DUBLIN, July 6, 2023 /PRNewswire/ — The “Commercial and Military Flight Simulation: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Commercial and Military Flight Simulation estimated at US$5.4 Billion in the year 2022, is projected to reach a revised size of US$7.6 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030.
Flight Training Devices (FTD), one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$3.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Flight Mission Simulators (fms) segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 6.1% CAGR
The Commercial and Military Flight Simulation market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$734.1 Million by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Select Competitors (Total 88 Featured) –
- Alsim Flight Training Solutions
- Bluedrop Performance Learning Inc.
- CAE, Inc.
- Collins Aerospace
- Cubic Corporation
- Elbit Systems Ltd.
- ELITE Simulation Solutions
- FlightSafety International, Inc.
- FRASCA International, Inc.
- HAVELSAN A.S.
- L3 Harris Technologies, Inc.
- Lockheed Martin Corporation
- Thales Group
- The Boeing Company
- TRU Simulation + Training Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- An Introduction to Commercial and Military Flight Simulation
- Historical Perspective
- Commercial and Military Flight Simulation: Current Market Scenario and Outlook
- Recent Market Activity
- Ongoing COVID-19 Outbreak: A Brief Note on Impact Assessment of Flight Simulation Market
- Flight Training Devices (FTD): The Largest Segment
- Full Flight Simulators Remain Relevant
- An Insight into the Development Phases of Full Flight Simulators
- Surging Demand for Flight Training Services
- Competitive Landscape
- Strategic Alliances and Collaborations: Key Competitive Factors
- L3Harris and CAE Dominate Military Simulators Market
- Commercial and Military Flight Simulation – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- New Aircraft Models to Drive Growth
- Commercial Aviation Emerges as Major End-Use Sector for Flight Simulation
- Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
- Demand for Civil Aviation Pilots Set to Accelerate in the Future – An Indication of Opportunity in Store for Commercial Flight Simulation Market
- Pilot Outlook: Number of Pilots for Years 2018E & 2030P
- Regulatory Safety Compliance Drives Demand for Flight Simulators in the Commercial Aviation Sector Aviation Sector
- Multi Crew Pilot Licensing Process to Support Demand for Simulators
- Opportunities in Military Aviation Sector
- Growth Drivers in a Nutshell
- Rising Global Security Concerns Propel Growth of Military Flight Simulator
- Review of Defense Budgets & Implications on Military Flight Simulation market
- Top Countries with Military Spending in USD Billion: 2019
- New Generation Aircraft Drive Demand for Flight Simulation Products & Services in Commercial & Military Aviation Sectors
- Sophisticated Avionics Create New Opportunities for Flight Simulators
- Technology Advancements Instigate Robust Market Momentum
- Focus on Select Flight Simulator/Device Models
- Select Technology Innovations
- A Note on Importance of Flight Simulator Evaluation
- Aviation Training Devices – A Review
- Online Simulation Based Aviation Pilot Training Grows in Popularity
- Simulator Manufacturers Expand into the Training Services Field to Expand Revenue Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ulg7fg
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
