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UAV Simulator Market to Surge at 16.76% CAGR till 2027; Growing Popularity of Simulation Software to Broaden Business Horizons for Market Players

January 19, 2021 | Aerospace & Defense

The global UAV simulator market size is projected to reach USD 2,277.3 million by 2027 on account of extensive utilization of fixed-wing drones by armed forces worldwide, states Fortune Business Insights™ in its report, titled “UAV Simulator Market Size, Share & Covid-19 Analysis, By Product Type (Fixed Wing, Quad-copter, Helicopter), By Components (Hardware, Software) By Platform (Military & Defense and Commercial) and Regional Forecast, 2020-2027”. The report also states that the global market value was estimated to be USD 659.4 million in 2019 and the market is predicted to showcase a CAGR of 16.76% from 2020 to 2027.


The COVID-19 pandemic has had a positive impact on the growth of this market as drones have proven instrumental in ferrying essential medical supplies to healthcare facilities and delivering everyday goods to consumers. The demand for commercial application of UAVs has soared amid the coronavirus pandemic and the wide-ranging benefits offered by these devices will ensure their sustained adoption in the foreseeable future.


Redbird Flight Academy Delivers First Batch of Drone Pilots in India


India’s first batch of 15 trained drone pilots for rolled out by the Redbird Flight Training Academy, based in Baramati, Maharashtra, in November 2020. Certificates to the new pilots were awarded in the presence of an official from India’s Civil Aviation Ministry. Spanning 5 days, the course featured three components – simulator training, classroom training, and real-life drone flying experience. For the drone training experience, Redbird utilized the P1 drone model, weighing approximately 2.8kg and manufactured by Mumbai-based Rays Aviation. The training of drone pilots using UAV simulator technologies is being seen as an important step by the Indian government to promote and strengthen the domestic drone industry. 


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/uav-simulator-market-market-104081


Expanding Defense Budgets of Major World Economies to Benefit the Market


Major economic powers are rapidly enhancing their defense capabilities by increasing their spending on military technologies. The main reason for such increased spending is the growing focus of countries to counter any foreseen and unforeseen threats that may endanger national security. According to the Stockholm International Peace Research Institute (SIPRI), in 2019, world military expenditure was standing at USD 1,917 billion. The US, China, India, Russia, and Saudi Arabia emerged as the biggest spenders, the SIPRI data reveal. Expanding budgetary allocation for defense reflects a country’s intention to equip its armed forces with advanced military technologies such as unmanned aerial vehicles (UAVs). These machines have been immensely efficient in gathering data from surveillance operations and with cross-border conflicts intensifying between neighboring nations, the deployment of UAVs has notably grown over the past few years. Further, UAV simulators are also playing a critical role in training and skilling pilots to perform spying activities in enemy territories and prepare them for crisis situations.


Launch of Versatile Simulation Solutions to Heat up the Market’s Competitive Landscape


With key players in the global market focused on launching next-generation, versatile simulator products the competitive landscape of the market is getting charged up. Several drone manufacturers are actively developing simulation systems that cover a wide range of scenarios to provide a holistic training experience to potential pilots. These offerings are allowing companies to diversify their portfolios and fueling the UAV simulator market growth.


Industry Development:



  • April 2019: The Spanish aerospace company, UAV Navigation, showcased the newest version of its Hardware in the Loop (HIL) simulator under its flight control systems for UAVs lineup. The upgraded variant, Version 8, contains a vast array of new features, such as automatic actions at waypoints and improved user interface, for fixed wing, rotary wing, and target drone manufacturers.


List of Key Players Profiled in the UAV Simulator Market Report:



  • Singapore Technologies Electronics Limited (Singapore)

  • Northrop Grumman Corporation (U.S.)

  • Israel Aerospace Industries Ltd. (IAI)

  • CAE Inc. (Canada)

  • Leonardo S.P.A (Italy)

  • SILKAN (France)

  • Zen Technologies Ltd. (India)

  • Textron Inc.

  • L3 Harris Technology Inc.

  • General Atomics Aeronautical Systems Inc. (U.S)


Further Report Findings:



  • The hardware segment is anticipated to register a healthy growth trajectory in the upcoming years as UAV simulator systems comprise various hardware components. In 2019, the segment’s market share was 19.8%.

  • North America is expected to dominate the UAV simulator market share during the forecast period owing to the presence of a robust aerospace & defense industry and proliferation of UAV manufacturers in the US and Canada. The region’s market size in 2019 stood at USD 250.6 million.


Table of Segmentation











































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD million)



Segmentation



By Product Type



  • Fixed Wing

  • Quad-copter

  • Helicopter



By Components



  • Hardware

  • Software



By Platform



  • Military & Defense

  • Commercial



By Geography



  • North America (By Product Type, Component, Platform, and By Country)

    • The U.S.  (By Product Type)

    • Canada (By Product Type)



  • Europe (By Product Type, Component, Platform, and By Country)

    • The U.K. (By Product Type)

    • Germany (By Product Type)

    • France (By Product Type)

    • Russia (By Product Type)

    • Rest of Europe (By Product Type)



  • Asia Pacific (By Product Type, Component, Platform, and By Country)

    • Japan (By Product Type)

    • China (By Product Type)

    • India (By Product Type)

    • Southeast Asia (By Product Type)

    • Rest of Asia Pacific (By Product Type)



  • Rest of the World (By Product Type, Component, Platform, and By Country)

    • The Middle East (By Product Type)

    • Africa and Latin America (By Product Type)




Global UAV Simulator Market
  • PDF
  • 2019
  • 2016-2018
  • 200

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