How COVID-19 is impacting the Global Flight Simulator Market? - PowerPoint PPT Presentation

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How COVID-19 is impacting the Global Flight Simulator Market?

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The flight simulator market is estimated to be USD 5.7 billion in 2019 and is projected to reach USD 7.7 billion by 2025, at a CAGR of 5.2% from 2019 to 2025. – PowerPoint PPT presentation

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Title: How COVID-19 is impacting the Global Flight Simulator Market?


1
The report "Flight Simulator Market by Platform
(Commercial, Military, UAV, Helicopter
Simulator), Type (Full Flight, Flight Training
Device, Full Mission,
based), Line),
Training Solution
Fixed (Virtual, (Product, Region -
Services) and Global Forecast to
2025", is projected to grow from USD 5.7 billion
in 2019 to USD 7.7 billion by 2025, at a CAGR of
5.2 from 2019 to 2025. Flight simulators have
been witnessing a growing demand due to
characteristics, such as reliability and
provision of safe flight operations. Acceptance
of virtual flight training to ensure aviation
safety, such as risk associated with the life of
the pilot and aircraft is also supporting the
demand for flight simulators. There is a rising
demand for simulators for UAVs, and the possible
use of simulation for air accident investigation
is expected to further propel the growth of the
flight simulator market over the forecast
period. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id22246197 Unm
anned Ariel Vehicle (UAV) flight simulator market
projected to grow at the highest CAGR during the
forecast period Based on platform, the Unmanned
Ariel Vehicle (UAV) flight simulators market is
projected to grow at the highest CAGR during the
forecast period. Increasing demand for drone
simulators for drone pilots and operator training
is a factor driving the growth of the market for
flight simulators for UAVs. The demand for drone
operators is high due to the increasing number
of UAV deliveries across the globe. To facilitate
the training of drone operators, the demand for
drone simulators is rising all over the world.
Therefore, the growth of the UAV platform is
projected to drive the growth of the flight
simulator market during the forecast period.
Also, helicopter flight simulator market is
supported by the growth in the helicopters
deliveries. The Flight Training Devices (FTD)
segment of the market to lead during the
forecast period Based on type, the Flight
Training Devices (FTD) segment is projected to
grow at the highest CAGR followed by Full
Mission Simulators (FMS) and Fixed Base
Simulators (FBS). Simulation of a realistic
flight atmosphere during training through the
flight mission system is expected to lead to a
rise in the demand for this segment. Need to
train pilots to support aircrews and cadet pilots
and provide knowledge about cockpit layouts and
aircraft features is projected to fuel the growth
of the flight training devices segment. Also,
demand for flight simulators in the flight
training market is also driving the growth of
flight training devices.
2
Asia Pacific flight simulator market projected to
grow at the highest CAGR during the forecast
period Asia Pacific is projected to lead the
flight simulator market during the forecast
period. Growth is majorly driven by the growing
demand for new aircraft deliveries and
increasing air traffic in this region, which is
projected to boost the global flight simulator
market. The growth of the aviation industry is
also attributed to the increase in trade
tourism, as well as the increasing disposable
income of the middle-class population in
emerging economies, such as India and China. The
flight simulator market is gaining traction over
the past few years due to the presence of a
large number of established companies as well as
start-ups. Some of the major players in the
flight simulator market in North America include
Boeing Company (US), CAE (Canada), Collins
Aerospace (US), ELITE Simulation Solutions (US),
FlightSafety International (US), Frasca
International (US), Indra Sistemas (Spain), L-3
Communications (US), Precision Flight Controls
(US), Raytheon Company (US), SIMCOM Aviation
Training (US), and TRU Simulation Training
(US). Whereas, in Europe, Airbus Group
(Netherlands), Avion Group (Netherlands), and
Thales Group (France), are some of the leading
companies. Dont miss out on business
opportunities in Flight Simulator Market. Speak
to our analyst and gain crucial industry insights
that will help your business grow. About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
as clients. Almost 75,000 top officers across
eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Sanjay Gupta
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441 Email
Newsletter_at_marketsandmarkets.com
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