Investments by Private Players in Drone Technology to Stimulate Market Growth in North America
North America dominated the UAV simulator market share in 2019, boasting a market size of USD 250.6 million. The primary reason for the region s leading market position is the huge investments made by private drone companies and defense entities towards advancing drone technologies. Further, these companies are aggressively strengthening their partnerships with the region s armed forces, thereby promoting the adoption of UAVs for military operations.
The market in Asia Pacific is poised to make prolific progress as countries in the region are steadily increasing their defense budgets and actively teaming up with private drone contractors. In Europe, policies framed by the European Commission to support the future growth of the region s aviation industry are expected to generate numerous opportunities for drone makers in the next few years.