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.
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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.
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.
Prominent Players
· 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
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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.
Flight Simulator Market Segmentation:
Based on product
· Full Flight Simulator (FFS)
· Fixed Flight Training Devices (FTD)
Based on the application
· Military & defence
· Civil
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Flight Simulator Market?
· Which region holds the largest market share in Flight Simulator Market?
· Who are the major players in Flight Simulator Market?
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