Drone Simulator Market

New Product Launch and Supply Contract Were the Key Strategies Adopted by Market Players to Enhance Business Prospects in the Drone Simulator Market From 2012 to 2016

The drone simulator market is projected to grow from USD 376.9 Million in 2017 to USD 764.7 Million by 2022, at a CAGR of 15.20% from 2017 to 2022. There is an increase in demand for trained personnel owing to the increasing defense and commercial applications of drones. This will, in turn, drive the market for drone simulator during the forecast period.

New product launch and supply contract were the key strategies adopted by market players to achieve growth in the drone simulator market between 2012 and 2016. The key manufacturers of drone simulators profiled in this report include CAE Inc. (Canada), L-3 Link Simulation & Training (UK), Israel Aerospace Industries (Israel), Leonardo S.p.A. (Italy), Simlat UAS & ISR Training Solutions (Israel), and Havelsan A.S. (Turkey). These companies, which account for the major share of the drone simulator market, have adopted new product launch and supply contract as strategies to enhance their market shares.

Havelsan A.S. is a key player in the drone simulator market. In May 2015, the company acquired a simulation and training company called Quantum3D (US). This acquisition enabled Havelsan access to new technologies developed in the North American market.

CAE Inc., a simulation and training company, is another key player in the drone simulator market. The company entered into a partnership with General Atomics Aeronautical Systems, Inc. (US) in June 2013. As per the partnership, both companies will explore international opportunities in drone simulators. The companies jointly developed and delivered the Predator UAS simulator to the Italian Air Force in 2016.

The product lines of Simlat UAS & ISR Training Solutions, which is also a leading player in the drone simulator market, cater to both military and commercial customers. The company provides training for various missions as well as for utility inspection, mining, ISR (Intelligence, Surveillance & Reconnaissance), and others. It offers a wide range of training solutions, which include integrated architectures, desktop trainers, and networked training environments. The company follows the supply contract strategy to increase its market share. In April 2016, the company supplied 10 INTER training systems to a prominent UAV manufacturer.

Related Reports:

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

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Report Code
AS 5360
RI Published ON
6/19/2017
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