Drone Simulator Market is expected to reach US$ 1,435.14 million by 2028

Growing Adoption of Drones in Military and Commercial Applications to Provide Growth Opportunities for Drone Simulator Market during 2021–2028

According to our latest market study on “Drone Simulator Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Simulator Type, Drone Type, and Technology,” the market is expected to grow from US$ 615.66 million in 2021 to US$ 1,435.14 million by 2028; it is expected to grow at a CAGR of 12.9% from 2021 to 2028.

The growing demand for drones for commercial and military applications is providing new growth opportunities for the drone simulator market participants. Increasing R&D efforts in the realm of military simulation, rising defense spending in emerging nations, and the surging need for skilled pilots are contributing to the market growth. Several contracts have been inked to help the sector expand. CAE and General Atomics Aeronautical Systems Inc., for example, obtained a contract with the Italian air force in 2015 to build a Predator unmanned drone system simulator.

In addition, the emergence of a drone-handling community and nonprofit organizations is driving the growth of the drone simulator market. For instance, the Association for Unmanned Vehicle Systems International (AUVSI), the world's biggest nonprofit organization committed to the promotion of unmanned systems and robotics, represents businesses and people working in the industry, government, and academia from more than 60 nations. Members of AUVSI operate in the defense, civic, and commercial sectors. AUVSI also provides its membership to all sorts of unmanned systems and robotics firms and people supporting the sector.

Based on component, the drone simulator market is bifurcated into hardware and software. In 2020, the hardware segment held a larger market share. Based on simulator type, the market is bifurcated into fixed and portable. By drone type, the drone simulator market is bifurcated into fixed wing and rotary wing. Based on technology, the market is bifurcated into augmented reality and virtual reality.

Impact of COVID-19 Pandemic on Drone Simulator Market

The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of mechanical and electrical equipments, including the hardware component of drone simulator. The emergence of outbreak across the world, followed by lockdown scenarios, has led the industry experts to analyze that the industry would face at least a quarter of lag in mechanical equipment supply chain. The COVID-19 outbreak has led governments to impose several limitations on industrial, commercial, and public activities across the world to control the spread of infection. Therefore, the drone manufacturers and drone MRO service providers witnessed a significant loss during the pandemic. The drone manufacturer’s production volume decreased drastically, thereby hindering the adoption rate of different simulation solutions. This disruption is expected to create tremors till the end of 2021. The mechanical equipment and aerospace & defense industries are likely to pick up pace soon after the governments across the world lift the various containment measures steadily to revive the economy. The manufacturing plants and industries are anticipated to gain pace from 2022, which would positively influence the demand for drone simulators, including hardware components of drone simulator.

Aegis Technologies, CAE Inc, General Atomics, Havelsan AS, Israel Aerospace Industries Ltd, L3 Link Training & Simulation, Leonardo SpA, Sikan Nutzfahrzeuge GmbH, Simlat Uas Simulation, Singapore Technologies Electronics Limited, and Zen Technologies Limited are a few major companies operating in the drone simulator market.

Drone Simulator Market — by Geography, 2020 and 2028 (%)

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Drone Simulator Market Trends, Industry Growth, Outlook By 2028

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Drone Simulator Market Forecast to 2028 - COVID-19 Impact and Global 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)