Flight Simulator Market:
Growth opportunities in the flight simulator market look promising over the next six years. This is mainly due to government initiatives to adopt the new technologies, growing expansion by leading players, and increasing tourism.
Flight Simulator Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the drivers accelerating the growth of the global flight simulator market includes the rising sales of commercial aircraft, growing tourism couples with the strategic government initiatives to encourage the acquisition of latest technologies. Also, the surging investment in defense and aerospace for restraining the demand of several countries will strengthen the market share. In accordance with, the Aerospace Industries Association (AIA), the Aerospace & Defence industry has exhibited vigorous annual growth owing to the boost in the sales of aircraft which produced earnings of US$ 909 billion in 2019. Among these sales, approximately US$ 459 billion were imputed by advanced manufacturing technology which includes cruise control systems, avionics, and flight simulators, that was raised by 4% over the year 2018.
Enormous dominant players are introducing latest technology through partnerships and associations with the global leading tech industry. For example, Microsoft Flight Simulator, in the first quarter of 2021, has launched Xbox Series X and S which is the most genuine and reasonable flight imparted via game. Gamers can test piloting skills countering real-time challenges through the Xbox series. However, the requirement of high capital investment, skilled and workforce for training and guidance is likely to curb the market growth.
Application Segment Drivers
On the basis of application, the civil segment is anticipated to dominate the market over the forecast period owing to the augmenting air travellers for various tourism, business, and educational purposes.
Regional Drivers
Based on the regional coverage, North America is projected to lead the market during the forecast period. This is primarily because of the prevalence of prominent players along with government strategies, intensified expenditure on aerospace & defence, advanced technology and increasing number of passengers accompanied by Europe and Asia-pacific. The U.S. aerospace & defence industry, in 2018 granted US$ 151 billion for exports of aerospace components such as flight simulators, avionics etc. to the U.S. economy. Thus, it supplemented the market size.
Flight Simulator Market’s leading Manufacturers:
- Boeing
- Cassidian
- Rockwell Collins
- Lockheed Martin Corporation
- FLYINSIDE
- HAVELSAN
- Infinite Flight
- CAE
- Alenia Aeronautica
- KRATOS DEFENSE AND SECURITY TYPE
- Fidelity Technologies Corporation
- FlightGear
- AEROFLY FS
Flight Simulator Market Segmentation:
Segmentation by Type:
- Aviation Training Device (ATD)
- Full Flight Simulator (FFS)
- Fixed Flight Training Devices (FTD)
Segmentation by Aircraft Type:
- Rotary Wing Aircraft
- Fixed Wing Aircraft
Segmentation by Solution:
- Product
- Live Simulation
- Virtual Simulation
- Aircraft Type
Segmentation by Application:
- UAV
- Helicopter Simulator
- Commercial
- Military & Defence
- Civil
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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