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(IndustryNews247.Com, April 22, 2021 ) The Drone Software Market is estimated to be $2.85 Billion in 2016 and is projected to reach $12.33 Billion by 2022, at a CAGR of 27.63% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022. The report provides in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the drone software market, along with analyzing micro markets with respect to individual growth trends, future prospects, and their contribution to the market.
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Drone Software Provider
Drone Pilot Training Bodies
Drone Software Consultants
Drone Research Centres
Based on architecture, the open source segment is expected to dominate the market. Open source software are available freely and many companies are opting for open source software. The trend in drone software is towards open source software, as the end users require customized software for operating drones.
Based on offering, the app-based software segment is projected to witness high growth in the drone software market during the forecast period. App-based software are practical when it comes to the use of drones in remote areas or places where carrying a desktop station is not possible.
Based on application, the analytics segment is anticipated to witness high growth in the drone software market during the forecast period. The data captured by drones can be used for analytics and provided to businesses to help them in decision-making. Drone software are developed according to the diverse needs of different applications.
Based on platform, the commercial segment is estimated to witness high growth in the drone software market during the forecast period. Various companies in the commercial sector are rapidly adopting drones in various applications.
North America is estimated to lead the drone software market in 2016. Disruptive technologies used in drone software industry in the region are transforming the way the companies do business and helping them gain competitive advantage. The drone software market in Asia-Pacific region is expected to witness high growth during the forecast period, owing to innovations in technology and increasing focus on the manufacturing of commercial drones at low cost.
Key Market Players
Key players profiled in the drone software market report include Pix4D (Switzerland), Precision Hawk (U.S.), ESRI (U.S.), Airware, Inc. (U.S.), 3D Robotics (U.S.), Dreamhammer Inc. (U.S.), Drone Volt (France), and DroneDeploy (U.S.), among others. Acquisitions, collaborations & partnerships was among the key strategies adopted by the leading market players to sustain their position in the market.
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Mr. Aashish Mehra
Industrial News TV