Drone Simulator Market expected to reach $764.7 Million by 2022

 


(I-BusinessNews.Com, August 11, 2021 ) The report “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″, 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 increasing use of drones for commercial and military applications has led to increased demand for drone pilots across the globe, thereby fueling the growth of the drone simulator market.

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This research study involved the extensive usage of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information on the drone simulator market. Primary sources included experts from core and related industries, and preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the industry’s value chain. All primary sources have been interviewed to obtain and verify critical qualitative and quantitative information as well as assess prospects for the growth of the drone simulator market during the period under consideration.

The drone simulator market has been segmented on the basis of component, device type, drone type, platform, system, and region. Based on platform, the market has been segmented into commercial and military. The military segment is projected to lead the market owing to the affordability of drone simulators for training of military pilots and operators, as compared to live training using real drones.

Based on device type, the drone simulator market has been segmented into augmented reality and virtual reality. The augmented reality segment is projected to grow at the highest CAGR during the forecast period. This anticipated high growth is due to the increasing adoption of augmented reality drone simulators in military applications which offer a better training experience to pilots by using the real world environment.

The drone simulator market has been studied for North America, Europe, Asia-Pacific, and Rest of the World (RoW). The North American region is estimated to be the largest market for drone simulator in 2017. Countries in this region, such as the US and Canada, are witnessing an increase in the adoption of simulators in the drone industry. The market in the European and Asia-Pacific regions is also expected to witness a high growth due to the rising use of drone simulators for gaming applications, such as drone racing.

Key Market Players

Major companies profiled in the report include CAE Inc. (Canada), Israel Aerospace Industries Ltd. (Israel), L-3 Link Simulation & Training (US), Leonardo S.p.A. (Italy), and Zen Technologies Ltd. (India), among others. Acquisitions and new product launches were the key strategies adopted by the leading players in the drone simulator market from 2012 to 2017. These strategies have enabled companies to strengthen their position in the market.

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