An Incisive, In-depth Analysis on the Flight Simulator Market
This study offers a comprehensive, 360 degree analysis on the Flight Simulator market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Flight Simulator market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Research Findings
- Adoption of flight simulators for military & defense applications will exhibit a healthy CAGR of 5% during the forecast period, 2020 – 2030.
- Demand for Fixed Flight Training Devices (FTD) continues to grow strong, on the back of their application in effective pilot trainings.
- Full Flight Simulator (FFS) sales will grow 1.5X between 2020 and 2030, though at a steady pace.
- Owing to proliferation of air travellers, especially in developing countries, civil applications of flight simulators will rise 1.4X during period of projection.
- North America leads the global flight simulator market, with a major revenue share of over 49%.
KEY FACTORS SHAPING FLIGHT SIMULATOR MARKET
Mounting Number of Air Passengers in Asia Pacific
Increasing preference for air travelling among consumers in developing countries of Asia Pacific is a central growth driver for the market. This can be accredited to the increase in disposable income of consumers, further complemented by improving affordability of air travel. To cater to this demand, new domestic routes and pilots for the same are needed. This further increases the demand for flight simulators for training new pilots.
Countries such as India, and Indonesia are witnessing the birth of unicorn start-ups such as Flipkart, Gojek, Zomato, and Oyo. Expansion of such start-ups further increases international travelling frequency of passengers between Asia Pacific and North America & Europe. This increasing frequency of air travelling also drives an increase in investments of airline companies in training of pilots on international routes, using advanced flight simulators.
Increasing Civil Applications
Improving Aircraft Simulation Technology (AST) has become a top priority for aircraft manufacturers. Statutory agencies and laws such as the Federal Aviation Administration (FAA), and Federal Aviation Regulations, mandate the use of flight simulators for training pilots, which spurs the demand growth of flight simulators. To capture maximum opportunities arising from the stringent federal aviation regulations, manufacturers are focusing on developing enhanced AST systems. Strategic mergers and acquisitions are thus being considered by key market players to consolidate technical expertise. For instance, Textron, L-3 Communications, and Lockheed Martin are acquiring commercial aircraft simulator competitors in a bid to dominate the civil aviation training segment.
COVID-19 Pandemic Impedes Emergence of Gainful Opportunities in Market
As the world fights COVID-19 outbreak through social distancing, isolation, and lockdowns, airline companies and airports are compelled to temporarily suspend their operations to a great extent. Cancellation of flights due to government restrictions create a heap of financial burden in terms of reimbursements. Further, these companies bear heavy operational costs from their cash reserves. Airport authorities are experiencing a massive loss each coming day, as there is no sale from duty-free, and other airport facilities. These factors are posing a direct impact on the near-term future of flight simulator manufacturers.
Since airline companies are exhausting their cash reserves on work-from-home salaries, ticket refunds for customers, and rescue operations for stranded nationals, investments in training of new pilots are naturally postponed for an unprecedented time. The uptake in demand can only be determined based on the recovery rate of the aviation industry.
Flight Simulator Market Structure Analysis
- The flight simulator market is moving towards consolidation, as major players are actively involved in strategic mergers and acquisitions.
- Integration of advanced technologies such as AR, VR, and AI to create enhanced pilot training environments is a key product differentiation strategy adopted by many players.
- For an instance, CAE has installed an in-house Research and Development department that dedicatedly works for leveraging technologies that enhance flight simulator training environments.
North America, Latin America, Europe, South Asia & Oceania, East Asia, and Middle East & Africa
CAE Inc., L-3 Communications Holdings Inc., Flightsafety International, The Boeing Company, Thales Group, Collins Aerospace, Airbus Group N.V., Indra Sistemas SA, TRU Simulation + Training, The Raytheon Company, Elite Simulation Solutions, Frasca International Inc., Precision Flight Controls Inc., Avion Group, and Simcom Aviation Training.
A recent market study published by FMI on the flight simulator market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.
Flight Simulator Market: Segmentation
Chapter 01 - Executive Summary
The report initiates with the executive summary of the Flight Simulator Market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the market.
Chapter 02 - Market Overview
In this chapter, readers can find the definition and a detailed taxonomy of the market, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the market report.
Chapter 03 - Key Success Factors
This section includes key successful factors and strategies adopted by key market participants.
Chapter 04 - Global Demand Analysis 2015-2019 & Opportunity Assessment 2020-2030
This section explains the global market value analysis and forecast for the market for the forecast period of 2020-2030. This chapter includes a detailed analysis of the historical market, along with an opportunity analysis for the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030). Along with this, pricing analysis of the market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the market in the forecast period of 2020-2030.
Chapter 05 - Market Background
This chapter explains key macroeconomic factors that are expected to influence the growth of the market over the forecast period. Along with the macroeconomic factors, this section also highlights supply chain, forecast factors, and value chain analysis for the market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Chapter 06 - Global Market Analysis 2015-2019 & Opportunity Assessment 2020-2030 by Type
This chapter provides details about the market on the basis of types has been classified into full flight simulator (FFS), and fixed flight training devices(FTD). In this chapter, readers can understand the market attractiveness analysis based on type.
Chapter 07 - Global Market Analysis 2015-2019 & Opportunity Assessment 2020-2030 by Region
This chapter explains how the Market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA).
Chapter 8 - North America Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter includes a detailed analysis of the growth of the North America Market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on product, end-use, and countries in North America.
Chapter 9 - Latin America Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 10 - Europe Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
Important growth prospects of the market based on its end users in several countries such as Germany, France, the U.K., Spain, BENELUX, Russia, Italy, and the Rest of Europe are included in this chapter.
Chapter 11 - East Asia Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the flight simulator products market in East Asia.
Chapter 12 - South Asia Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the market in South Asia by focusing on India, Thailand, Indonesia, Malaysia, and the Rest of South Asia. This section also helps readers understand the key factors that are responsible for the growth of the Market in South Asia.
Chapter 13 - Oceania Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the market in Oceania by focusing on Australia, New Zealand. This section also helps readers understand the key factors that are responsible for the growth of products in the Oceania market.
Chapter 14 - Middle East & Africa Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides information about how the market will grow in major countries in the MEA region such as GCC, Turkey, Northern Africa, South Africa, and the Rest of MEA, during the forecast period of 2020-2030.
Chapter 15 - Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the flight simulator market, along with their market presence analysis by region and product portfolio.
Chapter 16 - Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Boral Limited, Lafarge, Gulf flight simulator Co. LLC, Olson flight simulatorCompany, CEMEX S.A.B. de C.V., Forterra, Tindall Corporation, Spancrete, and ELO Beton.
Chapter 17 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the flight simulator market report.
Chapter 18 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the flight simulator market.