The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.
Governments are cutting military spending due to the dwindling financial resources amid the COVID-19 pandemic. Defense ministries of many countries are cutting training expenditures and downscaling their forces. As a result, the military's attention has shifted toward finding less expensive and more effective solutions to their needs. Real-time training is time consuming and costly, and it also requires raw materials, such as gasoline and explosives, in huge quantities; moreover, it involves high level of danger. Therefore, military ministries are increasingly preferring virtual training and simulation-based games based on technologies such as big data, artificial intelligence (AI), and cloud computing. Military simulation and virtual training are becoming increasingly popular among military forces across the world because they are based on commercial-off-the-shelf (COTS) components, and they help minimize training expenses. The simulators are made at a minimal cost of development. Drone simulations are currently being used to train future soldiers and represent a real-time scenario using realistic digital settings. Hence, increased investments in simulation software in the bid of restructuring and transforming military operations for betterment drive the growth of the drone simulator market. Additionally, rising need from pharmaceuticals industry is expected to fuel the demand for drone simulators in North America in the coming years.
Based on component, the North America drone simulator market is segmented into hardware and software. The hardware segment led the market in 2020. Hardware in the Loop (HIL) simulation is one of the techniques used for reducing the impact of control system failure in field trials. Sensors, actuators, processes, and autopilot hardware are the four primary components of the HIL simulator. The sensors in the airframe replicate the output data of the UAV sensor. The actuator mimics how the UAV autopilot hardware alters the plane's surface controls. The process entails creating an aircraft dynamics model that mimics how the airframe will react to the input provided by the UAV autopilot gear. The HIL simulation can be used to assess the longitudinal and lateral autopilot hardware dependability, and the overall system's closed-loop performance and controller parameter tuning.
North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. The leading the drone manufacturers and drone MRO service providers witnessed significant loss during the initial phases of the pandemic. The drone manufacturer's production volume decreased drastically. However, the governments of the US and Canada have maintained their defense spending levels. For instance, the defense spending in the US reached US$ 778 billion in 2020, with a yearly increase of 4.4%, which led several drone manufacturers, UGV manufacturers, and weapon and combat system manufacturers to expedite the procurement rate of simulation systems. As a result, the COVID-19 pandemic has had a nominal impact on the drone simulator market in North America.
The North America 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 North America 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 the North America drone simulator market. BLUEHALO; CAE Inc.; General Atomics; HAVELSAN A.S.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Leonardo S.p.A.; Quantum3D; SIMLAT UAS SIMULATION; 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. North America 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. North America Drone Simulator Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Usage of Drones in Military and Commercial Purposes
5.1.2 Surging Expenditure in Research and Development for Military Simulation
5.2 Market Restraints
5.2.1 Complexity of Drone Simulator Systems Related Issues
5.3 Market Opportunities
5.3.1 Rising Defence Spending
5.4 Future Trends
5.4.1 Implementation of AI
5.5 Impact Analysis of Drivers and Restraints
6. Drone Simulator Market - North America Analysis
6.1 North America Drone Simulator Market Overview
6.2 North America Drone Simulator Market -Revenue and Forecast to 2028 (USD Million)
7. North America Drone Simulator Market Analysis - by Component
7.1 Overview
7.2 North America 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. North America Drone Simulator Market Analysis - By Simulator Type
8.1 Overview
8.2 North America 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. North America Drone Simulator Market Analysis - By Drone Type
9.1 Overview
9.2 North America 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. North America Drone Simulator Market Analysis - By Technology
10.1 Overview
10.2 North America 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. North America Drone Simulator Market - Country Analysis
11.1 Overview
11.1.1 North America Drone Simulator Market Breakdown, by Country
11.1.1.1 US Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.1.1 US Drone Simulator Market Breakdown, By Component
11.1.1.1.2 US Drone Simulator Market Breakdown, By Simulator Type
11.1.1.1.3 US Drone Simulator Market Breakdown, By Drone Type
11.1.1.1.4 US Drone Simulator Market Breakdown, By Technology
11.1.1.2 Canada Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.2.1 Canada Drone Simulator Market Breakdown, By Component
11.1.1.2.2 Canada Drone Simulator Market Breakdown, By Simulator Type
11.1.1.2.3 Canada Drone Simulator Market Breakdown, By Drone Type
11.1.1.2.4 Canada Drone Simulator Market Breakdown, By Technology
11.1.1.3 Mexico Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.3.1 Mexico Drone Simulator Market Breakdown, By Component
11.1.1.3.2 Mexico Drone Simulator Market Breakdown, By Simulator Type
11.1.1.3.3 Mexico Drone Simulator Market Breakdown, By Drone Type
11.1.1.3.4 Mexico Drone Simulator Market Breakdown, By Technology
12. Impact of COVID-19 Pandemic on North America Drone Simulator Market
12.1 North America
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 General Atomics.
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 Israel Aerospace Industries Ltd.
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 Leonardo S.p.A.
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 HAVELSAN A.S.
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 CAE Inc.
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
14.7 SIMLAT UAS SIMULATION
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 BLUEHALO
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Quantum3D
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. North America Drone Simulator Market - Revenue and Forecast to 2028 (USD Million)
Table 2. North America Drone Simulator Market, Revenue and Forecast To 2028 - By Country (USD Mn)
Table 3. US Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 4. US Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 5. US Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 6. US Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 7. Canada Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 8. Canada Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 9. Canada Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 10. Canada Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 11. Mexico Drone Simulator Market, Revenue and Forecast to 2028 - By Component (USD Mn)
Table 12. Mexico Drone Simulator Market, Revenue and Forecast to 2028 - By Simulator Type (USD Mn)
Table 13. Mexico Drone Simulator Market, Revenue and Forecast to 2028 - By Drone Type (USD Mn)
Table 14. Mexico Drone Simulator Market, Revenue and Forecast to 2028 - By Technology (USD Mn)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Drone Simulator Market Segmentation
Figure 2. North America Drone Simulator Market Segmentation - By Country
Figure 3. North America 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. US held Largest Market Share in 2020
Figure 8. Porter's Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. North America Drone Simulator Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Drone Simulator Market - Revenue and Forecast to 2028 (USD Million)
Figure 12. North America Drone Simulator Market Revenue Share, By Component (2020 and 2028)
Figure 13. North America Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
Figure 14. North America Software: Drone Simulator Market Revenue and Forecast to 2028(US$ million)
Figure 15. North America Drone Simulator Market Revenue Share, by Simulator Type (2020 and 2028)
Figure 16. North America Fixed: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 17. North America Portable: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 18. North America Drone Simulator Market Revenue Share, by Drone Type (2020 and 2028)
Figure 19. North America Fixed Wing: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 20. North America Rotary Wing: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 21. North America Drone Simulator Market Revenue Share, by Technology (2020 and 2028)
Figure 22. North America Augmented Reality: Drone Simulator - Revenue and Forecast to 2028 (US$ million)
Figure 23. North America Virtual Reality: Drone Simulator Market- Revenue and Forecast to 2028 (US$ million)
Figure 24. North America Drone Simulator Market, By Key Country-Revenue (2020) (USD Mn)
Figure 25. North America Drone Simulator Market Breakdown, by Country, 2020 & 2028 (%)
Figure 26. US Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 27. Canada Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 28. Mexico Drone Simulator Market, Revenue and Forecast, 2018-2028 (USD Mn)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Drone Simulator Market
- BLUEHALO
- CAE Inc.
- General Atomics
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Quantum3D
- SIMLAT UAS SIMULATION
- SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
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