Global Civil Aerospace Simulation and Training Market - Forecasts and Analysis (2018 - 2023)
The global civil aerospace simulation and training market is estimated to grow at a CAGR of 3.9% during the period 2016-2021. Flight simulation machines with motion simulators are highly in demand for their ability to give a more real life kind of experience to pilots. Although FAA research claims that motion simulation does not make much of a difference, the market demand for full flight simulator is still higher.
The market is growing significantly because of the increased use of virtual training methods. As a result of an increase in fuel prices, it has become difficult for airlines to provide airborne training to pilots. Therefore, airlines prefer simulator-based training, since it requires less time and costs cheaper, compared to training on the actual aircraft. An increase in the number of aircraft orders has also contributed to the demand for flight simulators. Major market restraints are lack of simulators for complex systems; increasing adoption of gaming technology and the presence of several private players in the market.
The market for global civil aerospace simulation and training has been segmented by –
Simulator Type (Flight Training Devices (FTD), full flight simulators (FFS) and others); Aircraft Type (Rotary Wing and Fixed Wing); and Geography (North America, Latin America, Asia-Pacific, the Middle East & Africa and Europe). The key players in the global civil aerospace simulation and training market are CAE, FlightSafety International Inc., Rockwell Collins, Atlantis Systems Corp. and Bombardier.
What the report offers
Market analysis of the global civil aerospace simulation and training market, with region-specific assessments and competition analysis on a global and regional scale. Market definition along with the identification of key drivers, opportunities and restraints. Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and key companies that can influence this market on a global and regional scale. An extensively researched competitive landscape section with profiles of major companies, along with their market share. Identification and analysis of the macro and micro factors that affect the civil aerospace simulation market on a global and regional scale.