North America 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)
Market Introduction
North America is one of the technologically advanced regions with the presence of major economies, such as the US, Canada, and Mexico. The developed countries in the region are known for adopting advanced technologies, high standards of living, and developed infrastructure. North American countries have strong military departments, especially the US and Canadian military forces have adopted advanced technologies to provide soldiers a better version of military products and solutions. These countries are significantly investing in the military sector, which is influencing the growth of the drone simulator market. For instance, according to SIPRI data, the defense ministry of the US, Canada, and Mexico spent US$ 778,232 million, US$ 22,755 million, and US$ 6,116 million, respectively, in 2020. Rising military spending boosts the adoption of drone simulators. In North America, it has been observed that significant investments have been made in the development of artificial intelligence (AI). As, artificial intelligence has significance in the drone simulator. Moreover, North America has many manufacturers of drone simulators such as CAE Inc.; L3Harris Technologies, Inc.; and FRASCA International, Inc. Therefore, the presence of several drone simulator manufacturers and the growth of military expenditure are fueling the growth of the drone simulator market in North America.
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 led the drone manufacturers and drone MRO service providers witness significant loss during the pandemic. The drone manufacturer’s production volume decreased drastically, thereby hindering the adoption rate of different simulation solution. 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 on 4.4% which led several drone manufacturers, UGV manufacturers, weapon, and combat system manufacturers to expedite the procurement rate of simulation systems. As a result, the COVID-19 pandemic and its consequences have had a nominal impact on the Drone Simulator market in North America.
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Market Overview and Dynamics
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. sAmid the COVID-19 outbreak, drones were used for agriculture spraying and the delivery of medical supplies. They were also used by governments to monitor the compliance of social distancing rules. According to the NPD’s retail tracking service, consumer drone sales from March to November 2020 in the US have increased more than doubles (+114%) compared to the same timeframe in 2019. Also, owing to the high demand for drones in the defense sector, the installation of drone simulators has increased in the region. Therefore, the COVID-19 outbreak has had a positive impact on the North America drone simulator market.
Key Market Segments
North America drone simulator market is segmented into component, simulator type, drone type, technology, and country. Based on component, the North America drone simulator market is bifurcated into hardware and software. Hardware segment held the largest market share in 2020. Based on simulator type, the North America drone simulator market is bifurcated into fixed and portable. Fixed segment held the largest market share in 2020. Based on drone type, North America 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 North America 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 North America drone simulator market is segmented into US, Canada, and Mexico. US held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the drone simulator market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the North America drone simulator market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America drone simulator market.
- Efficiently plan M&A and partnership deals in North America drone simulator market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America drone simulator market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Drone Simulator Market Segmentation
North America Drone Simulator Market - By Component
- Temperature Calibrator
- Pressure Calibrator
- Electrical Calibrator
- Multifunction Process Calibrator
- Hardware
- Software
North America Drone Simulator Market - By Simulator Type
- Fixed
- Portable
North America Drone Simulator Market - By Drone Type
- Fixed Wing
- Rotary Wing
North America Drone Simulator Market - By Technology
- Augmented Reality
- Virtual Reality
North America Drone Simulator Market - By Country
- US
- Canada
- Mexico
North America Drone Simulator Market - Company Profiles
- 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
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
- 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America drone simulator market
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the drone simulator market, as well as those hindering it
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