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Factors such as rising passenger traffic & subsequent focus on training new commercial aircraft pilots and increasing procurement of combat aircraft coupled with growing need for fighter pilots are positively impacting the flight simulator market growth. In addition, less maintenance feature of simulation systems as compared to trainer aircrafts further boosts the market growth.However, the lack of interoperability hinders market growth to a certain extent. Meanwhile, focus on reducing pollution caused by airborne vehicles and rising adoption of AR/VR technology creates promising growth opportunities for the flight simulator market.
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Flight simulator is an equipment which creates artificial flight environment. It is mainly used for the purpose of training pilots in operating manned and unmanned aerial vehicles. Simulator offers a cost-effective alternate to live training. Over a period, the computer processors got more powerful, so did the graphics, computing speed, hardware, and the visual displays, of the simulation platform. This has enabled features such as piloting a plane more realistic. Hence, in today’s current budget-constrained situation, both the airline operators and military organizations are keen on procuring simulation solutions in order to train their pilots efficiently and in a cost-effective manner.
Key Players:
The key players in the global flight simulator market are CAE Inc. (Canada), ECA SA (France), Elbit Systems Ltd. (Israel), Flightsafety International Inc. (US), FRASCA International, Inc. (US), Indra Sistemas SA (Spain), L3 Technologies, Inc. (US), Thales SA (France), TRU Simulation + Training Inc. (US), and United Technologies Corporation (US).
Segmentation:
The global flight simulator market has been segmented by type, platform, application and region. Based on type, the flight simulator market is divided into full flight simulator, flight training device, & others. In 2017, the full flight simulator segment accounted for the largest market share as it creates realistic training environment including motion, sound, visuals and all other aircraft operations. Based on platform, the flight simulator market is divided into fixed wing simulator, rotary wing simulator, and UAV simulator.
In 2017, the fixed wing simulator segment accounted for the largest market share as there is an ever-increasing demand of both airliners and fighter jets throughout the world and need for skilled pilots to operate them. Based on application, the flight simulator market is divided into commercial and military. In 2017, the military segment accounted for the largest market share. In defense sector, the flight simulators are vital as military operations such as piloting a combat aircraft, dropping bombs, and firing missiles, among others are difficult to perform in the real world.
Regional Analysis:
The global flight simulator market has also been segmented into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. North America is estimated to account for the largest share during the review period. North America region in this report includes the US and Canada. The US military is likely to receive USD 674 billion in support in 2019 for new fighter jets, Black Hawk helicopters, among others, which indirectly influences the flight simulator market in this country. Similarly, Canada is set to acquire used F-18 fighter jets from Australia, which generates a further scope of the market in this country.
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