Flight Simulator Market Professional Survey Capacity, Production and Share by Manufacturers 2018
According to a new report published by Reports Monitor titled, “ Global Flight Simulator Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global flight simulator market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Flight simulator is a device that artificially re-creates aircraft flight and the environment where it flies for design, pilot training, and several purposes. Flight simulation is primarily used for several reasons which includes the design and development of the aircraft itself, flight training, and research into aircraft characteristics in addition to control handling qualities. It relates with replicating the equations that govern how they react to applications of flight controls, how aircraft fly, the effects of other aircraft systems, and how the aircraft reacts to external factors considering precipitation, air density, turbulence, wind shear, cloud, etc.
The key emerging factors of fleet modernization plans by airlines and continuous shift from conventional to simulation based training are anticipated to boost the growth of market. Cost-effective flight simulators is emerging in the market. Mounting need to train new pilots all over the globe and expanding adoption of virtual training to ensure safety are the factors driving the flight simulator market. Additionally, need for cost-cutting in pilot training, rising demand for unmanned military vehicles and increasing number of aircraft deliveries in both military and commercial domain are the other important factors driving the market. Lack of Interoperability as well as high complexity of simulator systems are the factors hindering the growth of the market.
The advantages associated with the flight simulation include an ability to save fuel costs, ensuring aircraft safety and high efficiency of simulation technology are presumed to have a positive impact on the growth of this industry. Technological advancements in the field of flight simulators is predicted to show a significant growth in near future. The development of simulators for unmanned aerial vehicles is expected to act as an opportunity for market growth. The improvement in aerospace management and better evaluation of pilots are the factors projected to boost the market growth in the near future.
The global Flight simulator market on the basis of types is segmented as flight training devices (FTD), part task trainers (PTT), full flight simulators (FFS), cockpit procedure trainers (CPT), and system trainers. Full flight simulator is anticipated to reveal high growth owing to the surging demand across commercial and military sector in the coming years. It is determined as one of the uppermost level of technical complexity and training capability in the Federal aviation administration and European aviation safety agency regulations. Based on application, the market is classified into military and commercial sectors. Military sector is predicted to witness significant growth owing to the high government expenditures and increasing terrorist activity. Moreover, on the basis of regions covering Asia Pacific, North America, Europe, Latin America and the Middle East and Africa.
The global flight simulator market covers the regions such as Asia Pacific, North America, Europe, Latin America and the Middle East and Africa. North America is estimated to grow rapidly in the market followed by Europe due to the existence of a large number of key players in this region. The inflexible government regulations favoring the market is also expected to drive the growth of the market. Asia Pacific is also anticipated to witness the rapid growth owing to the increasing air travel in this region and growing demand for training of pilots over the forecast period. The mergers and acquisition is considered as the major trend emerging in the market growth.
The key vendors in this market are: Diamond Visionics LLC, Lockheed Martin, Augusta Westland, NGRAIN Corporation, L-3 Link, CAE Inc., Rockwell Collins, Thales Training & Simulation Ltd, Pacific Simulations Ltd., FlightSafety International Inc.
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