Global Flight
Simulator Market is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the industry growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Flight Simulator Market
study offers detail overview of industry with all the requisite data to support
tactical business decisions and come up with strategic growth plans. This study
also proposes a comprehensive insight into the development policies and plans
in addition to manufacturing processes and cost structures.
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"Rise in passenger air
travel is anticipated to spur flight simulators demand"
By 2024 the global flight
simulator market is expected to reach $5.62 billion. Training programs that are
critical mission based offer improved operation of aircraft, visual systems and
helps in cutting down operational costs to offer experience of real world, act
as major benefits of the system and are expected to open up newer market spaces
over few years from now. The rightful importance that aircraft safety is
experiencing is also one of the reasons for need of training to boost-up over 8
years.
Flight handling and other
processes such as skill adaptability and awareness of situation may also be the
reason for the growth of the industry. Also the increase in demand for
effective and improvised training of pilots may become decisive. Research and
development along with technological improvements are on all-time high in this
industry leading to far better simulation products.
Improved products now come
in packed with higher efficiency and greater ability to save fuel costs.
Ever-modifying technology in this sector has resulted in the advancements of
motion and visual systems for better smoothness which also is expected to drive
the demand for simulators over the forecasted period.
Higher initial investments
related to manufacturing and also the maintenance costs are the factors that
can hinder the growth of this industry. Negative impact can also be faced due
to physical environment limitation and behavioural fidelity. However in spite
of all these factors, rising prices of pilot training costs, need to save the
maintenance costs and ever-changing fuel costs will impact positively in
growth. Recent developments in the field such as ECAM displays and aircraft
logic which is realistic have significantly led to increase in usage of flight
simulators.
"FFS expected to
witness substantial growth over the next eight years"
The two major segments of
the industry are fixed flight training devices (FTDs) and full flight simulator
(FFS) which accounts for 85% of the total revenue in 2015. High technical
flight simulators that offer reliability and higher fidelity characterise the
FFS. Accurate simulation is achieved by FFS in the environment that it works.
Realistic training experience is created by FFS devices creating sound, motion
and other visuals along with all other flight operations.
FTDs have limited visual
display. The sole purpose of these devices is to impart the knowledge of
indicators and switches on the console. Low cost both for operations and
purchasing is the only reason these devices find their way in the market.
"FFS expected to
witness substantial growth over the next eight years"
30% of the total revenue in
2015 came from the segment of application which comprises of military and
defence which is also expected to rise over forecast period. Simulators are
used in war-intensive training by the military and defence.
Application in Civil
aviation is expected to grow at CAGR of more than 4.0% over the 8 years due to
increased adoption of flight simulators regular competency and training of the
crew checking in order to retain the licenses of the crew.
"Asia Pacific emerged
as the fastest growing in 2015"
25% of the total revenue in
2015 came from the region of North America and is also expected to rise due to
significant growth caused by advancements in technology which has increased the
adoption rate of the technology by the manufacturers. Also the strict
regulations enforced by Federal Aviation Administration (FAA) which emphasise
on use of simulators for training may boost the growth rate regionally.
High growth over the
forecast period is anticipated from the region of Asia Pacific due to ever
increasing demands of the devices in the nations particularly such as India and
China. Entry of Chinese manufacturers in 2015 may also add up to the growth
rate. On the contrary, North America will face a slower growth over the period
2016-2024, due to changes in the air safety policies along with more strict
standards by FAA in the US.
"CAE accounted for
more than 40% of the global market"
Lockheed Martin, CAE,
Alenia Aeronautica, Boieng, Cassidian, HAVELSAN, Kratos Defense, HAVELSAN, L-3
Link Simulation and Training and Rockwell Collins are the major companies
offering this product. Manufacturers prefer contracting the subcontractors and
suppliers with prices and quantities and delivery timeframes for longer
durations. Mergers and acquisitions are undertaken as a part of strategy by
firms to make an impact with their presence.
Key manufacturers focus on
tying-up with technology providers so that the product they offer is improved
and the time for transit to market is reduced. Efforts are also being made by
the suppliers to continuously improve Aircraft Simulation Technology (AST) so
that a better product is offered.
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