Flight simulator market is expected to grow from USD 6.18 billion in 2016 to USD 7.54 billion by 2021, at a CAGR of 4.1% from 2016 to 2021.
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The key players in the Flight Simulator Market include – CAE Inc. (Canada), L-3 Communications Holdings, Inc. (U.S.), Flight Safety International Inc. (U.S.), Thales Group (France), The Boeing Company (U.S.), and Rockwell Collins, Inc. (U.S.), among others.
North America led the global flight simulator market, and is expected to continue its dominance till 2021. North America has the highest simulator utilization rate. The global flight simulator market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. High demand for air travel, which is the major reason behind the increased need for pilot training, is expected to boost the flight simulator market.
- Flight Simulator Manufacturers
- Flight Simulator Dealers
- Sub-Component Manufacturers
- Technology Support Providers
- End Users
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The key applications considered for the market study are military and commercial. The commercial segment is projected to grow at the highest CAGR during the forecast period, owing to the rising demand for commercial pilots to meet the growing fleet size. The military segment accounted for the largest share of the global flight simulator market in 2015.
The key subsegments of the military component segment are FFS (Full Flight Simulator), FMS (Full Mission Simulator), and FTDs (Flight Training Devices). Among them, the FFS subsegment is projected to grow at the highest CAGR during the forecast period, because these simulators have navigation and flight control systems on a motion platform. They can also be used for both, primary and regular training. FTDs accounted for the largest share of the global flight simulator market, by military component, in 2015.
The report analyzes the market on the basis application (military and commercial), type of flight (fixed wing, rotary wing, and unmanned aircraft), military component (FFS, FMS, and FTDs), and commercial component (FFS, FBS, and FTDs), and maps these segments and subsegments across major regions worldwide, namely, North America, Europe, Asia-Pacific, the Middle East, and Rest of the World.
The report provides in-depth market intelligence regarding market dynamics and major factors that influence the growth of the global flight simulator market (drivers, restraints, opportunities, and industry-specific challenges), along with analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall global flight simulator market.
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