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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.
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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.
List of Key Players Profiled in the UAV Simulator Market Report:
Further Report Findings:
Table of Segmentation
Value (USD million)
By Product Type