A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Drone Software – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: May 2021
Executive Pool: 912
Companies: 29 – Players covered include 3D Robotics, Inc. (3DR); Airware; Dreamhammer Products LLC; Drone Volt; DroneDeploy, Inc.; Esri; Pix4D S.A; Precisionhawk Inc.; senseFly SA; Skyward IO, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Control & Data Capture, Image Processing, Analytics); Architecture (Open Source, Closed Source); Offering (Desktop Software, App-Based Software)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Drone Software Market to Reach $21.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Drone Software estimated at US$5.7 Billion in the year 2020, is projected to reach a revised size of US$21.9 Billion by 2026, growing at a CAGR of 24.7% over the analysis period. Open Source, one of the segments analyzed in the report, is projected to record a 25.5% CAGR and reach US$22.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Closed Source segment is readjusted to a revised 20.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.2 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026
The Drone Software market in the U.S. is estimated at US$2.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2026 trailing a CAGR of 24% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.9% and 21.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 17.3% CAGR. More
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