Global Flight Simulator Market that contains information from 2018 to 2023. The market is expected to register a CAGR of more than 4% during the review period. —
Key Companies are:
We recognize the key players in the global flight simulator market CAE Inc. (Canada), ECA SA (France), Elbit Systems Ltd. (Israel), Flightsafety International Inc. (US), FRASCA International, Inc. (US), Indra Sistemas SA (Spain), L3 Technologies, Inc. (US), Thales SA (France), TRU Simulation + Training Inc. (US), and United Technologies Corporation (US).
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North America, Europe, Asia-Pacific, and Rest of the World are the various regions considered in this report. The global flight simulator market is projected to register nearly 4% CAGR from 2018 to 2023.
The North American market for flight simulator is expected to grow substantially during the forecast period. In 2017, the North American market accounted for the largest share. It houses two main countries, namely the US and Canada. The sheer existence of major players such as CAE, UTC, among others, result in the dominance of this region in the global market. Furthermore, players in this region are focusing on implementing advanced technologies such as AR/VR solutions. These initiatives impart market growth.
In Europe, market growth is driven by the UK, Germany, Russia and France. This region has some of the prominent combat aircraft manufacturers as well, namely, Sukhoi, Saab, Dassault, Leonardo, and BAE systems and top defense spenders such as Russia, France UK, Germany, Italy, and Turkey. These countries collectively spent approximately USD 263 billion in 2017. Meanwhile, the commercial aircraft fleet in Europe is expected to reach more than 8,000 by 2035. Hence, there is a significant demand for flight simulators for both commercial and military applications in this region.
Asia-Pacific is projected to be fastest-growing regional flight simulator market during the review period. China, Japan, and India are expected to contribute significantly to the growth of the regional market. China accounted for the largest market share in 2017. In the recent years, these countries are keen on procuring more military aircraft to enhance their air combat capabilities, which demands more fighter pilots and ultimately impacts the flight simulator market in this region.
The Rest of the World covers Middle East & Africa and Latin America. Factors such as ongoing territorial conflicts and focus on disrupting terrorist activities are prompting these countries to boost the defense expenditure which subsequently generates demand for new combat aircraft and UAVs. This, in turn, influences the market for flight simulators in this region.
The global flight simulator market has also been segmented based on type, application and platform.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis, for the leading competitors; it also offers a profile on the key market players. The report assists in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises a basic assessment of the competitive scenarios and strategies in the global flight simulator market, including high-growth regions and/or countries and the political and economic environment. The project report further provides historical market values and pricing and cost analysis.
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