We are monitoring the impact of COVID-19 on Flight Simulator Market Get in touch with us for detailed analysis Know More
Pulished Date November, 2019
ID: 8931
Share on
Share on

Global Flight Simulator Market Analysis Report – Segmented By Platform, Solution, Type, Region (((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Industry Analysis on Size, Share, Trends, Growth, Forecast | 2019 - 2025

Pulished: November, 2019
ID: 8931
Pages: 120

Global Flight Simulator Market Size & Growth (2019 - 2025)

The market size of flight simulators at a global level is estimated at USD 5.7 billion in 2019 and predicted to worth USD 7.7 billion by 2025, at a CAGR of 5.2% during the forecast period. 

What is a flight simulator?

A flight simulator is an excellent device that is used for pilot training purposes as it recreates aircraft flight where the trainers can easily understand all the applications of controls in flight. The design and development of the aircraft can also be improved by flight simulation. It also helps to evaluate various characteristics of the aircraft and flight controls. Also, in research centers, these flight simulators have an important role in manufacturing advanced versions of the aircraft with advanced technology. In 1910, the first flight simulator was introduced and in World War I and World War II, these are used to train new pilots with various skills. Flight simulator delivers better outcome regarding flight control operations and others to students and makes easy to handle actual aircraft after training. At NASA Ames research center there is the world's largest simulator which is the so-called vertical motion simulator (VMS). This is a modern high-end flight simulator and is best to use in the shuttle programs.

Flight Simulator Industry Driving Factors

The rise in the adoption of the latest technological advancements in these flight simulators is making the simulation training teach the awareness of safety and increase the skills. Also, these advancements are directing the practice in a natural flight experience by amalgamating the AI (Artificial Intelligence) and virtual reality.

The rising flight passengers across the globe are attributing the airlines to offer more commercial flight deliveries. And proportionally, with the increase of aircraft, the demand for the new pilots is also growing. To train these new pilots in a safe way, these flight simulators are adopted. These are some of the significant factors for the growth of the global flight simulator market.

Also, the ease of owning and maintaining of these flight simulators, when compared to real air-planes, is very inexpensive. The factor of this inexpensiveness and safety while using them for a trainee are the reasons for the adoption of these simulators in the training industry.

Major Challenges

But because of the stringent licensing process and complexities involved when acquiring one are the major let down factors of the adoption of these simulators and cockpits of the airplane. And the high costs of these simulators and trainers like FAA Qualified Level 6& 7 FTD aka fixed-base simulators, which cost around $2 million and FNPT II, Flight and Navigation Procedures Trainer, which costs about $2.5 million are the significant challenges that the Flight Simulator Market has to come over.

Growing Opportunities in the Industry

The increase in the investments in developing these flight simulators for more compatibility and train in a more complicated situation with these simulators is creating opportunities in the market.

Also, demand for the realistic way to train a trainee pilot is making airlines to force these simulator manufacturers to develop their flight simulators. Due to this, new players in the market with innovative technologies are having an excellent opportunity for their growth.

Recent Developments in the industry: 

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2025

Segments Covered

By Platform, Solution, Type, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Collins Aerospace (US), Flight Safety International (US), L-3 Communications (US), CAE (Canada), Boeing Company (US), SIMCOM Aviation Training (US), Frasca International (US), TRU Simulation + Training (US), Raytheon Company(US), and Precision Flight Controls (US).

 

This market research report on Global Flight Simulator Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2025.

Flight Simulator Market Analysis - By Platform

  • Commercial Aircraft Simulator
  • Narrow Body Aircraft
  • Wide-Body Aircraft
  • Very Large Aircraft
  • Regional Transport Aircraft
  • Military Aircraft Simulator
  • Combat Aircraft
  • Transport/Tanker Aircraft
  • Training Aircraft
  • Special Mission Aircraft
  • Helicopter Simulator
  • Unmanned Aerial Vehicles (UAVs) Simulator

On the basis of platform, the Commercial aircraft simulator segment is holding with the highest shares of the market where military aircraft simulator is positioned second in leading the largest shares of the market. The rising popularity of flight simulators across the world is boosting up the demand of the market. Along with increasing investments in the aircraft, research centers are escalating the growth rate of this market. 

Flight Simulator Market - By Solution

  • Products
  • Hardware
  • Software
  • Services
  • Hardware Upgrade
  • Software Upgrade

On the basis of the solution, the services category is accounted for in holding the highest shares of the market. Hardware and software segments are expected to have the fastest growth rate in the coming years. Increasing pilot training institutes in military and commercial sectors is eventually making the market share to move forward. In addition, a rise in the demand for cost-effective training procedures in both primary and regular training institutes is lavishing the growth rate of the market. 

Flight Simulator Market - By Type

  • Flight Simulators
  • Full Flight Simulators
  • Flight Training Devices
  • Flight Mission Simulators
  • Fixed Base Simulators
  • Flight Simulator Training
  • Line Flight Training
  • Virtual Flight Training

On the basis of type, the Flight training devices segment is ruling with the largest shares of the market. Growing prevalence to promote effective training sessions for the students is leveling up the demand of the market. 

Flight Simulator Market - By Region

The Flight Simulator Market Report includes the segmentation of Regions with their respective Countries.

  • North America Flight Simulator Market includes U.S, Canada

  • Europe Flight Simulator Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Flight Simulator Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Flight Simulator Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Flight Simulator Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, North America is holding the largest shares of the flight simulators market. Increasing focus on improving the services in the military sector and also to promote effective training procedures is bolstering the growth rate of the market. Quick adoption of the latest technology and launch of innovative products in aircraft is magnifying the demand of the market. Following North America, Europe is witnessed in having the largest shares of the market with the increasing awareness over the utilization of flight simulators in various applications. The Asia Pacific is growing at a faster rate from the past few years by owing to increasing applications in flight simulators in the commercial sector to train new pilots. 

Top companies in the market

Some of the key players in the flight simulators market are Collins Aerospace (US), Flight Safety International (US), L-3 Communications (US), CAE (Canada), Boeing Company (US), SIMCOM Aviation Training (US), Frasca International (US), TRU Simulation + Training (US), Raytheon Company(US), and Precision Flight Controls (US).

 

 

  • Global and 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
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample