Press release
The Flight Simulator Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
Summary:According to the new market research report “Flight Simulator Market” is published by Whipsmartmi.com
Keywords:
flight simulator market, flight simulator industry, aviation safety market, pilot training report, commercial aircraft market, military aircraft report,
The Flight simulator market is estimated to grow at a CAGR 4.16% rate from 2021 to 2026. Increasing demand for new commercial and military pilots, adoption of virtual flight training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the market.
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The services segment is projected to grow at the highest CAGR during the forecast period Growth of this segment is attributed to the increase in the maintenance cost of flight simulators. These are used for both, primary and regular training. Also, the repaid upgradation in simulation technology and its applications and rise in the demand for hardware and software upgradation services from the flight training market is driving the growth of services segment.
Asia Pacific expected to lead the flight simulator market from 2021 to 2026. Market growth in the Asia Pacific region is majorly driven by the increasing number of deliveries of unmanned aerial vehicles and commercial aircraft. Changing demographics and increase in disposable income in the region is driving the demand for air travel, which supports the demand for new pilots, thus, resulting in the demand for new flight simulators in the region.
Key Market Players includes CAE (Canada), Boeing Company (US), Collins Aerospace (US), FlightSafety International (US), L-3 Communications (US), Raytheon Company(US), Precision Flight Controls (US), SIMCOM Aviation Training (US), Frasca International (US), and TRU Simulation + Training (US), Airbus Group (Netherlands), Indra Sistemas (Spain), and Thales Group (France).
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