Dublin, Sept. 22, 2022 (GLOBE NEWSWIRE) -- The "Flight Simulator Market by Platform (Commercial, Military, UAVs), Type (Full Flight, Flight Training Device, Full Mission, Fixed based), Method (Virtual, Synthetic), Solution (Products, Services) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Flight Simulator market size is projected to grow from USD 7.4 billion in 2022 to USD 10.3 billion by 2027, at a CAGR of 6.9% from 2022 to 2027.
The increasing demand for flight simulators is driven by the need to train pilots to meet the increasing demand for air travel. Flight simulators enable pilots to perform various flying activities while reducing the dangers that would otherwise be involved. Another key aspect projected to contribute to the growth of the flight simulator market is the rising adoption of virtual pilot training to enhance aviation safety.
The UAV segment is projected to grow at the highest CAGR in the platform segment during the forecast period
The flight simulator market is segmented into commercial, military, and UAV platforms. In 2020, the commercial segment accounted for a larger market share. The increase in commercial air travel has produced a demand for active, efficient pilots, which has created a demand for flight simulators. Because of globalization, more individuals are flying for business and pleasure, which has increased the demand for commercial airline pilots.
During the forecast period, revenue from the UAV segment is expected to expand rapidly. The rising demand for unmanned aerial vehicles for commercial and defense applications propels the segment's revenue growth. Several defense agencies are investing in the development of high-altitude long-endurance (HALE) and medium-altitude long-endurance (MALE) unmanned aerial vehicles (UAVs) for surveillance, intelligence, and reconnaissance.
The synthetic segment is projected to grow at the highest CAGR during the forecast period
Based on the method, the flight simulator market has been segmented into synthetic and virtual. Adopting the synthetic simulation method for military training is one of the most significant factors projected to drive the flight simulator market growth. Growing demand for pilots in the aviation industry, acceptance of virtual pilot training to ensure aviation safety, and the need to reduce the cost of pilot training are the major factors driving the virtual training method in the flight simulator market.
North America is expected to account for the largest share in 2021
North America is the largest region in terms of aircraft flight operations. The rise in demand for innovative systems for pilot training and certification for new pilots by airlines in the region contributes to the growth of the market in this region. The growing market for UAVs within the region is projected to drive the demand for flight simulators for UAVs.
Furthermore, there has been an acceleration in the production of flight simulators to fill the significant orders for unmanned aerial vehicles. Established companies, such as CAE Inc. (US), FlightSafety International (US), Boeing Company (US), and L3Harris Technologies (US), are enhancing their R&D efforts to develop new products to cater to market trends and the significant demand for flight simulators from the aerospace & defense industry.
4 Premium Insights 4.1 Attractive Opportunities for Players in Flight Simulator Market 4.2 Flight Simulator Market, by Method 4.3 Flight Simulator Market, by Platform 4.4 Flight Simulator Market, by Military Platform 4.5 Flight Simulator Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Demand for Pilots 5.2.1.2 Acceptance of Virtual Pilot Training 5.2.1.3 Need for Cost-Cutting in Pilot Training 5.2.2 Restraints 5.2.2.1 Longer Product Lifecycle 5.2.2.2 Lack of Interoperability 5.2.2.3 High Cost of Simulators 5.2.3 Opportunities 5.2.3.1 Development of Simulators for Unmanned Aerial Systems 5.2.3.2 Usage in Air Accident Investigations 5.2.4 Challenges 5.2.4.1 Stringent Regulatory Approvals 5.2.4.2 Reduction of Weight and Size to Maintain Advanced Features 5.3 Trends/Disruptions Impacting Customer Business 5.3.1 Revenue Shift and New Revenue Pockets for Flight Simulator Market 5.4 Flight Simulator Market Ecosystem 5.4.1 Prominent Companies 5.4.2 Private and Small Enterprises 5.4.3 End-Users 5.5 Technology Analysis 5.5.1 Digital Twin 5.5.2 Simulation in Iot 5.5.2.1 Importance of Simulation in Iot 5.5.2.2 Functions of Simulation in Iot 5.5.3 Smart Simulation with Virtual Reality (Vr) 5.6 Use Case Analysis 5.6.1 Use Case: Remote Collaboration on Defense Projects 5.6.2 Use Case: Maintaining Defense and Engineering Equipment 5.6.3 Use Case: Military Aircraft Simulation and Training 5.7 Value Chain Analysis of Flight Simulator Market 5.8 Pricing Analysis 5.9 Operational Data 5.10 Porter's Five Forces Analysis 5.11 Key Stakeholders & Buying Criteria 5.12 Tariff and Regulatory Landscape 5.13 Key Conferences and Events, 2022-2023 5.14 Trade Analysis
