Asia-Pacific Drone Simulator Market Developments and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

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)

Report Date : Oct 2021
Report Code : TIPRE00025174

Category : Aerospace and Defense
Status : Published

Available Report Formats :
No. of Pages : 116

Page Updated: Oct 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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

Asia-Pacific Drone Simulator Report Scope

Report Attribute	Details
Market size in 2021	US$ 123.93 Million
Market Size by 2028	US$ 346.18 Million
Global CAGR (2021 - 2028)	15.8%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Hardware Software By Simulator Type Fixed and Portable By Drone Type Fixed Wing and Rotary Wing By Technology Augmented Reality and Virtual Reality
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	CAE Inc. HAVELSAN A.S. Israel Aerospace Industries Ltd. L3Harris Technologies, Inc. Leonardo S.p.A. SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Asia-Pacific Drone Simulator Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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