Global Drone Simulator Market Size, Share, Growth, Commercial and Military Application and Top Players Insight – Forecast 2019-2023
Apr 1, 2019
Drone Simulator Market expected to reach more than 5% CAGR growth forecast period 2018-2023, Drone Simulator Market Categorizes by Information by component, Device Type, Technology, Application and Region | Drone Simulator Industry
Pune, India - April 1, 2019 /MarketersMedia/ —
Drone Simulator Market: Information by Component (Software, Hardware), Device Type (Fixed, Portable), Drone Type (Fixed-Wing, Multi-Rotor), Technology (Augmented Reality, Virtual Reality), End-User (Commercial, Military), & Region—Forecast till 2023
Drone Simulator Market Scenario
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.
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.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6254
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 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.
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.
Drone Simulator Market Key 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).
The report on the Global Drone Simulator Market by Market Research Future comprises extensive primary research, along with a detailed analysis of the qualitative as well as quantitative aspects by various industry experts and key opinion leaders; it helps the reader gain a deeper insight into the market and industry performance. The report gives a clear picture of the current market scenario, including the historical and projected market size in terms of value and volume, and technological, macroeconomic, and governing factors in the market. The report provides detailed information on and strategies of the top players in the industry. The report also contains a broad study of the different market segments and regions.
Read more info @ https://www.marketresearchfuture.com/reports/drone-simulator-market-6254
About Market Research Future:
At Market Research Future (MRFR) we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Market Research Future
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India, +1 646 845 9312, Email: [email protected]
Phone: 16468459312
Website: https://www.marketresearchfuture.com/reports/drone-simulator-market-6254
Video URL: https://www.marketresearchfuture.com/reports/drone-simulator-market-6254
Source: MarketersMedia
Release ID: 496169
More News
Anthropic pledges 5 percent of stock to public benefit initiative
The artificial intelligence firm Anthropic announced it will commit 5 percent of its shares to its new public benefit fund as the industry faces heat over its potential impact on society and the labor market. Anthropic, in a blog post Sunday, said the Anthropic Public Benefit Fund will help the company pursue it's "mission in...
Leica marks 10 years at Marina Bay Sands with S$23,450 limited-edition MP
Only 10 sets of the black-and-silver film camera and 35mm lens will be sold, exclusively at the MBS store.
OPPO teams up with Manus to bring AI agents to Find X10 smartphones
The upcoming Find X10 series will get an Agent Mode that can organise information from apps and files to complete tasks such as planning a trip.
Warren warns against Sysco-Restaurant Depot merger
Democratic Sen. Elizabeth Warren (Mass.) on Sunday warned against a merger between Sysco and Restaurant Depot, arguing it could lead to an increase in restaurant prices. “Watch out: going out to eat at your favorite restaurant could become even more expensive,” Warren wrote on the social platform X. “The Trump administration might approve a merger...
Elderly man dies after being pulled unconscious from flat during fire in Sai Ying Pun
An elderly man died in hospital on Monday night after he was pulled unconscious from a flat during a fire in a residential building in Hong Kong’s Western district. Police received a report at 8.57pm that flames had erupted in a flat in Hang Fai Building on Pok Fu Lam Road in Sai Ying Pun. Firefighters deployed two water jet and breathing apparatus teams to tackle the fire, which was extinguished at 9.54pm. A man in his 70s was found unconscious and was rushed to Queen Mary Hospital in Pok Fu...
Is China building a fleet of drone motherships to extend its naval reach?
A second unusual Chinese vessel suspected of being designed to launch and recover large underwater drones has appeared in Guangzhou, raising questions over whether Beijing is developing a fleet of specialised motherships to extend its undersea operations beyond coastal waters. The smaller vessel, seen under tow on the Pearl River in images circulating online, resembles a ship about 200 metres (660 feet) long seen at a Shanghai shipyard last month that has since been launched. Both feature...
Musk says he will give SpaceX share to every child in US
Tech mogul Elon Musk said Monday he will give every child in the U.S. one share of SpaceX next year. “This will be the first of many,” Musk wrote in a post on the social platform X, which he also owns and is technically part of SpaceX. He did not specify how he plans to...
Musk says he will give SpaceX share to every child in US
Tech mogul Elon Musk said Monday he will give every child in the U.S. one share of SpaceX next year. “This will be the first of many,” Musk wrote in a post on the social platform X, which he also owns and is technically part of SpaceX. He did not specify how he plans to...
Hong Kong police arrest woman after dog allegedly thrown into sea
A woman has been arrested on suspicion of animal cruelty after allegedly throwing a dog into the sea in Hong Kong. The woman was reportedly seen throwing a dog from the waterfront near 29 Tai On Street in Sai Wan Ho into the water at around 1pm on Thursday. She then retrieved the animal and left the scene. A passer-by who witnessed the incident alerted police. Following an investigation, officers arrested a 59-year-old local woman on Saturday near the junction of Tai Hong Street and Lei King...
Superquiz, Tuesday, October 20
Trivia buffs, test your knowledge with today’s interactive superquiz.
Helen Haines attack as it happened: Indi MP critically injured outside Wangaratta office; alleged attacker arrested by police
Follow along as we bring you the latest live news updates from Australia and around the world.
Cooler temperatures, possible rain headed for Southern California
Cooler temperatures and a chance of rain is on tap for Southern California, forecasters say.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.