SAN FRANCISCO, March 31, 2020 /PRNewswire/ -- The global flight
simulator market size is expected to reach USD 6.4 billion by 2027, expanding at a
revenue-based CAGR of 4.2%, according to a study
conducted by Grand View Research, Inc. Increasing adoption of Full
Flight Simulator (FFS) owing to high fidelity and reliability is
expected to provide adequate growth prospects over the coming
years. Customers also opt for fixed Flight Training Devices (FTDs)
on account of their low operational costs, modular approach,
real-time aerodynamic aviation model, and remote configuration and
management. The industry is expected to witness moderate growth
over the forecast period owing to the aforementioned factors.
Key suggestions from the report:
- The FFS product segment accounted for over 90% of the
overall revenue in 2019 and is expected to witness a revenue-based
CAGR of 4.6% during the forecast period. This growth is owing to
features that provide motion, sound, visuals, and all other
aircraft operations that create a realistic aviation training
environment
- The demand in civil application segment is primarily due to
the rising air traffic coupled with the growing emphasis on the
passenger as well as pilot safety. Governments in several countries
have enforced strict regulations regarding the use and significance
of simulation training
- Europe accounted for more
than 30% of the overall market share in 2019 and is expected to
exhibit a modest growth over the next eight years on account of the
elevating enforcement of regulations pertaining to pilot training
and passenger safety
- In Asia Pacific, the flight
simulator market is estimated to exhibit a substantial growth over
the forecast period in light of the growing aviation industry,
resulting in the increasing demand for aircraft simulators.
Middle East and Africa is also projected to showcase a
substantial demand of over 5%, which is primarily be attributed to
the presence of carriers including Emirates, Etihad Airways, and
Qatar that are investing heavily
in this industry
- Prominent industry players include CAE, Boeing, L-3 Link
Simulation and Training, Lockheed Martin, Rockwell Collins, Thales
and Saab. Industry participants emphasize on joint ventures,
mergers, and acquisitions in order to acquire greater financial,
technical, marketing, manufacturing, and distribution
expertise.
Read 104 page research report with ToC on "Flight Simulator
Market Size, Share & Trends Analysis Report By Product (Full
Flight Simulator (FFS), Fixed Flight Training Devices (FTD)), By
Application (Military & Defense, Civil), By Region, And Segment
Forecasts, 2020 - 2027''
at: https://www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market
The market is poised for growth owing to advances in aircraft
simulation technology which is expected to change the pilot
training. The need to effectively replicate real flying training
with the usage of motion and visual systems has resulted in the
introduction of sophisticated simulators in the flight simulators
market. Increase in government spending and growing security
concerns particularly in the military sector is anticipated to
escalate product demand significantly. The rising concerns over
pilot training cost along with fluctuating fuel prices may further
drive the market over the next eight years.
The design of aircraft simulators is based on original cockpit
of respective aircraft models. Companies like Lufthansa Aviation
Training offer simulators with cockpit designs from aircraft
manufacturers like Airbus S.A.S, Boeing, Bombardier, and Embraer.
The company provides simulators with navigation trainer, which
imparts practical instrument training by replicating different
weather and environmental conditions. Technological advancements
have significantly resulted in motion systems being converted from
hydraulic to electric for improved fidelity and smoothness.
Additionally, advancements such as the onset of advanced visual
systems that offer more than 180-degree view in satellite quality
of all important objects at the relevant airport is also
anticipated to provide growth prospects in this industry.
Grand View Research has segmented the global flight simulator
market based on product, application, and region:
- Flight Simulator Product Outlook (Volume, Million Units;
Revenue, USD Million, 2016 - 2027)
-
- Full Flight Simulator (FFS)
- Fixed Flight Training Devices (FTD)
- Flight Simulator Application Outlook (Volume, Million Units;
Revenue, USD Million, 2016 - 2027)
-
- Flight Simulator Regional Outlook (Volume, Million Units;
Revenue, USD Million, 2016 - 2027)
-
- North America
-
- Europe
-
- Asia Pacific
-
- South America
-
- Middle East & Africa
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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Grand View Research, Inc.
Phone: +1-415-349-0058
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Email: sales@grandviewresearch.com
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SOURCE Grand View Research, Inc.