The report presents an in-depth assessment of the UAV Flight Training And Simulation including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for UAV Flight Training And Simulation investments from 2019 till 2024.
The UAV flight training and simulation market is anticipated to register a CAGR of over 6.5% during the forecast period, owing to the growing applications of UAVs in military and commercial segments.
The market of UAV flight training and simulation is a highly fragmented market with many companies having accounted for a significant market share in 2018. Some of the prominent players in the market are CAE Inc., L-3 Technologies Inc., Israel Aerospace Industries (IAI) Ltd, Textron Inc., and Northrop Grumman Corporation. The global presence and the ability of the companies to provide the simulation and training solutions to all the operators in the region will further support the growth of the companies to strengthen their position in the market.
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Scope of the Report
Unmanned aerial vehicle (UAV) simulation focuses on training operators or pilots to control an unmanned aircraft or its payload from a control station. Flight simulators are devices that artificially re-create aircraft flight environment for pilot training, design, or other purposes. The study of UAV flight training and simulation market include the simulators used in the military and commercial sector for pilot training.
Key Market Trends
Military and Law Enforcement segment dominates in terms of market share
The military and law enforcement segment of the UAV flight training and simulation market had the highest share in 2018. This was mainly due to the growth of the military role of UAVs at unprecedented rates by economically developing countries. There are more than 32 countries, engaged in the development and manufacturing of more than 300 models of UAVs, of which, around 80-100 UAVs are used by these nations for military and defense purposes. The development of new models with advanced military capabilities is expected to generate demand for advanced UAV training and simulation. However, the civil and commercial segment is expected to register the highest CAGR during the forecast period. This is majorly due to the growing applications of UAVs like delivery of parcels, medicines, and other commercial applications along with the stringent rules for flying a UAV or drone in the city or states, which will demand better trained remote pilots. This need for trained pilots is fueling the growth of the UAV flight training and simulation devices.
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North America dominates in terms of market share
The North American segment is currently dominating the market and is expected to continue to dominate the market during the forecast period. This growth is primarily due to the increasing use of UAVs for military operations like intelligence, surveillance, and reconnaissance (ISR) mission, combat and other missions by the United States. Also, ongoing tests and trails by the US companies for use of drones for deliveries of medical equipment and packages are expected to drive the growth in North America during the forecast period.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: UAV Flight Training And Simulation Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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