The drone simulator market in Europe is projected to US$ 433.22 million by 2028 from US$ 172.62 million in 2021; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.
Since more than a decade, armed forces from several countries in Europe have been using drones. Ground troops are employing small drones regularly. Military spending on unmanned aerial vehicles (UAVs) is rising as a fraction of overall military spending, which is propelling the growth of specialist drone manufacturers and simulator software developers. Several drones are being developed specifically for surveillance purposes. Some drones, on the other hand, have been developed for vital missions, such as transporting weapons. Countries such as Germany and Russia utilize remotely controlled UAVs to carry weapons for defense forces. Furthermore, drones are employed as loitering weapons. Their intelligence, surveillance, and reconnaissance (ISR) capabilities can be utilized in the collection of real-time data on ongoing and life-threatening military missions. Additionally, rise in investments in research and development related to military simulation is among the other factors expected to fuel the demand for drone simulator in Europe.
Based on simulator type, the Europe drone simulator market is segmented into fixed and portable. Fixed segment led the Europe drone simulator market in 2020. A drone simulator with a solid based is known as a fixed base simulator. The majority of drone simulators have a fixed base, as the procurement and operation costs are significantly lower than those of a full drone simulators. The fixed-base simulators, as well as replicas of certain drone types, are generic. For comprehensive training and data collection, companies provide an exclusive variety of fixed-base drone simulators. For instance, Israel Aerospace Industries offers drone simulators to the defense industry. A single simulator offered by the company can be used to teach both fixed and rotary wing drones. The firm is highly rated on the delivery and support parameters because the simulator allows superior drone training and assistance.
In Europe, the COVID-19 pandemic has had different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdowns or social restrictions. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of their strong healthcare systems. These countries have been investing significantly in making the diagnosis and treatment of the disease more effective and less time-consuming. According to the Centre for Strategic and International Studies (CSIS), military spending in in European countries is likely to decrease amid the global financial crisis caused by COVID-19. According to the CSIS, France, the UK, and Germany, together, account for a substantial share of the overall military budget of Europe, and these countries are likely to bring down their military budget allocations in 2021 due to macroeconomic situations. For instance, Germany has proposed cuts in defense spending from US$ 20.3 billion in 2020 to US$ 18.7 billion in 2024, which is likely to stymie military modernization and other armament programs. As a result of the COVID-19 pandemic, the drone simulator industry in Europe is likely to struggle in the coming years.
The Europe drone simulator market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe drone simulator market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in Europe. CAE Inc.; HAVELSAN A.S.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Leonardo S.p.A.; and SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED are among the key players operating in the market in this region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Drone Simulator Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Drone Simulator Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Various Military and Commercial Applications Adopting Drones
5.1.2 Research and Development Witnessing Investment Rise for Military Simulation
5.2 Market Restraints
5.2.1 Drone Simulator Systems Being Complex
5.3 Market Opportunities
5.3.1 Defence Expenditure Increasing
5.4 Future Trends
5.4.1 Rising Popularity of AI
5.5 Impact Analysis of Drivers and Restraints
6. Drone Simulator Market - Europe Analysis
6.1 Europe Drone Simulator Market Overview
6.2 Europe Drone Simulator Market -Revenue and Forecast to 2028 (USD Million)
7. Europe Drone Simulator Market Analysis - by Component
7.1 Overview
7.2 Europe Drone Simulator Market Breakdown, By Component, 2020 and 2028
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
7.4 Software
7.4.1 Overview
7.4.2 Software: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
8. Europe Drone Simulator Market Analysis - By Simulator Type
8.1 Overview
8.2 Europe Drone Simulator Market, by Simulator Type (2020 and 2028)
8.3 Fixed
8.3.1 Overview
8.3.2 Fixed: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
8.4 Portable
8.4.1 Overview
8.4.2 Portable: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
9. Europe Drone Simulator Market Analysis - By Drone Type
9.1 Overview
9.2 Europe Drone Simulator Market, by Drone Type (2020 and 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
10. Europe Drone Simulator Market Analysis - By Technology
10.1 Overview
10.2 Europe Drone Simulator Market, by Technology (2020 and 2028)
10.3 Augmented Reality
10.3.1 Overview
10.3.2 Augmented Reality: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
10.4 Virtual Reality
10.4.1 Overview
10.4.2 Virtual Reality: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
11. Europe Drone Simulator Market - Country Analysis
11.1 Overview
11.1.1 Europe Drone Simulator Market Breakdown, by Country
11.1.1.1 UK Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.1.1 UK Drone Simulator Market Breakdown, By Component
11.1.1.1.2 UK Drone Simulator Market Breakdown, By Simulator Type
11.1.1.1.3 UK Drone Simulator Market Breakdown, By Drone Type
11.1.1.1.4 UK Drone Simulator Market Breakdown, By Technology
