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The global flight simulator market size was valued at USD 4.38 billion in 2022 and is
projected to grow from USD 4.89 billion in 2023 to USD 6.99 billion by 2030,
exhibiting a CAGR of 5.25% during the forecast period.
A flight simulator is an electronic and
mechanical training apparatus designed to emulate the sensation of operating an
aircraft. It offers a lifelike virtual setting in which pilots can hone and
enhance their aviation expertise, all without the necessity of a physical
aircraft. These systems employ cutting-edge technologies, including
computer-generated visuals, motion platforms, and precise flight mechanics, to
construct an exceptionally immersive and interactive training environment.
This
information is provided by Fortune Business Insights™ in its research report
titled “Flight Simulator Market,
2024-2030.”
Browse In-depth
Summary of This Research Insight:
https://www.fortunebusinessinsights.com/flight-simulator-market-102592
List of Key Players Mentioned in the Report:
·
CAE Inc. (Canada)
·
FlightSafety International Inc.
(U.S.)
·
L3Harris Technologies Inc. (U.S.)
·
The Boeing Company (U.S.)
·
Thales Group (France)
·
TRU Simulation + Training Inc.
(U.S.)
·
Raytheon Technologies Corporation
(U.S.)
·
Indra Sistemas S.A. (Spain)
·
Aero Simulation Inc. (U.S.)
·
HALVESAN (Turkey)
Segments- Flight Simulator Market Size:
Type of Flight Simulator:
·
Full Flight Simulator (FFS)
·
Flight Training Device (FTD)
·
Advanced Aviation Training Device
(AATD)
·
Others
End-User:
·
Commercial Aviation (Airlines,
Airports, etc.)
·
Military Aviation (Air Forces,
Defense Organizations, etc.)
·
General Aviation (Training Schools,
Enthusiasts, etc.)
Technology:
·
Hardware (Visual Systems, Motion
Systems, Control Loading Systems)
·
Software (Flight Dynamics,
Computer-Generated Graphics)
·
Services (Training, Maintenance,
Support)
Aircraft Type:
·
Fixed-wing Aircraft
·
Rotary-wing Aircraft (Helicopters)
Region:
·
North America
·
Europe
·
Asia-Pacific
·
Latin America
·
Middle East and Africa
Drivers and Restraints:
Growing Demand for Simulators from the Defense Sector to
Drive the Market Growth
Simulators
offer realistic combat training, which allows military pilots to enhance their skills
and stimulate various combat scenarios. They deliver the dynamics of tactical
scenarios, aircraft operation, and weapon systems, which allow military pilots
to develop and refine their combat skills, such as air-to-ground attacks,
air-to-air engagements, and precision targeting, in a controlled and safe
environment.
The
production and development of aircraft simulators need a lot of financial
investments. Moreover, simulators need to be updated daily to meet the changing
standards in aviation, which adds to the investment costs, thereby hindering
the flight simulator
market growth.
Report Coverage:
The report
on the Flight Simulator Market provides a comprehensive coverage of the
industry, offering valuable insights into its major growth drivers, restraining
factors, opportunities, and potential challenges. It delves into regional
developments, highlighting key trends and dynamics specific to different areas.
The report also includes a list of major industry players, shedding light on
the key contributors to the market. Furthermore, it outlines the key strategies
adopted by these market players to maintain and enhance their positions in the
industry. Additionally, the report keeps you up-to-date with the latest
industry developments, encompassing product launches, strategic partnerships,
mergers, acquisitions, and other notable events, ensuring you are well-informed
about the current state of the Flight Simulator Market.
Regional Insights:
North
America to Dominate the Market Owing to the Presence of Major OEMs
North America led the flight simulator market share in
2022, and its growth is attributed to the presence of major OEMs. The training
business is one of the biggest acquisitions in the market and approximately
doubles CAE’s core military training business in the U.S.
Europe witnessed the second-largest share in the base year. Focusing on safety and risk mitigation, the demand is increasing for aircraft simulators for cost-effective training.
Competitive Landscape:
Leading Players Focus on Product Innovations, UAV Simulators,
Mergers & Acquisitions, and Emerging Markets
The key
players in the market are FlightSafety International Inc., CAE Inc., the Boeing
Company, L3Harris Technologies Inc., Thales Group, and others. Prominent
players focus on emerging markets, technological advancements, mergers &
acquisitions, UAV simulators, and product innovations to grow their market
share.
Key Industry Development:
·
July
2022: L3Harris
Technologies Commercial Aviation Solutions (L3 CAS), a manufacturer of aircraft
simulators and a flight
training provider, and Zhuhai Xiangyi Aviation Technology entered into a
Memorandum of Understanding (MOU) to discover the production of FFS for the
commercial aviation market in China.
