The Drone Software Market is Predict to reach $19.1 Billion by 2030, at a CAGR of 18%

Special Offering :

Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

Drone Software Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Drone Software Market size is expected to reach $19.1 billion by 2030, rising at a market growth of 18% CAGR during the forecast period.

The System-based segment is anticipated to grow at a CAGR of 19.4% during (2023 - 2030). Due to the rising demand for industry-specific solutions, the need for increased efficiency and compliance, and the continuous evolution of drone technology, the system segment is anticipated to record significant growth over the forecast period. Furthermore, system-based solutions support industry-specific sensors and payloads, facilitating the collection of data and information pertinent to the targeted applications, driving the segment's growth over the forecast period.

The Open-Source segment is leading the Global Drone Software Market by Architecture in 2022; thereby, achieving a market value of $11 billion by 2030. This portion is attributable to its accessibility to the public and its adaptability to the end-user's requirements. Open-source drone software is typically free, lowering the financial barrier for businesses and individuals seeking to adopt drone technology. This cost-effectiveness particularly appeals to smaller businesses, researchers, and hobbyists with tight budgets, fuelling segment growth.

The Ground-based segment would exhibit a CAGR of 19.5% during (2023 - 2030). With ground-based deployment, applying software updates and enhancements to the computational systems is simple, ensuring that the most recent advancements and improvements are readily available for drone operations. This adaptability allows operators to adapt to shifting requirements and technological advances, which is anticipated to drive the growth of the ground-based deployment segment over the forecast period.

The Rotary Blade segment is generating the maximum revenue in the Global Drone Software Market by Drone Type in 2022; thereby, achieving a market value of $13.7 billion by 2030. The segment for rotary-bladed drones for surveillance is expected to rise due to their capacity to hover and perform agile manoeuvres while retaining a visual on a specific target for expanded periods. These drones are frequently viewed as a suitable alternative for various business applications, including surveillance, filmmaking, photography, and monitoring.

The Consumer segment is registering a CAGR of 19.3% during (2023 - 2030). Customers are progressively exploring the benefits of drones for enhancing their leisure activities and interests, resulting in a significant rise in consumer drone sales globally. In addition, technological advancements in consumer drones are propelling the segment's growth, which is anticipated to continue throughout the forecast period. During the anticipated period, such developments by market participants are expected to fuel the growth of the consumer segment.

The Media & Entertainment segment captured the highest revenue in the Global Drone Software Market by Vertical in 2022; thereby, achieving a market value of $4.3 billion by 2030. Drones, including concerts, sports events, and festivals, are used extensively for live event coverage. They provide dynamic aerial perspectives and enhance the viewer's experience. Live streaming companies rely on drone software for smooth and reliable live broadcasts. Drones have become integral to film and television production.

The Inspection & Maintenance segment is anticipated to grow at a CAGR of 18.7% during (2023 - 2030). Using drones in inspection and maintenance activities has several advantages, including cost savings, reduced safety risks for workers, and increased efficiency. Drone software plays a crucial role by processing and analyzing the vast amount of data collected during these inspections, turning it into actionable insights for maintenance and repair. The inspection and maintenance segment has been a significant growth driver in the drone software market.

The North America region dominated the Global Drone Software Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.6 billion by 2030. The Europe region is poised to grow at a CAGR of 17.6% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 18.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/drone-software-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kespry, Inc., SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited), DroneDeploy, Inc., Esri, Inc., Pix4D SA, PrecisionHawk, Inc., AgEagle Aerial Systems, Inc., Skydio, Inc., AirMap Inc. (DroneUp, LLC), DELAIR SAS.

Global Drone Software Market Segmentation

By Solution

Application-based
System-based

By Architecture

Open Source
Closed

By Deployment

Onboard
Ground-based

By Drone Type

Rotary Blade
Fixed Wing
Hybrid

By End use

Commercial
Consumer
Military

By Vertical

By Application

By Geography

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

Kespry, Inc.
SZ DJI Technology Co., Ltd. (iFlight Technology Company Limited)
DroneDeploy, Inc.
Esri, Inc.
Pix4D SA
PrecisionHawk, Inc.
AgEagle Aerial Systems, Inc.
Skydio, Inc.
AirMap Inc. (DroneUp, LLC)
DELAIR SAS

Related Reports:

SUBSCRIPTION MODEL

The Drone Software Market is Predict to reach $19.1 Billion by 2030, at a CAGR of 18%

Special Offering :

Drone Software Market Growth, Trends and Report Highlights

Global Drone Software Market Segmentation

North America Drone Software Market Size & Share, 2023-2030

LAMEA Drone Software Market Size, Share & Growth, 2023-2030

Europe Drone Software Market Size & Industry Trends, 2030

Asia Pacific Drone Software Market Size & Forecast to 2030