; Flight Simulator Market Size, Industry Share, Analysis, Forecast, 2032

Flight Simulator Market

Flight Simulator Market: By Type (Full Flight Simulator, Flight Training Devices, Fixed Based Simulator, Full Mission Simulator), By Platform (Fixed Wing Simulator, Rotary Wing Simulator, UAV Simulator), By Application (Military and Defense, Commercial), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032

Published on: Jan-2023
Report Code: FG A&D 01349
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] Flight Simulator Market to surpass USD 8.8 billion by 2032  from USD 4.95 billion in 2021 at a CAGR of 5.3%  throughout the forecast period 2022-32

Product Overview

Flight Simulator is a tool used for pilot training, aircraft design, and other purposes. It artificially recreates aircraft flight and the environment in which it flies. It entails reproducing the equations that determine how airplanes fly, how they respond to the use of flight controls, the influence of other aircraft systems, and how they react to environmental conditions like turbulence, air density, cloud, wind shear, precipitation, etc. Flight simulation is used for the development and design of the aircraft itself, research into the properties of the aircraft and control handling, flying training, and others. The ‘flight simulator’ definition is more accurately described by the more general term "Flight Simulation Training Device," which relates to several flight training equipment types.

Market Highlights

The Flight Simulator Market is expected to project a notable CAGR of 5.3% in 2032.

Flight Simulator Market to surpass USD 8.8 billion by 2032 from USD 4.95 billion in 2021 at a CAGR of 5.3% in the coming years, i.e., 2022-32. In the coming years, the demand for flight simulation is anticipated to be driven by the rising importance of aviation safety and the growing need for better and more efficient pilot training. Also, advantages like low operational costs, mission-critical training programs that ensure successful aircraft operation, and visual technologies that deliver an experience that is nearly identical to the real thing are contributing to the market growth.

Figure - Market Analysis of Flight Simulator Market


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Flight Simulator Market: Segments

The Full Flight Simulator segment is expected to grow with a higher CAGR during 2022-32

Flight Simulator Market is categorized on the basis of Type into Full Flight Simulator, Flight Training Devices, Fixed Based Simulator, and Full Mission Simulator. In the past years and over the forecast period, the Full Flight Simulator segment is projected to hold a greater share of the market. Due to this Full Flight Simulator’s exceptional capacity for training the pilot, crew, and ground support, it is expected to be in high demand across the globe. It is extensively used for a variety of training programs, including those for commercial, business, rotary, and helicopter pilots. It is also used for the creation and design of effective aircraft.

The Military and Defense segment is expected to grow with a higher CAGR during 2022-32

Flight Simulator Market is categorized on the basis of Application into Military and Defense and Commercial. The Military and Defense segment is expected to progress more speedily over the projected period. The use of commercial flight simulator technology to teach the navy, military, and air force is well documented. These simulators are frequently employed to prepare soldiers for a variety of roles, including those in tanks, aircraft carriers, helicopters, ships, transport planes, and tankers. They have a brighter future in the military and defense industry since different security forces in various nations are becoming more and more capable.

Figure - Market Analysis of Global Flight Simulator Market


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Market Dynamics

Growth Drivers

Growing Adoption of Modernized Technologies in Airline Sector and Rising Demand for Simulators

Owing to the increasing stringent safety regulations, the airline market’s expanding technological adoption is significantly improving aircraft efficiency. Moreover, the need for simulator systems is being driven by highly trained pilots. Due to frequent changes in aircraft size and model, and technology, pilots must get training in tactical engagement and equipment use. The flight deck crew and cabin crew exercise in augmented reality (AR) and virtual reality simulators (VR). These advantages are anticipated to increase demand for these simulators in the future, which will impact the growth of the Flight Simulator Market.

Rising Passenger Traffic and Increasing Need for Extra Flight Frequencies and Commercial Pilots

The demand for more flights at a higher frequency and for commercial pilots to fly with lighter loads has increased due to the exponential growth in air passenger traffic. To achieve high-profit margins and increased income, the airline businesses were operated with commercial aircraft at maximum load factors. For multinational corporations, the higher load factor is accelerating earnings and lowering operating expenses. These elements are likely to increase demand for fresh, professionally prepared pilots and first officers in the coming years. A rise in passenger volume that puts greater demand on airlines to find commercial pilots globally is also anticipated to fuel the Flight Simulator Market.

