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Drone Simulator Market 2018
Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Drone Simulator Market 2018
Drone Simulator Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Drone simulators are designed to create an imitation of the operation of a real-world system or process associated with drone flight training. It is a program that allows drone pilots to practice on a computer without the risk and expense of damaging a real model. Technological advancements in drone payload systems and the growing capabilities of drone technology would require highly advanced simulation systems. Significant investments have been made in the development of artificial intelligence, which would lead to rapid growth of the market during the forecast period. However, a major restraint for the growth of the drone simulator market is the complexity in manufacturing and maintenance costs of drone simulator systems. Of late, drones have been widely used in the aviation, construction, mining, oil & gas, telecom, and logistics sectors. The use of drones is driven by their benefits over their conventional manual inspection counterparts. With rapid advances in technology, drones can detect edge erosion and blade defects of a wind turbine and can inspect the turbine blade lightning receptors, towers, and nacelles. In addition, drones can detect leaks, corrosion, and other problems in oil & gas rigs and pipelines.
Drone Simulator Market 2018
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The increased need for drones for commercial and military applications will offer new growth opportunities to the market players. The factors responsible for market growth are increasing R&D activities in the field of military simulation, increasing defense expenditure in emerging economies, and the growing demand for trained pilots. Several contracts have been signed to bolster the growth of the market. For example, in 2011, Aeronautics signed a contract with CAE Inc. to provide simulation for unmanned aerial systems (UAS). Moreover, the affordability of drone simulators has resulted in the growth of the market. For instance, in 2015, CAE and General Atomics Aeronautical Systems Inc. signed a contract with the Italian air force to develop a Predator unmanned aerial system simulator. Similarly, in 2005, L3 Link Training & Simulator signed a contract with the US air force to develop a Predator mission aircrew training system (PMATS) for unmanned aerial vehicles.
Drone Simulator Market 2018 Segmentation: The global drone simulator market has been segmented on the basis of component, device type, system, drone type, end-user, and region. By component, the software segment accounted for the largest market share in 2017. On the basis of end-user, the military segment is estimated to witness the highest demand during the forecast period owing to the affordability of drone simulators for the training of military pilots and operators. On the basis of device type, the augmented reality segment is expected to register the highest growth during the forecast period owing to the increasing adoption of augmented reality drone simulators in military applications in recent years.
Drone Simulator Market 2018 Application & Major Players in this Research: Drone Simulator Market Prominent Players:
The key players in the global drone simulator market are Aegis Technologies (US), CAE Inc. (Canada), General Atomics (US), Havelsan A.S. (Turkey), Israel Aerospace Industries Ltd (Israel), L3 Link Training & Simulation (UK), Leonardo S.p.A (Italy), Sikan Nutzfahrzeuge GmbH (Germany), Simlat Uas Simulation (Israel), Singapore Technologies Electronics Limited (Singapore), and Zen Technologies Limited (India).
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Drone Simulator Market 2018 Drone Simulator Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: On the basis of region, the market has been segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. In 2017, North America was the largest regional market due to the high adoption rate of drone simulators in the US and Canada. The European market is expected to be the second-largest during the forecast period due to the rising use of drone simulators for gaming applications. The global drone simulator market is estimated to witness a CAGR of over 5%, during the forecast period of 2018 to 2023.
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