DALLAS, Texas, Sept. 29, 2022 (GLOBE NEWSWIRE) — During this historic time, a growing number of drone manufacturers have faced revenue challenges. Drone Mapping Software Market Demand was negatively impacted by an increase in their maintenance costs. In addition, the epidemic caused a severe financial and economic crisis in the various countries, which in turn caused the GDP of major economies such as the United States, the United Kingdom, China, France, India, Germany and others to fall. Investments in the aerospace and defense sector declined in 2020. Aerospace and defense spending was cut, making the expansion of the market even more problematic. Lockdowns resulted in the closure of several manufacturing facilities, including those making drones, which negatively impacted demand for them during the epidemic. The global drone mapping software market is valued at US$5.99 billion in 2021 and is projected to reach US$21.96 billion in 2031, registering a CAGR of 14.08% during the forecast period.

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Unmanned Aerial Vehicles (UAVs), which have been gaining popularity lately, offer a wide range of applications in both business and civilian settings for drone mapping software. The increasing preference for business purposes is expected to boost UAV demand during the forecast timeframe. Drones are typically considered sophisticated tools when used to capture high-resolution aerial photos and videos. Drone mapping software is commonly used for applications in analysis, image processing and surveying, one such product that benefits.

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