Flight Simulator Market – Trends Till 2030

Market Snapshot

Market Overview

The global Flight Simulator Market size is projected to reach a CAGR of 6.9% from 2023-2030.

A flight simulator is an electrical and mechanical system that simulates flight conditions to train pilots and other crew members. It helps familiarize trainers with actual flight conditions, handling, and operations. Simulations are used to duplicate or recreate a system or event to gain experience and understanding in the field. Simulations are essential for experimenting with complex circumstances while minimizing risks. Flight simulators are independent of external environmental factors and enable flight practice repetition.

Rising demand for better and more effective pilot training is anticipated to catapult growth. The growing importance of aircraft safety as well as the need for substantial training is anticipated to spur demand during the forecast period. Further, the need for flight handlings and safety operations such as situational awareness and skill competency may also promote industry growth. The industry is witnessing unprecedented R&D efforts in aerospace technology coupled with technological advancements resulting in the development of highly advanced flight simulators. These products offer high efficiency and can save fuel costs. Additionally, advancements in computing technology have significantly resulted in the incorporation of better visual and motion systems for enhanced fidelity and smoothness, which is also anticipated to drive the market flight simulators market over the forecast period.

On the other hand, the rising concerns over pilot training costs, fluctuating fuel prices, and cost-saving on actual aircraft maintenance and repair are the factors hindering the market growth during the forecast period.

COVID-19 has had a disastrous effect on the global aviation sector. Amid the pandemic, just a few countries are allowing air travel. Due to a dramatic drop in air travel, the majority of airline firms have grounded their fleets. Aside from the slowdown in air travel, the epidemic has created a bleak image for airline firms, who are already burning through enormous resources to maintain their grounded fleet. International air passenger revenues are expected to drop by almost 50%, according to the International Air Transport Association. Because airline businesses owe a considerable amount to lessors, they are now looking to the government for financial assistance in the form of loans, financial assistance, and tax relief to survive the pandemic. Airline firms have also put a halt to hiring new pilots, resulting in a decrease in demand for flight simulators. Flight simulator training has been rescheduled by many flight simulator service companies.

Delvens Industry Expert's Standpoint

The rise in effective pilot training across various countries has resulted in a need for skilled pilots to operate them. As a result, the Flight simulation and training market is expected to grow in the forecast period. In addition to this, the market is also driven by the high costs associated with real-time pilot training for the new and advanced flights being developed.

Market Portfolio

Key Findings

• The product segment is fragmented into full flight simulators (FFS) and fixed flight training devices (FTDs). The full flight simulator (FFS) is expected to dominate the market during the forecast period. FFS refers to high-technical flight simulators that offer high fidelity and reliability. FFS accurately stimulates the aircraft and the environment in which it operates. These devices create motion, sound, visuals, and all other aircraft operations to create a realistic training environment, which ensures thorough training for the pilots.
   
• The application segment is further bifurcated into military and defense and civil. The civil segment is anticipated to have the highest CAGR during the forecast period. Further, live, virtual, and constructive training offered by flight simulators enables armed forces pilots to perform better in real-world tasks or missions, thereby resulting in increased product installation. Manufacturers focus on mergers and acquisitions to have greater financial, technical, marketing, manufacturing, and distribution resources.
   
• The market is also divided into various regions such as Asia Pacific, North America, Europe, South America, the Middle East & Africa. The largest share in the market will be dominated by the Asia Pacific owing to the rising number of deliveries of unmanned aerial vehicles & commercial aircraft and the growing demand for air travel due to the growing disposable income in this region.

Regional Analysis

Asia Pacific to Dominate the Market

• The largest share of the market will be dominated by the Asia Pacific owing to the rising number of deliveries of unmanned aerial vehicles & commercial aircraft and the growing demand for air travel due to the growing disposable income in this region.

Competitive Landscape

• CAE
• Boeing Company
• Collins Aerospace
• Flight Safety International
• L-3 Communications
• Raytheon Company
• Precision Flight Controls
• SIMCOM Aviation Training
• Frasca International
• TRU Simulation Airbus Group

Recent Developments

• February 2021: CAE Inc. reported the acquisition of L3Harris Technologies Inc’s tactical preparing business worth USD 1.05 billion.
   
• September 2019: Alpha Aviation Group (AAG) reported the kickoff of its Simulator Training Center Expansion Project. It is worth USD 11 million and is a piece of the AAG institute arranged in the Philippines. It would incorporate four extra test system inlets.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
   
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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope