LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global UAV flight training and simulation market is expected to reach close to USD 754.8 million in revenue by 2019.
This research report titled ‘Global UAV Flight Training and Simulation Market 2015-2019’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all leading regions.
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“The demand for UAVs is significantly increasing due to their cost effectiveness and capability to perform complex tasks. For example, in the oil and gas and mineral industry, UAVs can be utilized to conduct geophysical and geomagnetic surveys. In the defense industry, UAVs are utilized to perform surveillance missions with the capability of hitting the target using small missiles. These use high-precision zoom cameras and video cameras with infrared and electro-optic capability for night vision. UAVs can send information to other aircraft and ground forces,” said Abhay Singh, one of Technavio’s lead analysts for aerospace research.
Market segmentation by UAV type
- HALE UAVs
- MALE UAVs
Largest segment: training and simulation market for HALE UAVs
The global UAV flight training and simulation market is likely to reach USD 341 million by 2019. Globally, the increased utilization of UAVs across industries has led to more R&D in different countries. For example, a program led by the defense forces of the US and Boeing has developed a high-altitude long-endurance (HALE) UAV named the Boeing Phantom Eye. The flight was first tested in 2012 at the Edwards Air Force Base, where it reached a height of 4,000 feet. The US Missile Defense Agency has funded an additional USD 6.8 million to install various payloads on it.
Northrop Grumman is developing the Global Hawks under the Alliance Ground Surveillance program (AGS) by the North Atlantic Treaty Organization (NATO), and it is expected to be in service by 2017.
Second largest segment: flight training and simulation market for MALE UAVs
The global flight training and simulation market for MALE UAVs is likely to reach USD 294 million by 2019. Medium altitude long endurance (MALE) UAVs are considered safer for surveillance. The US DoD has invested close to USD 6.5 million for their defense forces to develop MALE UAVs that include the Army, Air Force, Navy, and Defense Information Systems Agencies. In 2015, a joint program named Tactically Exploited Reconnaissance Node (TERN) Phase II was sponsored by the US Defense Advanced Research Projects Agency (DARPA) and Office of Naval Research (ONR), where AeroVironment and Northrop Grumman were awarded a contract to develop MALE UAVs.
In 2015, India being one of the largest importers of defense armaments, approved a contract worth USD 400 million to purchase 10 Heron MALE UAVs from Israel Aerospace Industries. This move will help India strengthen their surveillance and reconnaissance missions at borders areas to a great extent.
Global UAV flight training and simulation market for SUAVs
These days, the demand for small, unmanned air vehicles (SUAVs) has risen because geophysical processes associated with natural disasters like earthquakes, hurricanes, and volcanoes need to be analyzed now more than ever before, especially given rapid climate changes. It is estimated that more than 7,500 SUAVs will be flying during the forecast period because of increased application in the agriculture, mining, and defense industry.
In 2013, the US Army awarded a contract worth $248 million to five companies: AeroVironment, Elbit Systems, Lockheed Martin, Altavian, and Innovative Automation Technologies to develop future SUAVs. The US Army has also signed a contract with AeroVironment in 2011 to supply switchblades for a miniature UAV. These developments are anticipated to help the market record significant growth over the next four years.
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