According to a market report by Lucintel, the future of the global flight simulator market looks promising with opportunities in the commercial, military, and UAV segments. The global flight simulator market is expected to reach an estimated $8.5 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are growing need for better and more effective pilot training, increasing importance of aviation safety along with increasing focus on implementing flight simulators for combat aircraft pilots, and ongoing technological adoption in the airline industry.
In this market, full flight simulators, fixed base simulators, flight training devices, and full mission flight simulators are different types of flight simulators. Lucintel forecasts that full flight simulators will remain the largest type segment over the forecast period because these are well equipped with motion sensors and night vision sensors, which assist pilots in learning real-life like situations they can face during the night operations.
Within this market, the commercial segment is projected to record the highest growth from 2023 to 2028 due to increasing number of commercial aircraft along with exceptional air passenger traffic growth.
APAC will remain the highest growing region during the forecast period due to increasing demand for air travel and aerial connectivity and growing number of commercial aircraft deliveries in developing countries, such as India and China.
CAE Inc., L3Harris Technologies, Thales SA, Saab AB, Flight Safety International, Airbus, Boeing, Raytheon Company, and Collins Aerospace are the major suppliers in the global flight simulator market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global flight simulator market by platform, type, solution, method, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Flight Simulator Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global flight simulator market by platform, type, solution, method, and region, as follows:
Flight Simulator Market by Platform [Value ($B) Shipment Analysis from 2017 to 2028]:
Flight Simulator Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Full Flight Simulators
Fixed Base Simulators
Flight Training Devices
Full Mission Flight Simulators
Flight Simulator Market by Solution [Value ($B) Shipment Analysis from 2017 to 2028]:
Flight Simulator Market by Method [Value ($B) Shipment Analysis from 2017 to 2028]:
Flight Simulator Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global flight simulator market by platform (commercial, military, and UAVs), type (full flight simulators, fixed base simulators, flight training devices, and full mission flight simulators), solution (products and services), method (synthetic and virtual), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?