Virtual Reality Segment to Dominate MEA Drone Simulator Market during 2020–2028
According to The Insight Partners market research study on “MEA Drone Simulator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Simulator Type, Drone, Type, and Technology” is expected to reach US$ 80.62 million by 2028 from 43.69 US$ million in 2021. The market is estimated to grow at a CAGR of 9.1% from 2021 to 2028. The report provides trends prevailing in the MEA drone simulator market along with the drivers and restraints pertaining to the market growth. Wide deployment of AI is the major factor driving the growth of the MEA drone simulator market. However, issues associated with sophisticated design of drones hinders the growth of MEA drone simulator market.
MEA drone simulator market is segmented into component, simulator type, drone type, technology, and country. Based on component, the MEA drone simulator market is bifurcated into hardware and software. Hardware segment held the largest market share in 2020. Based on simulator type, the MEA drone simulator market is bifurcated into fixed and portable. Fixed segment held the largest market share in 2020. Based on drone type, MEA drone simulator market is bifurcated into fixed wing and rotary wing. Fixed wing segment held the largest market share in 2020. Similarly based on technology the MEA drone simulator market is bifurcated into augmented reality and virtual reality. Virtual reality segment held the largest market share in 2020. Based on country, the MEA drone simulator market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. UAE held the largest market share in 2020.
The MEA drone simulator market is majorly affected by disruptions in supply chains during the COVID-19 pandemic. This is mainly ascribed to the closed borders of countries. Further, the demand for drones decreased in 2020 in the MEA countries. This has resulted in the loss of businesses of drone simulator manufacturers offering their products to end users in the MEA. Moreover, the demand for advanced drone components, including various types of portable drone simulator for military drone fleet and commercial aviation fleet among the drone manufacturers, military forces, and MRO service providers, decreased significantly in 2020.
CAE Inc.; HAVELSAN A.S.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Leonardo S.p.A.; SIMLAT UAS SIMULATION; and SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED are among the leading companies in the MEA drone simulator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Turkish Airlines, had signed an agreement with Havelsan who produced the first domestic simulator to be used in pilot training for the Boeing 737NG previously, continues its support for the further expansion of Turkey’s domestic and national production concept.