Flight Simulator Market is expected to $7.7 billion by 2025


According to the new market research report "Flight Simulator Market by Platform (Commercial (NBA, WBA, VLA), Military (Helicopters, Combat, Special Mission Aircraft), UAV), Type (FFS, FTD, FMS, FBS), Training (Virtual, Line), Solution (Product and Service), and Region - Global Forecast to 2025", The flight simulator market is projected to grow from USD 5.7 billion in 2019 to USD 7.7 billion by 2025, at a CAGR of 5.2% from 2019 to 2025. Flight simulators have been witnessing a growing demand due to characteristics, such as reliability and provision of safe flight operations. Acceptance of virtual training to ensure aviation safety, such as risk associated with the life of the pilot and aircraft is also supporting the demand for flight simulators. There is a rising demand for simulators for UAVs, and the possible use of simulation for air accident investigation is expected to further propel the growth of the flight simulator market over the forecast period.

Browse 79 market data Tables and 38 Figures spread through 153 Pages and in-depth TOC on "Flight Simulator Market - Global Forecast to 2025"

View detailed Table of Content here –

Unmanned Ariel Vehicles (UAVs) segment projected to grow at the highest CAGR during the forecast period
Flight Simulator Market
Based on platform, the Unmanned Ariel Vehicles (UAVs) segment is projected to grow at the highest CAGR during the forecast period. Increasing demand for drone simulators for drone pilots and operator training is a factor driving the growth of the market for flight simulators for UAVs. The demand for drone operators is high due to the increasing number of UAV deliveries across the globe. To facilitate the training of drone operators, the demand for drone simulators is rising all over the world. Therefore, the growth of the UAV platform is projected to drive the growth of the flight simulator market during the forecast period.

The Flight Training Devices (FTD) segment of the market to lead during the forecast period
Based on type, the Flight Training Devices (FTD) segment is projected to grow at the highest CAGR followed by Full Mission Simulators (FMS) and Fixed Base Simulators (FBS). Simulation of a realistic flight atmosphere during training through the flight mission system is expected to lead to a rise in the demand for this segment. Need to train pilots to support aircrews and cadet pilots and provide knowledge about cockpit layouts and aircraft features is projected to fuel the growth of the flight training devices segment.

Asia Pacific flight simulator market projected to grow at the highest CAGR during the forecast period
Asia Pacific is projected to lead the flight simulator market during the forecast period. Growth is majorly driven by the growing demand for new aircraft deliveries and increasing air traffic in this region, which is projected to boost the global flight simulator market. The growth of the aviation industry is also attributed to the increase in trade & tourism, as well as the increasing disposable income of the middle-class population in emerging economies, such as India and China.

The flight simulator market is gaining traction over the past few years due to the presence of a large number of established companies as well as start-ups. Some of the major players in the flight simulator market in North America include Boeing Company (US), CAE (Canada), Collins Aerospace (US), ELITE Simulation Solutions (US), FlightSafety International (US), Frasca International (US), Indra Sistemas (Spain), L-3 Communications (US), Precision Flight Controls (US), Raytheon Company (US), SIMCOM Aviation Training (US), and TRU Simulation + Training (US). Whereas, in Europe, Airbus Group (Netherlands), Avion Group (Netherlands), and Thales Group (France), are some of the leading companies.

Don’t miss out on business opportunities in Flight Simulator Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Browse Related Report
Smart Airports Market by Technology (Communication, Security, Cargo & Baggage Handling, Traffic Control, Endpoint Devices), Landside, Airside, Terminal Side, Application, Region - Global Forecast to 2021


Airport Lighting Market by Type (Runway, Taxiway & Apron Lighting Systems), Position (In-Pavement Lighting, Elevated Lighting & PAPI), Technology (Non-LED and LED), and by Geography - Global Forecast to 2021


About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

No comments:

Post a Comment

Featured post

Port Equipment Market | Players & Forecast Analysis till 2023

New York, NY, Dec-18, 2019 /(Aerospace NEWS)-- "Port Equipment Market Worth $36.6 Billion by 2025" According to the new mark...