Report : Europe Drone Simulator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software), Simulator Type (Fixed and Portable), Drone Type (Fixed Wing and Rotary Wing), and Technology (Augmented Reality and Virtual Reality)

Fixed Segment to Dominate Europe Drone Simulator Market during 2020–2028      

According to a new market research study on “Europe Drone Simulator Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Simulator Type, Drone, Type, and Technology” is expected to reach US$ 433.22 million by 2028 from 172.62 US$ million in 2021. The market is estimated to grow at a CAGR of 14.0% from 2021 to 2028. The report provides trends prevailing in the Europe drone simulator market along with the drivers and restraints pertaining to the market growth. Research and development witnessing investment rise for military simulation is the major factor driving the growth of the Europe drone simulator market. However, issues associated with drone simulator systems being complex hinders the growth of Europe drone simulator market.

 Europe drone simulator market is segmented into component, simulator type, drone type, technology, and country. Based on component, the Europe drone simulator market is bifurcated into hardware and software. Hardware segment held the largest market share in 2020. Based on simulator type, the Europe drone simulator market is bifurcated into fixed and portable. Fixed segment held the largest market share in 2020. Based on drone type, Europe drone simulator market is bifurcated into fixed wing and rotary wing. Fixed wing segment held the largest market share in 2020. Similarly based on technology the Europe drone simulator market is bifurcated into augmented reality and virtual reality. Virtual reality segment held the largest market share in 2020. Based on country, the Europe drone simulator market is segmented into France, Germany, Italy, UK, Russia, rest of Europe. Russia held the largest market share in 2020.

In Europe, the COVID-19 pandemic has a 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, lockdown periods or social isolation norms. 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 to make 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 CSIS, France, the UK, and Germany pay for a substantial portion of Europe's overall military budget, and these countries are likely to bring down their military budget allocations in 2021 due to macroeconomic situations. For instance, Germany has proposed a cut 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, the drone simulator industry in Europe is likely to struggle in the coming years.

CAE Inc.; HAVELSAN A.S.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Leonardo S.p.A.; and SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED are among the leading companies in the Europe drone simulator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Israel Aerospace Industries (IAI) will give governments, academies, higher learning institutes and enterprises from around the world the opportunity to learn how to defend themselves from cyber threats through Microsoft’s Azure cloud computing service platform. For training purposes, the TAME RANGE cyber training platform delivers a realistic, interactive learning environment that simulates real threats.    

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