The Worldwide Drone Simulator Market is Projected to reach USD 1.6 Billion by 2028, at a CAGR of 12.9%

Published Date: 30-Sep-2022

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Drone Simulator Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Drone Simulator Market size is expected to reach $1.6 billion by 2028, rising at a market growth of 12.9% CAGR during the forecast period.

The Software market is showcasing a CAGR of 15.1% during (2022 - 2028). Some of the top uses drones offer industries include boosting work efficiency & productivity, reducing workload and production costs, improving accuracy, enhancing service & customer relations, and resolving security issues on a massive scale.

The Fixed market acquired the highest revenue share in the Global Drone Simulator Market by System Type in 2021, thereby, achieving a market value of $1.2 billion by 2028. The fact that using a fixed simulator is more cost-effective than spending more time in the air is one of the key reasons it is an essential part of pilot training. When they fly in a real aeroplane, the price of maintenance, fuel, insurance, and flight instructor fees and costs start to mount.

The Rotary Wing market is estimated to witness a CAGR of 14.7% during (2022 - 2028). The manoeuvrability of rotary wing aircraft over fixed-wing aircraft is one of their biggest advantages. This gives them the ability to hover in place, fly in spaces other drones can't, and perform vertical take-off and landing (VTOL) manoeuvres.

The Augmented Reality market has shown the high growth rate of 15.3% during (2022 - 2028). AR enables the user to simultaneously perceive the real world and the surrounding context that is displayed by a computer system by superimposing visual information between them.

The Commercial market is registering a CAGR of 14.9% during (2022 - 2028). Drones can closely inspect a variety of assets to quickly identify flaws like cracks, structural problems, damaged tiles, leaks, corrosion, etc. Transmission lines are kept operating normally thanks to UAV technology, which also enables operators to assess a problem from the ground before climbing up to fix it.

The North America market dominated the Global Drone Simulator Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $587.4 million by 2028. The Europe market is showcasing a CAGR of 12.2% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 13.9% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/drone-simulator-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Atomics, SZ DJI Technology Co., Ltd., Leonardo SpA, CAE Inc., Israel Aerospace Industries Ltd., Zen Technologies Limited, Havelsan A.S., Simlat Ltd., ST Engineering Limited, and ImmersionRC Limited.

Global Drone Simulator Market Segmentation

By Component

  • Hardware
  • Software

By System Type

  • Fixed
  • Portable

By Drone Type

  • Fixed Wing
  • Rotary Wing

By Device Type

  • Virtual Reality
  • Augmented Reality

By Application

  • Military
  • Commercial

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • General Atomics
  • SZ DJI Technology Co., Ltd.
  • Leonardo SpA
  • CAE Inc.
  • Israel Aerospace Industries Ltd.
  • Zen Technologies Limited
  • Havelsan A.S.
  • Simlat Ltd.
  • ST Engineering Limited
  • ImmersionRC Limited

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Drone Simulator Market size & Opportunities 2022-2028

Europe Drone Simulator Market & Growth Forecast 2022-2028

Asia Pacific Drone Simulator Market Share & Industry Outlook to 2028

LAMEA Drone Simulator Market Growth, Trends & Forecasts 2022-2028

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