The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. Rising usage of drones in military and commercial purposes is the major factor driving the growth of the North America drone simulator market. Since more than a decade, armed forces from several countries have been using drones. Ground troops are employing small drones regularly. Military spending on unmanned aerial vehicles (UAVs) is rising as a fraction of overall military spending, which is propelling the growth of specialist drone manufacturers and simulator software developers. For instance, the preliminary examination of the Department of Defense's budget request for 2019 revealed that US$ 9.39 billion was invested in drone procurements, research and development initiatives, and manufacturing in United States. The amount is increased by 26% from the amount invested in 2018. In 2019, orders for at least 3,447 new unmanned air, ground, and marine systems were placed, representing a threefold increase over orders placed in 2018. Several drones are being developed specifically for surveillance purposes. Some drones, on the other hand, have been developed for vital missions, such as transporting weapons. Furthermore, drones are employed as loitering weapons. Drones are also employed in real-time to collect data on ongoing and life-threatening military missions using their intelligence, surveillance, and reconnaissance (ISR) capabilities. Hence, the demand for drone simulators is increasing as a result of the factors listed above.
North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. The led the drone manufacturers and drone MRO service providers witness significant loss during the pandemic. The drone manufacturer’s production volume decreased drastically, thereby hindering the adoption rate of different simulation solution. However, the governments of the US and Canada have maintained their defense spending levels. For instance, the defense spending in the US reached US$ 778 billion in 2020, with a yearly increase on 4.4% which led several drone manufacturers, UGV manufacturers, weapon, and combat system manufacturers to expedite the procurement rate of simulation systems. As a result, the COVID-19 pandemic and its consequences have had a nominal impact on the Drone Simulator market in North America
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 North America drone simulator market. The North America drone simulator market is expected to grow at a good CAGR during the forecast period.
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North America Drone Simulator Market Segmentation
North America Drone Simulator Market – By Component
- Hardware
- Software
North America Drone Simulator Market – By Simulator Type
- Fixed
- Portable
North America Drone Simulator Market – By Drone Type
- Fixed Wing
- Rotary Wing
North America Drone Simulator Market – By Technology
- Augmented Reality
- Virtual Reality
North America Drone Simulator Market, by Country
- US
- Canada
- Mexico
North America Drone Simulator Market - Companies Mentioned
- BLUEHALO
- CAE Inc.
- General Atomics
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Quantum3D
- SIMLAT UAS SIMULATION
- 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. North America 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. North America Drone Simulator Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Usage of Drones in Military and Commercial Purposes
5.1.2 Surging Expenditure in Research and Development for Military Simulation
5.2 Market Restraints
5.2.1 Complexity of Drone Simulator Systems Related Issues
5.3 Market Opportunities
5.3.1 Rising Defence Spending
5.4 Future Trends
5.4.1 Implementation of AI
5.5 Impact Analysis of Drivers and Restraints
6. Drone Simulator Market – North America Analysis
6.1 North America Drone Simulator Market Overview
6.2 North America Drone Simulator Market –Revenue and Forecast to 2028 (USD Million)
7. North America Drone Simulator Market Analysis – by Component
7.1 Overview
7.2 North America 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. North America Drone Simulator Market Analysis – By Simulator Type
8.1 Overview
8.2 North America 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. North America Drone Simulator Market Analysis – By Drone Type
9.1 Overview
9.2 North America 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. North America Drone Simulator Market Analysis – By Technology
10.1 Overview
10.2 North America 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. North America Drone Simulator Market – Country Analysis
11.1 Overview
11.1.1 North America Drone Simulator Market Breakdown, by Country
11.1.1.1 US Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.1.1 US Drone Simulator Market Breakdown, By Component
11.1.1.1.2 US Drone Simulator Market Breakdown, By Simulator Type
11.1.1.1.3 US Drone Simulator Market Breakdown, By Drone Type
11.1.1.1.4 US Drone Simulator Market Breakdown, By Technology
11.1.1.2 Canada Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.2.1 Canada Drone Simulator Market Breakdown, By Component
11.1.1.2.2 Canada Drone Simulator Market Breakdown, By Simulator Type
11.1.1.2.3 Canada Drone Simulator Market Breakdown, By Drone Type
11.1.1.2.4 Canada Drone Simulator Market Breakdown, By Technology
11.1.1.3 Mexico Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.3.1 Mexico Drone Simulator Market Breakdown, By Component
11.1.1.3.2 Mexico Drone Simulator Market Breakdown, By Simulator Type
11.1.1.3.3 Mexico Drone Simulator Market Breakdown, By Drone Type
11.1.1.3.4 Mexico Drone Simulator Market Breakdown, By Technology
12. Impact of COVID-19 Pandemic on North America Drone Simulator Market
12.1 North America
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 General Atomics.
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 Israel Aerospace Industries Ltd.
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 Leonardo S.p.A.
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 HAVELSAN A.S.
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 CAE Inc.
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
14.7 SIMLAT UAS SIMULATION
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 BLUEHALO
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Quantum3D
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)
Table 2. North America Drone Simulator Market, Revenue and Forecast To 2028 – By Country (USD Mn)
Table 3. US Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 4. US Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 5. US Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 6. US Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 7. Canada Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 8. Canada Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 9. Canada Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 10. Canada Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 11. Mexico Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 12. Mexico Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 13. Mexico Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 14. Mexico Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Drone Simulator Market Segmentation
Figure 2. North America Drone Simulator Market Segmentation – By Country
Figure 3. North America 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. US held Largest Market Share in 2020
Figure 8. Porter’s Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. North America Drone Simulator Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)
Figure 12. North America Drone Simulator Market Revenue Share, By Component (2020 and 2028)
Figure 13. North America Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
Figure 14. North America Software: Drone Simulator Market Revenue and Forecast to 2028(US$ million)
Figure 15. North America Drone Simulator Market Revenue Share, by Simulator Type (2020 and 2028)
Figure 16. North America Fixed: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 17. North America Portable: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 18. North America Drone Simulator Market Revenue Share, by Drone Type (2020 and 2028)
Figure 19. North America Fixed Wing: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 20. North America Rotary Wing: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 21. North America Drone Simulator Market Revenue Share, by Technology (2020 and 2028)
Figure 22. North America Augmented Reality: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 23. North America Virtual Reality: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 24. North America Drone Simulator Market, By Key Country-Revenue (2020) (USD Mn)
Figure 25. North America Drone Simulator Market Breakdown, by Country, 2020 & 2028 (%)
Figure 26. US Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 27. Canada Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 28. Mexico Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- BLUEHALO
- CAE Inc.
- General Atomics
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Quantum3D
- SIMLAT UAS SIMULATION
- 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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