UAV Flight Training and Simulation Market Top Companies Analysis - CAE Inc., L3Harris Technologies Inc., Israel Aerospace Industries (IAI) Ltd, Textron Inc, Global Industry Size, Share, Dynamics, Latest Trends, New Developments and Forecast by 2022-2029

The global UAV flight training and simulation market size is 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.

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COVID-19 Impact-

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.

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
Segments

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.

Report Highlights

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.

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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.

Regional Insights

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.

Competitive Landscape-

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.

Industry Development-

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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This release was published on openPR.