Drone Software Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2027
COVID-19 Propels the Demand for Drones Owing to Increasing Focus on Contactless Operations
The COVID-19 pandemic has led to curbs in the movement of the people to contain the widespread effects of the disease. The nature of actions such as complete lockdown, and people remaining quarantined at their home spaces have severely impacted the economic condition of several industries such as hospitality, entertainment, travel, manufacturing, and others. However, the demand for autonomous drones is showcasing a tremendous surge to perform contactless and remote operations across several industries. The companies are increasing the adoption of advanced technologies in drones to pace up operations and respond quickly to several crises and anomalies.
Get a Sample PDF Brochure:
Drones are extensively adopted in situations where human intervention is deemed difficult or risky. They enable all-round support by reverting back real-time audio-video information of the activities at the ground. They are equipped with advanced drone software features that require high processing power to solve complex applications such as accurate monitoring and surveying services. The software executes and stores data efficiently while ensuring less usage of CPU, and less draining of the battery.
What does the Report Include?
The global UAVs software market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
Increasing Adoption of Artificial Intelligence in Drones to Favor Growth
The unmanned aerial vehicles (UAVs) or drones have a built-in computerized technology such as GPS, programmable controllers, sensors and cameras, and other equipment that facilitate automated flights. In addition to this, the inclusion of advanced technologies such as artificial intelligence (AI) in drone software is aiding in accurate object tracking, obstacle detection, and prevention, among others. The increasing focus on developing smart cities that include advanced features such as well-connected homes, along with the adoption of AI-based security surveillance is driving the demand for drones. This is expected to further boost the global drone software market growth in the forthcoming years.
Open Source Segment to Remain Dominant; Easy Availability of Open Source Software to Spur Demand
The open source segment, based on architecture, is expected to remain at the forefront and hold the highest market share owing to the easy availability and affordability of the open source drone software during the forecast period. Besides, the closed source segment held a market share of 17.4% in 2019 and is likely to gain momentum owing to the rising demand for customized and secured architecture in UAVs from military purposes.
Presence of Major Companies in North America to Promote Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global UAVs market in the forthcoming years. This dominance is attributed to the presence of multiple established commercial UAVs manufacturers in the region. Additionally, the region stood at USD 421.14 million in 2019. The market in Asia-Pacific is expected to showcase a significant growth during the forecast period. This is ascribable to factors such as the increasing adoption of drones that are driving the demand for drone software across several industrial applications such as agriculture, construction, and infrastructure, among others between 2020 and 2027.
Collaboration between Major Companies to Consolidate Their Market Positions
The global drone software market is dominated by major companies such as DroneDeploy and Airwave. These companies are collaborating with the other key players to strengthen their positions in the highly competitive global marketplace. The other major companies such as 3D Robotics and Dreamhammer, Inc. are set to adopt strategies such as the introduction of new products, merger and acquisition, and partnership to maintain their market presence during the forecast period.
July 2020: Aerodyne Group, a Malaysian drone software company, announced its collaboration with Celcom Axiata Berhad to develop IR 4.0 solutions that focus on the agricultural and urban sectors. The collaboration is aimed at jointly developing innovative drone solutions by adopting automation, artificial intelligence (AI), and machine learning technologies.
Get your Customized Research Report:
List of the Companies Operating in the Global Market for Drone Software:
Airware, Inc (U.S.)
3D Robotics (U.S.)
Dreamhammer Inc. (U.S.)
Drone Volt (France)
DroneDeploy Inc. (U.S.)
Precisionhawk Inc. (U.S.)
Skyward Ltd. (U.S.)
