According to the report by researchandmarkets.com, the global UAV software market was valued at USD 3.48 billion in 2021. The market is expected to grow at a CAG4 of 5% during the forecast period 2022 to 2030.
The North America market was valued at USD 1.05 billion in 2021, making it the largest regional segment in the global drone software market. North America is expected to remain the largest market, worth USD 1.73 billion, by 2029.
When studying the regional competitive map, Asia Pacific is expected to be the fastest growing segment, registering a CAGR of 6.3% during the forecast period. This is due to the presence of countries such as China, Japan, India and South Korea in the Asia-Pacific region.
Today, UAVs are used in a wide variety of fields including agriculture, energy, logistics, defense, homeland security, construction, surveillance, real estate, and media creation. The use of unmanned aerial system technology is only expected to grow due to its variety of applications. The UAV consists of two parts, hardware and software. The uninterrupted operation is largely thanks to installed software that safely guides the drone on its path and provides information on where to go and when to react.
Cloud-based software is now accessible, enabling drones to expand their range of uses. Users can control and manage drone operations with a single click using the drone with cloud-based software. Pre-planned, recurring tasks are sent on-demand or through the flight scheduling system.
Users can engage with real-time and processed data in order to extract insights and improve the decision-making process. Storage volumetric measurement, identifying and counting individuals or objects, and security applications such as detecting breaches and movement are a few examples of drone software applications.
Increased investment by the defense sector in military modernization programs and increased use of drones in commercial, civilian, and other applications is another factor expected to spur economic growth in the Asia-Pacific region.
Market analysis of architecture segment shows that open source architecture accounts for about 66% of the market value generated by the global UAV software market. It is also the fastest growing segment, registering a CAGR of 6.6% during the forecast period 2022 to 2030. The interface market for drone software is another supply segment in this segment.
Android and Windows are expected to be the fastest growing segments of this market with a CAGR of 5.99% each. Increasing usage of UAVs in various applications including commercial applications is expected to drive the growth momentum.