Simulators Market Research Report - Global Forecast till 2027

Global Simulators Market Research Report: Information by Application (Commercial Training and Military Training), Solution (Products and Services), Platform (Airborne, Land and Maritime), Type (Full Flight Simulators, Flight Training Devices, Other), Technique (Live, Virtual & Constructive Simulation, Synthetic Environment Simulation and Gaming Simulation) and Region (North America, Europe, Asia-Pacific, the Middle East and the Rest of the World) - Forecast till 2027

ID: MRFR/A&D/8222-HCR | February 2021 | Region: Global | 168 pages

Please note that the assessment period of report has been updated from 2019-2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Simulators Market is projected to reach USD 29,100 Million by 2026 and register a CAGR of 4.31% during the forecast period. A simulator is a device that artificially recreates the controls and operation of a vehicle, aircraft, or other complex systems, and is used for training purposes. The growing demand for pilots across the globe and the need to reduce pilot training costs are expected to drive the growth of the market.


Market Synopsis


The Global Simulators Market is expected to register significant growth during the projected period owing to factors such as the growing adoption of virtual pilot training to ensure aviation safety and the development of simulators for air accident investigations. Additionally, increasing product launches by prominent companies are also expected to drive the growth of the market. For example, in 2017, Lockheed Martin Corporation launched a version of the flagship simulation software Prepar3D v4 that consisted of 64-bit systems to provide unparalleled realism. The Prepar3D features developments in a fully reformed user interface, which is used to train pilots for air, land, underwater, and space missions.


However, issues related to the lack of interoperability and long product lifecycle might hamper the growth of the market.


Market USP


The growing adoption of AR technology in the aerospace & defense industry and the increasing adoption of UAVs are expected to drive the growth of the market.


Market Drivers



  • Increasing Demand for Pilots in the Aviation Industry



  • Adoption of Virtual Pilot Training to Ensure Aviation Safety: The growing adoption of virtual pilot training solutions to offer enhanced training and safety to pilots is expected to drive the growth of the market.



  • Development of Simulators for Unmanned Aerial Systems (UAS)



  • Simulators for Air Accident Investigation



  • Need to Reduce Pilot Training Costs


Market Restraints



  • Lack of Interoperability



  • Long Product Lifecycle



  • Limited Replication of Physiological and Environmental Factors


Segmentation


By Application



  • Commercial Training: The segment dominated the market in 2019 owing to the growing air passenger traffic, and the demand for new aircraft is expected to drive the growth of the segment.



  • Military Training: The military training segment is projected to register the higher CAGR during the forecast period, owing to the growing adoption of military simulators by the US Navy. For example, in September 2019, Boeing was awarded a contract worth USD 45.8 million by the US Navy to upgrade the flight simulators for its P-8A Poseidon maritime patrol jet.


By Solution



  • Products: The segment dominated the market in 2019 owing to increasing product launches by companies such as CAE Inc. For example, in 2018, CAE Inc. launched the CAE 700MR series, a flight training device (FTD), for military helicopters at the Farnborough Airshow at Hampshire, England.



  • Services: The services segment is expected to record a higher CAGR during the forecast period. Service providers offer benefits such as customized services and cost-effectiveness. Thus, driving the growth of the segment.


By Platform



  • Airborne: The airborne segment is projected to exhibit the highest CAGR during the forecast period, owing to the growing adoption of simulators for both commercial and military applications.



  • Land: This segment is projected to grow at a steady CAGR during the forecast period, owing to the growing adoption of simulators to provide enhanced training experience to the commercial truck, bus, and car drivers.



  • Maritime: The growing adoption of simulators by the naval forces of countries such as the US is expected to drive the growth of the segment.


By Technique



  • Live, Virtual & Constructive Simulation: This segment is projected to grow at the highest CAGR during the forecast period owing to the increasing collaborations between prominent simulator companies such as United Technologies Corporation and CAE Inc. for developing advanced LVC simulation devices.



  • Synthetic Environment Simulation: Synthetic environment simulation assists in improving mission planning & rehearsal, training, and decision making. Thus, driving the growth of the segment.



  • Gaming Simulation: The segment dominated the market in 2019. The rising demand for interactive learning is expected to drive the growth of the segment.


By Region



  • North America: North America dominated the UGVs market in 2019 due to the presence of advanced technology and high military expenditure.



  • Europe: The presence of prominent players such as Thales Group and Saab AB is expected to drive the market growth in the region.



  • Asia-Pacific: The increasing air passenger traffic in the region and the rising defense expenditures of countries such as China and India are expected to drive the market growth in the region.



  • Middle East: The Increasing adoption of simulators by the armed forces of countries such as the UAE and Saudi Arabia is expected to drive the market growth in the region.



  • Rest of the World: Increasing investments made by companies such as Saab AB in countries such as Brazil are expected to drive the market growth in the region.


Key Players



  • CAE Inc. (US)

  • L3Harris Technologies, Inc. (US)

  • Thales Group (France)

  • Saab AB (Sweden)

  • Indra (Spain)

  • Flight Safety International (US)

  • Boeing (US)

  • Raytheon Technologies Corporation (US)

  • Airbus S.A.S. (Netherlands)

  • Tru Simulation + Training Inc. (US)


Other Prominent Players



  • Lockheed Martin Corporation (US)

  • Northrop Grumman Corporation (US)

  • Elite Simulation Solutions (US)

  • Frasca International, Inc. (US)

  • Precision Flight Controls, Inc. (US)

  • Avion Group (Netherlands)

  • Simcom Aviation Training (US)

  • Kongsberg Maritime (Norway)

  • VSTEP Simulation BV (Netherlands)

  • ARI Simulation (India)

  • ECA Group (France)

  • Ryan Aerospace (Australia)



Frequently Asked Questions (FAQ) :


The market value by the end of 2026 can be USD USD 29,100 Million.

The market can expect to progress at a rate of 4.31% in the coming years.

The top barrier for market growth can be the issues in relation to the lack of interoperability as well as the product lifecycle.

The high uptake of the AR technology across the aerospace & defense sector along with the rising use of UAVs can be a few growth boosters in the global market.

The leading competitors in the global market are CAE Inc. (US), L3Harris Technologies, Inc. (US), Thales Group (France), Saab AB (Sweden), Indra (Spain), Flight Safety International (US), Boeing (US), Raytheon Technologies Corporation (US), Airbus S.A.S. (Netherlands), Tru Simulation + Training Inc. (US) and more.