Flight Simulator Market is Estimated to reach USD 6.2 billion to USD 9.5 billion in 2029, Expanding at a CAGR of 5.5% | Size, Share & Forecast Analysis

Flight Simulator Market

Flight Simulator Market was valued USD 6.2 billion in 2021, and is expected to reach USD 9.5 billion in 2029, Expanding at a CAGR of 5.5% during the forecast period.

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The factors driving the growth of Flight Simulator Market includes rapid growth in the tourism sector, growing demand for effective pilot training solutions, rise in the air passenger traffic around the world and increasing use of Unmanned ariel Vehicles by defense forces. According to the report published by Statista, the Global Unmanned Ariel Vehicle (UAV) Market was estimated around USD 23.60 billion in 2021 and is expected to reach USD 77.69 billion by the end of 2030, growing at a CAGR of 14.6% over the forecast period, which will boost the demand for flight simulators in the approaching years. Moreover, collaborations between leading industry players, rising trend of adopting advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR) in pilot training programs and growing emphasis on improving Aircraft Simulation Technology (AST) systems, are some of the additional factors supplementing the Global Flight Simulator Market. In addition, the increasing investments by leading players on research and development, improvements in living standards, rising importance on aircraft safety, and growing population growth rates, are further propelling the Flight Simulator Market size.

However, the growth of Flight Simulator Market is hindered due to insufficient availability of skilled workforce.

The leading players operating in the Flight Simulator Market are Lockheed Martin Corporation, KRATOS DEFENSE AND SECURITY TYPE, Rockwell Collins, Infinite Flight, AEROFLY FS, HAVELSAN, Alenia Aeronautica, Cassidian, CAE, FlightGear, FLYINSIDE, Fidelity Technologies Corporation and, Boeing among others.

Based on Solutions, the Product segment is predicted to grow at a significant CAGR during the forecast period

Growing demand for virtual and live training programs solutions by aircraft and defense companies, are some of the factors responsible for the segment's growth.

Based on Type, the Full Flight Simulator (FFS) segment is projected to capture the largest market share over the forecast period

Increasing use of full flight simulator in the commercial and military aircraft, along with its ability to provide battlefield simulations through artificial intelligence, are propelling the growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Presence of the leading players such as Lockheed Martin Corporation, KRATOS DEFENSE AND SECURITY TYPE, rise in Government spending on the defense sector, growing adoption of advanced technologies and high per capita incomes, are some of the important factors augmenting the Flight Simulator Market size in North America.

Key Development

In 2019, CAE introduced new virtual reality trainer for or speeding up and cutting the cost of pilot training with use of own courseware and virtual reality system, which is expected to draw attention from the U.S. and international militaries.
In 2018, CAE introduced CAE 700MR Series flight simulator designed for military helicopter training. Development of this high-end helicopter flight training device (FTDs) is used to further development and refinement of the new CAE 700MR Series.

Market Segmentation

Segmentation by Type

Aviation Training Device (ATD)
Full Flight Simulator (FFS)
Fixed Flight Training Devices (FTD)

Segmentation by Aircraft Type

Rotary Wing Aircraft
Fixed Wing Aircraft

Segmentation by Solution

Product
Live Simulation
Virtual Simulation
Aircraft Type

Segmentation by Application

UAV
Helicopter Simulator
Commercial
Military & Defence
Civil

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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