The Europe Flight Simulator Market is estimated to grow in a remarkable way during the forecast period. It is estimated that the target market in the European region is likely to grow at a CAGR of around 4% over the forecast period of 2021-2026.
A flight simulator is a technology that can artificially re-create the aircraft flight experience and the environment for pilot training, design, or other purposes. This procedure includes duplicating the equations that govern how aircraft fly, how they react to the flight controls applications, how the aircraft reacts to external factors such as air density, turbulence, wind shear, precipitation, cloud, etc., and, the effects of other aircraft systems. This flight simulation technology is utilized for a variety of reasons which includes flight training (mainly of pilots), the design & development of the aircraft itself, and the research into aircraft characteristics & qualities of control handling.
L3Harris Technologies, an American technology company, defense contractor and information technology services provider that produces flight simulators has announced that they have signed a definitive agreement under which American Holoptics, an affiliate of Koucar Management, will acquire the EOTech business.
Lockheed Martin Corporation's business unit, Sikorsky, has selected by the US army to build prototype aircraft for its Future Attack Reconnaissance Aircraft (FARA) program for replacing the army's AH-65 Apache and OH-58D Kiowa Warrior helicopters.
The growth of the Europe flight simulator market is attributed to the rules and regulations of the European Union regarding air traffic and safety concerns and the demand for the pilots. The surge in demand for the new pilots in a safe way and the factor like inexpensiveness & safety while using them for a trainee are the major drivers of the growth of the Europe Flight Simulator Market.
And, the ease in owning and maintaining these flight simulators, when compared to real airplanes and the stringent regulation in the air traffic by the European Union are bolstering the growth of the target market in the European area.
Market Segmentation of Europe Flight Simulator Market until 2025.
By Platform: the Europe Flight Simulator Market is segmented into Commercial Aircraft Simulator, Narrow Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Military Aircraft Simulator, Combat Aircraft, Transport/Tankr Aircraft, Training Aircraft, Special Mission Aircraft, Helicopter Simulator, and Unmanned Aerial Vehicles (UAVs) Simulator.
By Solution: Hardware, Software, Services, Hardware Upgrade, and Software.
By Type: Flight Simulators, Full Flight Simulators, Flight Training Devices, Flight Mission Simulators, Fixed Base Simulators, Flight Simulator Training, Line flight training, and Virtual flight training.
By Region: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe. In the regional analysis of the Europe Flight Simulator Market, Germany, UK, France, and Russia are contributing the significant share of the market's revenue. The growth of the flight simulators market in these countries is due to the growing air traffic and the culture of traveling in these countries. Notably, the increasing budget of defence by the Russian government for the growth of their airforce units is boosting the demand for the flight simulators in this area.
The key players of the Europe Flight Simulator Market include CAE Inc. (Switzerland), L3Harris Technologies, Inc. (US), Lockheed Martin Corporation (US), Advanced Rotorcraft Technology, Inc. (US), Boeing (US), FlightSafety International (US), FRASCA International Inc. (US), Thales Group (France), TRU Simulation + Training Inc. (US), and United Technologies Corporation (UTC) (US).
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Regional & country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms by application and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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