Development of New Aircraft Platforms & Growing Demand for Well Trained Pilots to Drive the Global Commercial & Military Flight Simulation Market

The global market for Commercial and Military Flight Simulation is projected to reach US$13.7 billion by 2024, driven by increasing demand for civil aviation pilots, innovations in simulators technology, new aircraft platforms and modernization leading to emerging opportunities in training services, rising global security concerns giving rise to advanced military flight simulators, and regulatory safety compliance propelling demand for flight simulators.

Flight simulation has over the years evolved into an integral part of pilot training programs in the aviation industry. Inching its way upwards, flight simulation has treaded a long path, playing a major role in both civil as well as military & defense flight training. Dearth of skilled and trained pilots in the aviation industry has been seen over the last few years that bring to the fore, the importance of flight simulation, which can help impart quality training to trainee pilots and prepare them for employment in aviation industry. Replication of actual flying experience, in addition to being cost-effective in comparison to the cost of flight time, provides valuable hands-on experience required for pilots to make a smooth transition to actual aircraft. Flight simulation, as a training tool can provide complete immersive flying experience in a virtual word for trainee pilots, which helps enhance their situational awareness and prepare them for real life emergencies. 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.

Level of air traffic across the globe, number of new airline companies, demand for new aircraft and need among new and existing airline operators to hire skilled and trained pilots, primarily dictates growth patterns for flight simulation products and services in the commercial aviation sector. Opportunities for flight simulation products and services in military & defense aviation sector on the other hand are primarily reliant on health of defense spending, new additions to aircraft fleet, etc. The new aircraft, which are entering the commercial aviation fleet, and others scheduled to enter the fleet in the near future, are expected to drive growth of training devices, including simulators, for Type certification of pilots. Similarly, most of the major militaries around the world are embarking on modernization of aircraft fleet, both fixed wing and rotary wing. Additionally, fifth generation fighter aircraft in the US, Europe, and Russia are in late stage development or early stages of induction. These new advanced aircraft would require training equipment and/or services for training pilots, which bodes for the future of military simulation equipment and service providers.

In the coming years, demand is forecast to be high for flight simulators featuring motion simulators. These offer a more realistic experience. Flight simulators for UAVs offer a cost effective training solution while reducing the impact on environment at the same time. 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 coming years, the market for military simulation and training equipment and services would grow significantly in the Asia-Pacific owing to strong investments being made for enhancing defense sectors, in many countries in the region.

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 6.6% over the analysis period. Commercial aviation market in the region has been growing significantly over the years. Increase in air traffic and rise in passenger seat count is leading to growth in demand for technical as well as pilot training solutions. Continued aircraft deliveries and new airline orders for fleet expansion also bolster demand for commercial full-flight simulators in the region.

Key players in the market include Alsim Flight Training Solutions, Bluedrop Performance Learning Inc., The Boeing Company, CAE, Inc., Collins Aerospace, Cubic Corp., Elbit Systems Ltd. , ELITE Simulation Solutions, FlightSafety International, Inc., FRASCA International, Inc., HAVELSAN A.S., Lockheed Martin Corp., L3 Technologies, Inc., L3 Link Training & Simulation, Thales Group, and TRU Simulation + Training Inc., among others.

The research report titled "Commercial and Military Flight Simulation - Market Analysis, Trends, and Forecasts" 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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