Flight Simulator Market Overview, Challenges and Growth Opportunities Analysis till 2024

Posted on 2021-09-16 by researchinsights in Technology // 0 Comments

San Jose, California , USA, Sept 16, 2021 — /EPR Network/ —

The Flight Simulator Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

By 2024 the global 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.

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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.

Improved products now come in packed with higher efficiency and greater ability to save fuel costs. Ever-modifying technology in this sector has resulted in the advancements of motion and visual systems for better smoothness which also is expected to drive the demand for simulators over the forecasted period.

Higher initial investments related to manufacturing and also the maintenance costs are the factors that can hinder the growth of this industry. Negative impact can also be faced due to physical environment limitation and behavioural fidelity. However in spite of all these factors, rising prices of pilot training costs, need to save the maintenance costs and ever-changing fuel costs will impact positively in growth. Recent developments in the field such as ECAM displays and aircraft logic which is realistic have significantly led to increase in usage of flight simulators.

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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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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