The complexity of the systems is rising with the increasing technological advancement for various systems integrated into the aircraft. The manufacturers are strongly focusing on the development of simulators to provide a realistic flight training atmosphere to the pilots. With the boosting procurement of combat aircraft, the growing requirement for fighter pilots are positively leading the growth of aircraft simulator market in the forecast period.
MARKET SCOPE
The "Global Aircraft Simulator Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft simulator market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading aircraft simulator market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the market is segmented into full flight simulators (FFS), flight training devices (FTD), flight mission simulators (FMS), fixed base simulators (FBS) and others.
- Based on solutions the market is fragmented into products and services. Further the product segment is breakdown into simulator hardware and simulator software
- On the basis of aircraft type, the market is segmented into narrow body aircraft, wide body aircraft, regional transport aircraft, combat aircraft and UAV.
MARKET DYNAMICS
Drivers:
- Increasing demand for efficiency and effectiveness in pilot training and providing training to pilots for supporting aircrews and cadet pilots related to cockpit layouts as well as aircraft features.
- Technological advancements and acceptance of virtual pilot training to ensure aviation safety globally
Restraints
- System errors and lack of IT infrastructure in developing countries
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft simulator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aircraft simulator market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT SIMULATOR MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry's topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021.
MARKET PLAYERS
The report covers key developments in the aircraft simulator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft simulator market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft simulator in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft simulator market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Airbus
- Boeing
- CAE, Inc.
- Elite Simulation Solutions
- Flightsafety International
- Frasca International, Inc.
- L3 Technologies
- Precision Flight Controls, Inc.
- Thales Group
- The Raytheon Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.