Restraint

High Costs of Flight Simulator Systems

Systems used in aircraft simulators are made up of numerous computers that each tackle a particular task. These systems must offer the real flight control implementation. Cloud, air density, precipitation, and turbulence are examples of external elements that impact the aircraft systems and how they respond. These elements must be incorporated into the systems to accurately simulate actual flight operations. These elements are responsible for the high price of aircraft simulation systems.

Recent Developments

  • One of the largest law enforcement agencies, CBP, awarded a contract to CAE USA, a division of CAE Inc., in March 2021 to provide U.S. (CBP) Customs and Border Protection aircraft pilot training services.
  • The French civil aviation authority (DGAC) certified the company's newly designed Reality H® helicopter simulator at level D full flight simulator qualification in September 2020, according to the Thales Group.
  • To deliver the market-leading training solution for Textron Aviation's comprehensive product line of business and general aviation aircraft, TRU Simulation + Training, a Textron Inc. division, and FlightSafety International, formed into a joint venture in October 2018.

Flight Simulator Market: Key Players

  • Raytheon Technologies

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • The Boeing Company
  • Airbus S.A.S.
  • Thales SA
  • L3Harris Technologies Inc.
  • Saab AB
  • CAE Inc.
  • Kratos Defense and Security Solutions
  • Flight Safety International
  • HAVELSAN
  • Tru Simulation + Training Inc.
  • Fidelity Technologies Corporation
  • SIMCOM Aviation Training
  • Frasca International Training
  • Precision Flight Controls
  • Other Prominent Players

Flight Simulator Market: Regions

Flight Simulator Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In terms of global revenue, North America held a significant market share of the Flight Simulator Market in 2019 and is predicted to grow steadily over the coming years. Early technology uptake by manufacturers and consumers is driving the market in the region.

The demand for these devices is expected to increase over the forecast period, especially in developing nations like China and India. Due to this, Asia Pacific is expected to grow rapidly. The rising demand for air travel due to growing trade and tourism is accounted for the market growth in Asia-Pacific.


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Impact of Covid-19 on Flight Simulator Market

The COVID-19 pandemic outbreak and strict lockdown measures had a significant impact on the aviation sector, leading to the temporary closure of flight simulator facilities and a drop in the number of active pilots. Hence, the simulator supply was delayed due to the decline in pilot demand. The employment of new pilots is anticipated to be impacted by the large revenue drop experienced by the airline sector.

Flight Simulator Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Flight Simulator Market report also contains analysis on:

Flight Simulator Market Segments:

  • By Type 
    • Full Flight Simulator
    • Flight Training Devices
    • Fixed Based Simulator
    • Full Mission Simulator
  • By Platform 
    • Fixed Wing Simulator
    • Rotary Wing Simulator
    • UAV Simulator
  • By Application
    • Military and Defense
    • Commercial 
  • Flight Simulator Market Dynamics
  • Flight Simulator Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Flight Simulator Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market Size Value in 2021

USD 4.95 billion

Revenue Forecast in 2032

USD 8.8 billion

Growth Rate

CAGR of 5.3% from 2022 to 2032

Base Year for Estimation

2021

Quantitative Units

Revenue in USD billion and CAGR from 2022 to 2032

Report Coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trend

Segments Covered

Type, Platform, Application, and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

Key Companies Profiled

Raytheon Technologies, The Boeing Company, Airbus S.A.S., Thales SA, L3Harris Technologies Inc., Saab AB, CAE Inc., Kratos Defense and Security Solutions, Flight Safety International, HAVELSAN, Tru Simulation + Training Inc., Fidelity Technologies Corporation, SIMCOM Aviation Training, Frasca International Training, Precision Flight Controls, and Other Prominent Players.

Frequently Asked Questions (FAQ):

The Flight Simulator Market size was estimated at USD 4.95 billion in 2021 and is expected to reach USD 8.8 billion in 2032.

A Flight Simulator is a tool used for pilot training, aircraft design, and other purposes. It artificially recreates aircraft flight and the environment in which it flies

The Full Flight Simulator and Military and Defense segments accounted for the larger share of the Flight Simulator Market.

Key players in the Flight Simulator Market are Raytheon Technologies, The Boeing Company, Airbus S.A.S., Thales SA, L3Harris Technologies Inc., Saab AB, CAE Inc., Kratos Defense and Security Solutions, Flight Safety International, HAVELSAN, Tru Simulation + Training Inc., Fidelity Technologies Corporation, SIMCOM Aviation Training, Frasca International Training, Precision Flight Controls, and Other Prominent Players.

In the coming years, the Flight Simulator Market is anticipated to be driven by the rising importance of aviation safety and the growing need for better and more efficient pilot training.

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