Date: Feb 2023
Drone Mapping Software Market worth USD 30.6 billion by 2033
The Market Statsville Group (MSG) publishes the new report on the "Drone Mapping Software Market By Type, by Application (Construction, Agriculture, Mining, and Others), By Region – Global Share and Forecast to 2033
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.
Globally, rising population and rapid urbanization are driving demand for civil infrastructure. Furthermore, smart cities are growing in popularity worldwide because they provide an extensive digital environment. This digital environment is improving urban system security and efficiency. To build a successful smart city, there is a need for a digital system like mapping that can visualize and manage geospatial data in a user-friendly environment. Furthermore, technological advancements are one of the major strategic moves that market players are employing in order to gain a large consumer base. Market participants are increasing their focus on launching new and technologically advanced services to customers through significant R&D investments.
Drones with long-range can offer medical purposes in remote parts of the world. Zipline, a Silicon Valley startup, transports blood and vaccines to African countries that lack infrastructure. Flying is more efficient than driving in these areas and can be an important alternative for even more expensive solutions such as helicopters. Drones are also viewed as the future of consumer good's last-mile delivery because they reduce cost per delivery and delivery time. Drones are especially useful for inspecting hard-to-reach areas at high altitudes or in contaminated environments. Drones, for example, are already revolutionizing telecommunication tower inspection, in which a drone can perform monitoring tasks at a fraction of the traditional cost and time.
Global Drone Mapping Software Market Segmentation
The overall drone mapping software market has been segmented into type, application, and region.
- By Type (Open Source and Closed Source)
- By Application (Construction, Agriculture, Mining and Others)
- By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Agriculture segment is at the highest CAGR during the forecast period
By application, segments are divided into parts such as construction, agriculture, mining, and others. The agriculture segment is expected to grow at the highest CAGR during the forecast period. To create maps, drones can perform 3D mapping, site surveying, and photogrammetry. Drones provide bird's-eye views that allow surveyors to map out areas more effectively than they could on foot. Drones with this capability are already influencing the operations of agriculture. Farmers in agriculture can better understand what crops look like, allowing them to make data-driven analysis to make efficient decisions to increase yield. Drones can feed data into a farmer's tractor, making it easier to identify which areas of corn need more nitrogen and enabling the farmer to act quickly.
Asia Pacific to account for the highest CAGR during the forecast period
Asia Pacific is predicted to develop at the fastest CAGR during the forecast period. This region's dominance can be attributed to the rapid infrastructural development and the growing population, which lead to the high demand for agricultural activities in the region. Farmers are turning to agricultural drones to increase agricultural productivity as technology advances. They are one of the most recent and efficient agricultural tools, assisting farmers in various tasks ranging from crop analysis and planning to crop planting and subsequent field monitoring to determine crop health and growth. Furthermore, rising investments by established players, combined with favorable regional government policies, are expected to enable large and small operations to aid in effective farming practices.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the drone mapping software market. It also consists of the profiles of leading companies such as 3Dsurvey, 3D Robotics, Dreamhammer Inc., Drone Volt, Dronedeploy Inc., Airware, Inc., Pix4D, Precisionhawk Inc., Sensefly Ltd., and AIUT. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.
About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.
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