The global UAV flight training and simulation market sizeis set to gain impetus from the replacement of the conventional manned aircraft with UAVs in various civilian and military applications. This information is given by Fortune Business Insights™ in a report, titled, “UAV Flight Training and Simulation Market, 2021-2028”.
There is a scarcity of qualified and certified unmanned aerial vehicle (UAV) pilots, especially in the civilian sector. This factor is driving up the demand for UAV flight training and simulation platforms around the globe. These platforms allow operators to practice in real-time scenarios and trainees are given the opportunity to operate UAVs in a simulated environment that is both practical and accurate, with no risks or limitations. Furthermore, the growing number of military UAVs is also fueling the demand for effective and efficient UAV operator training, which is anticipated to stimulate the growth of this market in the coming years.
The aerospace industry has been among the most vulnerable sectors to the ongoing COVID-19 pandemic outbreak and it is currently experiencing unparalleled uncertainty. On the defense side, the situation appears to be less grim, with the demand being covered by budgeted government spending and a stable supply chain with little exposure to hard-hit jurisdictions such as Asia. However, the UAV flight training and simulation market growth is likely to be affected by the re-prioritization of spending by countries, with resources being redirected toward healthcare and medical infrastructure.
Report Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the market during the forecast period.
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List of Key Players Profiled in the UAV Flight Training and Simulation Market Report
- CAE Inc.
- L3Harris Technologies Inc.
- Israel Aerospace Industries (IAI) Ltd
- Textron Inc
- Northrop Grumman Corporation
The report offers a comprehensive analysis of existing companies that are redefining the dynamics of this market. In addition to that, it provides an accurate assessment of the market by highlighting data on multiple aspects related to growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and providing qualitative insights.
Based on type, the market is segmented into HALE UAVs, MALE UAVs, and SUAVs. In terms of application, the market is classified into civil & commercial, defense & military, and homeland security. By geography, the market has been categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players to Adopt Strategies to Meet the Growing Demand for UAVs
The top companies’ global reach, as well as their ability to provide UAV flight training and simulation solutions, will help them develop and improve their position in the aviation sector. Vendors are focused on providing cost-effective and high-quality services to thrive and prosper in such a fiercely competitive climate.
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Drivers & Restraints-
Increasing Adoption of UAVs for Military and Law Enforcement Operation to Fuel Market Growth
In 2019, the military and law enforcement segment accounted for the largest share of the global market. It was primarily due to the rapid expansion of the deployment of UAVs for military operations by economically developing countries. The global market for UAV flight training and simulation is driven by the increased demand for virtual simulation solutions, development in the commercial drone market, and expanded application areas for drones. For example, drone distribution is favored by e-commerce and supply chain behemoths, such as Amazon, UPS, and DHL. Drones could save a lot of time and money by transferring traffic from the ground to the air. They can also be used to distribute small parcels, food, letters, medications, drinks, and other items over shorter distances in a speedier manner. The high demand for virtual simulation platforms and the military deployment of UAVs for covert operations are some of the factors driving the market forward.
Drones dispatched from the field are likely to become a central part of law enforcement agencies, but more law enforcement agencies need to deploy UAVs on a daily basis before this becomes a reality. If more departments continue to use drones, they must ensure that their officers are well-qualified and that they use UAVs in a manner that prioritizes public safety and privacy.
High Adoption of Drones by the US to Aid the Dominance of North America
The UAV flight training and simulation market share is currently dominated by North America, which is expected to retain its top position during the forecast period. This is largely due to the United States’ increased use of UAVs for military operations, such as intelligence, surveillance, and reconnaissance (ISR), and war.
The growing number of deliveries of unmanned aerial vehicles and commercial aircraft is driving market growth in the Asia Pacific region. In addition, the widening allocation of resources to the defense sector in India and China will further augment the adoption of UAV flight training and simulation technologies in the region. On the other hand, due to the increasing demand for UAVs in military, civil, and commercial applications, the market in Europe is expected to expand at a moderate CAGR.
Key Players Assessment in this Research:
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in this market
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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June 2019: Aero Drone School, a unit of Terra Drone Indonesia, announced the completion of a successful drone training program for two mining companies based in Indonesia.
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