In March 2022, Skydio (US) partnered with Optelos (US) to accelerate asset inspection. The combination of Skydio’s autonomous drone software with Optelos’ visual data management software will allow companies performing asset inspections to more rapidly identify and resolve issues, like being able to take accurate measurements.
The market in Asia Pacific is expected to exhibit highest CAGR due to the Market growth can also be attributed to innovations in drone software for image processing, fleet management, mapping, cloud connection, object detection, and flight control. The retail and e-commerce sectors are the major users of drone software in Asia Pacific, followed by the healthcare and pharmaceutical sector. China and Japan are key markets for drone software used in commercial applications.The prevailing trends of automation in India, Australia, and China and ongoing globalization are also fueling the growth of the drone software market in Asia Pacific. Drones are being increasingly used in the real estate, pollution monitoring, and agriculture sectors to carry out inspections in China and Japan. AutoFlight (China) has announced plans to launch air taxis by 2025. AutoFlight’s air-taxi ‘Prosperity I’ is an electric vertical takeoff and landing aircraft with a range of approximately 250 kilometers.
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Last Updated June 22, 2022