Global Drone Simulator Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Drone Simulator Market 2021 (Includes Business Impact of COVID-19)
Global Drone Simulator Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global drone simulator market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global drone simulator market report has been segmented on the basis of drone type, device type, component, system type, platform, and region.
Request Covid - 19 Impact
The global Drone Simulator market size was valued at USD $0.35 billion in 2020 and is projected to reach USD $1.34 billion by 2030, and is anticipated to expand at a CAGR of 13.00% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Drone simulator are used to practice drone piloting skills in front person view (FPV) format. It is used to train an individual before actually flying the drone. Drone stimulators provide realistic view and experience, and helps learn about its physics and controls. It also combines all the fight dynamics and helps to reduce risks of human error while flying. Availability of various drone software in the market is making consumers more inclined towards its usage before actually buying the unmanned arial vehicle.

Dynamics:

Drones is used for surveillance, monitoring, mapping, agriculture, imaging, and various other applications. Increasing use of drones for various in military and commercial applications is a major factor driving growth of the global drone simulator market. Easy availability and low cost of trail of drone stimulation is another factor fueling growth of the global drone stimulator market.

In addition, increasing usage of drone stimulators before buying expensive unmanned arial vehicles by consumers is also a factor supporting growth of the target market. Furthermore, increasing investments in research and development for improvement in drone stimulation in military applications is a factor expected to boost growth of the global drone simulator market in the near future.

However, use of fully automated drones is a challenging factor that may affect growth of the global drone simulator market. Nevertheless, increasing adoption of drones for defense sector especially developing countries can create high revenue opportunities for players operating in the target market.

Segment Analysis:

On the basis of device type, the augmented reality segment is expected to register fastest growth in terms of revenue over the forecast period. Increasing demand for augmented reality drone stimulators as it provides safe and realistic environment for learning is a factor supporting growth of this segment in the global market. On the basis of platform, the commercial segment is expected to register high growth in terms of revenue in the near future, owing to increasing use of drones in construction, agriculture, and mining sectors.

Regional Analysis:

Market in North America is expected to account for major share in terms of revenue, and is expected to maintain its position over the forecast period. High adoption of drones and presence of prominent drone manufacturing companies are factors driving growth of the target market in this region. In addition, increasing use of drones for gaming and racing applications is another factor anticipated to fuel growth of the target market in this region. Asia Pacific market in anticipated to register high growth in terms of revenue in the near future.

Global Drone Simulator Market Segmentation:

Segmentation by drone type:

  
Quadcopter
  
Helicopter
  
Fixed wing

Segmentation by device type:

  
Augmented Reality
  
Virtual Reality

Segmentation by component:

  
Hardware
  
Software

Segmentation by system type:

  
Fixed
  
Portable

Segmentation by platform:

  
Military
  
Commercial


Key Market Players included in the report:


  
AEgis Technologies Group Inc.
  
General Atomics Aeronautical Systems, Inc.
  
Havelsan AS (Turkey)
  
Israel Aerospace Industries Ltd.
  
L3 Link Training & Simulation (UK)
  
Leonardo SpA (Italy)
  
Sikan Nutzfahrzeuge GmbH (Germany)
  
Simlat UAS & ISR Training Solutions
  
Singapore Technologies Electronics Limited (Singapore)
  
ST Engineering Electronics
  
Zen Technologies Limited (India).


Below are the key development related to Drone Simulator Market in 2020 and 2021.


May 2021: Red Cat Holdings Signs Letter of Intent To Acquire LuGus Studios. Acquisition Expands Red Cat Drone Services to include Drone Pilot Training. Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone. Source