11.1.1.2 Germany Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.2.1 Germany Drone Simulator Market Breakdown, By Component
11.1.1.2.2 Germany Drone Simulator Market Breakdown, By Simulator Type
11.1.1.2.3 Germany Drone Simulator Market Breakdown, By Drone Type
11.1.1.2.4 Germany Drone Simulator Market Breakdown, By Technology
11.1.1.3 France Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.3.1 France Drone Simulator Market Breakdown, By Component
11.1.1.3.2 France Drone Simulator Market Breakdown, By Simulator Type
11.1.1.3.3 France Drone Simulator Market Breakdown, By Drone Type
11.1.1.3.4 France Drone Simulator Market Breakdown, By Technology
11.1.1.4 Italy Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.4.1 Italy Drone Simulator Market Breakdown, By Component
11.1.1.4.2 Italy Drone Simulator Market Breakdown, By Simulator Type
11.1.1.4.3 Italy Drone Simulator Market Breakdown, By Drone Type
11.1.1.4.4 Italy Drone Simulator Market Breakdown, By Technology
11.1.1.5 Russia Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.5.1 Russia Drone Simulator Market Breakdown, By Component
11.1.1.5.2 Russia Drone Simulator Market Breakdown, By Simulator Type
11.1.1.5.3 Russia Drone Simulator Market Breakdown, By Drone Type
11.1.1.5.4 Russia Drone Simulator Market Breakdown, By Technology
11.1.1.6 Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Europe Drone Simulator Market Breakdown, By Component
11.1.1.6.2 Rest of Europe Drone Simulator Market Breakdown, By Simulator Type
11.1.1.6.3 Rest of Europe Drone Simulator Market Breakdown, By Drone Type
11.1.1.6.4 Rest of Europe Drone Simulator Market Breakdown, By Technology
12. Impact of COVID-19 Pandemic on Europe Drone Simulator Market
12.1 Europe
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
14. Company Profiles
14.1 L3Harris Technologies, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Israel Aerospace Industries Ltd.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Leonardo S.p.A.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 HAVELSAN A.S.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 CAE Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Europe Drone Simulator Market - Revenue and Forecast to 2028 (USD Million)
Table 2. Europe Drone Simulator Market, Revenue and Forecast To 2028 - By Country (USD Mn)
Table 3. UK Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 4. UK Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 5. UK Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 6. UK Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 7. Germany Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 8. Germany Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 9. Germany Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 10. Germany Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 11. France Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 12. France Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 13. France Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 14. France Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 15. Italy Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 16. Italy Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 17. Italy Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 18. Italy Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 19. Russia Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 20. Russia Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 21. Russia Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 22. Russia Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 23. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 24. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 25. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 26. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Drone Simulator Market Segmentation
Figure 2. Europe Drone Simulator Market Segmentation - By Country
Figure 3. Europe Drone Simulator Market Overview
Figure 4. Hardware Segment is Expected to Dominate the Market by Component
Figure 5. Fixed Segment held Largest Market Share in 2020
Figure 6. Fixed Wing Segment held Largest Market Share in 2020
Figure 7. Russia held Largest Market Share in 2020
Figure 8. Porter's Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. Europe Drone Simulator Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Drone Simulator Market - Revenue and Forecast to 2028 (USD Million)
Figure 12. Europe Drone Simulator Market Revenue Share, By Component (2020 and 2028)
Figure 13. Europe Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
Figure 14. Europe Software: Drone Simulator Market Revenue and Forecast to 2028(US$ million)
Figure 15. Europe Drone Simulator Market Revenue Share, by Simulator Type (2020 and 2028)
Figure 16. Europe Fixed: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 17. Europe Portable: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 18. Europe Drone Simulator Market Revenue Share, by Drone Type (2020 and 2028)
Figure 19. Europe Fixed Wing: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 20. Europe Rotary Wing: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 21. Europe Drone Simulator Market Revenue Share, by Technology (2020 and 2028)
Figure 22. Europe Augmented Reality: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 23. Europe Virtual Reality: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 24. Europe Drone Simulator Market, by Key Country - Revenue (2020) (USD Mn)
Figure 25. Europe Drone Simulator Market Breakdown, by Country, 2018 & 2027(%)
Figure 26. UK Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 27. Germany Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 28. France Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 29. Italy Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 30. Russia Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 31. Rest of Europe Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Drone Simulator Market
- CAE Inc.
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
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