World Drone Software Market to Reach USD 12.33 Bn by 2022, States M&M in Its Cutting-Edge Report Available at MarketPublishers.com
06 Mar 2017 • by Natalie Aster
LONDON – The drone software market is projected to increase from USD 2.85 billion in value as of 2016 to be worth USD 12.33 billion by 2022, registering just over 27.6% CAGR during the forecast period. The key factors likely to stimulate the growth of the market include massive investments and the growing usage of drones in military and commercial applications.
By architecture, open source software is anticipated to take lead in the market, as end users need customised software for flying drones. Based on offerings, the desktop-based software is forecast to dominate the drone software marketplace in the foreseeable future. In terms of applications, the analytics sector will likely post the fastest CAGR in the market. Based on platform, the military segment is set to take the lead in years to come.
North America region is the largest market for drone software as of 2016. Groundbreaking technologies employed in the region’s drone software industry are radically changing the way the firms do business and assisting them gain a competitive edge. The APAC market is anticipated to witness the fastest growth in the offing, due to technology innovations and a focus on the production of commercial drones at low cost.
Pix4D, Precision Hawk, ESRI, Airware, Inc., 3D Robotics, Dreamhammer Inc., Drone Volt, and DroneDeploy are the leading players in the market.
Comprehensive research publication “Drone Software Market” prepared by MarketsandMarkets gives a historical and actual analysis of the drone software universe, alongside providing detailed forecasts through to 2022. The report offers market segmentation, based on architecture, offering, application, and platform. There segment/subsegments are examined across key regions like North America, APAC, Europe, the Middle East region, and RoW. It provides market size estimates and forecasts for the overall marketplace and each individual segment/subsegment. The report keeps track of the market dynamics and key factors, like drivers, hindrances, opportunities, and challenges having a bearing on the growth of the drone software marketplace. The research also covers the competitive scene, shedding light on such developments as long-term agreements, JVs, M&As, new product launches and developments, and R&D activities in the market, alongside strategies adopted by top market players. Furthermore, the study analyses micromarkets in relation to growth trends, future outlook, and their contribution to the market.
For other research studies by the publisher follow to the MarketsandMarkets catalogue at MarketPublishers.com.