Global Flight Simulator Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Flight Simulator Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Flight Simulator market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global flight simulator market size was valued at USD 4.6 billion in 2019 and is expected to register a revenue-based CAGR of 4.2% over the forecast period. The benefits offered by these devices include mission critical training programs that ensure effective aircraft operation, low operational costs, and visual systems, that offer near real world experience, and are anticipated to offer avenues for market growth over the next few years. Rising demand for better and effective pilot training is anticipated to catapult growth. The growing importance of aircraft safety as well as the need for substantial training is anticipated to spur demand over the next eight years.

Further, the need for flight handling and safety operations such as situational awareness and skill competency may also promote industry growth. The industry is witnessing unprecedented R&D efforts in aerospace technology coupled with technological advancements resulting in development of highly advanced flight simulators. These products offer high efficiency and have the ability to save fuel costs. Additionally, advancements in computing technology have significantly resulted in incorporation of better visual and motion systems for enhanced fidelity and smoothness, which is also anticipated to drive the market flight simulators market over the forecast period.

High manufacturing cost coupled with on-going operation and maintenance costs are some of the additional factors expected to hamper product demand. Additionally, limited physical environment and behavioral fidelity associated with flight simulators may negatively impact the market for flight simulator over the forecast period. However, the rising concerns over pilot training cost, fluctuating fuel prices, and cost saving on actual aircraft maintenance and repair are also favorably impacting industry growth. Development of realistic aircraft flying simulation system with overhead and ECAM displays using aircraft system logic, has significantly resulted in high adoption of these devices.

The flight simulators are built to replicate the cockpit and the cabin of actual aircrafts. The dashboard of the flight simulator is fixed with motion and visual systems to create realistic environments for the pilots. This allows the pilots to precisely feel the movement in aircraft and the visual systems helps them to work out with the approach procedures at the airports. The visual systems are designed to offer the pilots with satellite quality 180 degree view.

Technological advancements resulting in development of highly advanced flight simulator is expected to drive market growth. Lockheed Martin Corporation offers a flight simulator named Prepar3D, which can recreate the cityscape, and night flying illustrations. They have kept it as an open source for private users and software developers to create new applications and environments thus ensuring constant evolution of the program. Additionally, advancements in computing technology have significantly resulted in better visual systems offering near real world experience, which may also drive industry growth over the next seven years

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Flight Simulator market are included as given below:

The key market players include AeroVironment Inc.; ABB; BP Chargemaster; ChargePoint, Inc.; ClipperCreek; Eaton; General Electric; Leviton Manufacturing Co., Inc.; SemaConnect, Inc., Schneider Electric; Siemens; Tesla, Inc.; and Webasto. These players are continuously working toward new product development and upgrades of their existing product portfolio. For strategic growth, these players prefer collaborations with other players or EV manufacturers. For instance, in 2016, ChargePoint, Inc. collaborated with BMW of North America, LLC and Volkswagen of America, Inc. for setting up approximately 100 DC fast-chargers across east and west coasts of U.S.

Moreover, these players are consolidating their market shares by undertaking M&A activities. In 2017, Chargemaster Plc announced the acquisition of Elektromotive Limited, an infrastructure supplier, along with its subsidiary (Charge Your Car). Through this acquisition, the former company is planning to expand its existing portfolio and customer services. Furthermore, in 2018, BP plc acquired Chargemaster Plc, U.K.’s leading supplier of EV chargers and the largest EV charging network. Post-acquisition, Chargemaster Plc has rebranded BP Chargemaster. The acquisition enabled BP plc to deploy fast and ultra-fast charging network on BP’s U.K. forecourts

The global Flight Simulator market has been segmented as below:

• Application 

  • Full Flight Simulator (FFS)

  • Fixed Flight Training Devices (FTD)

• Product 

  • Military & defense

  • Civil

• Global Flight Simulator Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Flight Simulator development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects