According to the Market Statsville Group (MSG), the global drone mapping software market size is expected to grow from USD 5.7 billion in 2022 to USD 30.6 billion by 2033, at a CAGR of 16.5% from 2023 to 2033. The rapid deployment of drones for commercial and military applications is expected to fuel the global drone mapping software market's growth. Unmanned aerial vehicles are being used commercially to take excellent photos and videos in industries such as media, infrastructure, security, entertainment, and military. The broader advancement in technology is offering well-equipped sensors on board, as well as data and analytics systems. These alliances have created numerous opportunities for the agriculture, energy and power, logistics, and transportation sectors. Due to the complexities of image processing, the UAV software is embedding with machine learning and other advanced technologies to address the growing marketing demand over the forecast period.
Drones are unmanned aircraft made of composite materials that are controlled by a surface controller for a variety of purposes. The drones are outfitted with a variety of technologies, including GPS, infrared cameras, and lasers. The ground cockpit refers to the remote ground control systems. When flying a quadcopter, the drone mapping software offers additional functions. The software can aid in improving the control of the drone not only during flight but also when taking images and videos. Nowadays, super advanced software provides value-added experience to drones. Sensor data is collected by the software in a variety of formats.
The drone mapping software market is seemingly witnessing growth in COVID-19 across the globe. Amidst the pandemic, the need for hospital construction has arisen. While planning the construction of hospitals and critical care facilities drones are used for surveying areas. For instance: in China, the country has made use of satellite technology to survey areas to construct the hospital efficiently and with minimal human involvement. Several market players suspended their operations and rather faced a decline in the number of staff count due to the spread of COVID-19 in the staff. Where the use of a drone has significantly fulfilled the requirement of manual work and helps in maintaining distance during COVID-19. Further the drone are the cost effective option for various industries, this significantly driven the revenue generation of the market players operating amidst the pandemic.
The global surge in preference for remote patient monitoring (RPM) for chronic disease With the massive growth of the Internet of Things (IoT), and the Industrial Internet of Things (IIoT), the drones play an important role, especially where it is expensive, dangerous or impossible for humans to travel. In such a scenario, drones can often make the trip faster or accomplish a task more efficiently and with less risk, thereby driving the growth of the drones mapping software market. The use of IoT-based applications in drones has offered a wide range of additional features and functionality to support their intended uses. For instance: Radios and GPS for location information and data transfer, video and still cameras for recording positioning of objects and enable proper survey of the area. Additionally, the implementation of light, heat and temperature sensors for locating living beings, monitoring weather systems and also help to illuminate areas that have been designated for construction activities.
The presence of stringent norms regarding the usage of drones is the factor hampering the growth of the market over the forecast years. The drones for mapping and survey are comprising of various important information about customer such address, location, and route etc. along with comprises of the camera which camera recording and collecting other data through the survey and mapping. Thus, stringent norms regarding privacy & data protection issues and regulatory concerns regarding traffic and motorized vehicle laws are needed to be complied with by the organizations which are hampering the growth of the market over the forecast years. For instance: in 2016, the European Commission, the European Parliament, and the Council of the European Union approved the General Data Protection Regulation (GDPR), which entered into force on 25 May 2018. GDPR framed regulation for the protection of data of customers uploaded or collected while surveying and mapping the areas.
Over the last several years, the use of virtual reality (VR), and artificial intelligence (AI) technology are rising at a significant pace in every industry. Gradually, the construction, agricultural and other industries are employing more efficient, automated processes that integrate data-driven decisions and utilize analytics tools. The emergence of an automated process to advanced functionality further integrates AI and machine learning technology. Employing this technology, introduce the speed advantage, a performance advantage, new features, new insights, astonishing and further introduces feasibility of every application sector. The utilization of AI, ML, IoT and VR in drone mapping software delivers greater productivity in construction, agriculture and other industries, creating a lucrative growth opportunity for the drone mapping software market.
The study categorizes the drone mapping software market based on application and type area at the regional and global levels.
By application, segments are divides into two parts such as construction, agriculture, mining, and others. Construction segment is expected to dominate the market in 2021. The majority of commercial construction sites are typical locations for subsequent retail facilities, warehouses, commercial real estate, manufacturing plants, and business offices, among other things. By using drone mapping to monitor site progress, engineering firms can now help identifying unforeseen hazards and plan more effectively. Further, the growing construction sector across the globe along with the rise in government investment in smart construction industries has fostered the market’s growth.
Based on the regions, the global drone mapping software market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. North America is expected to witness the highest market share in 2022. This region's dominance can be attributed to the growing number of companies offering software development solutions for construction and agricultural applications that improve efficiency and operational capabilities. Further, the presence of commercial unmanned aerial vehicle manufacturers in the United States and Canada, is responsible for North America's market dominance.
The drone mapping software market has a significant competitor and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
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