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Drone Software Market Overview By Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2027 here
News-ID: 2478797 • Views: 168
More Releases from Fortune Business Insights Private Limited
Cryogenic Equipment Market 2022 In-depth Research with Emerging Growth Trends, R …
This research study can be used by all participants in the Cryogenic Equipment Market as it covers all major and minor aspects of the current and future market competition. It can also prove very beneficial for stakeholders in view of the range of courses on offer and a detailed analysis of the expected growth strategies of the players in the coming years. According to the data by Ecotricity, crude oil
Natural Zeolites Market Trends, Top Key Players, Business Opportunities, Industr …
The global natural zeolites market size is expected to gain momentum owing to the rising demand from construction industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, "Natural Zeolites Market, 2022-2029." They are aluminosilicate minerals with a microporous surface that allows them to absorb a wide range of cations, including water. They are mined using traditional open-pit mining processes and they
Lemon Oil Market Share, Demand, Top Players, Industry Size, Future Growth By 202 …
The global lemon oil market size is expected to gain momentum owing to the rising demand in cosmetic & personal care during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, "Lemon Oil Market, 2022-2029." Liquid sunshine is another name for lemon oil. It's a citrus essential oil with a fresh scent that comes from the citrus lemon plant. The oil is extracted
Copper Sulphate Market Trends, Industry Share, Growth Drivers, Business Opportun …
The global copper sulphate market size is expected to gain momentum owing to the rising demand from the agriculture application during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, "Copper Sulphate Market, 2022-2029." It's a chemical compound that's also known as cupric sulfate, and it's a solid, off-white or blue in color. It can be dissolved in both hot and cold water.
More Releases for Drone
Skyline X Drone - Legit Foldable Drone
Visit Official Website Here >> https://bit.ly/3IjfkCq The Skyline X Drone is a compact and efficient quad copter with a modern design, made for users who love capturing beautiful, spectacular, wide angled, high-definition aerial photographs and videos. Contrary to common beliefs and opinions of portable drones being just toys, the Skyline X drone has numerous great features that the user can greatly benefit from, and this puts it far apart from toy views. Get
QuadAir Drone - Best Affordable Drone of 2021
QuadAir Drone is a precision engineered drone which is specifically designed for easy flying, making it perfect to fly inside or to record action shots whilst on the move. Get Exclusive Discount on QuadAir Drone >> https://bit.ly/2YwTw3H About QuadAir Drone A marvel of engineering and design, the QuadAir Drone Pro was built to go wherever you travel. Inheriting the best of the QuadAir Drone series, this ultraportable and foldable drone features
Quadair Drone review;The latest Drone
QUADAIR DRONE REVIEW 2021; IS THIS LATEST DRONE WHAT YOU ACTUALLY NEED? Quadair Drone review; It is so amazing how the world keeps unfolding with many technologies. Though this has all been proved decades back in paperwork, the practical aspect will never cease to be a wonder scientists keep proving their worth. To say that unmanned aerial vehicles popularly known as drones keep advancing from what was majorly used by the
Novum Drone Reviews : Read This Novum Drone Review Before Buying This Foldable D …
After over 550 hours of research and thorough reviews of the latest drones and consultation with experts for Novum drone reviews, we came up with this post about the Novum drone. There are lots of cheap knock offs drones which promise to give you incredible shots under delivers on its advertising claims. So, we took our time to review Novum Drone to ensure you don’t lose your money for craps. According to
XPRO Drone Reviews: A Legit or A Scam 4k Drone? [$199 USA Best Drone]
XPRO Drone Review: Everybody understands that the large technology companies are taking advantage of us. They do not appear to make much progress from year to year, but their drones seem to be growing more and more expensive every year. For a long time, the drone business was dominated by a limited number of large corporations who were able to set any pricing they desired due to the lack of
QuadAir Drone Reviews : Read This Quad Air Drone Review Before Buying This Folda …
QuadAir Drone Review: The way things are done has changed and improved dramatically as a result of technological advancements. The use of drones in photography and videography has had a positive impact on the film industry. A drone is a device that is used in photography and videography to take still aerial shots. There are many different types of drones available on the market. Quadcopter drones have recently piqued the interest