DUBLIN--(BUSINESS WIRE)--The "UAV Software" report has been added to ResearchAndMarkets.com's offering.
The Global UAV Software Market acquired a market value of US$3.48 bn in the year 2021. The market is anticipated to grow with a CAG4 of 5% between the forecast period of 2022-2030.
UAVs today have a plethora of uses in agriculture, energy, logistics, defense, homeland security, construction, surveillance, real estate, and Media creation. UAV systems technology's utilization is only projected to grow as a result of its diverse variety of applications. UAVs are comprised of two components, that is, hardware and software. Uninterrupted operation is due primarily to installed software that safely guides the UAV on its path and provides information on where to go and when to react.
Cloud-based software is now accessible, allowing UAVs to broaden their range of uses. Users may control and manage drone operations with a single click using UAVs featuring cloud-based software. Pre-planned, repeated missions are despatched on demand or via the flight scheduling system. To extract insights and improve decision-making processes, users can engage in real-time and process data. Stockpile volumetric measurements, recognizing and counting individuals or objects, and security applications such as detecting breaches and movement are a few examples of UAV software applications.
In 2021, North America gained a market value of US$1.05 bn, and its the largest regional segment within the Global UAV Software Market. North America is expected to continue to be the biggest market with a value of US$1.73 bn in 2029. On studying the regional competitive mapping, APAC is expected to be the fastest-growing segment with a CAGR of 6.3% over the forecast period. This is owing to the presence of countries like India, China, Japan, South Korea, and others in the APAC region. The increased investment in the military modernization programs in the defense sector and rising use of UAVs for commercial, civil and other applications is another factor that is expected to spur the economic growth for APAC region.
Market analysis for the architecture segmentation conveys that Open-Source architecture account for roughly 66% of the market value generated by the Global UAV Software Market. It is also the fastest-growing segment with a CAGR of 6.6% between the forecast period 2022-2030. The interface market for UAV Software is another supply segment within this sector. Android, and Windows are expected to be the fastest-growing segment within this market with a CAGR of 5.99% respectively. The growth in the increased use of UAVs for various applications, including commercial applications is anticipated to drive the growth dynamics.
Reasons to buy
- Determine prospective investment areas based on a detailed trend analysis of the global UAV Software industry over the next eight years
- Gain in-depth understanding about the underlying factors driving demand for different systems segments in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
- Identify the major channels that are driving the UAV Software business, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top systems providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available
Market Dynamics
Drivers
- Increased Applications of UAV
- Integration of Drones into Non-Segregated Airspace
- Advancement of Communication Technologies
- Increased Tactical Role of UAVs
- Growing Air Traffic
Restraints
- Developments in Anti-Drone Technology
- Government Regulations
Challenges
- Privacy concerns
- Integration of UAVs
Companies Mentioned
- BAE Systems
- Elbit Systems Ltd
- Israel Aerospace Industries
- Insitu Pacific
- General Atomics
- AeroVironment Inc
- Lockheed Martin Corporation Ltd
- Northrop Gunman Corporation
- Neurala
- Precision Hawk
- Archangel Imaging
- Atkins
- Altitude Angle
- Parrot
- Dryad Networks
- Skider
- Geoscan
- Wesii
- AGROROBOTICA
- Archon
- Unleash Live
- National Drones
- Datumate
- Vhive
- SkyX
- Auterion
- INVOLI
- Paras Aerospace
- Skydio
- Delair
- Propeller
- Flirtey
- DroneSense
Segmentation
This report has been segmented by Region, Architecture (Hardware), Drone, and Interface.
Region
- North America
- Europe
- APAC
- Middle East
- RoW
Architecture
- Open-Source
- Customized
Drone
- Fixed Wing
- Rotary Wing
Hardware - Open-Source (Fixed Wing)
- Desktop Based
- Mobile Application
- Tablet
Hardware - Open-Source (Rotary Wing)
- Desktop Based
- Mobile Application
- Tablet
Hardware - Customized (Fixed Wing)
- Desktop Based
- Mobile Application
- Tablet
Hardware - Customized (Rotary Wing)
- Desktop Based
- Mobile Application
- Tablet
Interface
- Android
- Windows
- IOS
For more information about this report visit https://www.researchandmarkets.com/r/ejm1a1.
