Press release
Flight Simulator Market Is Poised To Reach USD 6.15 Billion By 2030, With Digital Aviation At The Forefront.
Flight Simulator
According to MRFR analysis, the global Flight simulator market is expected to register a CAGR of ~6.89% from 2022 to 2030 and hold a value of over USD 6.15 Billion by 2030.
The flight simulator market refers to the industry that develops and supplies flight simulation systems and software used for pilot training, research, and entertainment purposes. These simulators provide a realistic experience of flying an aircraft, allowing pilots to practice their skills in a safe and controlled environment.
The COVID-19 pandemic had a significant impact on the flight simulator market. With travel restrictions and reduced air travel, the demand for pilot training and simulator usage declined. Flight schools and airlines faced financial challenges, leading to a decrease in new simulator orders and upgrades. However, the market also witnessed a shift towards virtual and remote training solutions, as the need for social distancing and safety precautions increased. This led to increased adoption of virtual reality (VR) and augmented reality (AR) technologies in flight simulation, allowing pilots to train remotely and enhance their skills. As the aviation industry gradually recovers from the pandemic, the flight simulator market is expected to rebound, driven by the need for pilot training and the modernization of existing simulators to meet evolving aviation standards.
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Regional Analysis-
North America dominates the market due to the presence of major flight simulator manufacturers and a strong aviation industry. Europe follows closely, driven by the demand for pilot training and the presence of renowned aviation companies. Asia Pacific is experiencing significant growth due to the expansion of the aviation sector and the emergence of low-cost carriers. The Middle East and Africa region is also witnessing growth, driven by the increasing investments in aviation infrastructure and pilot training programs. Latin America is expected to show moderate growth, supported by the growing air travel market and the need for pilot skill development.
Market Segmentation-
The Global Flight simulator market has been segmented into Platform, Aircraft Type and Simulator Type
By Platform: Commercial Aerospace and Military Aerospace
By Aircraft Type: Fixed Wing Aircraft, Rotary Wing Aircraft and UAV
By Simulator Type: Live Simulation and Virtual Simulation
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Key Companies in the Flight Simulator Market include -
L3Harris Technologies, Inc. (U.S.)
Advanced Rotorcraft Technology, Inc. (U.S.)
FRASCA International Inc. (U.S.)
CAE Inc. (Switzerland)
Lockheed Martin Corporation (U.S.)
Boeing (U.S.)
FlightSafety International (US)
Thales Group (France)
United Technologies Corporation (U.S.)
TRU Simulation + Training Inc. (U.S.).
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Flight Simulator Industry Developments -
In April 2019, JetBlue Airways (U.S.) and CAE signed a partnership agreement to offer 2 Airbus A220- 300 CAE 7000XR Series full-flight simulators and 2 CAE 500XR flight training devices for enhancing the customer base.
In September 2019, the U.S. Navy was signed a contract worth USD 45.8 million with Boeing to develop P-8A Poseidon maritime patrol jet simulators.
In March 2019, Leonardo SpA and CAE Inc. formed a joint venture for its Philadelphia Training Academy. This has aimed to offer 3000 Series full-flight simulators, which are expected to launch in 2020.
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