According to the most recent analysis by Emergen Research, the size of the worldwide flight simulator market reached USD 6.90 billion in 2021 and is projected to grow at a revenue CAGR of 6.7% over the forecast period. One of the main factors propelling market revenue growth is consumers' increasing desire for air travel. In addition, factors such as greater disposable income and improved accessibility to air travel are all boosting industry revenue growth. There are more businesses being launched in India, Indonesia, and other nations related to improved flight simulator systems. This is mainly because there are more aviation training facilities in these nations.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Flight Simulator market include:
CAE Inc., L3Harris Technologies, Inc., Thales, Saab, Boeing, Airbus, ELITE Simulation Solutions, SIMCOM Aviation Training, Precision Flight Controls, and Avion Group
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Flight Simulator market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Flight Simulator Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Flight Simulator Market Segmentation:
-
Method Outlook (Revenue, USD Billion; 2019-2030)
- Synthetic
- Virtual
-
Type Outlook (Revenue, USD Billion; 2019-2030)
- Flight Training Devices
- Full Flight Simulators
- Full Mission Flight Simulators
- Fixed Base Simulators
-
Platform Outlook (Revenue, USD Billion; 2019-2030)
- Commercial
- Military
Flight Simulator Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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