Flight Simulator Market by Platform, Type, Method, Solution and Region – Global Forecast to 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Flight Simulator Market by Platform (Commercial, Military, Drones), Type (Full Flight, Flight Training Device, Full Mission, Fixed Base), Method (Virtual, Synthetic), Solution ( products, services) and region – The “Global Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The Flight Simulator Market size is expected to grow from USD 7.4 Billion in 2022 to USD 10.3 Billion by 2027, growing at a CAGR of 6.9% from 2022 to 2027.

The growing demand for flight simulators is driven by the need to train pilots to meet the growing demand for air travel. Flight simulators allow pilots to perform various flight activities while reducing the hazards that would otherwise be involved. Another key aspect that is expected to contribute to the growth of the flight simulator market is the growing adoption of virtual pilot training to improve aviation safety.

The UAV segment is expected to grow at the highest CAGR of the platform segment during the forecast period

The flight simulator market is segmented into commercial, military, and UAV platforms. In 2020, the commercial segment accounted for a larger market share. The increase in commercial air travel has created a demand for active and efficient pilots, which has created a demand for flight simulators. Due to globalization, more and more people are flying for business and pleasure, which has increased the demand for commercial airline pilots.

During the forecast period, revenue from the UAV segment is expected to grow rapidly. Rising demand for unmanned aerial vehicles for commercial and defense applications is propelling the revenue growth of the segment. Several defense agencies are investing in the development of high altitude long endurance (HALE) and medium altitude long endurance (MALE) unmanned aerial vehicles (UAVs) for surveillance, intelligence and reconnaissance.

Synthetic segment is expected to grow at the highest CAGR during the forecast period

Based on the method, the flight simulator market has been segmented into synthetic and virtual. The adoption of synthetic simulation method for military training is one of the most significant factors expected to drive the growth of the flight simulator market. The growing demand for pilots in the aviation industry, the acceptance of virtual pilot training to ensure aviation safety and the need to reduce the cost of pilot training are the main factors driving the virtual training method on the flight simulator market.

North America is expected to account for the largest share in 2021

North America is the largest region in terms of air operations. Rising demand for innovative pilot training and new pilot certification systems by airlines in the region is contributing to the growth of the market in this region. The growing drone market in the region is expected to drive the demand for drone flight simulators.

Additionally, there has been a ramp-up in production of flight simulators to meet large orders for unmanned aerial vehicles. Established companies, such as CAE Inc. (USA), FlightSafety International (USA), Boeing Company (USA) and L3Harris Technologies (USA), are stepping up their R&D efforts to develop new products to meet market trends and the significant demand for flight simulators from the aerospace and defense industry.

Market dynamics

Drivers

  • Growing demand for pilots

  • Virtual Pilot Training Acceptance

  • Need for cost reduction in pilot training

Constraints

  • Longer product life cycle

  • Lack of interoperability

  • High cost of simulators

Opportunities

  • Development of simulators for unmanned aerial systems

  • Use in air accident investigations

Challenges

  • Strict regulatory approvals

  • Reduced weight and size to maintain advanced features

Companies cited

  • Airbus S.A.S.

  • Airplane Group

  • Forward Simulation

  • CAE Inc.

  • CEA Group

  • Elite simulation solutions

  • Euramec

  • Faac inc.

  • Fidelity Technologies Corporation

  • International flight safety

  • Frasca International, Inc.

  • Indra Systems SA

  • SPA Leonardo

  • Harris Technologies, Inc.

  • Pacific Simulators

  • Precision Flight Controls, Inc.

  • Quantum D

  • Raytheon Technologies

  • SAAB AB

  • Simcom Aviation Training

  • Simlat Uas & Isr Training Solutions

  • Tecknotrove Systems (I) Pvt Ltd

  • Thales SA

  • The Boeing Company

  • Tru Simulation + Training Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/hc5n1d

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