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)
Market Introduction
Europe comprises various well-established economies, such as France, Germany, Russia, the UK, and Italy, with powerful military forces. To further empower them, governments of these countries invest a significant amount in military technologies, such as drone simulators. According to SIPRI data, Germany, France, Italy, the UK, and Russia spent US$ 52,765 million, US$ 52,747 million, US$ 28,921 million, US$ 59,238 million, and US$ 61,713 million, respectively, in military operations in 2020. In addition, increasing initiatives promoting the adoption of advanced technologies bolster the growth of the drone simulator market in European countries. Moreover, France, one of the members of NATO, is raising its budget to push defense spending to about 2% of the GDP. Further, the ongoing geopolitical tensions in the region, mainly due to Russia, is expected to create a strong demand for drone simulator in the coming years.
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.
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Market Overview and Dynamics
The drone simulator market in Europe is projected to US$ 433.22 million by 2028 from US$ 172.62 million in 2021; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028. The increasing research and development activities in the field of military simulation also propel the demand for drone simulators. The research and development activities help test the efficiency of drones in critical environments, check the technical infrastructure and re-develop it (if required), and provide education & training to raise the level of awareness and expertise regarding war zones. Moreover, the European Union (EU) is expected to drastically increase its spending on military research, following a vote by the European Parliament to approve €4.1 billion (US$ 4.6 billion) for this purpose for the period 2021 to 2027. The fund would increase cash for fields from materials science to artificial intelligence and make the EU the fourth-largest spender on defense R&D in Europe.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the drone simulator market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CAE Inc.; HAVELSAN A.S.; Israel Aerospace Industries Ltd.; L3Harris Technologies, Inc.; Leonardo S.p.A.; and SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED.
Reasons to buy report
- To understand the Europe 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 Europe drone simulator market.
- Efficiently plan M&A and partnership deals in Europe 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 Europe drone simulator market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Drone Simulator Market Segmentation
Europe Drone Simulator Market - By Component
- Temperature Calibrator
- Pressure Calibrator
- Electrical Calibrator
- Multifunction Process Calibrator
- Hardware
- Software
Europe Drone Simulator Market - By Simulator Type
- Fixed
- Portable
Europe Drone Simulator Market - By Drone Type
- Fixed Wing
- Rotary Wing
Europe Drone Simulator Market - By Technology
- Augmented Reality
- Virtual Reality
Europe Drone Simulator Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Drone Simulator Market - Company Profiles
- CAE Inc.
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- 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. Europe 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. Europe Drone Simulator Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Various Military and Commercial Applications Adopting Drones
5.1.2 Research and Development Witnessing Investment Rise for Military Simulation
5.2 Market Restraints
5.2.1 Drone Simulator Systems Being Complex
5.3 Market Opportunities
5.3.1 Defence Expenditure Increasing
5.4 Future Trends
5.4.1 Rising Popularity of AI
5.5 Impact Analysis of Drivers and Restraints
6. Drone Simulator Market – Europe Analysis
6.1 Europe Drone Simulator Market Overview
6.2 Europe Drone Simulator Market –Revenue and Forecast to 2028 (USD Million)
7. Europe Drone Simulator Market Analysis – by Component
7.1 Overview
7.2 Europe 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. Europe Drone Simulator Market Analysis – By Simulator Type
8.1 Overview
8.2 Europe 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. Europe Drone Simulator Market Analysis – By Drone Type
9.1 Overview
9.2 Europe 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. Europe Drone Simulator Market Analysis – By Technology
10.1 Overview
10.2 Europe 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. Europe Drone Simulator Market – Country Analysis
11.1 Overview
11.1.1 Europe Drone Simulator Market Breakdown, by Country
11.1.1.1 UK Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.1.1 UK Drone Simulator Market Breakdown, By Component
11.1.1.1.2 UK Drone Simulator Market Breakdown, By Simulator Type
11.1.1.1.3 UK Drone Simulator Market Breakdown, By Drone Type
11.1.1.1.4 UK Drone Simulator Market Breakdown, By Technology
11.1.1.2 Germany Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.2.1 Germany Drone Simulator Market Breakdown, By Component
11.1.1.2.2 Germany Drone Simulator Market Breakdown, By Simulator Type
11.1.1.2.3 Germany Drone Simulator Market Breakdown, By Drone Type
11.1.1.2.4 Germany Drone Simulator Market Breakdown, By Technology
11.1.1.3 France Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.3.1 France Drone Simulator Market Breakdown, By Component
11.1.1.3.2 France Drone Simulator Market Breakdown, By Simulator Type
11.1.1.3.3 France Drone Simulator Market Breakdown, By Drone Type
11.1.1.3.4 France Drone Simulator Market Breakdown, By Technology
