Asia-Pacific Drone Simulator Market to Grow at a CAGR of 15.8% to reach US$ 346.18 million from 2021 to 2028

The drone simulator market in APAC is expected to reach US$ 346.18 million by 2028 from US$ 123.93 million in 2021; it is estimated to grow at a CAGR of 15.8% from 2021 to 2028.

Australia, China, India, Japan, and South Korea are major economies in APAC. Boost in defense spending is the major factor driving the growth of the APAC drone simulator market. Despite severe economic contractions caused by the COVID-19 pandemic and the series of lockdowns across many countries, expenditure on military and defense climbed dramatically from an average of 1.85% in 2019 to 2.08% in 2020 as military budgets were maintained. The growth of defense spending has accelerated since 2018, but it is anticipated to decline in 2021 as the APAC expenditure growth is slow. China have raised their defense budgets, accounting for almost two-thirds of the entire increase in spending in 2020. Furthermore, organizations are creating networks to encourage the use of drones, resulting in the growth of the drone simulator industry. The Thales Group and the State of North Dakota, for example, have agreed to build a statewide network of unmanned aircraft systems to carry out tasks outside visual line of sight (BVLOS). Thales will work with a group of companies based in North Dakota to ease system integration and offer technical support. As a result of increased military spending, the use of drones will rise, creating a profitable potential for drone simulator suppliers.

The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting military spending of Asian countries. Defense budgets have been drastically cut, resulting in a decrease in the need for drone simulator and other systems. Therefore, the COVID-19 pandemic is likely to continue to hinder the drone simulator market growth in APAC in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC drone simulator market. The APAC drone simulator market is expected to grow at a good CAGR during the forecast period.

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APAC Drone Simulator Market Segmentation

APAC Drone Simulator Market – By Component

Hardware
Software

APAC Drone Simulator Market – By Simulator Type

Fixed
Portable

APAC Drone Simulator Market – By Drone Type

Fixed Wing
Rotary Wing

APAC Drone Simulator Market – By Technology

Augmented Reality
Virtual Reality

APAC Drone Simulator Market, by Country

Australia
China
India
Japan
South Korea
Rest of APAC

APAC Drone Simulator Market - Companies Mentioned

CAE Inc.
HAVELSAN A.S.
Israel Aerospace Industries Ltd.
L3Harris Technologies, Inc.
Leonardo S.p.A.
SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Drone Simulator Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat of New Entrants

4.2.4 Threat of Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Drone Simulator Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Drones Being More Widely Used in Military and Commercial Applications

5.1.2 Boost in Military Simulation Research and Development Funds

5.2 Market Restraints

5.2.1 Worries About Drone Simulator Systems' Complexity

5.3 Market Opportunities

5.3.1 Boost in Defence Spending

5.4 Future Trends

5.4.1 AI Getting Popular

5.5 Impact Analysis of Drivers and Restraints

6. Drone Simulator Market – APAC Analysis

6.1 APAC Drone Simulator Market Overview

6.2 APAC Drone Simulator Market –Revenue and Forecast to 2028 (USD Million)

7. APAC Drone Simulator Market Analysis – by Component

7.1 Overview

7.2 APAC Drone Simulator Market Breakdown, By Component, 2020 and 2028

7.3 Hardware

7.3.1 Overview

7.3.2 Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)

7.4 Software

7.4.1 Overview

7.4.2 Software: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)

8. APAC Drone Simulator Market Analysis – By Simulator Type

8.1 Overview

8.2 APAC Drone Simulator Market, by Simulator Type (2020 and 2028)

8.3 Fixed

8.3.1 Overview

8.3.2 Fixed: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

8.4 Portable

8.4.1 Overview

8.4.2 Portable: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

9. APAC Drone Simulator Market Analysis – By Drone Type

9.1 Overview

9.2 APAC Drone Simulator Market, by Drone Type (2020 and 2028)

9.3 Fixed Wing

9.3.1 Overview

9.3.2 Fixed Wing: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

9.4 Rotary Wing

9.4.1 Overview

9.4.2 Rotary Wing: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

10. APAC Drone Simulator Market Analysis – By Technology

10.1 Overview

10.2 APAC Drone Simulator Market, by Technology (2020 and 2028)

10.3 Augmented Reality

10.3.1 Overview

10.3.2 Augmented Reality: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

10.4 Virtual Reality

10.4.1 Overview

10.4.2 Virtual Reality: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

11. APAC Drone Simulator Market – Country Analysis

11.1 Overview

11.1.1 APAC Drone Simulator Market Breakdown, by Country

11.1.1.1 China Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.1.1 China Drone Simulator Market Breakdown, By Component

11.1.1.1.2 China Drone Simulator Market Breakdown, By Simulator Type

11.1.1.1.3 China Drone Simulator Market Breakdown, By Drone Type

11.1.1.1.4 China Drone Simulator Market Breakdown, By Technology

11.1.1.2 Japan Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.2.1 Japan Drone Simulator Market Breakdown, By Component

11.1.1.2.2 Japan Drone Simulator Market Breakdown, By Simulator Type

11.1.1.2.3 Japan Drone Simulator Market Breakdown, By Drone Type

11.1.1.2.4 Japan Drone Simulator Market Breakdown, By Technology

11.1.1.3 India Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.3.1 India Drone Simulator Market Breakdown, By Component

