Recent Development Flight Simulator Market Growth, Developments Analysis and Precise Outlook 2023 to 2029

Market Overview

Flight simulator is a device or equipment that generates an artificial environment for the training of the pilot and other staff. Flight simulation is considered to be one of the best form of VR i.e. virtual reality. The flight simulator permits the pilot or flight crews to have the hands on knowledge of flying the flights in secured and safer way. Similarly, pilots are capable to exercise in different complex circumstances that might not be recognised in environmental terms.

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Increasing cost of the aircraft production and loss of human lives are some of the major factors that are driving the growth of flight simulator market. The cost of production of the military and commercial aircrafts are increasing continuously. Furthermore, these aircrafts require improved engines, strong navigation, safety measures, and communication system. Further leading to the increment in cost. However, Flight stimulation provide cheaper facilities at similar environment. Also reduces the cost for the loss of life. Hence is highly recommended for new pilot training and other staff training.

One of the key parameter that limits the growth of flight simulator market is the price involved in the construction of flight simulator. However, the main advantage of using flight simulator is that these flight simulator can be activated without damaging the actual aircraft, decreasing maintenance of aircraft.

Segment Overview

These flight simulators can be used on different platforms, including military aircraft, commercial aircraft, helicopter simulator and various Unmanned Aerial Vehicles (UAVs) such as drones. The commercial aircraft section is likely to lead the flight simulator market over the forecast period. Increase in the global air traveller traffic is the major factor driving the growth of aviation industry, and hence leading to the increased demand for commercial flying machine deliveries. This increase in the demand for the new aircraft creates added demand for the commercial pilots, acting as a major factor in propelling the growth of flight simulator market.

Regional Overview

Market growth in Asia Pacific region is mainly driven by the growing number of deliveries of commercial aircraft and unmanned aerial vehicles. Increase in disposable income and changing demographics in the region is further driving the demand of air travel, which supports demand for the new pilots, thus, consequentially resulting in the demand for the new flight simulators in region. For instance, rise in pilots by China's Eastern Airlines is propelling the flight simulator market.

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Competitor overview

Some of the important companies operating in the market are ZedaSoft, Inc.; Rockwell Collins; L-3 Link Simulation and Training; Kratos Defense and Security Solutions;, and Meggitt Training Systems. Players are collaborating with the technology providers in order to increase product range and decrease time-to-market. Additionally, they are focusing on improving the Aircraft Simulation Technology (AST) to provide superior product.
For instance, FlyInside Inc., VR Aviation Company, announced next generation Flight Simulator. It includes ten high-quality stock aircraft, latest VR support, a 64-bit engine intended for multi-core systems and modern GPUs, and scenery system.

Key Players
Boeing Company
Collins Aerospace
FlightSafety International
ZedaSoft, Inc.;
Precision Flight Controls
SIMCOM Aviation Training
Kratos Defense and Security Solutions;
Rockwell Collins;
L-3 Link Simulation and Training;
Meggitt Training Systems
CAE

Market Segmentation

By Platform
UAV
Commercial
Military
Helicopter Simulator
By Type
Full Flight
Flight Training Device
Full Mission
Fixed based
By Geography
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
UAE
Rest of LAMEA

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