Report ID: SQMIG45E2236
Report ID:
SQMIG45E2236 |
Region:
Global |
Published Date: April, 2024
Pages:
194
|
Tables:
62 |
Figures:
72
The massive military and defense spending budget of North American countries allows this region to account for substantial share of the global UAV flight training and simulation market. The United States is the country with highest per capita GDP spending on military and defense applications, which is a key factor in allowing North America to hold sway over other regions. Advancements in drone technology and growing use of UAVs in different industry verticals are other factors that help North America maintain its dominance in the global landscape.
Growing adoption of UAVs for military and civil applications by countries such as China and India are allowing the Asia Pacific region to become the fastest-growing regional market for UAV flight training and simulation in the world. Increase in defense budgets of several Asian countries is also slated to be a positive mark for UAV flight training and simulation companies in this region. Growing use of drones in different industry verticals is also slated to create new opportunities for UAV flight training and simulation providers in the Asia Pacific region going forward.
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Report ID: SQMIG45E2236