6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Full Combat and Mission Training in Dome Trainer Environments 6.2.2 Bluefire Technology 6.2.3 Synthetic Training Environment 6.2.4 Night Vision Training Systems 6.2.5 Real-Time Computer Image Generation 6.2.6 Optimal Motion-Cueing Technology 6.2.7 Reconfigurable Flight Simulation and Training 6.2.8 Gladiator Simulation Programme 6.3 Supply Chain Analysis 6.4 Impact of Megatrends 6.4.1 Asymmetric Military Simulation and Training System Operations 6.4.2 Artificial Intelligence 6.4.3 3D Printing 6.4.4 Internet of Things 6.4.5 Robotic Process Automation 6.4.6 Cloud Computing & Master Data Management 6.4.7 Digital Twin 6.4.8 Ar & Vr 6.4.9 5G 6.5 Patent Analysis
7 Flight Simulator Market, by Solution 7.1 Introduction 7.2 Products 7.2.1 Hardware 7.2.1.1 Procurement of Hardware Components by Simulator Manufacturers 7.2.2 Software 7.2.2.1 Integration of Multiple Sensors with Single Training Systems 7.3 Services 7.3.1 Hardware Upgrades 7.3.1.1 Rapid Modernization of Existing Airborne, Land, and Maritime Platforms 7.3.2 Software Upgrades 7.3.2.1 Updates and New Features, Programs, and Algorithms 7.3.3 Maintenance & Support 7.3.3.1 Introduction of New Technologies
8 Flight Simulator Market, by Platform 8.1 Introduction 8.2 Commercial 8.2.1 Narrow-Body Aircraft 8.2.1.1 Increasing Deliveries of Different Narrow-Body Aircraft Models 8.2.2 Wide-Body Aircraft 8.2.2.1 Represents Market for Airbus and Boeing Aircraft Simulators 8.2.3 Extra Wide-Body Aircraft 8.2.3.1 Increasing Air Passenger Traffic Driving Demand for New Aircraft and Highly Skilled Pilots 8.2.4 Regional Transport Aircraft (Rta) 8.2.4.1 Regional Aircraft Include Atr, Crj, Q 400, and Erj Aircraft Series Simulators 8.3 Military 8.3.1 Helicopters 8.3.1.1 Increasing Demand for New Pilots to Operate Superior and Powerful Engine Helicopters 8.3.2 Combat Aircraft 8.3.2.1 Procurement of Combat Aircraft and Real-Time Combat Experience Training 8.3.3 Training Aircraft 8.3.3.1 Growing Use of Virtual Simulation for Pilot Training 8.3.4 Transport Aircraft 8.3.4.1 Used for Transportation of Supplies During Critical Missions 8.4 Unmanned Aerial Vehicles (Uavs)
9 Flight Simulator Market, by Type 9.1 Introduction 9.2 Flight Training Devices 9.2.1 Need for Pilot Training to Support Aircrews and Cadet Pilots 9.3 Full Flight Simulators 9.3.1 Demand for Efficiency and Effectiveness in Pilot Training 9.4 Full Mission Flight Simulators 9.4.1 Simulation of Realistic Flight Training 9.5 Fixed Base Simulators 9.5.1 Integration of Gaming Platforms
10 Flight Simulator Market, by Method 10.1 Introduction 10.2 Synthetic 10.2.1 Synthetic Simulation Methods Increasingly Used 10.3 Virtual 10.3.1 Increasing Adoption of Virtual Training Methods to Drive Market
12 Competitive Landscape 12.1 Introduction 12.2 Revenue Analysis of Key Market Players, 2021 12.3 Market Share Analysis 12.4 Company Evaluation Quadrant 12.4.1 Flight Simulator Market Competitive Leadership Mapping 12.4.1.1 Stars 12.4.1.2 Pervasive Companies 12.4.1.3 Emerging Leaders 12.4.1.4 Participants 12.4.2 Flight Simulator Market Competitive Leadership Mapping (Sme) 12.4.2.1 Progressive Companies 12.4.2.2 Responsive Companies 12.4.2.3 Starting Blocks 12.4.2.4 Dynamic Companies 12.4.2.5 Competitive Benchmarking 12.5 Competitive Scenario and Trends 12.5.1 Product Launches 12.5.2 Deals
13 Company Profiles 13.1 Introduction 13.2 Key Players 13.2.1 Cae Inc. 13.2.2 L3Harris Technologies, Inc. 13.2.3 Thales Sa 13.2.4 Indra Sistemas Sa 13.2.5 Flightsafety International 13.2.6 Saab Ab 13.2.7 The Boeing Company 13.2.8 Raytheon Technologies 13.2.9 Airbus S.A.S. 13.2.10 Tru Simulation + Training Inc. 13.2.11 Elite Simulation Solutions 13.2.12 Frasca International, Inc. 13.2.13 Simcom Aviation Training 13.2.14 Precision Flight Controls, Inc. 13.2.15 Avion Group 13.2.16 Leonardo S.P.A. 13.2.17 Faac Inc. 13.2.18 Eca Group 13.3 Other Players 13.3.1 Tecknotrove Systems (I) Pvt Ltd 13.3.2 Quantum 3D 13.3.3 Simlat Uas & Isr Training Solutions 13.3.4 Fidelity Technologies Corporation 13.3.5 Euramec 13.3.6 Pacific Simulators 13.3.7 Avt Simulation
