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Airlines were quickly expanding their global networks and introducing several new planes to their fleet every year just before the COVID-19 epidemic. However, the situation altered in 2020 as a result of the COVID-19 pandemic, with some pilots losing their employment as a result of the airline fleet being grounded to stop the virus from spreading. Nonetheless, by 2023, everything are projected to return to normal. Following that, demand for pilots could rebound to pre-crisis levels. Over the years, the aviation sector has seen an increase in global pilot demand, which has resulted in a strong need for training aircraft and simulators in Aircraft schools. Many airlines, on the other hand, are dealing with a pilot shortage, which is hurting their everyday operations. Aircraft s lasting more than 12 hours usually necessitate a crew of four pilots. However, due to a pilot shortage, numerous airlines are still flying such long-haul trips with three pilots. Pilot training is in high demand due to a shortage of trained pilots to meet the ever-increasing demand.
The aircraft simulator Market is likely to be driven by an increase in the usage of simulation in the aviation industry as a result of increased concerns about aviation safety in the coming years. In addition, the demand for aircraft simulators has increased as efforts to lower total pilot training expenses have increased. Additionally, the high expense of producing and maintaining an actual aircraft, as well as the growing desire for better and more effective pilot training, are expected to drive demand for such simulators in the coming years.
Key Market Driver -
• Market growth is fueled by an increase in the adoption of simulation in the aviation industry.
Key Market Restraint -
• The lack of interoperability might act as a potential factor for the market slowdown
By Platform, the market is segmented into Commercial Aircraft Simulator, Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Military Aircraft Simulator, Combat Aircraft, Transport/Tanker Aircraft, Training Aircraft, Special Mission Aircraft, Helicopter Simulator, and Unmanned Aerial Vehicles (UAVs) Simulator. Based on solution, the market is divided into Products, Hardware, Software, Services, Hardware Upgrade, and Software Upgrade. Based on Type, the market is classified into Aircraft Simulators, Full Aircraft Simulators, Aircraft Training Devices, Aircraft Mission Simulators, Fixed Base Simulators, Aircraft Simulator Training,Line Aircraft training, and Virtual Aircraft training. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and Rest of the world.
The major companies in the Aircraft Simulation Market report includes CAE (Canada), Boeing Company (The U.S), Collins Aerospace (The U.S), Flight Safety International (The U.S), L-3 Communications (The U.S), Raytheon Company(The U.S), Precision Flight Controls (The U.S), SIMCOM Aviation Training (The U.S), Frasca International (The U.S), and TRU Simulation + Training (The U.S.)
The main market for Aircraft simulators is likely to be in North America. Favorable defence rules and regulations, as well as the availability of advanced commercial and military infrastructure, are boosting market expansion in North America. North America is the world leader in technology breakthroughs and military spending, resulting in a significant need for simulation and training systems. Despite Canada's expenditures in the development of advanced systems, the market is predominantly dominated by the United States.
The increasing number of deliveries of unmanned aerial vehicles and commercial aircraft is driving market expansion in the Asia Pacific region. Changing demographics and rising disposable income in the region are driving demand for air travel, which supports the demand for new pilots and, as a result, new Aircraft simulators in the region. For example, the Aircraft simulator market is being driven by China's Eastern Airlines' rise in pilots.
Europe has registered the second highest growth in the market.The presence of major firms like as BAE system Plc, Leonardo S.P.A, and Thales group among others, helps to boost the market in Europe.
The market in the rest of the world will increase at a moderate pace in the market owing to the increase in the presence of the companies involved in the aircraft training and simulation market.
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