Drone Simulator Market Rising Demand for Drones for Commercial and Military Purposes Driving Market Growth

1. DroneSimulatorMarketRisingDemandfor DronesforCommercialandMilitary Purposes Driving MarketGrowth The Drone Simulator Marketis projected to grow from USD 799 million in 2022 to USD 1,501 million by 2027, at a CAGR of 13.4% from 2022 to 2027, according to a reportbyMarketsandMarkets.Thereport,titled"DroneSimulatorMarketby Application Military), (Software, DeviceType (Commercial, Component Hardware), (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), SystemType Global to2027," therising andRegion- Forecast highlights demandfordronesfor commercial and military purposes as a major driver of market expansion. Inquiry Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=145601 556 The report identifies several factors that are contributing to the growth of the drone simulator market, including the rising need for qualified pilots, increasing R&D efforts in military simulation, and rising defense spending in emerging nations. The affordability of drone simulators is also driving market expansion, according to the report. The drone simulator market is segmented into military and commercial based on application.Thereportpredictsthatthecommercialapplicationwillhavethehighest CAGR growth during the forecast period. Companies providing simulators for commercial drones are expected to introduce innovative simulators for managing fleet and autopilots and picking and dropping payloads. Amazon Inc. and UPS Logistics use drones to deliver their products, which is expected to increase the demand for drones by various businesses, thereby increasing the demand for drone pilots. These drone pilots would require valid licenses and certificates with hours of experience on simulator systems to fly drones commercially, fueling the market growth in commercialapplications. Based on system type, the drone simulator market is segmented into fixed and portable systems. The report predicts that the portable segment will grow at the highest CAGR during the forecasted period owing to the increasing use of drones for commercial applications, and affordability is also playing a major role in driving the market growth.

2. North America accounts for the largest share of the drone simulator market, according to the report. The demand for certified drone pilots has increased in the US, contributing to the increasing demand for drone simulators. Regulatory bodies such as Federal Aviation Administration (FAA) and European Aviation Safety Agency (EASA) have set certain regulations for the use of commercial drones in different countries. The market for drone simulators in North America is expected to grow exponentially owing to the demand for more trained military and commercial drone pilots. Leading drone simulator manufacturers such as CAE Inc. (Canada), General Atomics Aeronautical Systems, Inc. (US), and BlueHalo (US) in the region are expected to drive themarket. Request for Customization@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1456015 56 AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441