For more information about this report visit https://www.researchandmarkets.com/r/1yw7dw
At a companywide all-hands meeting this week, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) chief Sundar Pichai juggled tough questions from employees regarding cuts to travel and entertainment budgets, managing productivity, and potential layoffs. Employees questioned why Google is "nickel-and-diming employees" by cutting travel and swag budgets despite record profits and substantial cash reserves as it did after the pandemic. Pichai emphasized acting responsibly to tide through such critical sit
The comments made by CFO Richard Galanti on its conference call suggest the Fed will still be in inflation-fighting mode for the rest of the year
(Bloomberg) -- Russia’s wheat harvest could reach a historic 100 million tons, according to consultant SovEcon, with the commodity piling up at home as the nation struggles to export large volumes.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes South Korea President Caught on Hot Mic Insulting US CongressUnless Rents Rise, Housing Is Set Up for an Epic CrashA Great Copper Squeeze Is C
Yahoo Finance Live reports on Ford's outlook for restructuring its global supply chain.
During his testimony to Congress on Wednesday, JPMorgan CEO Jamie Dimon criticized cryptocurrencies like bitcoin, comparing them to Ponzi schemes.
Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months.
Tesla (TSLA) job postings reveal the electric vehicle maker is doubling down on humanoid robots.
JPMorgan Chase CEO Jamie Dimon assured lawmakers of his commitment to helping finance traditional energy sources.
(Bloomberg) -- Compute North Holdings Inc., which provides data center services for cryptocurrency miners and blockchain companies, filed for bankruptcy in Texas on Thursday.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes Risk Assets Swept Up in Rout as ‘Fear Gauge’ Soars: Markets WrapSouth Korea President Caught on Hot Mic Insulting US CongressUnless Rents Rise, Housing Is Set Up for
Case against former president, three of his children and his company centers on state law that gives the attorney general broad power to address persistent fraud in business.
Yahoo Finance Live anchors discuss BMO's note on Domino's Pizza and the outlook for pizza chains throughout football season.
Two years in, the chip shortage is still forcing companies to make significant production cutbacks.
The Public Company Accounting Oversight Board is to determine whether Alibaba, Yum China and other firms can keep their listings on American stock exchanges.
A South Florida Porsche dealer is suing Porsche Cars North America, alleging that the auto maker's U.S. subsidiary has violated Florida auto dealership laws.
The blue oval brand has set itself the ambition of producing 2 million electric vehicles globally per year by the end of 2026. In 2021, the group only manufactured 27,140 electric vehicles in the United States. This means that reaching 2 million units five years later is a huge challenge even when your name is Ford, a company that has been producing and selling vehicles around the world for several decades.
The car company has run into supply constraints with the brand-name badges and the nameplates that specify the model, important identifiers for the auto maker’s products.
The company earlier this year raised $385 million in fresh capital.
Coal stocks have paused but still lead all other industries so far in 2022 — seemingly bucking analyst predictions that coal is dead.
Annuities have long formed part of the retirement arsenal, and the Teachers Insurance and Annuity Association of America (TIAA) is demonstrating why. TIAA has announced its aim to boost retirement savings for several million of its annuity subscribers, giving back … Continue reading → The post Are You Entitled to Some of the Extra $2.3 Billion TIAA Will Pay in Annuity Interest? appeared first on SmartAsset Blog.
Ally Financial intends to be flexible on employees' return to office — to a point. Here's what that company and other big banks in Charlotte are doing to bring workers back.