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Europe Drone Simulator Market

2021

Aerospace and Defense Europe Drone Simulator Market Fore...

Europe 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025175 | No. of Pages: 116 | Category: Aerospace and Defense | Status: Published

Market Insights

Europe Drone Simulator Market to Grow at a CAGR of 14.0% to reach US$ 433.22 million from 2021 to 2028

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The drone simulator market in Europe is projected to reach US$ 433.22 million by 2028 from US$ 172.62 million in 2021; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.


France, Germany, Italy, UK, and Russia are major economies in Europe. Research and development witnessing investment rise for military simulation is the major factor driving the growth of the Europe drone simulator market. Governments across Europe are cutting military spending due to the dwindling financial resources owing to the COVID-19 outbreak. Many nations' military ministries are cutting training expenditures and downscaling their forces. As a result, the military's attention has shifted toward finding less expensive and more effective solutions to their needs. Real-time training is time-consuming and costly. Also, it necessitates a huge quantity of raw resources, such as gasoline and explosives, and consists of a high level of danger. Therefore, military ministries are increasingly preferring virtual training and simulation-based games that use technologies, such as big data, AI, and cloud computing. Military simulation and virtual training are becoming increasingly popular among military forces across the world because they are based on commercial-off-the-shelf (COTS) components, and they help minimize training expenses. The simulators are made at a minimal cost of development. The criteria are critical for the military to innovate massively in simulation-based training technology. Drone simulations are currently being used to train future soldiers and represent a real-time scenario using realistic digital settings. Hence, increased expenditures in simulation software drive the growth of the drone simulator market. In addition, several nations' defense ministries are restructuring and changing their militaries using new solutions, which is also bolstering the market growth.

In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of their strong healthcare systems. These countries have been investing significantly to make the diagnosis and treatment of the disease more effective and less time-consuming. According to the Centre for Strategic and International Studies (CSIS), military spending in in European countries is likely to decrease amid the global financial crisis caused by COVID-19. According to CSIS, France, the UK, and Germany pay for a substantial portion of Europe's overall military budget, and these countries are likely to bring down their military budget allocations in 2021 due to macroeconomic situations. For instance, Germany has proposed a cut in defense spending from US$ 20.3 billion in 2020 to US$ 18.7 billion in 2024, which is likely to stymie military modernization and other armament programs. As a result, the drone simulator industry in Europe is likely to struggle 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 Europe drone simulator market. The Europe drone simulator market is expected to grow at a good CAGR during the forecast period.

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Europe Drone Simulator Market Segmentation

Europe Drone Simulator Market – By Component

  • Hardware
  • Software

Europe Drone Simulator Market – By Simulator Type

  • Fixed
  • Portable

Europe Drone Simulator Market – By Drone Type

  • Fixed Wing
  • Rotary Wing

Europe Drone Simulator Market – By Technology

  • Augmented Reality
  • Virtual Reality

Europe Drone Simulator Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe 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. Europe 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. Europe Drone Simulator Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Various Military and Commercial Applications Adopting Drones

5.1.2 Research and Development Witnessing Investment Rise for Military Simulation

5.2 Market Restraints

5.2.1 Drone Simulator Systems Being Complex

5.3 Market Opportunities

5.3.1 Defence Expenditure Increasing

5.4 Future Trends

5.4.1 Rising Popularity of AI

5.5 Impact Analysis of Drivers and Restraints

6. Drone Simulator Market – Europe Analysis

6.1 Europe Drone Simulator Market Overview

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

7. Europe Drone Simulator Market Analysis – by Component

7.1 Overview

7.2 Europe 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. Europe Drone Simulator Market Analysis – By Simulator Type

8.1 Overview

8.2 Europe 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. Europe Drone Simulator Market Analysis – By Drone Type

9.1 Overview

9.2 Europe 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. Europe Drone Simulator Market Analysis – By Technology

10.1 Overview

10.2 Europe 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. Europe Drone Simulator Market – Country Analysis

11.1 Overview

11.1.1 Europe Drone Simulator Market Breakdown, by Country

11.1.1.1 UK Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.1.1 UK Drone Simulator Market Breakdown, By Component

11.1.1.1.2 UK Drone Simulator Market Breakdown, By Simulator Type

11.1.1.1.3 UK Drone Simulator Market Breakdown, By Drone Type

11.1.1.1.4 UK Drone Simulator Market Breakdown, By Technology

11.1.1.2 Germany Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.2.1 Germany Drone Simulator Market Breakdown, By Component

11.1.1.2.2 Germany Drone Simulator Market Breakdown, By Simulator Type

11.1.1.2.3 Germany Drone Simulator Market Breakdown, By Drone Type

11.1.1.2.4 Germany Drone Simulator Market Breakdown, By Technology

11.1.1.3 France Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.3.1 France Drone Simulator Market Breakdown, By Component

11.1.1.3.2 France Drone Simulator Market Breakdown, By Simulator Type

11.1.1.3.3 France Drone Simulator Market Breakdown, By Drone Type

11.1.1.3.4 France Drone Simulator Market Breakdown, By Technology

11.1.1.4 Italy Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.4.1 Italy Drone Simulator Market Breakdown, By Component

11.1.1.4.2 Italy Drone Simulator Market Breakdown, By Simulator Type

11.1.1.4.3 Italy Drone Simulator Market Breakdown, By Drone Type

11.1.1.4.4 Italy Drone Simulator Market Breakdown, By Technology

11.1.1.5 Russia Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.5.1 Russia Drone Simulator Market Breakdown, By Component

11.1.1.5.2 Russia Drone Simulator Market Breakdown, By Simulator Type

11.1.1.5.3 Russia Drone Simulator Market Breakdown, By Drone Type

11.1.1.5.4 Russia Drone Simulator Market Breakdown, By Technology

11.1.1.6 Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028

11.1.1.6.1 Rest of Europe Drone Simulator Market Breakdown, By Component

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

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

11.1.1.6.4 Rest of Europe Drone Simulator Market Breakdown, By Technology

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

12.1 Europe

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. Europe Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 27. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Drone Simulator Market Segmentation

Figure 2. Europe Drone Simulator Market Segmentation – By Country

Figure 3. Europe 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. Russia held Largest Market Share in 2020

Figure 8. Porter’s Five Forces Analysis

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 25. Europe Drone Simulator Market Breakdown, by Country, 2018 & 2027(%)

Figure 26. UK Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

Figure 27. Germany Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

Figure 28. France Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

Figure 29. Italy Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

Figure 30. Russia Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

Figure 31. Rest of Europe Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)

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

  1. CAE Inc.
  2. HAVELSAN A.S.
  3. Israel Aerospace Industries Ltd.
  4. L3Harris Technologies, Inc.
  5. Leonardo S.p.A.
  6. SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe drone simulator market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe drone simulator market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe 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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