Flight Simulator - Global Market Outlook (2016-2022)

According to Stratistics MRC, the Global Flight Simulator market is expected to grow from $5.89 billion in 2015 to $8.03 billion by 2022 with a CAGR of 4.5%. Adoption of virtual training to ensure aviation safety, raising demand for new military and commercial pilots and the need for cost-cutting of pilot training are the factors influencing the global flight simulator market growth. Furthermore, environmental issues and high fuel costs are driving aviation industry to adopt simulation training. On the other hand, high complexity of flight simulator systems is restraining the market.

By application, the military segment commands the flight simulator market with prominent share and is projected to continue its supremacy over the next seven years, while the commercial segment is anticipated to grow at a higher CAGR during the forecast period. The market for military simulators is mainly driven by their use in mission training and armed forces training. North America commands the global market, whereas the market in the Asia-Pacific is estimated to grow at the highest CAGR. The aviation industry in the Asia-Pacific region is projected to witness strong growth over the forecast period. The favorable growth is attributed to the rising demand for new aircraft deliveries and growing air traffic in this region.

Some of the key players in global flight simulator market include Airbus Group N.V., ATC Flight Simulator, CAE Inc., Command Sims. Pvt. Ltd., Flightsafety International Inc., FRASCA International Inc., Indra Sistemas, S.A., L-3 Communications Holdings, Inc., Lockheed Martin, Mechtronix, Moog Inc., Rockwell Collins, Inc., Simteq B.V, Softeks, Thales Group, The Boeing Company, The Raytheon Company, and TRU Simulation + Training.

Type of Flights Covered:
• Fixed Wing Simulator
• Rotary Wing Simulator
• Unmanned Aircraft Simulator

Commercial Flight Components Covered:
• Flight Training Devices
• Full Flight Simulator
• Fixed Based Simulator
• Other Commercial Flight Components

Military Flight Components Covered:
• Flight Training Devices
• Full Flight Mission Simulator
• Full Flight Simulator
• Other Military Flight Components

Applications Covered:
• Military
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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This release was published on openPR.