Enjoy complimentary customisation on priority with our Enterprise License!
The flight simulator market size is estimated to grow at a CAGR of 6.62% between 2022 and 2027. The market size is forecast to increase by USD 2,837.47 million. The growth of the market depends on several factors such as the rising demand for cost-effective virtual training in the aviation industry, the increasing investments in simulations and the rising collaboration among companies and OEMs
This report extensively covers market segmentation by product type (military flight simulator and commercial flight simulator), platform (rotary wing simulator, fixed wing simulator, and uav simulator), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Flight Simulator Market Forecast 2023-2027
To learn more about this report, Request Free Sample
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Training in real-time can be costly as it requires a lot of resources. Virtual training, on the other hand, is more affordable. This cost-effectiveness is a key factor driving the growth of the flight simulator market. In real-time training, extra expenses are incurred for fueling military platforms, acquiring training ammunition, and covering operational costs. Virtual training reduces the risks that come with real-time training, such as the involvement of personnel and equipment. Flight training agencies have been shifting their focus to simulation and synthetic training methods due to the positive attributes they provide. Flight simulation and virtual training systems are supported by an architecture that uses commercial-off-the-shelf (COTS) components with plug-and-play capabilities.
Simulators extensively use COTS components to avoid the higher development costs of customized equipment. The standardized components can be replaced with upgraded or different parts from other suppliers, while still functioning on the existing simulator. This approach is widely used across the aviation industry. In addition, the rapid replacement of spares lowers the downtime for that equipment, which is the opposite in the case of real-time training. Therefore, the use of virtual training is expected to be beneficial, leading to an increase in demand for flight simulators. This, in turn, will drive growth in the market during the forecast period.
Training for 3D simulation focuses on fundamental aspects of UAV operation, including takeoff and landing, in-flight procedures, and resolving issues during various applications. These applications include commercial, scientific research, search and rescue, 3D mapping, and military operations. The simulation model utilizes actual UAV autopilot data to provide real-time situational awareness. The 3D simulation model enables a complete and operational 3D virtual world for UAV flight, including both voluntary and involuntary actions, as well as natural terrains such as realistic lighting conditions (time of day), photo-textures, urban areas, roads, railroad networks, airports, and real geological features and terrain database.
In addition, the 3D simulation model generates real-time videos to provide payload output both in infrared and visual modes. Also, it provides a tactical environment through a virtual environment to improve training capabilities. For instance, H-SIM provides a real-time flight simulator, Simdrone. Likewise, Research Triangle Institute (RTI) International provides 3D simulation training solutions such as RTI iShoppe Virtual Environment. Therefore, such developments will fuel the market growth during the forecast period.
The flight simulator market may face challenges due to the high cost of flight simulators. This may prevent smaller companies and flight schools with limited budgets from investing in advanced training technologies. As a result, there may be reduced demand for simulators. Furthermore, the high cost of flight simulators may limit their accessibility to certain regions or organizations. However, in developing countries or smaller flight training centers, purchasing the latest simulators or upgrading existing ones may not be financially feasible, which can hinder the growth and accessibility of virtual training solutions. It's important to note that flight simulators require ongoing maintenance, software updates, and occasional hardware upgrades to remain effective and up-to-date, making them a continuous investment.
Due to the high cost of flight simulators, some organizations may opt for alternative training methods, such as less-sophisticated simulators, virtual reality, or traditional aircraft-based training, which can limit the demand for high-end flight simulators. As a result, the high cost of flight simulators may hinder their adoption and adversely impact the market's growth during the forecast period.
The military flight simulator segment will account for a major share of the market's growth during the forecast period. Significant factors that stimulate the growth of the flight simulator market in the military segment are the increasing demand for synthetic training environments and an increased focus on virtual boot camps.
Get a Customised Report as per your requirements for FREE!
The military flight simulator segment was valued at USD 3,616.42 million in 2017 and continued to grow until 2021. Flight simulators can be divided into two categories: full-flight simulators (FFS) and flight simulation training devices (FSTD). FFS allows pilots to train on a replica of a specific aircraft, while FSTD allows soldiers to train on a replica of flight controls and other devices. Real-time simulations are time-consuming and have low reusability, resulting in increased costs for the military. Flight simulators come in different models, depending on the aircraft being trained, to accommodate all three branches of the military (Air Force, Army, and Navy). However, all simulations have a similar setup that includes an electronic motion base or hydraulic lift system that responds to the user's inputs and provides haptic feedback. These factors are expected to drive the demand for flight simulators worldwide, thereby boosting the growth of the military flight simulator segment of the flight simulator market during the forecast period.
For more insights on the market share of various regions View PDF Sample now!
APAC is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Another region offering significant growth opportunities to vendors is North America. The North American flight simulator market is anticipated to experience a consistent growth rate due to increased investments by defense ministries in military training. The United States and Canada are the dominant players in this market. The US Department of Defense is collaborating with training and simulation companies to improve their services. The American market is showing steady growth due to the presence of major players such as L3Harris Technologies, CAE, and Boeing.
Moreover, companies in the region are offering virtual training modules that can be accessed through desktops, allowing trainers to access various flight scenarios. They are also integrating data analytics to improve the effectiveness of military training systems. For example, CAE offers the CAE Rise flight simulator, which is a data-driven training system that uses analytics to improve military training. CAE Rise allows instructors to objectively assess pilot competencies using live data and provides standardized training to trainees. As a result, the product offerings of the company based on flight scenarios and training models are expected to have a significant impact on the regional flight simulator market in the future
Due to the COVID-19 pandemic, the flight simulator market experienced a decline in growth in 2020. However, with the large-scale vaccination drives in the first half of 2021, travel restrictions were eased, and the resumption of operations in the regional aviation industry led to increased demand for simulation and virtual training. This boost in demand drove the demand for flight simulators in 2021. Furthermore, factors such as the growing aviation industry, advancements in simulation technology, cost-effective training solutions, and an increasing emphasis on safety in aviation are expected to fuel the growth of the regional flight simulator market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aero Simulation Inc. - The company offers flight simulators such as Boeing 737-800 Flight Simulator, and the Airbus A320-200 Flight Simulator.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Aero Simulation Inc., Airbus SE, Avenger Flight Group LLC, Berkshire Hathaway Inc., CAE Inc., FenixSim Ltd., Flight Sim Labs Ltd., Flight Simulation Technique Centre Pvt. Ltd., Gen24 Flybiz Pvt. Ltd., Groupe Gorge, HAVELSAN Inc., Indra Sistemas SA, L3Harris Technologies Inc., Lockheed Martin Corp., Raytheon Technologies Corp., Textron Inc., Thales Group, The 737 Experience, The Boeing Co., and VIER IM POTT.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The flight simulator market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Flight Simulator Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
160 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.62% |
|
Market growth 2023-2027 |
USD 2,837.47 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
6.38 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 43% |
|
Key countries |
US, China, India, UK, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aero Simulation Inc., Airbus SE, Avenger Flight Group LLC, Berkshire Hathaway Inc., CAE Inc., FenixSim Ltd., Flight Sim Labs Ltd., Flight Simulation Technique Centre Pvt. Ltd., Gen24 Flybiz Pvt. Ltd., Groupe Gorge, HAVELSAN Inc., Indra Sistemas SA, L3Harris Technologies Inc., Lockheed Martin Corp., Raytheon Technologies Corp., Textron Inc., Thales Group, The 737 Experience, The Boeing Co., and VIER IM POTT |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Platform
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
