Global Drone Simulator Market 2020 COVID-19 Impact, Share, Trend, Segmentation and Forecast to 2026

Global Drone Simulator Market Size study, by Type (Portable, Fixed) by Component (Hardware, Software) by Platform (Commercial, Military) by Drone Type, Device Type (VR, AR) and Regional Forecasts 2020-2026

Drone Simulator Market:

Executive Summary

Global Drone Simulator Market is valued approximately at USD 501.73 million in 2019 and is anticipated to grow with a healthy growth rate of more than 15.21% over the forecast period 2020-2026. Drone Simulator are an imitation of the operation of the real-world system of drones and aid in the process associated with drone flight training. The program allows drone pilots to practice on a computer eliminating the risk and expense of damaging a real model. The rise in use of Drones in multiple sectors has stimulated the demand for drone pilots who are trained using drone stimulators driving the market towards growth. These Drones are being used mostly in the commercial sector for applications in aviation, construction, mining, oil and Gas telecom and logistics sectors. For instance: Drones in the maintenance sector are used to detect leaks, corrosion and other problems in oil and gas rigs and pipelines. While in logistics sector drones are utilized by the ecommerce platform to home deliver goods. Further. These also can be used to inspect multiple aspects such as turbine blade, lightning receptors and towers. The advantages offered by the use of drones mainly the increase in human life safety fuels the drone stimulator market towards growth. As per the Federal Aviation Administration the commercial drone market is projected to triple by 2023 with an estimated 823,000 flying at that time. While as the agency mandated the registration of drones in 2015 the administration estimated 1.25 million drones in operation. However, complexity in manufacturing and maintenance costs of drone simulator systems impedes the growth of the market over the forecast period of 2020-2026.

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The regional analysis of global Drone Simulator market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income and rising application of drones would create lucrative growth prospects for the Drone Simulator market across Asia-Pacific region.

Major market player included in this report are:
Aegis Technologies Group (USA)
CAE Inc. (Canada)
General Atomics Aeronautical Systems Inc. (USA)
Havelsan A.S (Turkey)
Israel Aerospace Industries (IAI) (Israel)
L3 Link Simulation & Training (USA)
Leonardo S.p.A. (Italy)
Silkan (France)
Simlat Ltd. (Israel)
Singapore Technologies Electronics Ltd. (Singapore)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Portable
Fixed

By Component:
Hardware
Software

By Platform:
Commercial
Military

By Drone Type:
Fixed Wing
Quadcopter
Helicopter

By Device Type:
VR
AR

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Global Drone Simulator Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Continuous…

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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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Release ID: 88962085