At 15+% CAGR, Drone Simulator Market Potentially Worth $764.7 Million by 2022 Led by North American Region

PUNE, India, June 25, 2017 /PRNewswire-iReach/ -- The software segment is expected to lead the drone simulator market during the forecast period. By component, the software segment is projected to lead the drone simulator market from 2017 to 2022. Software includes programs that are used for carrying out different operations in a drone simulator. Drone software recreates real-life scenario with a set of mathematical formulas. Therefore, the increasing complexity in simulating various scenarios is boosting the software segment's growth. Complete report on "Drone Simulator Market" spread across 140 pages, profiling 11 companies and supported with 63 tables and 46 figures is now available athttp://www.rnrmarketresearch.com/drone-simulator-market-by-platform-commercial-military-component-software-hardware-device-type-augmented-reality-virtual-reality-drone-type-fixed-wing-quadcopter-helicopter-system-and-region-glob-st-to-2022-market-report.html .

The North American region is estimated to lead the drone simulator market during the forecast period. The North American region is the largest market for drone simulator due to the presence of various prominent players offering drone simulators.

The drone simulator market is driven by the increasing demand for drones from the military and commercial sectors. The growing demand for drones in the commercial and military markets has increased the requirement of skilled pilots, which, in turn, is expected to drive the drone simulator market. However, the complexity associated with drones, in terms of simulating new technologies and payloads, is restraining the market's growth. On the other hand, the growing affordability of simulated training is expected to increase the demand for drone simulators. Training with actual drones can be expensive and prone to accidents. Hence, virtual training can be beneficial to pilots to avert such risks.

Another factor that contributes to the growth of the North American Drone Simulator Market is the increasing adoption of drone simulators for defense and commercial applications. In the commercial sector, the demand for drone simulation emanates from various industries, such as agriculture, infrastructure, and media & entertainment.

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The major players operating in the drone simulator market include CAE Inc. (Canada), L-3 Simulation & Training (UK), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A. (Italy), Havelsan A.S. (Turkey), Simlat UAS & ISR Training Solutions (Israel), and General Atomics Aeronautical Systems, Inc. (US). Download PDF Brochure "Drone Simulator Market by Platform (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Quadcopter, Helicopter), System, and Region - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1082147 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%), Director Level (25%) and others (40%) from various key organizations operating in the drone simulator market. The primary interviews were conducted worldwide covering regions such as North America (26%), Europe (30%), Asia-Pacific (22%), South America (13%), and Middle East & Africa (9%).

Research Coverage: This research report categorizes the drone simulator market on the basis of system, component, platform, drone type, and device type. It studies the drone simulator market in North America, Europe, Asia-Pacific, and Rest of the World (RoW). Apart from market segmentation, the report also covers market dynamics, such as drivers, restraints, opportunities, and challenges impacting the growth of the drone simulator market.

On a related note, another research titled UAV Drones Market Global Forecast to 2022says, the UAV market has entered the growth phase and is expected to grow further in the coming years. The market is expected to be worth $21.23 billion in 2022, at a CAGR of 19.99% between 2016 and 2022. Precision agriculture application for commercial drones is estimated to grow at the highest rate. Camera component is estimated to hold the largest share of the market during the forecast period. APAC is expected to be the fastest-growing market for UAV drones during the forecast period. Companies such as Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Aerovironment, Inc. (U.S.), Elbit systems Ltd.(Israel), Israel Aerospace Industries Ltd. (Israel), BAE Systems Plc (U.K.), Thales SA (France), Leonardo SpA (Italy), DJI (China), 3DR (U.S.), Flir Systems, Inc. (U.S.), Precision Hawk (U.S) have been profiled in this 216 pages research report available at http://www.rnrmarketresearch.com/uav-drones-market-by-type-fixed-wing-rotary-blade-nano-hybrid-application-law-enforcement-precision-agriculture-media-and-entertainment-retail-geography-americas-europe-apac-row-analysis-forecast-to-2020-market-report.html .

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