11.1.1.4 Italy Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.4.1 Italy Drone Simulator Market Breakdown, By Component
11.1.1.4.2 Italy Drone Simulator Market Breakdown, By Simulator Type
11.1.1.4.3 Italy Drone Simulator Market Breakdown, By Drone Type
11.1.1.4.4 Italy Drone Simulator Market Breakdown, By Technology
11.1.1.5 Russia Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.5.1 Russia Drone Simulator Market Breakdown, By Component
11.1.1.5.2 Russia Drone Simulator Market Breakdown, By Simulator Type
11.1.1.5.3 Russia Drone Simulator Market Breakdown, By Drone Type
11.1.1.5.4 Russia Drone Simulator Market Breakdown, By Technology
11.1.1.6 Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028
11.1.1.6.1 Rest of Europe Drone Simulator Market Breakdown, By Component
11.1.1.6.2 Rest of Europe Drone Simulator Market Breakdown, By Simulator Type
11.1.1.6.3 Rest of Europe Drone Simulator Market Breakdown, By Drone Type
11.1.1.6.4 Rest of Europe Drone Simulator Market Breakdown, By Technology
12. Impact of COVID-19 Pandemic on Europe Drone Simulator Market
12.1 Europe
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 Israel Aerospace Industries Ltd.
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 Leonardo S.p.A.
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 HAVELSAN A.S.
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 CAE Inc.
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 SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
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
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Europe Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)
Table 2. Europe Drone Simulator Market, Revenue and Forecast To 2028 – By Country (USD Mn)
Table 3. UK Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 4. UK Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 5. UK Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 6. UK Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 7. Germany Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 8. Germany Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 9. Germany Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 10. Germany Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 11. France Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 12. France Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 13. France Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 14. France Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 15. Italy Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 16. Italy Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 17. Italy Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 18. Italy Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 19. Russia Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 20. Russia Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 21. Russia Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 22. Russia Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 23. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 – By Component (USD Mn)
Table 24. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 – By Simulator Type (USD Mn)
Table 25. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 – By Drone Type (USD Mn)
Table 26. Rest of Europe Drone Simulator Market, Revenue and Forecast to 2028 – By Technology (USD Mn)
Table 27. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Drone Simulator Market Segmentation
Figure 2. Europe Drone Simulator Market Segmentation – By Country
Figure 3. Europe 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. Russia held Largest Market Share in 2020
Figure 8. Porter’s Five Forces Analysis
Figure 9. Expert Opinion
Figure 10. Europe Drone Simulator Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Drone Simulator Market – Revenue and Forecast to 2028 (USD Million)
Figure 12. Europe Drone Simulator Market Revenue Share, By Component (2020 and 2028)
Figure 13. Europe Hardware: Drone Simulator Market Revenue and Forecast to 2028 (US$ million)
Figure 14. Europe Software: Drone Simulator Market Revenue and Forecast to 2028(US$ million)
Figure 15. Europe Drone Simulator Market Revenue Share, by Simulator Type (2020 and 2028)
Figure 16. Europe Fixed: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 17. Europe Portable: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 18. Europe Drone Simulator Market Revenue Share, by Drone Type (2020 and 2028)
Figure 19. Europe Fixed Wing: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 20. Europe Rotary Wing: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 21. Europe Drone Simulator Market Revenue Share, by Technology (2020 and 2028)
Figure 22. Europe Augmented Reality: Drone Simulator – Revenue and Forecast to 2028 (US$ million)
Figure 23. Europe Virtual Reality: Drone Simulator Market– Revenue and Forecast to 2028 (US$ million)
Figure 24. Europe Drone Simulator Market, by Key Country - Revenue (2020) (USD Mn)
Figure 25. Europe Drone Simulator Market Breakdown, by Country, 2018 & 2027(%)
Figure 26. UK Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 27. Germany Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 28. France Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 29. Italy Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 30. Russia Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 31. Rest of Europe Drone Simulator Market, Revenue and Forecast, 2018–2028 (USD Mn)
Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets
- CAE Inc.
- HAVELSAN A.S.
- Israel Aerospace Industries Ltd.
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- SINGAPORE TECHNOLOGIES ELECTRONICS LIMITED
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe drone simulator market
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