The Drone Simulator Market is estimated to register a CAGR of 5% from 2019 to 2023.
Drone stimulators are specifically designed to create an imitation of the operation of a real-world system related to drone flight training. It allows the drone pilots to practice by using a computer system without damaging a real model. Drones have emerged as one of the most promising and dynamic sectors over the past few years, and the entire industry sales are estimated to create huge opportunities for drone stimulator software.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.
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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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.
Drivers and Constraints Impacting the Market:
With the increasing need for military and commercial applications, the demand for drone stimulator is likely to trigger during the assessment period. Apart from defense, drones are gaining pace in the personal as well as commercial sectors. The demand for drones has increased across applications such as photography, surveillance, sports, and delivery. This has accelerated the need for related flight training, thus impacting the drone stimulator market positively. Also, drone stimulators are easy to install onto one’s computers. This has further augmented the adoption of such software during the assessment period. Training can be controlled using gears such as mouse or joysticks, and keyboards, making drone stimulator cost-effective and convenient at the same time.
On the flip side, maintenance cost coupled with complexities associated with manufacturing drones are some of the major constraints of the market across the globe.
Global Drone Simulator Market Segmental Analysis:
The global drone simulator market has been segmented on the basis of drone type, device type, component, end-user, technology, and region.
By mode of component, the global drone simulator market has been segmented into hardware and software. Among these, the software segment is projected to lead the drone simulator market. Software comprises programs used for carrying out various operations in a drone simulator. The increasing complexity in simulating different scenarios is boosting the software segment growth.
By mode of device type, the global drone simulator market has been segmented into portable and fixed.
By mode of drone type, the global drone simulator market has been segmented into multi-rotor and fixed-wing.
By mode of technology, the global drone simulator market has been segmented into virtual reality and augmented reality. Among these, the augmented reality segment is projected to expand at the highest CAGR owing to the growing demand in the commercial and military markets.
By mode of end-user, the global drone simulator market has been segmented into military and commercial. Among these, the commercial segment is projected to grow at the highest CAGR owing to the rising demand for drones in several industries, such as monitoring and inspection, and agriculture and construction applications.
Geographically, the drone stimulator market span across regions namely, Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Among all the regions, North America is anticipated to hold the largest market share owing to the high adoption of drone stimulators in Canada and the US regions. Also, the presence of various prominent players offering drone simulators is anticipated to influence the market growth over the years. Moreover, the growing adoption of drone simulators for defense and commercial applications is considered to augment the market growth in this region.
The European region is anticipated to be the second-largest market owing to the high adoption of drone stimulators for gaming applications.
October 21, 2018: Elouan Jorrand from France has recently developed an online simulation of the drone racing track. It will be used at the first FAI World Drone Racing Championships in Shenzhen, China. The drone has been developed so that the pilots can train on it before the real race.
Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Type
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued. . .
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List of Tables:
Table 1 Drone Simulator Market, by Region, 2016–2023
Table 2 North America: Drone Simulators Market, by Country, 2016–2023
Table 3 Europe: Drone Simulators Market, by Country, 2016–2023
Table 4 Asia-Pacific: Drone Simulators Market, by Country, 2016–2023
Table 5 Middle East & Africa: Drone Simulators Market, by Country, 2016–2023
Continued. . .
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