11.1.1.3.2 India Drone Simulator Market Breakdown, By Simulator Type

11.1.1.3.3 India Drone Simulator Market Breakdown, By Drone Type

11.1.1.3.4 India Drone Simulator Market Breakdown, By Technology

11.1.1.4 South Korea Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.4.1 South Korea Drone Simulator Market Breakdown, By Component

11.1.1.4.2 South Korea Drone Simulator Market Breakdown, By Simulator Type

11.1.1.4.3 South Korea Drone Simulator Market Breakdown, By Drone Type

11.1.1.4.4 South Korea Drone Simulator Market Breakdown, By Technology

11.1.1.5 Australia Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.5.1 Australia Drone Simulator Market Breakdown, By Component

11.1.1.5.2 Australia Drone Simulator Market Breakdown, By Simulator Type

11.1.1.5.3 Australia Drone Simulator Market Breakdown, By Drone Type

11.1.1.5.4 Australia Drone Simulator Market Breakdown, By Technology

11.1.1.6 Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

11.1.1.6.1 Rest of APAC Drone Simulator Market Breakdown, By Component

11.1.1.6.2 Rest of APAC Drone Simulator Market Breakdown, By Simulator Type

11.1.1.6.3 Rest of APAC Drone Simulator Market Breakdown, By Drone Type

11.1.1.6.4 Rest of APAC Drone Simulator Market Breakdown, By Technology

12. Impact of COVID-19 Pandemic on APAC Drone Simulator Market

12.1 APAC

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

14. Company Profiles

14.1 L3Harris Technologies, Inc.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Israel Aerospace Industries Ltd.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Leonardo S.p.A.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 HAVELSAN A.S.

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 CAE Inc.

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. APAC Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)

Table 2. APAC Drone Simulator Market, Revenue and Forecast To 2028 – By Country (USD Mn)

Table 3. China Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 4. China Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 5. China Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 6. China Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 7. Japan Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 8. Japan Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 9. Japan Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 10. Japan Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 11. India Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 12. India Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 13. India Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 14. India Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 15. South Korea Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 16. South Korea Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 17. South Korea Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 18. South Korea Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 19. Australia Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 20. Australia Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 21. Australia Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 22. Australia Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 23. Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)

Table 24. Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)

Table 25. Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)

Table 26. Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)

Table 27. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Drone Simulator Market Segmentation

Figure 2. APAC Drone Simulator Market Segmentation – By Country

Figure 3. APAC Drone Simulator Market Overview

Figure 4. Hardware Segment is Expected to Dominate the Market by Component

Figure 5. Fixed Segment held Largest Market Share in 2020

Figure 6. Fixed Wing Segment held Largest Market Share in 2020

Figure 7. China held Largest Market Share in 2020

Figure 8. Porter’s Five Forces Analysis

Figure 9. Expert Opinion

Figure 10. APAC Drone Simulator Market: Impact Analysis of Drivers and Restraints

Figure 11. APAC Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)

Figure 12. APAC Drone Simulator Market Revenue Share, By Component (2020 and 2028)

Figure 13. APAC Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)

Figure 14. APAC Software: Drone Simulator Market Revenue and Forecast to 2028(US$ million)

Figure 15. APAC Drone Simulator Market Revenue Share, by Simulator Type (2020 and 2028)

Figure 16. APAC Fixed: Drone Simulator – Revenue and Forecast to 2028 (US$ million)

Figure 17. APAC Portable: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

Figure 18. APAC Drone Simulator Market Revenue Share, by Drone Type (2020 and 2028)

Figure 19. APAC Fixed Wing: Drone Simulator – Revenue and Forecast to 2028 (US$ million)

Figure 20. APAC Rotary Wing: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

Figure 21. APAC Drone Simulator Market Revenue Share, by Technology (2020 and 2028)

Figure 22. APAC Augmented Reality: Drone Simulator – Revenue and Forecast to 2028 (US$ million)

Figure 23. APAC Virtual Reality: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)

Figure 24. APAC Drone Simulator Market, by Key Country - Revenue (2020) (USD Mn)

Figure 25. APAC Drone Simulator Market Breakdown, by Country, 2020 & 2028 (%)

Figure 26. China Drone Simulator Market, Revenue and Forecast To 2028 (USD Mn)

Figure 27. Japan Drone Simulator Market, Revenue and Forecast To 2028 (USD Mn)

Figure 28. India Drone Simulator Market, Revenue and Forecast To 2028 (USD Mn)

Figure 29. South Korea Drone Simulator Market, Revenue and Forecast To 2028 (USD Mn)

Figure 30. Australia Drone Simulator Market, Revenue and Forecast To 2028 (USD Mn)

Figure 31. Rest of APAC Drone Simulator Market, Revenue and Forecast to 2028 (USD Mn)

Figure 32. Impact of COVID-19 Pandemic in APAC Country Markets

CAE Inc.
HAVELSAN A.S.
Israel Aerospace Industries Ltd.
L3Harris Technologies, Inc.
Leonardo S.p.A.
SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC drone simulator market
Highlights key business priorities in order to assist companies to realign their business strategies
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Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the drone simulator market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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Asia-Pacific Drone Simulator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Simulator Type (Fixed and Portable), Drone Type (Fixed Wing and Rotary Wing), and Technology (Augmented Reality and Virtual Reality)