Global Flight Simulator Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Flight Simulator Market 2021 (Includes Business Impact of COVID-19)
Global Flight Simulator Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global flight simulator market report has been segmented on the basis of type, solution, platform, and region.
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The global Flight Simulator market size was valued at USD $2.50 billion in 2020 and is projected to reach $4.64 billion by 2030, and is anticipated to expand at a CAGR of 7.45% over the forecast period from 2020 to 2030.


Global Flight Simulator Market: Overview


A flight simulator is used for simulation of the environment of a flying aircraft for the pilot. It is a virtual reality system that is used for pilot training, gaming, or recreational purposes. It is also used for designing and development of aircraft, control handling characteristics, researching characteristics, accident investigations, etc.  This system offers experience specific to a certain type of aircraft. Fight simulation software and hardware can be designed and developed for the training of military as well as civil aircraft pilots.


Global Flight Simulator Market: Dynamics


Growing commercial aviation sector, coupled with increasing demand for pilots are major factors driving growth of the global flight simulator market. Flight simulator not only offer safety but also saves time and money. It is used for training crew members and pilots in normal and emergency operating procedures. It can also include different scenarios such as malfunctions or failures of hydraulic, electronic, flight instruments systems, etc. These are also some of the factors supporting growth of the global market. Furthermore, the development of simulators for unmanned aerial systems is a factor expected to boost growth of the global flight simulator market in the near future.

However, difficulties faced by manufacturers to keep up with the new technological advancements in the aviation sector is a factor that could hamper growth of the global flight simulator market. Nevertheless, the use of flight simulators for the investigation of air accidents can create high revenue opportunities for players in the target market.


Global Flight Simulator Market: Segment Analysis


Among the type segments, the flight training devices sub-segment is expected to register lucrative growth in terms of revenue over the forecast period. Flight training devices offer realistic flight atmosphere while flying in the form of simulation is a factor driving growth of this segment in the target market.

Among the platform segment, the unmanned ariel vehicles segment is expected to register high growth in terms of revenue in the near future. Increasing adoption of unmanned ariel vehicles for various application, coupled with increasing demand for drone operators are factors anticipated to boost growth of this segment in the global market in the next 10 years.


Global Flight Simulator Market: Regional Analysis


Market in North America accounts for a significant share in terms of revenue and is expected to maintain its position over the forecast period, followed by Europe. Presence of prominent players is a key factor supporting growth of the target market in countries in these regions. Market in Asia Pacific is expected to register the fastest growth in terms of revenue in the near future. Increasing military budget in countries such as China and India is a factor driving growth of the target market in this region. In addition, increasing demand for commercial aircraft and unmanned aerial vehicles is another factor propelling growth of the flight simulator market in the Asia Pacific.

Global Flight Simulator Market Segmentation:

Segmentation by Type:

  
Flight Simulator
  
Fixed Base Simulators (FBS)
  
Flight Training Devices (FTD)
  
Flight Mission Simulators (FMS)
  
Full Flight Simulators (FFS)
  
Flight Simulator Training
  
Line Training
  
Virtual Training

Segmentation by Solution:

  
Services
  
Products

Segmentation by Platform:

  
Military Aircraft Simulator
  
Transport/Tankers Aircraft
  
Special Mission Aircraft
  
UAV Simulator
  
Helicopter Simulator
  
Combat Aircraft
  
Training Aircraft
  
Commercial Aircraft Simulator
  
Regional Transport Aircraft
  
Wide Body Aircraft
  
Very Large Aircraft
  
Narrow Body Aircraft


Key Market Players included in the report:


  
Advanced Rotorcraft Technology Inc. (US)
  
Airbus Group (Netherlands)
  
Alenia Aeronautica
  
Avion Group (Netherlands)
  
Boeing Company (US)
  
CAE Inc. (Switzerland)
  
Cassidian
  
Collins Aerospace
  
Elite Simulation Solutions
  
Fidelity Technologies Corporation
  
Flightsafety International
  
FRASCA International Inc. (US)
  
HAVELSAN
  
Indra Sistemas (Spain)
  
Kratos Defense and Security Solutions
  
L-3 Communications Holdings Inc.
  
L3Harris Technologies Inc. (US)
  
Lockheed Martin Corporation (US)
  
Precision Flight Controls (US)
  
Raytheon Company(US)
  
Rockwell Collins.
  
SIMCOM Aviation Training (US)
  
Thales Group (France)
  
The Boeing Company
  
The Raytheon Company
  
TRU Simulation + Training Inc. (US)
  
United Technologies Corporation (UTC) (US).


Below are the key development related to Flight Simulator Market in 2020 and 2021.


August 2021: Pan Am Announces Acquisition Of A B757-200 Full Flight Simulator And A 757 Flight Training Device. Pan Am Flight Academy announced the acquisition of a Boeing 757-200, Full- Flight simulator. This Level D simulator, along with a level 5 Flight Training Device (FTD), are currently being relocated from Dallas Fort Worth, Texas to the Pan Am Headquarters in Miami, Florida and are scheduled to be available for training. Source

November 2020: CAE acquires Flight Simulation Company.  CAE announced that it has acquired all the issued and outstanding shares of Flight Simulation Company B.V. (FSC) for a cash consideration of approximately €70 million (approximately C$108 million) paid to the sellers, calculated on the basis of an enterprise value of €100 million (approximately C$155 million). The acquisition expands CAE’s ability to address the training market for customers operating in Europe, including airline and cargo operators. It provides CAE with an expanded portfolio of customers and an established recurring training business which is highly complementary to CAE’s network. FSC is based in Amsterdam and includes a modern fleet of mainly CAE-built full-flight simulators (FFSs) and training devices, comprised of nine narrow body B737 and A320 FFSs, two widebody aircraft FFSs and one regional jet. Source

June 2021: Rex acquires 737 simulator. Australian regional carrier Rex announced the acquisition of a Boeing 737 Full Flight Simulator (B737 FFS) from Boeing US Training & Flight Services LLC. The B737 FFS satisfies the Qualification Level D requirements promulgated by the Civil Aviation Safety Authority (CASA) and will be used for type ratings, recurrent training and proficiency checks. It is also certified for Upset Recovery Training (UPRT) and can be configured for a number of variants of the B737, including B737-800, B737-700 and B737 Boeing Business Jet (BBJ). The B737 FFS will continue to be housed at and maintained by Ansett Aviation Training (AAT) in Brisbane. It will later be co-located with the SAAB 340 FFS at Rex’s Simulator Centre in Sydney when the latter is ready in 2 years’ time. Rex will make the B737 FFS available for use by other carriers, within Australia and internationally, whenever spare slots are available. The acquisition of the Boeing 737 FFS bolsters Rex’s position in the domestic market by strengthening our training capabilities and demonstrates Rex’s long-term commitment to domestic operations in Australia. Source