October 2020, MRFR Research Report Press Release Global Flight Simulator Market.
Flight Simulator Market Size Valued at USD 6.15 Billion, market Grow at a CAGR Of 6.89% by 2020 -2030
The market for flight simulator is set to reach a higher valuation by 2030. As per flight simulator market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing focus on implementing flight simulators as well as the growing emphasis on maritime security. However, the market report will face challenges and restraints due to system limitations and high deployment cost and complex deployment during the forecast period 2020 to 2030.
Subsequent focus on virtual solutions for commercial training in the flight simulator market will support the growth. As per market analysts, the flight simulator market-based companies will face certain challenges during the forecast period 2020 to 2030. The report provides in-depth analysis of the platform, simulator type, and aircraft type segments. The research report presents factors such as lack of skilled professionals that could slow down the flight simulator market's growth.
The flight simulator market has been segmented into platform, simulator type, and aircraft type. Based on the segment which is platform, the market is categorized on the basis of commercial aerospace (flight training devices, full flight simulator), military aerospace (basic flight trainer, computer-based training, full mission simulator, air combat simulator, others). The global market for flight simulators is further segmented based on simulator type into live simulation and virtual simulation. Furthermore, the market, on the basis of aircraft type is segmented into rotary-wing aircraft, uav, and fixed-wing aircraft.
The report offers comprehensive study of the flight simulator market segments including platform, simulator type, and aircraft type. The analysts have also studied the flight simulator market's spread across the regional markets across many of the flight simulator market’s segments at country levels. The platform, simulator type, and aircraft type segments spread across the flight simulator market along with the subsegments are studied. The global market for flight simulator is spread across various product and service based segments. The research report highlights these key segments and offers forecasts based on primary and secondary data. The global flight simulator market research report presents key company profiles of organizations active across the flight simulator market.
The growing need for skills needed to deploy and operate systems may hinder the market growth. The research report suggests that companies in the flight simulator market could be supported by high demand for simulation and training systems as well as investments in the development of such advanced systems during the forecast period. The global market is set to register growth at a high CAGR owing to these key factors. The global market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per flight simulator market analysts, the market report is set to witness tremendous growth across platform, simulator type, and aircraft type segments. The global flight simulator market’s North American region covers flight simulator markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the flight simulator market research report.
The global market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the flight simulator market research report provides details about the APAC region covering flight simulator markets from China, India, Australia, Japan, and others. The flight simulator market is also active across several other parts of the world. The flight simulator market report covers all these key regions including the Middle East, Africa, Brazil.
Flight simulators have seen tremendous growth, due to the increasing demand for passenger and civil aircraft and rising demand for commercial helicopters. However, high cost and lack of capabilities in systems would challenge the businesses active in the flight simulator market. Furthermore, companies using growth strategies to stay ahead in the global flight simulator market are expected to help the market during the forecast period 2020 to 2030. As the report suggests that the market will register a CAGR of 5.38% and reach a high value, the market report highlights key areas flight simulator market based companies need to focus on. The research report projects a long term growth till 2030. Based on the flight simulator market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2020 to 2030, however the companies need to move ahead with caution. The research report highlights such key areas.
At its announcement on November 16, CAE bought, for a monetary consideration of approx. 70 million euros (approx. 108 million dollars), all the released and unpaid stock of the Flight Simulation Company B.V. (FSC) paid to the sellers based on an enterprise valuation of € 100 million (approximately 155 million dollars). The acquisition extends CAE's capacity for customers in Europe, including airlines and freight carriers, to target the training market. It offers CAE an expanded client’s portfolio and an existing recurring training company which complements the CAE network.