Flight Simulator Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Flight Simulator Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Flight Simulator Market: Snapshot

The global flight simulator market is predicted to witness a spurt of unparalleled research and development in the field of aerospace technology alongside technological developments. While there could be a few deterrents operational in the market, the adoption of flight simulators could be significantly augmented on the back of the improvement of realistic aircraft system logic finished with electronic centralized aircraft monitor (ECAM) and overhead displays.

Products such as fixed flight training device (FTD) and full flight simulator (FFS) are anticipated to record a substantial growth in the global flight simulator market, where the latter could account for a larger share as it had in 2015. High aircraft and environment simulation accuracy, reliability, and fidelity are some of the top features that could raise the demand for FSS in the market. A realistic training environment could be created with the help of FSS that holds the capability to produce all aircraft operations incorporating visuals, sound, and motion.

Certain contracts with suppliers and subcontractors pertaining to considerable inventory procurement are envisaged to be on the rise in the global flight simulator market. Manufacturers entering into such contracts could deal with specified long-term delivery timeframes and determinable prices and quantities. However, for expansion in the market, players could take to mergers and acquisition as a primary strategy. With a view to offer superior offerings, suppliers are foreseen to consistently make efforts to enhance aircraft simulation technology (AST). Integration with technology providers could be another business strategy to be adopted by players for the purpose of reducing time to market (TTM) and further improving product offerings.

Global Flight Simulator Market: Overview

Flight simulator is a device that artificially re-creates an aircraft flight environment for design, pilot training, and other purposes. It provides a near real world experience to pilots. Flight simulators offer complete training as aircraft safety is becoming a major concern the world over.

On the basis of application, the global flight simulator market can be segmented into commercial and military. Rotary wing, fixed wing, and, unmanned aircraft are the segments of type of flight, on which the market can be based upon. 

In the report, an in-depth analysis of market segments and competitive landscape has been presented. The report also provides drivers and restraints of the global flight simulator market. It also profiles key players in the market based on various attributes such as business strategies, company overview, financial overview, and recent developments

Global Flight Simulator Market: Trends and Prospects

The global flight simulator market is driven by numerous factors. Flight simulators offer mission critical training programs that guarantee effective aircraft operation, visual systems that offer near real world experience, and cut operational costs. They are also known to save fuel costs and offer high efficiency.  In addition, safety operation and flight handling requirements such as situational awareness and skill competency and growing demand for better and effective pilot training are set to boost the demand growth of the market.

On the contrary, on-going operation and maintenance cost and high manufacturing cost coupled with limited physical environment and behavioral reliability associated with simulators are a few of the factors that might limit the growth of global flight simulator market.

The military application segment is projected to hold a major part of the market share, and will continue to lead the market in the said period. The growth of this segment can be attributed to the extensive use of military simulators in armed forces training and mission training. However, due to rising demand for commercial pilots, the commercial simulator market will get the desired push, thereby supplementing the growth of this segment over the forecast period. Based on type of flight, the unmanned aircraft segment of the global flight simulator market, will largely contribute to the market share during the forecast period. On account of increasing importance of unmanned aerial systems (UAS) in commercial sector as well as defense, this segment is projected to lead the market.

Global Flight Simulator Market: Regional Analysis

The global flight simulator market is segmented on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World. North America is likely to account for a large market share, and is expected to do so in the forecast period. The market growth of this region can be accredited to factors such as early adoption of technology by manufacturers and consumers and strict regulation imposed by the Federal Aviation Administration (FAA) and Federal Aviation Regulations for the use of simulator for training purpose.

Due to escalating air traffic, rising demand for new aircraft deliveries, growth of trade & tourism, increase in disposable income of the middle class population in emerging economies such as China and India are some of the crucial factors supplementing the market growth in Asia Pacific. This region is projected to register a strong CAGR in coming years. 

Global Flight Simulator Market: Key Players

Fidelity Technologies Corporation, CAE, Cassidian, Boeing, HAVELSAN, Alenia Aeronautica, Lockheed Martin Corporation, Rockwell Collins, Kratos Defense and Security Solutions, Lockheed Martin Corporation, and L-3 Link Simulation are some of the key players in the global flight simulator market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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