Global UAV Flight Training and Simulation Market

UAV Flight Training and Simulation Market Size, Share, Growth Analysis, By Type(SUAVs, HALE UAVs, and MALE UAVs), By Application(Defense & Military, and Civil & Commercial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45E2236 | Region: Global | Published Date: April, 2024
Pages: 194 | Tables: 62 | Figures: 72

UAV Flight Training and Simulation Market News

In July 2022, CAE, a leading name in flight training and simulation based in Canada, signed a Memorandum of Understanding (MoU) with Boeing to expand their defense aerospace training capabilities in the future.

MORAI, a digital twin simulation provider based in South Korea announced the launch of its new simulation platform for aircrafts back in September 2022.

UAV Flight Training and Simulation Market Report Snapshots

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UAV Flight Training and Simulation Market size was valued at USD 600 million in 2022 and is poised to grow from USD 677.40 million in 2023 to USD 1784.41 million by 2031, growing at a CAGR of 12.9% in the forecast period (2024-2031).

UAV flight training and simulation providers can utilize advanced simulation technologies such as augmented reality and virtual reality to improve the immersiveness for pilots. Companies can also focus on collaborating with governments and regulatory authorities to stay up to date on changing regulatory landscape. Collaborations, mergers, and partnerships are estimated to be highly popular strategies in the UAV flight training and simulation market. 'MacDonald', 'General Atomics', 'Dettwiler and Associates Ltd.', 'BAE Systems', 'Simlat Ltd.', 'CAE Inc.', 'BOSH Services Inc.', 'Zen Technologies Limited', 'Textron Systems', 'SELEX Galileo', 'AeroVironment Inc.', 'Northrop Grumman Corporation ', 'L-3 Link Simulation & Training', 'Israel Aerospace Industries', 'Crew Training International Inc.', 'Thales Training & Simulation', 'SDS International Inc.'

UAVs find immense scope of application and use in different industry verticals such as military, commercial, and civil, which is what has propelled the sales. Rising sales means the need for more UAV pilots, which also boosts demand for UAV flight training and simulation.

The massive military and defense spending budget of North American countries allows this region to account for substantial share of the UAV flight training and simulation market. The United States is the country with highest per capita GDP spending on military and defense applications, which is a key factor in allowing North America to hold sway over other regions. Advancements in drone technology and growing use of UAVs in different industry verticals are other factors that help North America maintain its dominance in the landscape.

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UAV Flight Training and Simulation Market Size, Share, Growth Analysis, By Type(SUAVs, HALE UAVs, and MALE UAVs), By Application(Defense & Military, and Civil & Commercial), By Region - Industry Forecast 2024-2031

UAV Flight Training and Simulation Market News

UAV Flight Training and Simulation Market Report Snapshots

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