Commercial Aircraft Simulation Market : By Solution, New Investment Opportunities Forecast 2021-2031

Commercial Aircraft Simulation Market Outlook - 2027

An aircraft simulator is a device that recreates an artificial environment for the aircraft in which it flies. Aircraft simulator helps in the training of the pilot by providing them a real time scenario. It can also be used to control handling characteristics, research aircraft characteristics, and development & design of an aircraft. The main purpose of commercial aircraft simulator is to maintain and test proficiency in handling the operations of an airplane. A commercial aircraft simulator comprises control devices, multiple displays, a computer system that process record flight data and control inputs, and an audio system for communication.

COVID-19 Scenario analysis:

Due to COVID-19 situation, the research & development in commercial aircraft simulation companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.

COVID-19 is expected to have a significant impact on the supply chain and product demand in the aviation industry. The aviation & transport industry is among the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty.

The government all across the globe are cancelling the visa of foreign people and locking down the affected area, which is restricting scientists to move and affecting R&D of commercial aircraft simulators.

However, the high cost involved in the making of commercial aircraft simulator and complexities in acquiring license are limiting the growth of the aircraft simulator market. Increase in government spending and growing security concerns particularly in the military sector is expected to increase the demand for commercial aircraft simulation market in the near future.

For instance, demand for new pilots is expected to rise dramatically over the next two decades as a result of new aircraft entering the global fleet. According to Boeing, 790,000 new pilots are likely to be required by 2037 to meet growing passenger fleet. Similarly, in 2018, Airbus estimated a worldwide demand of pilots to reach 450,000 by 2035. Hence, this rise in demand of pilots coupled with the requirement of their training is expected to drive the growth of the commercial aircraft simulators market.

Key benefits of the report:

This study presents the analytical depiction of the global commercial aircraft simulation industry along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with the detailed analysis of the global commercial aircraft simulation market share.

The current market is quantitatively analyzed from 2020 to 2027 to highlight the global commercial aircraft simulation market growth scenario.

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