Apr 18, 2019   SOURCE: BusinessWire

Global UAV Flight Training & Simulation Market Forecasts to 2024 - Leading Players are CAE, L-3 Technologies, Israel Aerospace Industries (IAI), Textron, and Northrop Grumman Corp - ResearchAndMarkets.com

The "UAV Flight Training and Simulation Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.

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.

Modifications to existing regulations on the use of UAVs will increase the number of users of these unmanned systems in the coming years.

Investments have been made in the technological advancements and R&D to increase the computational capabilities and provide a highly-realistic training platform for advanced learning which will support the growth of the market.

The absence of a concrete and formal structure for the training of UAS pilots is expected to hamper the growth of the UAV training and simulator market.

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.

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.

Competitive Landscape

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.

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverable

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Military and Law Enforcement

5.1.2 Civil and Commercial

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Latin America

5.2.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

6.2 Vendor Market Share

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 CAE Inc.

6.4.2 Israel Aerospace Industries (IAI) Ltd.

6.4.3 L-3 Technologies Inc.

6.4.4 Simlat

6.4.5 General Atomics

6.4.6 Northrop Grumman Corporation

6.4.7 Textron Inc.

6.4.8 Zen Technologies Limited

6.4.9 Quantum3D

6.4.10 H-SIM

6.4.11 Presagis

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/r6z2q5