The global flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a revenue CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research. Consumers growing desire for air travel is a primary factor driving market revenue growth. In addition, rising disposable income and increased air travel affordability among others are all contributing to market revenue growth. India, Indonesia, and other countries are seeing an increase in start-ups connected to enhanced flight simulator systems. This is primarily owing to the increased number of aviation training institutes in these countries. The rising need for qualified pilots in various countries is a major factor driving market revenue growth. For instance, the aviation industry has experienced rapid growth in recent years. This is attributable to a rise in global aviation traffic and tourism activities.
The Global Flight Simulator market drivers and restraints Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Flight Simulator market drivers and restraints space
Rapid use of simulators due to worker reskilling is a key factor driving market revenue growth. Many businesses have identified reskilling as a critical concern. As a result, approaches based on tried-and-true learning methodologies and cutting-edge technology have the potential to improve the effectiveness and efficiency of skill training. People are placed in immersive, true-to-life environments where they practice skills acquisition in situations that mimic job conditions. These immersive settings frequently include game components, which increase motivation, attention, and learning. In the aviation business, for instance, pilots use flight simulators because their training necessitates reinforcement, periodic upgrading in new settings, and continual motivation, all of which are byproducts of a good developmental process.
The major companies Covered in the report are:
CAE Inc., L3Harris Technologies, Inc., Thales, Saab, Boeing, Airbus, ELITE Simulation Solutions, SIMCON Aviation Training, Precision Flight Controls, and Avion Group.
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The market intelligence report on the Flight Simulator Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
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Emergen Research has segmented the global flight simulator market on the basis of method, type, platform, and region:
- Method Outlook (Revenue, USD Billion; 2019-2030)
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Flight Training Devices
- Full Flight Simulators
- Full Mission Flight Simulators
- Fixed Base Simulators
- Platform Outlook (Revenue, USD Billion; 2019-2030)
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- South Africa
- Rest of MEA
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Key highlights of this research report:
- The virtual segment accounted for a significant revenue share in 2021. Increasing penetration of Virtual Reality (VR) headsets in the aviation industry and rapid adoption of interconnected devices are major factors driving the segment’s revenue growth. VR-based pilot training is a strong tool in aviation that is used for a variety of reasons, including flight maintenance training by huge organizations such as the United States Air Force and others. Furthermore, because training a pilot is an expensive operation, airlines, space agencies, and air forces use specialized flight simulators. VR also provides excellent opportunities for addressing issues such as mobility and efficiency, depth perception, and others.
- The commercial segment accounted for a significant revenue share in 2021. Increasing awareness among students regarding the various benefits of flight simulators is a major factor driving the segment’s revenue growth. In addition, flight simulators prepare students for the realities and unexpected outcomes that they may encounter while flying a plane. Students can also hone their skills and knowledge because of difficult situations. Commercial pilot training institutes operating in various countries are rapidly adopting flight simulators due to their significant impact in improving proficiency, mastering weather problems, and improving navigational abilities among others.
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Table of Contents:
Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
Breakdown by Product and Application: This section provides details about market size by product and application.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
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About Emergen Research
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