Simulators Market Size with Emerging Key Players, Scope, Share, Repost Analysis, Trend and Forecast
Simulators Market Size
Global Simulators Market is projected to be valued at USD 29,100 Million by 2030, registering a CAGR of 4.31% during the forecast period, 2020–2030. Factors such as the increasing demand for pilots in the aviation industry and the need to reduce pilot training costs are expected to drive market growth. Additionally, increasing collaborations between prominent simulator providers and aviation training providers are also expected to drive the growth of the market. For example, in 2018, TRU Simulation + Training Inc. and Flight Safety International, an aviation training company based in the US, announced plans to form a joint venture to provide training solutions for Textron aviation’s broad product portfolio and general aviation aircraft.
However, issues related to the lack of interoperability and long product lifecycle might hamper the growth of the market.
Growth Opportunities in the Market
The Military Training Segment to Grow at the Higher CAGR: The military segment is anticipated to grow at the higher CAGR during the forecast period. The growing adoption of simulators by the armed forces to offer enhanced training to pilots is expected to drive the growth of the segment. For example, in April 2020, Saab AB signed a contract with the UK Army to provide services and support to the Direct Fire Weapon Effects Simulator (DFWES).
The Products Segment Dominated the Market in 2019: The products segment dominated the market in 2019 owing to increasing product launches by companies such as CAE Inc. and Ryan Aerospace. For example, in 2018, Ryan Aerospace launched the HELIMOD Mark III, a Global Simulators Limited with a helicopter vertical reference feature and long line training operations.
The Airborne Segment Is Expected to Register the Highest CAGR: The airborne segment is projected to register the highest CAGR from 2020 to 2026, due to the increasing use of unmanned aerial vehicles (UAVs) for surveillance and assault and the rising requirements for fighter aircraft and attack helicopters by countries, such as India, China, the US, and Saudi Arabia, which will increase the demand for pilots, in turn, driving the demand for flight simulators for these aircraft.
The Live, Virtual & Constructive Simulation Market Segment Is Expected to Register the Highest CAGR: The live, virtual & constructive simulation (LVC) segment is projected to record the highest CAGR during the forecast period. The increasing demand for low-cost LVC military crew training solutions is expected to drive the growth of the segment.
Key Players
Key Players in the global Simulators Market include CAE Inc. (US), L3Harris Technologies, Inc. (US), Thales Group (France), Saab AB (Sweden), Indra (Spain), Flight Safety International (US), Boeing (US), Raytheon Technologies Corporation (US), Airbus S.A.S. (Netherlands), Tru Simulation + Training Inc. (US)
Other Prominent Players
Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Elite Simulation Solutions (US), Fresca International, Inc. (US), Precision Flight Controls, Inc. (US), Avion Group (Netherlands), Sitcom Aviation Training (US), Kongsberg Maritime (Norway), VSTEP Simulation BV (Netherlands), ARI Simulation (India), ECA Group (France), Ryan Aerospace (Australia)
Market USP
The growing adoption of AR technology in the aerospace & defense industry and the growing adoption of UAVs are projected to drive the growth of the Simulators market.
Simulators Market Research Report: Information by Application (Commercial Training and Military Training), Solution (Products and Services), Platform (Airborne, Land and Maritime), Type (Full Flight Simulators, Flight Training Devices, Other), Technique (Live, Virtual & Constructive Simulation, Synthetic Environment Simulation and Gaming Simulation) and Region (North America, Europe, Asia-Pacific, the Middle East and the Rest of the World) - Forecast till 2027 @https://www.marketresearchfuture.com/reports/simulators-market-9700
Related Links:
· Aircraft Aftermarket Parts Market: Information by Parts (MRO Parts, Rotatable Scrap Replacement Parts, Consumable, Expendable), By Application (Commercial and Military) - Forecast till 2027
· Electronic Warfare Market Research Report: Information By Category (Electronic Attack (EA), Electronic Support (ES) and Electronic Protection (EP)), Product (Jammers, Countermeasure System, Decoy, Directed Energy Weapon, 2G Antennas, 3G Antennas, 4G Antennas, 5G Antennas and Others), Platform (Land-based, Airborne and Naval) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast to 2027
· Commercial Aircraft Cabin Interior Market by Product Type (Seating, Lighting, Windows, Galley, In-Flight Entertainment and Lavatory), by Aircraft Type (Wide Body Aircraft and Narrow Body Aircraft), by Fit (Line Fit and Retro Fit), and by Region – Forecast To 2028
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
English
Arabic
Français
Español
Português
Türkçe
Dutch
Italiano
Russian
Romaian