Flight Simulator Market development trends, key manufacturers and competitive analysis 2018-2025

 thomas trump
  19th-Sep-2018
 57
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19th September: Global Flight Simulator Market is expected to grow at a significant pace owing to growing demand for aircraft. The increasing importance of aircraft safety and the need for substantial flight training and simulation is estimated to stimulate the industry growth. With increasing complexity of both military and civil aircraft due to advancement in avionics, flight-crew training is required. Thus, resulting in fueling the growth of flight simulator market.

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The research and development efforts in aerospace technology and an increase in the rate of air transportation are anticipated to drive the growth of this industry. The improved aerospace management and better evaluation of pilots are the factors projected to boost the market growth. Furthermore, the advantages associated with the flight simulation include an ability to save fuel costs, ensuring aircraft safety and high efficiency of simulation technology are presumed to have a positive impact on the growth of this industry.

The increasing government initiative is estimated to fuel the market growth. The Federal Aviation Administration developed a program named as National Simulator Program (NSP). The aim of this program is to improve aviation safety through the application of standards and regulations prevailing the qualifications of FSTD (flight simulation training devices).

The new licensing techniques and delivery of new aircraft support the growth of global flight simulator market. In addition, flight simulation in the military is estimated to spur the market growth owing to the high government expenditures to strengthen national security. Moreover, the escalating demand for high-level flight skills such as situational awareness for safety, flight handling, and flight skill competency are also expected to contribute to industry growth. However, lack of simulators for complex systems, and interoperability could pose a challenge in the market growth.

Flight simulator on the basis of application is classified into commercial and military sectors. Military sector is expected to witness significant growth over the decade owing to the increasing terrorist activity and high government expenditures.

Geographically, the key regions identified in this industry are North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market followed by Europe owing to the presence of a large number of key players in this region. The stringent government regulations favoring the market is also anticipated to propel the market growth.

Asia Pacific is expected to witness the fastest growth over the forecast period owing to the increasing air travel in this region and growing demand for training of pilots. The key players in this industry include L-3 Link, CAE Inc., Rockwell Collins, Diamond Visionics LLC, Lockheed Martin, Augusta Westland, and NGRAIN Corporation. Other prominent players are Thales Training & Simulation Ltd, Pacific Simulations Ltd., Sim-Industrie, Havelsan, Frasca International, AXIS Flight Training Systems, Indra Sistemas and Flight Safety International Inc. The mergers and acquisition is the major trend leading to the market growth. In February 2016, CAE Inc., announced the acquisition of Lockheed Martin Commercial Flight Training (LMCFT). The acquisition was done to expand the customer installed base of commercial simulators.

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