Flight Simulator Market by Application (Military, Commercial), by Type of Flight (Fixed Wing, Rotary Wing, Unmanned Aircraft), Military Component (FFS, FMS, FTD), Commercial Component (FFS, FBS, FTD), Geography - Global Forecast to 2021

Published: September 2016
No. of Pages: 168
    ReportsandReports

“Growing need for cost-effective pilot training is the key factor impacting the growth dynamics of the global flight simulator market”

The global 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. The market is mainly driven by factors such as the need for more pilot training given the rise in air traffic, the adoption of virtual training for pilots, and the need for cost-effective pilot training.

“The commercial application segment of the global flight simulator market is expected to witness high growth during the forecast period”

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 FFS (Full Flight Simulator) subsegment is expected to grow at the highest pace during the forecast period”

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.

“North America led the global flight simulator market, whereas the market in the Asia-Pacific region is projected to grow at the highest rate”

In 2015, 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.

“Break-up of profile of primary participants for the global flight simulator market”

  • By Company Type - Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation – C level – 35%, Director level – 25%, Others – 40%
  • By Region – North America - 45%, Europe – 20%, Asia-Pacific – 30%, RoW – 5%

Major companies profiled in the report 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.

Objectives of the Study:

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.

The report also covers competitive developments, such as long-term contracts, joint ventures, mergers, new product launches & developments, and research & development activities in the global flight simulator market, in addition to business and corporate strategies adopted by key market players.

Target Audience

  • Flight Simulator Manufacturers
  • Flight Simulator Dealers
  • Sub-Component Manufacturers
  • Technology Support Providers
  • End Users

Global Flight Simulator Market Segmentation:

Global Flight Simulator Market, By Application

  • Military
  • Commercial

Global Flight Simulator Market, By Type of flight

  • Fixed Wing
  • Rotary Wing
  • Unmanned Aircraft

Global Flight Simulator Market, By Military Component

  • FFS (Full Flight Simulator)
  • FMS (Full Mission Simulator)
  • FTDs (Flight Training Devices)

Global Flight Simulator Market, By Commercial Component

  • FFS (Full Flight Simulator)
  • FBS (Fixed Base Simulator)
  • FTDs (Flight Training Devices)

Global Flight Simulator Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East
  • Rest of the World

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3704


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