Post COVID-19 Market Estimates On Flight Simulator Market- Global Forecast to 2025
Market by Platform (Commercial, Military, UAV, Helicopter Simulator), Type (Full Flight, Flight Training Device, Full Mission, Fixed based), Training (Virtual, Line), Solution (Product, Services) and Region - Global Forecast to 2025
Date : 2020-08-30
Price Single User:
Price Multiple User:
The Flight Simulator Market, in terms of value, is projected to grow at a CAGR of XX% from 2020 to 2025. The market is estimated to be USD XX Billion in 2019, and is projected to reach XX Billion by 2025. In this study, 2019 has been considered the base year, and 2020 to 2025 the forecast period, for estimating the market size of the global market.
OBJECTIVES OF THE STUDY
- To define, describe, and forecast the Flight Simulator Market in different segmentations
- To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
- To provide detailed information regarding the major factors influencing the growth of the Flight Simulator Market (drivers, restraints, opportunities, and industry-specific challenges)
- To provide a detailed overview of the value chain in the Flight Simulator Market and analyze the market trends with Porter’s five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Flight Simulator Market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Flight Simulator Market
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Flight Simulator Market
4.2 Flight Simulator Market, By Type
4.3 Flight Simulator Market, By Platform
4.4 Flight Simulator Market, By Country
5 Market Overview
5.2 Market Dynamics
6 Industry Trends
6.2 Value Chain Analysis
6.2 Porter’s Five Forces Model
7 Flight Simulator Market, By Type
7.2 Flight Simulator, By Type
7.2.1 Full Flight Simulators (FFS)
7.2.2 Flight Training Devices (FTD)
7.2.3 Flight Mission Simulators (FMS)
7.2.4 Fixed Base Simulators (FBS)
7.3 Flight Simulator Training, By Type
7.3.1 Virtual Training
7.3.2 Line Training
8 Flight Simulator Market, By Solution
8.2.1 Simulator Hardwaret
8.2.2 Simulation Software
8.3.1 Simulator Hardware Upgrade
8.3.2 Simulation Software Upgrade
9 Flight Simulator Market, By Platform
9.2 Commercial Aircraft Simulator
9.2.1 Narrow Body Aircraft
9.2.2 Wide Body Aircraft
9.2.3 Very Large Aircraft
9.2.4 Regional Transport Aircraft
9.3 Military Aircraft Simulator
9.3.1 Combat Aircraft
9.3.2 Transport/Tankers Aircraft
9.3.3 Training Aircraft
9.3.4 Special Mission Aircraft
9.3.5 Helicopter Simulator
9.4 Uav Simulator
9.4.1 Huge Demand for Drone Simulators for Military Pilots and Operators Training
10 Flight Simulators Market, By Region
10.2 North America
10.4 Asia Pacific
11 Competitive Landscape
12 Company Profiles
12.2 CAE, Inc.
12.3 L-3 Communications Holdings, Inc.
12.4 Flightsafety International
12.5 The Boeing Company
12.6 Thales Group
12.7 Collins Aerospace
12.8 Airbus Group N.V.
12.9 Indra Sistemas SA
12.10 TRU Simulation + Training
12.11 The Raytheon Company
12.12 Elite Simulation Solutions
12.13 Frasca International, Inc.
12.14 Precision Flight Controls, Inc.
12.15 Avion Group
12.16 Simcom Aviation Training
*Business Overview, Products Offered, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
The report "Flight Simulator Market by Platform (Commercial, Military, UAV, Helicopter Simulator), Type (Full Flight, Flight Training Device, Full Mission, Fixed based), Training (Virtual, Line), Solution (Product, Services) and Region - Global Forecast to 2025", is projected to grow from USD 5.7 billion in 2019 to USD 7.7 billion by 2025, at a CAGR of 5.2% from 2019 to 2025. Flight simulators have been witnessing a growing demand due to characteristics, such as reliability and provision of safe flight operations. Acceptance of virtual flight training to ensure aviation safety, such as risk associated with the life of the pilot and aircraft is also supporting the demand for flight simulators. There is a rising demand for simulators for UAVs, and the possible use of simulation for air accident investigation is expected to further propel the growth of the flight simulator market over the forecast period.
Unmanned Ariel Vehicle (UAV) flight simulator market projected to grow at the highest CAGR during the forecast period
Based on platform, the Unmanned Ariel Vehicle (UAV) flight simulators market is projected to grow at the highest CAGR during the forecast period. Increasing demand for drone simulators for drone pilots and operator training is a factor driving the growth of the market for flight simulators for UAVs. The demand for drone operators is high due to the increasing number of UAV deliveries across the globe. To facilitate the training of drone operators, the demand for drone simulators is rising all over the world. Therefore, the growth of the UAV platform is projected to drive the growth of the flight simulator market during the forecast period. Also, helicopter flight simulator market is supported by the growth in the helicopter’s deliveries.
The Flight Training Devices (FTD) segment of the market to lead during the forecast period
Based on type, the Flight Training Devices (FTD) segment is projected to grow at the highest CAGR followed by Full Mission Simulators (FMS) and Fixed Base Simulators (FBS). Simulation of a realistic flight atmosphere during training through the flight mission system is expected to lead to a rise in the demand for this segment. Need to train pilots to support aircrews and cadet pilots and provide knowledge about cockpit layouts and aircraft features is projected to fuel the growth of the flight training devices segment. Also, demand for flight simulators in the flight training market is also driving the growth of flight training devices.
Asia Pacific flight simulator market projected to grow at the highest CAGR during the forecast period
Asia Pacific is projected to lead the flight simulator market during the forecast period. Growth is majorly driven by the growing demand for new aircraft deliveries and increasing air traffic in this region, which is projected to boost the global flight simulator market. The growth of the aviation industry is also attributed to the increase in trade & tourism, as well as the increasing disposable income of the middle-class population in emerging economies, such as India and China.
The flight simulator market is gaining traction over the past few years due to the presence of a large number of established companies as well as start-ups. Some of the major players in the flight simulator market in North America include Boeing Company (US), CAE (Canada), Collins Aerospace (US), ELITE Simulation Solutions (US), FlightSafety International (US), Frasca International (US), Indra Sistemas (Spain), L-3 Communications (US), Precision Flight Controls (US), Raytheon Company (US), SIMCOM Aviation Training (US), and TRU Simulation + Training (US). Whereas, in Europe, Airbus Group (Netherlands), Avion Group (Netherlands), and Thales Group (France), are some of the leading companies.