The global UAV simulator market size is projected to reach USD 2,277.3 million by 2027, exhibiting a CAGR of 16.76% during the forecast period. Deployment of drones to combat the COVID-19 pandemic has brightened the prospects of this market, finds Fortune Business Insights™ in its report, titled “UAV Simulator Market Size, Share & Industry Analysis, By Product Type (Fixed Wing, Quad-copter, Helicopter), By Components (Hardware, Software) By Platform (Military & Defense and Commercial) and Regional Forecast, 2020-2027”. Unmanned aerial vehicles (UAVs) have been playing a critical role in aiding countries to navigate their economies through the coronavirus crisis. For example, in Switzerland, Swiss Post and Matternet teamed up to utilize drones to transport lab samples between hospitals in three Swiss cities. Wing, a company owned by Alphabet (Google’s parent company), has been actively partnering with local shops in Australia, Finland, and Virginia (USA) to deliver consumer goods to customers. The unusual circumstances created by COVID-19 have, thus, presented UAVs with a unique opportunity to visualize different crisis scenarios and develop UAV simulators embedded with such backdrops to train pilots and operators and prepare them in a more efficient manner.
Information Source -
https://www.fortunebusinessinsights.com/uav-simulator-market-104081
Driving Factor
Incorporation of Virtual & Augmented Reality in Drone Simulations to Fuel the Market
The UAV simulator market growth is getting positively influenced by the integration of virtual reality (VR) and augmented reality (AR) in drone simulation systems by companies. For example, DronOSS, a German UAV startup, has adopted AR tools to simulate obstacles and lifelike structures to train drone pilots. The sensors and cameras attached to the drone allow the operator to pilot the device, with the aim to minimize the probability of crashing the drone in a real-world situation. Similarly, in 2018, engineers at the Massachusetts Institute of Technology (MIT) created a novel VR-based training system for UAVs that allow these vehicles to see a virtual environment while flying through empty space. The system has been conceived to reduce the number of drone crashes during actual training sessions. Recognizing the potential of drones in carrying out different functions, several industry verticals have been deploying these devices to conduct critical operations. Xcel Energy, for instance, became the first utility in the US to use a beyond the visual line of sight (BVLOS) drone for inspection activities. Increasing usage of VR and AR to make UAVs smarter is fostering the long-term growth prospects of this market.
Industry Developments:
- November 2020: India’s Ministry of Civil Aviation launched a program to recruit and train UAV pilots as part of its ambition to make the commercial deployment of drones a reality in the country. The Indira Gandhi Rashtriya Udaan Academy, a flight training owned by the government, will be expanding its facilities to train drone pilots.
- November 2020: Beihang UAS Technology, a Chinese UAV specialist, secured a contract worth 95.5 million baht from the Royal Thai Army (RTA) to develop and deliver a UAV flight simulator to the Artillery Division of the RTA.
