ID: MRFR/A&D/5680-CR | February 2021 | Region: Global | 136 pages
flight simulator global market growth, 2018–2025
Source: MRFR Analysis
Market Dynamics
The major driving factors of the global Flight Simulator Market are:
From 2012 to 2016, nearly 4,100 civil helicopters were delivered globally by Honeywell International Inc. Similarly, Bell Helicopter Textron Inc. delivered around 114 commercial helicopters in 2016 and 132 commercial helicopters in 2017. Hence, this increasing demand over the commercial helicopters is expected to thrive the Flight Simulator Market Revenue in the forecast timeframe.
The global Flight Simulator Global Market has lucrative opportunities for market leaders and manufacturers of the flight simulator system due to the rising demand for training in the military and commercial sectors.
Along with that, the increasing maritime security is bringing more opportunities for the global market. Additionally, the global market has projected to register a significant growth rate in the Flight Simulator Market Forecast period.
Although the global market has more scope for the manufacturers, the flight simulator systems' inability to accurately replicate the physiological effects of these systems might hinder the Flight Simulator Market Growth.
As per the Flight Simulator Market Forecast report, the global market is investing in key players to bring innovations to the upliftment of the flight simulator system.
The Flight Simulator Global Market might face challenges if the training of pilots goes wrong, as it can result in the accidental death of the pilots. Moreover, the production cost of the flight simulator can be another major challenge to the Flight Simulator Market.
Apart from that, the global market might experience challenges due to the huge loss of the country’s economy during the Covid-19 pandemic.
Cumulative growth Analysis
In 2018, the North American region dominated the Flight Simulator Market, generating a higher market share of 33.49%. Moreover, Europe has generated a 21.78% market share, and the Asia-Pacific region has registered a 7.49% market share for 2018.
Further, the global market has projected to acquire the higher Flight Simulator Market Growth in the forecast period. Also, the key players of the flight simulator system are the biggest strength in the growth and development of the market.
Flight Simulator Global Market Share, by Region, 2018 (%)
Source: MRFR Analysis
arket segment Overview
The global Flight Simulator Global Market has been categorized into military aerospace and commercial aerospace in terms of platform segment.
Further, commercial aerospace has been sub-categorized into flight training devices and full-flight simulators. On the other hand, military aerospace has been sub-categorized into basic flight trainer, air combat simulators, full mission simulators, computer-based training, and others.
The Flight Simulator Global Market has been segregated into rotary-wing aircraft, fixed-wing aircraft, and UAV based on aircraft type segment.
The Unmanned Aerial Vehicles (UAVs) are registered to acquire the significant Flight Simulator Market Share for the review period.
The Flight Simulator Global Market has been classified into virtual simulation and lives simulation in the simulator type segment.
These simulator-type segments are projected to significantly contribute to Flight Simulator Market Share in the forecast period.
Regional Analysis
The regions like North America, the Middle East, Africa, Asia-Pacific, Europe, and Latin America are the Flight Simulator Global Market classifications based on region.
In 2018, the North American market dominated the global market by registering the higher Flight Simulator Market Size of USD 1,855.2 million. Further, the North American market is projected to account for 4.26% CAGR in the research period due to advanced military and commercial infrastructure availability and the region's favorable defense rules and regulations. This region has high simulation and training systems because this region is highly accounted with the global military expenditure and technological advancements. Generally, the U.S. region largely dominates the global Flight Simulator Global Market trends, though the Canadian region invests more in advanced systems developments.
Competitive landscape analysis
As per the Flight Simulator Global Market Outlook report, the key players in the global market play an essential role. These key players are:
These important key players boost the growth of the Flight Simulator Market Trends by applying advanced strategies like promotional ideas, innovations, and new product launches.
Recent Developments
Report Overview
The Flight Simulator Market Outlook report has covered the market restraints, market growth, market challenges, opportunities, and cumulative growth analysis to understand the market dynamics. This report has approached various industry stakeholders like CEOs, marketing executives, V.Ps, and directors to obtain important information related to the Flight Simulator Market. The secondary research method has also been involved in getting insight into the global market.
According to the Flight Simulator Global Market Analysis report, the report has highlighted the regional classifications, recent developments, market overview, market segments, and competitive global market analysis. Here, the key strategies and innovative ideas have been discussed to achieve the goal of the global market.
Segment Table:
By Platform:
By Aircraft Type:
By Simulator Type:
Frequently Asked Questions (FAQ) :
Flight simulator market can expand at 5.38% CAGR by 2025.
By 2025, the flight simulator market can acquire substantial revenue.
CAE Inc. (Switzerland), Lockheed Martin Corporation (US), and L3Harris Technologies, Inc. (US) are some reputed names in the flight simulator market.
Rise in demand for military helicopter can promote the flight simulator market.
Lack of military expenditure can hinder the flight simulator market.