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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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