6th
September: This
Report Studies the Global Flight Simulator
Market size, industry status and forecast, competition landscape and growth
opportunity. This Research Report
categorizes the Global Flight Simulator Industry by Companies, Region,
Application, Type and end-use Industry.
Global flight
simulator market is expected to grow at a significant pace owing
to growing demand for aircraft. The increasing importance of aircraft safety
and the need for substantial flight training and simulation is estimated to
stimulate the industry growth. With increasing complexity of both military and
civil aircraft due to advancement in avionics, flight-crew training is
required. Thus, resulting in fueling the growth of flight simulator market.
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The research and development efforts in aerospace technology and
an increase in the rate of air transportation are anticipated to drive the
growth of this industry. The improved aerospace management and better
evaluation of pilots are the factors projected to boost the market growth.
Furthermore, the advantages associated with the flight simulation include an
ability to save fuel costs, ensuring aircraft safety and high efficiency of
simulation technology are presumed to have a positive impact on the growth of
this industry.
The increasing government initiative is estimated to fuel the
market growth. The Federal Aviation Administration developed a program named as
National Simulator Program (NSP). The aim of this program is to improve aviation
safety through the application of standards and regulations prevailing the
qualifications of FSTD (flight simulation training devices).
The New
Licensing Techniques and delivery of new aircraft support the growth
of global flight simulator market. In addition, flight simulation in the
military is estimated to spur the market growth owing to the high government
expenditures to strengthen national security. Moreover, the escalating demand
for high-level flight skills such as situational awareness for safety, flight
handling, and flight skill competency are also expected to contribute to
industry growth. However, lack of simulators for complex systems, and
interoperability could pose a challenge in the market growth.
The key emerging trend of fleet modernization plans by airlines
and continuous shift from conventional to simulation-based training are
projected to propel the growth of this sector. The development of simulators
for UAVs (Unmanned Aerial Vehicles) is expected to act as an opportunity for
market growth.
Flight
simulators artificially re-create aircraft flight and flying
environment, therefore providing the experience of flying a real aircraft.
These simulators are considered to be the important elements for flight
training for individual airline flight crew, jet fighter military pilots, and
general aviation pilots. It has also brought various changes in improving
training quality, reducing training risk and flight training methods.
Asia Pacific is expected to witness the fastest growth over the
forecast period owing to the increasing air travel in this region and growing
demand for training of pilots. The key players in this industry include L-3
Link, CAE Inc., Rockwell Collins, Diamond Visionics LLC, Lockheed Martin,
Augusta Westland, and NGRAIN Corporation. Other prominent players are Thales Training
& Simulation Ltd, Pacific Simulations Ltd., Sim-Industrie, Havelsan, Frasca
International, AXIS Flight Training Systems, Indra Sistemas and FlightSafety
International Inc.The mergers and acquisition is the major trend leading to the
market growth. In February 2016, CAE Inc., announced the acquisition of
Lockheed Martin Commercial Flight Training (LMCFT). The acquisition was done to
expand the customer installed base of commercial simulators.
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