20 November 2019 - Flight Simulator Market is expected
to reach $5.62 billion. Training programs that are critical mission based offer
improved operation of aircraft, visual systems and helps in cutting down
operational costs to offer experience of real world, act as major benefits of
the system and are expected to open up newer market spaces over few years from
now. The rightful importance that aircraft safety is experiencing is also one
of the reasons for need of training to boost-up over 8 years.
Flight handling and other processes such as skill
adaptability and awareness of situation may also be the reason for the growth
of the industry. Also the increase in demand for effective and improvised
training of pilots may become decisive. Research and development along with
technological improvements are on all-time high in this industry leading to far
better simulation products.
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The two major segments of the industry are fixed flight
training devices (FTDs) and full flight simulator (FFS) which accounts for 85%
of the total revenue in 2015. High technical flight simulators that offer
reliability and higher fidelity characterise the FFS. Accurate simulation is
achieved by FFS in the environment that it works. Realistic training experience
is created by FFS devices creating sound, motion and other visuals along with
all other flight operations.
FTDs have limited visual display. The sole purpose of these
devices is to impart the knowledge of indicators and switches on the console.
Low cost both for operations and purchasing is the only reason these devices
find their way in the market.
"FFS expected to
witness substantial growth over the next eight years"
30% of the total revenue in 2015 came from the segment of
application which comprises of military and defence which is also expected to
rise over forecast period. Simulators are used in war-intensive training by the
military and defence.
Application in Civil aviation is expected to grow at CAGR of
more than 4.0% over the 8 years due to increased adoption of flight simulators
regular competency and training of the crew checking in order to retain the
licenses of the crew.
"Asia Pacific
emerged as the fastest growing in 2015"
25% of the total revenue in 2015 came from the region of
North America and is also expected to rise due to significant growth caused by
advancements in technology which has increased the adoption rate of the
technology by the manufacturers. Also the strict regulations enforced by
Federal Aviation Administration (FAA) which emphasise on use of simulators for
training may boost the growth rate regionally.
Market Segment:
Flight Simulator
Product Outlook (Revenue, USD Million; Volume, Units; 2012 - 2024)
• Full Flight
Simulator (FFS)
• Fixed Flight
Training Devices (FTDs)
Flight Simulator
Application Outlook (Revenue, USD Million; Volume, Units; 2012 - 2024)
• Military
& defense
• Civil
Flight Simulator
Service Outlook (Revenue, USD Million; 2012 - 2024)
• Maintenance
& Repair Services
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"CAE accounted
for more than 40% of the global market"
Lockheed Martin, CAE, Alenia Aeronautica, Boieng, Cassidian,
HAVELSAN, Kratos Defense, HAVELSAN, L-3 Link Simulation and Training and
Rockwell Collins are the major companies offering this product. Manufacturers
prefer contracting the subcontractors and suppliers with prices and quantities
and delivery timeframes for longer durations. Mergers and acquisitions are
undertaken as a part of strategy by firms to make an impact with their
presence.
Key manufacturers focus on tying-up with technology
providers so that the product they offer is improved and the time for transit
to market is reduced. Efforts are also being made by the suppliers to
continuously improve Aircraft Simulation Technology (AST) so that a better
product is offered.
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