USD 612.70 Million
Report ID: SQSG20A2008 | Region: Global | Published Date: November, 2022 | Pages: 165
The Global Drone Simulator Market Size was valued at USD 612.70 Million in 2021, and it is expected to reach a value of USD 1450.39 Million by 2028, at a CAGR of 13.10% over the forecast period (2022 - 2028).
Drone simulators are intended to simulate the operation of a real-world system or process related to drone flight training. It is a program that allows drone pilots to practice on a computer without running the risk of damaging a real model. Drone payload system advancements and the growing capabilities of drone technology would necessitate highly advanced simulation systems. Significant investments have been made in the development of artificial intelligence, which will result in the Drone Simulator Market expanding rapidly during the forecast period.
Global Market Size
USD 612.70 Million
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The Global Drone Simulator Market is segmented on the basis of component, simulator type, drone type, technology and region. Based on component, the Drone Simulator Market is segmented into hardware and software. Based on simulator type, the Drone Simulator Market is segmented into fixed and portable. Based on drone type, the Drone Simulator Market is segmented into fixed wing and rotary wing. Based on technology, the Drone Simulator Market is segmented into augmented reality and virtual reality. Based on region, the global drone simulator market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Component
In 2021, the hardware segment dominated the global drone simulator market. Simulator technology is a replica of an actual UAV-based training system used by commercial pilots and special forces commanders from around the world. The simulator is made up of numerous components, parts, electronic chips, a monitor, radar, communication intelligence, and other components. These components were created to give the pilot a real-time experience. Sensor, GPS, and navigation advancements are improving simulator systems by allowing them to create accurate real-world environments.
Analysis by Drone Type
In 2022, the fixed-wing segment is anticipated to dominate the global drone simulator market. Fixed-wing drones are widely used in military and defense operations by armed forces all over the world. Several military-based missions are carried out in various terrains and altitudes, particularly in long-distance endurances. Furthermore, the superior structural benefits of carrying out long-distance surveillance operations are fueling the segment's demand. Because of the increased use of quadcopters and multicopters in recent years, the rotary-wing segment is expected to grow rapidly in the coming years. These are lightweight load carriers that are used for spying, logistics, aerial photography, videography, and transportation around the world.
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In 2021, North America led the drone simulator market because of the presence of several drone companies, manufacturers, and software companies in the United States and Canada. The United States Army is concentrating on extensive R&D and advancements in drone technology. During the forecast period, these factors are expected to fuel regional growth. Due to increased demand for unmanned systems in military, civil, and commercial applications in major EU economies, the market in Europe is expected to grow at a moderate CAGR. Due to rising military spending in various countries, the Asia Pacific market is expected to grow rapidly.
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The Drone Simulator Market is highly competitive, with the existence of numerous major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve Drone Simulator Market share and profitability. Some of the major players in the Drone Simulator Market are Northrop Grumman Corporation, CAE Inc., L3 Harris Technology, Zen Technology, SILKAN, General Atomics Aeronautical Systems Inc, and Leonardo S.P.A., among others.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, demand for drone simulators will be driven by commercial applications such as air logistics, aerial photography, medicine delivery, food delivery, surveillance, and military operations. Drone integration has begun in most air traffic management systems for a variety of commercial, civil, military, and defense operations.
|Market size value in 2021||USD 612.70 Million|
|Market size value in 2028||USD 1450.39 Million|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Drone Simulator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Drone Simulator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Drone Simulator Market:
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Product ID: SQSG20A2008