Commercial and Military Flight Simulation Global Market is Projected to Reach $7.6 Billion by 2030: New Aircraft Models to Drive Growth
DUBLIN, July 6, 2023 /PRNewswire/ — The “Commercial and Military Flight Simulation: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Commercial and Military Flight Simulation estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$7.6 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
Flight Training Devices (FTD), one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$3.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Flight Mission Simulators (fms) segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 6.1% CAGR
The Commercial and Military Flight Simulation market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$734.1 Million by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 88 Featured) –
- Alsim Flight Training Solutions
- Bluedrop Performance Learning Inc.
- CAE, Inc.
- Collins Aerospace
- Cubic Corporation
- Elbit Systems Ltd.
- ELITE Simulation Solutions
- FlightSafety International, Inc.
- FRASCA International, Inc.
- HAVELSAN A.S.
- L3 Harris Technologies, Inc.
- Lockheed Martin Corporation
- Thales Group
- The Boeing Company
- TRU Simulation + Training Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Commercial and Military Flight Simulation
- Historical Perspective
- Commercial and Military Flight Simulation: Current Market Scenario and Outlook
- Recent Market Activity
- Ongoing COVID-19 Outbreak: A Brief Note on Impact Assessment of Flight Simulation Market
- Flight Training Devices (FTD): The Largest Segment
- Full Flight Simulators Remain Relevant
- An Insight into the Development Phases of Full Flight Simulators
- Surging Demand for Flight Training Services
- Competitive Landscape
- Strategic Alliances and Collaborations: Key Competitive Factors
- L3Harris and CAE Dominate Military Simulators Market
- Commercial and Military Flight Simulation – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- New Aircraft Models to Drive Growth
- Commercial Aviation Emerges as Major End-Use Sector for Flight Simulation
- Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
- Demand for Civil Aviation Pilots Set to Accelerate in the Future – An Indication of Opportunity in Store for Commercial Flight Simulation Market
- Pilot Outlook: Number of Pilots for Years 2018E & 2030P
- Regulatory Safety Compliance Drives Demand for Flight Simulators in the Commercial Aviation Sector Aviation Sector
- Multi Crew Pilot Licensing Process to Support Demand for Simulators
- Opportunities in Military Aviation Sector
- Growth Drivers in a Nutshell
- Rising Global Security Concerns Propel Growth of Military Flight Simulator
- Review of Defense Budgets & Implications on Military Flight Simulation market
- Top Countries with Military Spending in USD Billion: 2019
- New Generation Aircraft Drive Demand for Flight Simulation Products & Services in Commercial & Military Aviation Sectors
- Sophisticated Avionics Create New Opportunities for Flight Simulators
- Technology Advancements Instigate Robust Market Momentum
- Focus on Select Flight Simulator/Device Models
- Select Technology Innovations
- A Note on Importance of Flight Simulator Evaluation
- Aviation Training Devices – A Review
- Online Simulation Based Aviation Pilot Training Grows in Popularity
- Simulator Manufacturers Expand into the Training Services Field to Expand Revenue Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ulg7fg
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