The Global Market for Commercial and Military Flight Simulation is Projected to Reach US$12.7 Billion by 2022
New Aircraft Designs & Increased
Training Requirements to Match Pilot Skills With Changing Operational Flight
Dynamics to Drive the Commercial & Military Flight Simulation Market,
According to a New Report by Global Industry
Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Commercial and Military
Flight Simulation market. The global market
for Commercial and Military Flight Simulation is projected to reach US$12.7 billion
by 2022,
driven by the need to curb rising costs of pilot training by replacing
traditional techniques with low cost virtual training methods; continuous technological
development, launch of new generation aircraft and the parallel need to retrain
pilots on drivability control and operation of new generation aircraft.
Flight
simulation, over the years, has evolved into an integral part of pilot training
programs for both civil and military aviation. Given that purchasing an
aircraft exclusively for training is expensive, flight simulation which
replicates real flight training in a virtual environment has emerged into viable
alternative for training pilots. Cash strapped pilot training centers, airline
operators, and even the defense sector, are embracing virtual training methods.
With the aviation industry warming up to the benefits of virtual pilot training
models, there is a huge demand for a range of flight simulation products and
services. Pilot turnover, pilot retirement, pilot re-certification and
introduction of new aircraft models with advanced capabilities and features are
factors encouraging the need for training.
Rising
air traffic, increase in new aircraft deliveries, and capacity expansion
efforts of airline operators dictate growth patterns for flight simulation
products and services in the commercial aviation sector. Growth in the coming
years will be particularly led by growing aviation activity in developing
markets such as China and India. In addition, new aircraft programs, with advanced avionics and other technologies from
both Boeing and Airbus, are also expected to drive demand for flight simulation
equipment as well as services. Moreover, the relatively older commercial fleet
in the U.S. and Europe is being replaced with new generation aircraft,
necessitating the need to retrain pilots. On the military front, fifth
generation fighter aircraft programs are in advanced stages of induction in the
US, Europe, and China; which would drive the need for new training programs.
With China on the verge of commercial airliner production, new training
solutions would be required for these jets.
While
flight training services represent a major revenue contributor in the market, future
growth will be driven by Flight Training Devices (FTDs) and Full Flight
Simulators (FFS). In the military and defense aviation sector, demand is primarily
reliant on the health of defense spending, new additions to aircraft fleet, modernization
initiatives by armed forces, and deployment of advanced aircraft. Growing
territorial disputes, external and internal security threats, and subsequent
need to empower air force as a defense against enemy attacks will continue to
drive demand for aircraft and aircraft pilots, thus driving focus on pilot
training and simulation technologies. Commercialization of unmanned aerial
vehicles and airplanes will also provide newer business opportunities for
flight simulation in the long term. Growing demand for UAVs, particularly in
combat environment, and subsequent rise in demand for UAV operators will
encourage investments in the procurement of advanced UAV operator simulation
and training systems.
As
stated by the new market research report on Commercial and
Military Flight Simulation, Europe represents the largest market
worldwide. Asia-Pacific is
forecast to emerge as the fastest growing market with a CAGR of 6.8%
over the analysis period, led by factors such as military fleet modernization
efforts; booming commercial aviation sector in countries such as Thailand,
Malaysia, Australia, New Zealand, Indonesia, Singapore, China and India; increase
in the number of low cost airline carriers; growing investments in fleet expansion;
shortage of skilled pilots; strong demand for airline ready pilots; rise in aviation
fatalities caused due to loss of control
and the ensuing urgent need to spend heavily on pilot training.
Key
players in the market include Alsim Flight Training Solutions, Bluedrop
Performance Learning Inc., CAE, Inc., Cubic Corporation, Elbit Systems Ltd.,
ELITE Simulation Solutions, FlightSafety International, Inc., FRASCA
International, Inc., HAVELSAN A.S., Lockheed Martin Corporation, L3
Technologies, Inc., Rockwell Collins, Inc., Thales Group, The Boeing Company,
and TRU Simulation + Training Inc. among others.
The research report titled "Commercial
and Military Flight Simulation: A Global Strategic Business Report"
announced by Global Industry Analysts Inc., provides a comprehensive review of market
trends, growth drivers, product & service innovations and launches, and
strategic industry activities of major companies worldwide. The report provides
market estimates and projections for all major geographic markets including the
US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest
of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East &
Africa, and Latin America. Product segments analyzed in the report include
Commercial Flight Simulation (Commercial FFS, Commercial FTD, Commercial FTS)
and Military Flight Simulation (Military FFS, Military FTD, Military FTS).
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