The global Flight Simulator Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Flight Simulator Market
study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Flight Simulator
Market Forecast provides sizing and growth opportunities. It provides
comprehensive insights on the latest industry trends, forecast, and growth
drivers in the market. it also includes a detailed analysis of growth drivers,
challenges, and investment opportunities and delivers a complete overview of
segments and the regional outlook of the market.
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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.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Flight Simulator: Market Variables, Trends & Scope
Chapter
4 Flight Simulator: Product Estimates & Trend Analysis
Chapter
5 Flight Simulator: Application Estimates & Trend Analysis
Chapter
6 Flight Simulator: End-use Estimates & Trend Analysis
Chapter
7 Flight Simulator: Industrial End-use Estimates & Trend Analysis
Chapter
8 Flight Simulator: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Flight Simulator: Manufacturers Company Profiles
Top Key Players of Flight
Simulator Market :
Lockheed Martin, CAE,
Alenia Aeronautica, Boieng, Cassidian, HAVELSAN, Kratos Defense, HAVELSAN, L-3
Link Simulation and Training and Rockwell Collins
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