Overview of the global flight simulator market
Technavio’s market research analysts predict that the flight simulator market will grow at a CAGR of around 5% by 2021. The high cost of real-time training is one of the important factors that has created a need for a substitute involving training practices. It not only includes the fuel cost associated with aerial platform flying but also the high maintenance and operational cost of these platforms that undergo wear and tear due to continuous flying. Real-time training also poses a certain amount of risk to the pilot and aircraft. These factors drive the growth of the flight simulator market since there is an increase in the demand for simulator models due to their cost effectiveness and features that avoid risk factors. The flight simulators offer an opportunity to numerous students who aspire to become pilots since opting for schools that offer flight simulation classes allows them save money and receive a more comprehensive training.
The development of portable simulators is one of the latest trends that will contribute to the growth of this market in the forthcoming years. Portable simulators offer the flexibility to be carried to the site and are mostly chosen by the military. These simulators are in containerized packages and are brought into the training theatres to maintain the readiness of army personnel when they are not engaged in missions. Advantages such as time saving, lesser capital cost and operating costs, and reduced installation time will drive the demand for portable simulators in the future.
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Competitive landscape and key vendors
The flight simulator market has few multinational and regional suppliers who offer various products and services. As the market is in its development phase, the vendors are compelled to compete based on innovative technologies and the modernization of existing models, quality, and reliability. The suppliers in the Americas and EMEA have been in the market for decades and hold large market shares.
The leading vendors in the market are -
- CAE
- FlightSafety International
- L3 Link Simulation and Training
- Rockwell Collins
- Thales
The other prominent vendors in the market are Airbus, Boeing, ECA Group, FRASCA International, and Lockheed Martin.
Segmentation by product type and analysis of the flight simulator market
- Military flight simulator
- Commercial flight simulator
During 2016, the military flight simulator segment accounted for the major shares of the flight simulator market. Factors such as the increased investments in the modernization of respective military fleets and associated simulation and training equipment will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the flight simulator market
- Americas
- APAC
- EMEA
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the flight simulator market throughout the forecast period. The US and Canada account for the major shares of the market in the Americas. The rising investments for the improvement of existing simulation and modelling technologies to cater to a wide range of aircrafts will drive the growth of the market in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global flight simulator market?
- What are the key market trends impacting the growth of the global flight simulator market?
- What are the challenges to market growth?
- Who are the key vendors in the global flight simulator market?
- What are the market opportunities and threats faced by the vendors in the global flight simulator market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global flight simulator market?
Technavio also offers customization on reports based on specific client requirement.
This upcoming research report on the global flight simulator market offers insights into the key trends and emerging drivers promoting the growth of the aerospace and defense. Our reports for the aerospace and defense industry also follow a meticulous data collection methodology and offer an analysis of fast growing market segments like aerospace components.
By considering the market forecast and size, surging demand for various aerospace components, the market research experts at Technavio offer an all-inclusive picture of the global flight simulator market for the estimated period of 2017 to 2021. Furthermore, our research practices assist clients in formulating effective growth strategies and staying updated about the changing market topography. This market study also furnishes a detailed analysis of various aerospace components based on the comprehension of the information gathered from specific resources such as channel partners and market stakeholders.
This upcoming market research report on the global flight simulator market also covers vendors like CAE, Boeing, L-3 Link Simulation & Training, Lockheed Martin, Rockwell Collins, Thales, and FlightSafety International. According to our analysts, factors such as growth in air traffic and increased demand for pilots may influence the demand for flight simulators across the globe for the next few years. This upcoming market research report on the global flight simulator market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report for global flight simulator market also shortlists the major drivers, emerging trends, as well as the hurdles faced by the aerospace components sector currently. This upcoming report on the global flight simulator market presents insights into the rapidly changing competitive landscape to offer clients a complete picture of the forthcoming events within the aerospace and defense industry. Technavio also provides deep-dive market assessments into sectors such as aerospace manufacturing and aerospace products.
Our market research methodology for the global flight simulator market
