Global Drone Software Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Drone Software Market 2021 (Includes Business Impact of COVID-19)
Global Drone Software Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global drone software market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global drone software market report has been segmented on the basis of architecture, offering, application, platform, and region.
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The global Drone Software market size was valued at USD $5.38 billion in 2020 and is projected to reach $59.01 billion by 2030, and is anticipated to expand at a CAGR of 26.50% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Drone is unmanned arial vehicle that contains sensors, global position system (GPS), and embedded system. System in UAV is based on chipsets, circuit boards and software. Software that are used for various program function in drones are known as drone software. Drone software system includes collision avoidance system, obstacle detection system, and many more software algorithms. It is also used to fuse all the signals send by attached sensor such as vison sensor, ultrasonic sensor, infrared sensor, light detection and ranging (LiDAR), etc. Some type of drones also include firmware upgrade that is a software used to fix bugs and command physical components.

Dynamics:

Drones are used for mapping, photography, agriculture surveillance, tracking, search and rescue operations, shipping and delivery, engineering applications and many more. Using drones in remote areas and location that can be hazardous for individuals life is a factor resulting into increasing demand for drones for various applications. Increasing adoption of drones in commercial and defense sector is a key factor driving growth of the global drone software market. Furthermore, increasing investments in R&D for development of technologically advanced drone software and increasing use of IoT applications in drone are factors expected to boost growth of the global drone software market in the near future.

However, rising security issues owing to possibility of hacking is a factor that may hamper growth of the global drone software market. Nevertheless, increasing adoption of autonomous drones and introduction of drones with enhanced functionality can create high revenue opportunities for players operating in the target market.

Segment Analysis:

On the basis of architecture, the open source segment is expected to register lucrative growth in terms of revenue over the forecast period. Increasing demand for open source software as consumers require customized software for various applications is a factor supporting growth of this segment in the global market. On the basis of application, the analytics segment is expected to register high growth in terms of revenue in the near future, owing to increasing demand for drone analytics especially in industrial sector for decision making.

Regional Analysis:

Market in North America expected to account for major share in terms of revenue over the forecast period. Presence of prominent software developing companies is a key factor driving growth of the target market in this region. Asia Pacific market in anticipated to witness fastest growth in terms of revenue in the near future, owing to increasing demand for drones especially for commercial applications. In addition, increasing investments for new software development is another factor expected to fuel growth of the drone software market in Asia Pacific.

Global Drone Software Market Segmentation:

Segmentation by architecture:

  
Closed Source
  
Open Source

Segmentation by offering:

  
Desktop Software
  
App-based Software

Segmentation by application:

  
Image Processing
  
Analytics
  
Control and Data capture

Segmentation by platform:

  
Military
  
Commercial


Key Market Players included in the report:


  
3D Robotics, Inc.
  
Airware Inc. (U.S.)
  
Dreamhammer Products LLC
  
Drone Volt (France)
  
DroneDeploy, Inc.
  
ESRI (U.S.)
  
Pix4D (Switzerland)
  
Precision Hawk (U.S.)
  
senseFly SA
  
Skyward IO, Inc.


Below are the key development related to Drone Software Market in 2020 and 2021.


August 2021: Ondas Completes Strategic Acquisition of American Robotics. Strengthens Leadership Position in Industrial Data Markets with Enhanced Connectivity and Remote Data Collection. Ondas Holdings Inc. (“Ondas”) (NASDAQ:ONDS), a developer of proprietary, software-based wireless broadband technology, announced that it has completed the acquisition of American Robotics, Inc. (“American Robotics”), a leading developer of highly automated commercial drone systems and the first company approved by the FAA to operate its drones beyond-visual-line-of-sight (“BVLOS”) without a human operator on-site. The combination of the two companies will enable Ondas Networks and American Robotics to provide users in rail, agriculture, utilities and critical infrastructure markets with improved connectivity and data collection capabilities. Source

April 2021: AgEagle Announces Acquisition of Measure in the Next Step to Become the Company of Choice for End-to-End Drone Solutions. Strategic Acquisition of Award-Winning Aerial Intelligence Solutions Company, Valued at Approximately $45 million, to Significantly Expand Autonomous Control Capabilities. AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading drone solutions provider, announced its acquisition of Measure Global Inc. (“Measure”), an award-winning aerial intelligence solutions company, in a combination cash and stock transaction valued at approximately $45 million. This is the third acquisition by AgEagle, and the second this year, as part of the Company’s core strategy to acquire and integrate only the best-in-class drone technologies required to deliver American-made, tailored drone solutions to the world. As commercial and industrial businesses continue to recover from the impact of the global pandemic, and the use of drones across a wide variety of industries and applications gain greater acceptance, AgEagle believes companies will seek trusted and robust partners capable of providing a one-stop shop for high quality drone solutions that effectively address business challenges. By adding Measure’s advanced software to the AgEagle platform, agriculture, commercial and industrial customers seeking to capitalize on the significant economic, safety and efficiency benefits made possible by drones used at scale now have a clear choice. Source