Drone Simulator Market Scenario Highlighting Major Drivers and Trends, 2018 – 2023 | Top Companies are Havelsan A.S., Leonardo S.p.A, General Atomics, Aegis Technologies and Others

Market Insights:

Drone simulators create an imitation environment for the operation of real-world drone systems. Essentially associated with drone flight training, it allows aspiring drone pilots the ability to practice drone flight without the risk and expense of a real drone. Market Research Future has determined that the market is expected witness growth at a CAGR of more than 5% during the forecast period from 2018 to 2023.

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Technological advancements in the drone's systems have led to the introduction and use of highly sophisticated and advanced drones that have growing capabilities. As such, drones are rapidly becoming nuanced assets which may not be easy to control, thus driving the need for drone simulator.

Highly advanced simulation systems are required for advanced drone models, and the high demand for the same is expected to be a key driver of market growth over the forecast period. Drones are finding applications across a number of industry verticals including construction, mining, oil & gas, aviation, construction, telecom, and logistics. The growing use of drones is primarily supported by the benefits and advantages they provide in terms of efficiency when compared to traditional methods.

As a result, the demand for drone simulators has also grown and will continue to do so over the review period. Rapid advances in technology have improved the capability of drones, with different types of models available for different capabilities. Drones have the ability to detect corrosion, leaks and other problems in oil & gas rigs. The increased demand for drones in both commercial and military applications will likely offer the market opportunities.

New opportunities will likely come in the form of types of drone simulators and advancement in existing simulators to remain consistent with the growth of complex drones. Increasing R&D activities and defense expenditure is expected to aid the market's growth during the upcoming forecast period.

Market Segmentation:

The global drone simulator market has been segmented on the basis of component, device type, drone type, technology, end-user, and region. Component has been segmented primarily into hardware and software. The software segment dominates the market with the largest share of the market.

Device type has been segmented into fixed, and portable.

Drone type has been segmented to include fixed-wing and multi-rotor.

Technology has been segmented into augmented reality and virtual reality. Augmented reality is the segment with the highest growth over the assessment period.

End-users have been segmented to include commercial and military. The military segment is expected to grow rapidly due to the high demand for drone simulators for the training of military pilots and operators.

Regional Analysis:

North America was found to be the most significant regional market due to the presence of the U.S and Canada where drone simulators have a high adoption rate. The U.S has high military spending which is driving the drone simulator in military applications in the region. Europe follows North America in terms of market size due to the rising use of drone simulators in gaming applications in the region. There are several leading market players present in both North America and Europe who are investing in the advancements of drones. This has directly impacted the development of drone simulators to keep on par with the development happening in the drone market.

Key Players:

MRFR's competitive analysis of the market has been done by identifying leading market players in the global drone simulator market. These players include CAE Inc. (Canada), Singapore Technologies Electronics Limited (Singapore), Havelsan A.S. (Turkey), Zen Technologies Limited (India), Sikan Nutzfahrzeuge GmbH (Germany), L3 Link Training & Simulation (UK), General Atomics (US), Simlat Uas Simulation (Israel), Aegis Technologies (US), Leonardo S.p.A (Italy), and Israel Aerospace Industries Ltd (Israel).

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This release was published on openPR.