Drone Software Market Size Insight Report 2021 to 2030 by , End Users and Regions with COVID-19 Impact Analysis Size, Opportunities, Growth Rate, Development Trend and Feasibility Studies

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Global Drone Software Market is valued approximately at USD 4.60 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 27.63 % over the forecast period 2019-2026. Drone software is gaining momentum across many industries and also generating humongous investment opportunities. Also, the drone software is majorly used in rescue missions, surveillance, photography, rescue missions and man-made disaster management and entertainment. Further, rising use of drone in commercial and military applications and growing capital investment in drone software has led the adoption of drone software across the forecast period. For Instance: The US military has allocated a total fund of $4.61 billion in FY17 for development and procurement of new drones as per Department of Defense Fiscal Year 2017 budget.

Further, in the year 2018, as per Department of Defense Fiscal Year 2018 budget, the military spending in the drone is set to increase by approx. 33% and would reach $6.97 billion. Through this budget, the government of United States can reduce its defense and military risks. Therefore, high investments in drone are expected to enhance the research and development activities to develop VTOL drones. As a result, the adoption of drone in military sector would increase globally. However, vulnerability to hacking is beholding the confidence of industries towards purchase of Drone software globally.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Drone Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America dominates the Drone Software market. Factors such disruptive technologies used in drone software industry are transforming the way and helping the companies to gain competitive advantage. Whereas, Asia-Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2019-2026. Factors such as increasing focus on the manufacturing of commercial drones at low cost and innovations in technology would create lucrative growth prospects for the Drone Software Market across Asia-Pacific region.

Major market player included in this report are:
Airware, Inc.
3D Robotics
Dreamhammer Inc.
Drone Volt
Dronedeploy Inc.
ESRI
Pix4D
Precisionhawk Inc.
Sensefly Ltd.
Skyward Io

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Control and Data Capture
Image Processing
Analytics

By Architecture:
Open Source
Closed Source

By Offering:
Desktop Software
App-Based Software

By Platform:
Military
Commercial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016-,2017
Base year - 2018
Forecast period - 2019 to 2026

Target Audience of the Global Drone Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Drone Software Market, by Region, 2017-2026 (USD Billion)
1.2.2. Drone Software Market, by Application, 2017-2026 (USD Billion)
1.2.3. Drone Software Market, by Architecture, 2017-2026 (USD Billion)
1.2.4. Drone Software Market, by Offering, 2017-2026 (USD Billion)
1.2.5. Drone Software Market, by Platform, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Drone Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Drone Software Market Dynamics
3.1. Drone Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Drone Software Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Drone Software Market, by Application
5.1. Market Snapshot
5.2. Global Drone Software Market by Application, Performance - Potential Analysis
5.3. Global Drone Software Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
5.4. Drone Software Market, Sub Segment Analysis
5.4.1. Control and Data Capture
5.4.2. Image Processing
5.4.3. Analytics

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The post Drone Software Market Size Insight Report 2021 to 2030 by , End Users and Regions with COVID-19 Impact Analysis Size, Opportunities, Growth Rate, Development Trend and Feasibility Studies appeared first on America News Hour.

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