The global flight simulator market size was valued at USD 4.38 billion in 2022 and is
projected to grow from USD 4.89 billion in 2023 to USD 6.99 billion by 2030,
exhibiting a CAGR of 5.25% during the forecast period.
A flight simulator is an electronic and
mechanical training apparatus designed to emulate the sensation of operating an
aircraft. It offers a lifelike virtual setting in which pilots can hone and
enhance their aviation expertise, all without the necessity of a physical
aircraft. These systems employ cutting-edge technologies, including
computer-generated visuals, motion platforms, and precise flight mechanics, to
construct an exceptionally immersive and interactive training environment.
This
information is provided by Fortune Business Insights™ in its research report
titled “Flight Simulator Market,
2024-2030.”
Browse In-depth
Summary of This Research Insight:
https://www.fortunebusinessinsights.com/flight-simulator-market-102592
List of Key Players Mentioned in the Report:
·
CAE Inc. (Canada)
·
FlightSafety International Inc.
(U.S.)
·
L3Harris Technologies Inc. (U.S.)
·
The Boeing Company (U.S.)
·
Thales Group (France)
·
TRU Simulation + Training Inc.
(U.S.)
·
Raytheon Technologies Corporation
(U.S.)
·
Indra Sistemas S.A. (Spain)
·
Aero Simulation Inc. (U.S.)
·
HALVESAN (Turkey)
Segments- Flight Simulator Market Size:
Type of Flight Simulator:
·
Full Flight Simulator (FFS)
·
Flight Training Device (FTD)
·
Advanced Aviation Training Device
(AATD)
·
Others
End-User:
·
Commercial Aviation (Airlines,
Airports, etc.)
·
Military Aviation (Air Forces,
Defense Organizations, etc.)
·
General Aviation (Training Schools,
Enthusiasts, etc.)
Technology:
·
Hardware (Visual Systems, Motion
Systems, Control Loading Systems)
·
Software (Flight Dynamics,
Computer-Generated Graphics)
·
Services (Training, Maintenance,
Support)
Aircraft Type:
·
Fixed-wing Aircraft
·
Rotary-wing Aircraft (Helicopters)
Region:
·
North America
·
Europe
·
Asia-Pacific
·
Latin America
·
Middle East and Africa
Drivers and Restraints:
Growing Demand for Simulators from the Defense Sector to
Drive the Market Growth
Simulators
offer realistic combat training, which allows military pilots to enhance their skills
and stimulate various combat scenarios. They deliver the dynamics of tactical
scenarios, aircraft operation, and weapon systems, which allow military pilots
to develop and refine their combat skills, such as air-to-ground attacks,
air-to-air engagements, and precision targeting, in a controlled and safe
environment.
The
production and development of aircraft simulators need a lot of financial
investments. Moreover, simulators need to be updated daily to meet the changing
standards in aviation, which adds to the investment costs, thereby hindering
the flight simulator
market growth.
Report Coverage:
The report
on the Flight Simulator Market provides a comprehensive coverage of the
industry, offering valuable insights into its major growth drivers, restraining
factors, opportunities, and potential challenges. It delves into regional
developments, highlighting key trends and dynamics specific to different areas.
The report also includes a list of major industry players, shedding light on
the key contributors to the market. Furthermore, it outlines the key strategies
adopted by these market players to maintain and enhance their positions in the
industry. Additionally, the report keeps you up-to-date with the latest
industry developments, encompassing product launches, strategic partnerships,
mergers, acquisitions, and other notable events, ensuring you are well-informed
about the current state of the Flight Simulator Market.
Regional Insights:
North
America to Dominate the Market Owing to the Presence of Major OEMs
North America led the flight simulator market share in
2022, and its growth is attributed to the presence of major OEMs. The training
business is one of the biggest acquisitions in the market and approximately
doubles CAE’s core military training business in the U.S.
Europe witnessed the second-largest share in the base year. Focusing on safety and risk mitigation, the demand is increasing for aircraft simulators for cost-effective training.
Competitive Landscape:
Leading Players Focus on Product Innovations, UAV Simulators,
Mergers & Acquisitions, and Emerging Markets
The key
players in the market are FlightSafety International Inc., CAE Inc., the Boeing
Company, L3Harris Technologies Inc., Thales Group, and others. Prominent
players focus on emerging markets, technological advancements, mergers &
acquisitions, UAV simulators, and product innovations to grow their market
share.
Key Industry Development:
·
July
2022: L3Harris
Technologies Commercial Aviation Solutions (L3 CAS), a manufacturer of aircraft
simulators and a flight
training provider, and Zhuhai Xiangyi Aviation Technology entered into a
Memorandum of Understanding (MOU) to discover the production of FFS for the
commercial aviation market in China.
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