Chicago, July 30, 2023 (GLOBE NEWSWIRE) -- The Drone Simulator Market by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type and Region - Global Forecast to 2027". In the coming years, the drone simulator industry is expected to witness various technological developments such as advancements in the synthetic training system, innovation in UAVs and their payloads, and the emergence of 3D simulation provisions for UAV training.
[209 Pages Report] According to industry research firm MarketsandMarkets™, the Drone Simulator Market is expected to grow at a CAGR of 13.4% from 2022 to 2027, reaching USD 1,501 million by 2027. A drone simulator is a computer system and software solution that provides an artificial environment for drone flight training. Pilots can learn to simulate unmanned aircraft and payloads while ensuring high-level safety and security. The drone flight simulation includes different devices such as flight controls, simulator screens, and software support for pilot training and operation. Affordability of simulator training, increasing demand for drones in commercial and military applications, and intellectual capabilities are driving the demand for drone simulators.
Drone Simulator Market Dynamics:
Driver: Affordability of simulator training
Training pilots using a drone simulator is affordable compared to the training that involves using actual drones. Training with actual drones can be costly and is prone to accidents, which may damage the drone. Hence, it is considered to provide virtual training to the pilot to help control the drone even before they operate in real-time. Drone simulators can be used multiple times to train pilots for longer. Drone training institutions are employing drone simulators to train pilots. For instance, L-3 Link Simulation and Training (US) and the University of North Dakota offer MQ-1 Predator and MQ-9 Reaper Unmanned Aerial System (UAS) training opportunities for students and US government agencies. The drone simulator market is expected to increase owing to the low cost of simulation training.
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Restraint: Stringent government regulations and lack of air traffic management
Unmanned aerial systems (UAS) and flight operations involve high-risk air travel, especially beyond the visual line of sight. Their operations over long distances increase the probability of accidents, property damage, and economic losses. Hence, several countries have stringent regulations for deploying UAVs near airports, international borders, government buildings, no-fly zone areas, temporary flight restriction areas due to lack of air traffic management, and safety and security issues. According to the US Air Traffic Control Association (ATCA), the use of drones in civil airspace is one of the major challenges faced by the aviation industry of the country. Presently, drones are prohibited from flying in civil airspace except for certain companies that have received exemptions to conduct tests and carry out demonstration flights.
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Opportunity: Improvements in operational regulatory frameworks
The first 500 exemptions approved by the Federal Aviation Administration (FAA) of the US from the 1,500 petitions filed and evaluated by the Association of Unmanned Vehicle Systems International (AUVSI) in 2015 were rendered to more than 20 key industries, including real estate, aerial surveying, and photography, agriculture, etc., with aerial inspection being the top 5 categories stated in approved applications. More than 80% of the applicants were small companies, while among the well-established companies who obtained exemptions were Chevron (US), Amazon (US), and Dow Chemical Company (US). However, exemptions were provided to operators in 48 states of the country.
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Challenge: Fully automated drones
Advanced drone software can make the drones autonomous. They do not require a pilot to fly and control. Drone software is not only designed to maneuver the drones, but it also provides a system to monitor the surrounding. Drones can perform tasks independently and collect and send the required information to the user. Thus, this decreases the need for trained drone pilots, which is a challenge for the drone simulator market. In 2016, Airobotics Solutions (Israel) developed an Optimus drone that can launch, fly, land, and maintain on its own. It can be used in seaports, power plants, mines, and oil & gas.
Drone Simulator Market Ecosystem
Prominent companies and startups that provide simulators and their services, distributors/suppliers/retailers, and end customers are the key stakeholders in the drone simulator market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries serve as the major influencers in the market.
Top Drone Simulator Companies - Key Market Players
The drone simulator companies are dominated by a few globally established players such as CAE Inc. (Canada), Israel Aerospace Industries Ltd. (Israel), Leonardo S.p.A. (Italy), Zen Technologies Limited (India), Havelsan A.S. (Turkey), General Atomics Aeronautical Systems, Inc. (US), Simlat UAS & ISR Training Solutions (Israel), and ST Engineering (Singapore)
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UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region - Global Forecast to 2027
https://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html
