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Increasing demand for drones from the military and commercial sectors is one of the key factors driving the drone simulator market
The drone simulator market is projected to grow from an estimated USD 376.9 million in 2017 to USD 764.7 million by 2022, at a CAGR of 15.20% from 2017 to 2022. The growing demand for drones in the commercial and military markets has increased the requirement of skilled pilots, which, in turn, is expected to drive the drone simulator market. However, the complexity associated with drones, in terms of simulating new technologies and payloads, is restraining the market's growth.
On the other hand, the growing affordability of simulated training is expected to increase the demand for drone simulators. Training with actual drones can be expensive and prone to accidents. Hence, virtual training can be beneficial to pilots to avert such risks.
The software segment is expected to lead the drone simulator market during the forecast period
By component, the software segment is projected to lead the drone simulator market from 2017 to 2022. Software includes programs that are used for carrying out different operations in a drone simulator. Drone software recreates reallife scenario with a set of mathematical formulas. Therefore, the increasing complexity in simulating various scenarios is boosting the software segment's growth.
The North American region is estimated to lead the drone simulator market during the forecast period
The North American region is the largest market for drone simulator due to the presence of various prominent players offering drone simulators. Another factor that contributes to the growth of the North American drone simulator market is the increasing adoption of drone simulators for defense and commercial applications. In the commercial sector, the demand for drone simulation emanates from various industries, such as agriculture, infrastructure, and media entertainment.
The breakup of profiles of primary participants in the drone simulator market is as follows:
By Company Type Tier 1 35%, Tier 2 45%, and Tier 3 20%
By Designation C level 35%, Director level 25%, and Others 40%
By Region North America 26%, Europe 30%, AsiaPacific 22%, South America 13%, and Middle East Africa 9%
Major companies profiled in the report include CAE Inc. Canada, L3 Link Simulation Training UK, Israel Aerospace Industries Israel, Leonardo S.p.A. Italy, Simlat UAS ISR Training Solutions Israel, and Havelsan A.S. Turkey.
This research report categorizes the drone simulator market on the basis of system, component, platform, drone type, and device type. It studies the drone simulator market in North America, Europe, AsiaPacific, and Rest of the World RoW. Apart from market segmentation, the report also covers market dynamics, such as drivers, restraints, opportunities, and challenges impacting the growth of the drone simulator market.
Reasons to Buy This Report:
From an insight perspective, this research report focuses on various levels of analyses industry analysis industry trends, market share analysis of the top players, company profiles, emerging and highgrowth segments of the drone simulator market, highgrowth regions, and drivers, restraints, opportunities, and challenges influencing the growth of the drone simulator market.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on thermoelectric generators offered by the top players operating in the drone simulator market.
Product Development/Innovation: Detailed insights on the upcoming technologies, research development activities, and new product launches in the drone simulator market.
Market Development: Comprehensive information about lucrative markets for drone simulators across different regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the drone simulator market.
Competitive Assessment: Indepth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the drone simulator market.
Original Article: Drone Simulator Market by Platform Commercial, Military, Component Software, Hardware, Device Type Augmented Reality, Virtual Reality, Drone Type Fixed Wing, Quadcopter, Helicopter, System, and Region Global Forecast to 2022 [Updated: 20062017] Prices frNEXT ARTICLE