28 Mar
2024
Highlights:
In recent years, drones, also known as unmanned aerial vehicles (UAVs), have transformed various industries with their versatile applications. They were initially developed for defense and military surveillance applications, photography and delivery services. However, now, they have found a new and exciting purpose in education and training. Drones have emerged as innovative tools for enhancing learning experience, especially in science, technology, engineering, and mathematics (STEM). They are equipped with cameras, sensors, and GPS capabilities which makes them ideal for capturing images, collecting data, and navigating complex terrains.
Types of drones promoting drone training and education services
With the advancements in technology, multi-rotor drones are widely used for training purposes. These drones are framed out to incorporate multiple propellers. They come in different types of models ranging from tricopters to octocopters. Multi-rotor drones are widely used for crop monitoring, aerial photography and videography, short-range product delivery, and asset inspection. Because of their wide applicability, the multi-rotor segment is expected to hold a dominant market share in the industry, generating a revenue of $8014.2 million from 2022 to 2032.
Furthermore, fixed wing drones have gained immense popularity because of their promising applications. These drones are like airplanes, relying on wings to lift them into the air rather than rotors. The drones are typically large and have fuel-powered models. They are mainly used by military personnels and require a runway to operate. Because of their robust structure, these drones are used for long-range payload delivery and unmanned aerial refueling. According to the industry analysis, the fixed wing segment is predicted to witness absolute revenue growth of $3731.2 million during the forecast period.
Which region and country are gaining prominence in the industry?
The drone training and education services industry is examined across different regions and countries. Among all the regions including North America, Asia-Pacific, LAMEA, and Europe, North America region held the highest market share in 2022 and is expected to witness a steady growth from 2023 to 2032. This is mainly due to the increase in the adoption of drones across several sectors such as construction, agriculture, surveying, and public safety across the region. However, the Asia-pacific region is expected to rise at a healthy CAGR during the forecast period due to the increase in demand for effective drone training and education services to facilitate military efforts. By country, India is predicted to manifest a noteworthy CAGR of 39.6% from 2023 to 2032. However, Spain is expected to hold the second position in terms of growth with a CAGR of 38.0% over the estimated period.
Alliances made by top players in the domain that businesses should pay attention to
Several leading players in the domain have made alliances such as mergers, acquisitions, partnerships, and collaborations to safeguard the industry’s competitiveness. For instance, DroneAcharya Aerial Innovations Ltd., a leading provider of industrial drone solutions announced its acquisition of Aerophile Academy Pvt Ltd, a DGCA-certified company providing drone pilot training. With this acquisition, the companies aimed to offer services in different sectors including aerial surveying and mapping, agriculture, corporate videos, mining, transportation and logistics, forestry, disaster management, and construction.
Similarly, in December 2023, Volatus Aerospace, a leading provider of aerial solutions for a diverse range of industries announced its acquisition of two UK-based companies, UAVHub and The Drone Mentor, renowned providers of online video-based drone training and certification. With this acquisition, Volatus Aerospace aimed to expand its boundaries in drone training and certification, creating wider opportunities for students and the aviation community.
To conclude, the increase in the adoption of drones across various industries and the rise in demand for skilled drone operators are expected to fuel the growth of the market in the future. Moreover, the integration of modern technologies such as AR and VR in training services is anticipated to create wide opportunities for the domain in the years to come.
To gain more insights into the drone training and education services industry, feel free to talk to our industry analysts today! They can also help you develop new business strategies and initiatives.
Rosy Behera
Author's Bio- Rosy Behera holds a bachelors degree in Electrical and Electronics Engineering and now she is a content writer by profession. She loves to portray her thoughts and ideas with a nice command of words. Grabbing an audience with her creative write-ups is one of her biggest assets so far. Apart from writing, she is a certified Odisi dancer and has done Gardharva in Drawing, Painting, and Arts. She always explores new things through travel and is a big foodie.
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