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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
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. 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
- 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.
Trends and growth analysis reports related to Europe Drone Simulator Market
Oct 2021
Oct 2021
Advanced Air Mobility Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software), Operation Mode (Piloted, Autonomous), Propulsion Type (Fully Electric, Hybrid), End Use (Passenger, Cargo)
Oct 2021
Airport Fueling Equipment Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Tanker Capacity (Below 5,000 Liters; 5,000–20,000 Liters; and Above 20,000 Liters), Aircraft Type (Civil Aircraft and Military Aircraft), and Power Source (Electric and Non-Electric)
Oct 2021
Satellite Optical Ground Station Market
Forecast to 2028 - Global Analysis by Operation (Laser Satcom and Optical Operations), Equipment (Consumer Equipment and Network Equipment), Application (Laser Operations, Debris Identification, Earth Observation, and Space Situational Awareness), and End User (Government and Military and Commercial Enterprises)
Oct 2021
Electro-Optics in Naval Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology (Camera, Sensor, and Laser Range Finder), Application (Target Detection, Identification, and Tracking; Surveillance; Fire Control; and Others), and End Use (Defense and Commercial)
Oct 2021
Commercial Air Traffic Management Market
Forecast to 2030 - COVID-19 Impact and Global Analysis By Type (Air Traffic Services, Air Traffic Flow Management, and Airspace Management), Component (Hardware and Software), Application (Communication, Navigation, Surveillance, Traffic Control, and Others), and Airport Class (Class I, Class II, Class III, and Class IV)