The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Drone Simulator Market.
It was estimated prior to this unanticipated outbreak that the Drone Simulator Market was likely to witness an impressive CAGR of 16.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate. The increasing demand for drones for commercial and military applications, which is also amounting to the rise in claim for trained pilots, is driving the growth of the global drone simulator market.
Drone Simulator Market Segment Insights:
By Platform Type:
The military segment is estimated to remain dominant, led by the easy affordability of drone simulators for training of military pilots and operators, against live training employing real drones.
By Device Type:
The augmented reality segment is projected to register a higher growth during the forecast period. The growth of this segment is driven by the increasing adoption of augmented reality drone simulators in military applications which recommends a better training experience to pilots by using the real-world environment.
North American region was estimated to be the largest market for drone simulator in 2018. Countries in this region, such as the US and Canada, are depicting an increase in the adoption of simulators in the drone industry. The European and the Asia-Pacific regions are also expected to witness a high growth owing to the rising employment of drone simulators for gaming applications, such as drone racing.