The
global flight simulators market is expected to reach USD
5.62 billion by 2024, according to a new report by Grand View Research, Inc.
Increasing adoption of FFS owing to high fidelity and reliability is expected
to provide adequate growth prospects over the coming years. Customers also opt
for FTDs on account of their low operational costs, modular approach, real-time
aerodynamic flight model, and remote configuration as well as management. The
industry is expected to witness moderate growth over the forecast period owing
to the aforementioned factors.
China Flight Simulator Market By Product, 2012-2024 (USD Million)
The need to
effectively replicate real flying training with the usage of motion and visual
systems has resulted in the introduction of sophisticated simulators in the
market. Increase in government spending and growing security concerns
particularly in the military sector is anticipated to escalate product demand
significantly. The rising concerns over pilot training cost along with
fluctuating fuel prices may further drive demand for flight simulators over the
next eight years.
Full
Research Report On Global Flight Simulators Market Analysis:
www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market
www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market
Further
key findings from the report suggest:
- The FFS product segment
accounted for over 90% of the overall revenue in 2015 and is expected to
grow at a CAGR of over 4% from 2016 to 2024. This growth is owing to
features that provide motion, sound, visuals, and all other aircraft
operations that create a realistic flight training environment.
- The demand in civil
application segment is primarily due to the rising air traffic coupled
with the growing emphasis on the passenger as well as pilot safety.
Governments in several countries have enforced strict regulations
regarding the use and significance of simulation training.
- The services segment is
anticipated to grow at a CAGR exceeding 3.0% over the forecast period.
This is primarily attributed to the rise in number of simulator
installation by international airways.
- Europe accounted for more
than 30% of the overall market share in 2015 and is expected to exhibit a
modest growth over the next eight years on account of the elevating
enforcement of regulations pertaining to pilot training and passenger
safety.
- The Asia Pacific flight
simulators market is estimated to exhibit a substantial growth over the
forecast period in light of the growing aviation industry, resulting in
the increasing demand for flight simulators. The Middle East & Africa
is also projected to showcase a substantial demand of over 4%, which is
primarily be attributed to the presence of carriers including Emirates,
Etihad Airways, and Qatar that are investing heavily in this industry.
- Prominent industry players
include CAE, Boeing, L-3 Link Simulation & Training, Lockheed Martin,
Rockwell Collins, Thales and SaaB. Industry participants emphasize on
joint ventures, mergers and acquisitions in order to acquire greater
financial, technical, marketing, manufacturing and distribution expertise.
View more
reports of this category by Grand View Research at:
https://www.grandviewresearch.com/industry/automotive-and-transportation
https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global flight simulator market on
the basis of product, application, service and region:
Flight
Simulator Product Outlook (Revenue, USD Million; Volume, Units; 2012
- 2024)
- Full
Flight Simulator (FFS)
- Fixed
Flight Training Devices (FTDs)
Flight
Simulator Application Outlook (Revenue, USD Million; Volume, Units; 2012
- 2024)
- Military
& defense
- Civil
Flight
Simulator Service Outlook (Revenue, USD Million; 2012 - 2024)
- Maintenance
& Repair Services
Flight Simulator
Regional Outlook (Revenue, USD Million; Volume, Units; 2012 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-flight-simulator-market
www.grandviewresearch.com/press-release/global-flight-simulator-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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