Latin America Flight Simulator Market

Latin America Flight Simulator Market Analysis Report (2021 - 2026)

The Latin America Flight Simulator Market is expected to grow considerably during the forecast period. It is estimated that the target market in the Latin America region is growing at a CAGR of around 2.53%.

A flight simulator is a technology that can virtually create the aircraft flight experience to train pilots, and understand their 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 such as the research into aircraft characteristics & qualities of control handling.

The growth of the Latin American flight simulator market in this region is due to the rising flight passengers because of the airlines offering more commercial flight deliveries. Therefore, proportionally with the increase of aircraft, the demand for new pilots is also growing, which is developing the need for this technology to train them.

Recent Developments

• 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. 

Drivers and Restraints of Latin America Flight Simulator Market

The advancements that are directing the training in a natural flight experience by amalgamating the AI(Artificial Intelligence) and virtual reality is the primary driver for the growth of the Latin America Flight Simulator Market.

The need to train the new pilots in a safe way is also accelerating the growth of the flight simulator market in this region. The growing flight passengers because of the airlines offering more commercial flight deliveries are the factors that are boosting the growth of the Latin America Flight Simulator Market.

Market Segmentation of Latin America Flight Simulator Market

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

• By Product: Hardware, Software, Services, Hardware Upgrade, and Software Upgrade based on the solution.

• By Type: Latin America Flight Simulator Market is segmented into Flight Simulators, Flight Training Devices, Flight Mission Simulators, Full Flight Simulators, Fixed Base Simulators, Flight Simulator Training, Line flight training, and Virtual flight training.

• By Region: Brazil, Mexico, Argentina, Chile & the Rest of LATAM. In the regional analysis of the Latin America Flight Simulator Market, Brazil, Argentina, Peru, and Chile are the major contributors to the market's revenue. The growth of the target market in these countries is attributed to the growing immigration and the air passenger due to the low-cost of traveling availabilities in the countries mentioned above.

The key players of the Latin America 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).