Published On : 01 Aug 2018
The global market for drone software is expected to attract increasing demand over the forthcoming years, majorly due to the use of drones across multiple industries. As the name suggests, drone software is the computerized programming of the drone that helps in manoeuvring the drone according to the needs of the user. Drones were initially used for advanced operations in the defense and aerospace sector, but have now pervaded across several other industries. This has given a major boost to the demand within the global market for drone software and has created growth gaps for the market vendors. As the uses of drones become evident across several new and old industries, the market for drone software is expected to touch unprecedented heights in the years to come. The manufacturers of drones have made ardent efforts to offer custom drones for a range of industries. This is expected to give a wide ground for growth to the global market for drone software.
This article by QY Research is a representation of the various forces of demand and supply that currently operate in the global drone software market. The article factors out the key dynamics that have driven demand within the global drone software market.
1. Use of Drones in Multiple Industries
The constructions industry is at the forefront with regards to the usage of drones for a variety of procedures including site inspection, loading, and landscape analysis. The sheer volume of the operations in the constructions industry has given a boost to the demand within the global market for drone software. Furthermore, the government has also begun using drones for planning and strategizing its real estate projects, thus, escalating demand within the market. Drones are often used in unmanned areas of production units to monitor the functioning of machinery. Besides this, the photography industry has also emerged as an ardent consumer of drones, which has further escalated demand within the global market for drone software.
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2. North America to Lead Other Regional Segments
The demand for drone software has been increasing in the US and Canada, and this has given an impetus to the growth of the market in North America. Furthermore, the entertainment industry in North America has been flourishing, and this necessitates the need for live broadcast of events. Since drones are extensively used to cover live events, the market for drone software in North America is projected to uncover new opportunities in the years to come.
3. Strategies of Market Players
The strongholds of the large market players in the global drone software market have created obstacles to the growth of the smaller players. Hence, the latter have resorted to the formation of strategic alliances in order to sustain themselves in the global market. Some of the key players in the global drone software market are 3D Robotics, Precisionhawk Inc., and Droneploy Inc.
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