Drone Software Incorporation of Artificial Intelligence to Drive the Industry Growth
They enable all-around support by reverting back real-time audio-video information of the activities on the ground. The software executes and stores data efficiently while ensuring less usage of the CPU, and less draining of the battery.
The global drone software industry size is expected to experience exponential growth by reaching USD 3,248.9 million by 2027 while exhibiting an astounding CAGR of 14.66% between 2020 and 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence and machine learning in the development of drone software across the globe. Observes that the industry stood at USD 1,165.3 million in 2019 and is likely to gain momentum in the forthcoming years.
The global UAVs software industry
The global UAVs software industry research includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the industry will face during the projected horizon. Additionally, the research provides comprehensive research into the regional developments of the industry, 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, mergers and acquisitions, and collaborations adopted by the companies to maintain an industry stronghold between 2020 and 2027.
List of the Companies Operating in the Global Industry for Drone Software:
Airware, Inc (U.S.), 3D Robotics (U.S.), Dreamhammer Inc. (Switzerland), Skyward Ltd. (U.S.), DJI (China), DroneDeploy (U.S.), Other Players,
Increasing Adoption of Artificial Intelligence in Drones to Favor Growth
Unmanned aerial vehicles (UAVs) or drones have 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 industry growth in the forthcoming years.
Open Source Segment to Remain Dominant; Easy Availability of Open Source Software to Spur Demand
The open-source segment is based on architecture. Is expected to remain. At the forefront and hold the highest industry share owing to the easy availability and affordability of the open source drone software during the forecast period. Besides, the closed source segment held an industry share of 17.4% in 2019. And is likely to gain momentum owing to the rising demand for customized. And secured architecture in UAVs for 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 industry in the forthcoming years. Commercial UAV manufacturers in the region. Additionally, the region stood at USD 421.14 million in 2019. 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 Industry Positions
Such as DroneDeploy and Airwave. These companies are collaborating with the other key players to strengthen their positions in the highly competitive global industry place. The other major companies such as 3D Robotics and Dreamhammer, Inc. Are set to adopt strategies. Such as the introduction of new products. Mergers and acquisitions, and partnerships to maintain their industry presence during the forecast period. The software executes and stores data efficiently while ensuring less usage of the CPU, and less draining of the battery. This is expected to further boost. The global drone software industry growth in the forthcoming years.