Drone simulator market is anticipated to grow at a CAGR of 13.5% during the forecast period (2024–2031). The increasing R&D to develop drone simulators and related technologies to enhance simulation capability and utility is a key factor driving the global drone stimulator market. For instance, in November 2023, Zen Technologies Ltd., a developer of simulators for weapons and allied defense equipment, signed a memorandum of understanding (MoU) with the Goa government to establish a new R&D center in the state. The new factory, which will be built at the Electronic Manufacturing Cluster (EMC) in Tuem, Goa, will cost Rs 50 crore ($6.0 million) and is estimated to create 800 jobs. The company stated that this new facility will enhance its production capabilities, notably in cutting-edge simulators and drone-related technology.
Browse the full report description of “Drone Simulator Market Size, Share & Trends Analysis Report by Component (Software, and Hardware), by End-User (Commercial, and Military & Defense), and by Drone Type (Fixed Wing, and Rotary Wing) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/drone-simulator-market
Various companies have collaborated and invested in related technologies to upgrade and develop futuristic products. For instance, in July 2021, CAE announced that the company plans to invest $730 million in innovation over the next five years. The funding will go toward Project Resilience, a transformation project aimed at developing tomorrow's technologies, such as digitally immersive solutions in civil aviation, defense and security, and healthcare that use data ecosystems and AI. The project will also enable CAE to establish itself as a leader in end-to-end technology, operational support, and training solutions for Advanced Air Mobility, as well as the development of green light aircraft technologies.
Market Coverage
· The market number available for 2024-2031
· Base year: 2023
· Forecast period: 2024-2031
· Segment Covered-
o By Component
o By End-User
o By Drone Type
· Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape: CAE Inc., Leonardo S.p.A., and General Atomics-Aeronautical Systems, Inc. among others.
Key questions addressed by the report
Global Drone Simulator Market Report Segment
By Component
By End-User
By Drone Type
Global Drone Simulator Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· The Middle East and Africa
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