Flight Simulator Market to Propel Gradually by Achieving a Valuation of USD 6.99 Billion by 2030 with a CAGR of 5.25% during the Forecast Period

The flight simulator market size is projected to grow from USD 4.89 billion in 2023 to USD 6.99 billion by 2030. As per a report by Fortune Business Insights™ titled, “Flight Simulator Market Size, Share, COVID-19 Impact Analysis, By Type (Full Flight Simulator and Flight Training Devices), By Platform (Fixed Wing Simulator, Rotary Wing Simulator, and UAV Simulator), By Application (Commercial and Military), and Regional Forecast, 2023-2030” The market stood at USD 4.38 billion in 2022. It is set to exhibit a CAGR of 5.25% during 2023-2030.

Pandemic had a Subsequent Impact on the Market Owing to Reduced Demand for Aircraft Maintenance and Pilots

The pandemic witnessed a downfall in pilot hiring and training as airlines reduced their operations and laid off pilots. During the outbreak of the COVID-19 pandemic, airlines faced financial difficulties; hence, postponed non-essential aircraft maintenance and upgrades. As the aviation industry slowly recovered, the need and demand for pilots and aircraft maintenance are projected to grow again during the projected period.

Increasing Demand for Simulators from the Defense Sector is Anticipated to Drive the Market Growth

Simulators provide realistic combat training, which allows military pilots to grow their skills and simulate various combat scenarios. They replicate the dynamics of aircraft operations, tactical scenarios, and weapon systems, which enables military pilots to develop and refine their combat skills, such as air-to-ground attacks, air-to-air engagements, and precision targeting in a controlled and safe environment, thereby enhancing the flight simulator market growth.

Thales and Atlantic Airways Signed a Contract for a Level D Simulator to Grow Market

A contract has been signed between Atlantic Airways and Thales for the procurement of a Level D Full Simulator for the AW139, known as Reality H. The addition of this simulator to Atlantic Airways Aviation Academy will enhance their training capabilities, offering advanced programs such as initial type rating, recurrent training, and proficiency checks for both Visual Flight Rules (VFR) and Instrument Flight Rules (IFR).

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https://www.fortunebusinessinsights.com/flight-simulator-market-102592

Competitive Landscape:

Leading Players Focus on UAV Simulators, Product Innovations, Mergers & Acquisitions, and Emerging Markets

The key players in the market are FlightSafety International Inc., CAE Inc., the Boeing Company, L3Harris Technologies Inc., Thales Group, and others. Prominent players focus on emerging markets, technological advancements, mergers & acquisitions, UAV simulators, and product innovations to grow their market share.

Notable Industry Development:

• January 2022: FlightSafety International acquired Frasca International Inc. for an undisclosed amount. Frasca International Inc. is a U.S.-based leader in the design and manufacture of aircraft simulators, flight training devices, and simulation components.

List of the Companies Profiled in the Report:

• CAE Inc. (Canada)


•  FlightSafety International Inc. (U.S.)


• L3Harris Technologies Inc. (U.S.)


• The Boeing Company (U.S.)


• Thales Group (France)


• TRU Simulation + Training Inc. (U.S.)


• Raytheon Technologies Corporation (U.S.)


• Indra Sistemas S.A. (Spain)


•  Aero Simulation Inc. (U.S.)


• HALVESAN (Turkey)

Further Report Findings:

• North America to lead the flight simulator market share during the forecast period. The rise in the market is due to the presence of major OEMs. With the continuous series of strategic acquisitions, consisting of the commercial business of prominent players TRU Simulation + Training Inc. (Canada), CAE is anticipated to grow during the forecast period.


• Europe held the second-largest share in the base year. The growth of the region is credited to rising demand for aircraft simulators for cost-effective training and a focus on safety and risk mitigation.

Table of Segmentation: