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The global flight simulator market size is projected to reach USD 5.75 billion by 2028. It is expected to be impacted positively by the rising demand for commercial pilots and more flight frequencies because of the increasing air passenger traffic worldwide. Apart from that, the need to reduce extra loads would also contribute to the market growth. Fortune Business Insights™ mentioned this information in a new report, titled, “Flight Simulator Market Size, Share & COVID-19 Impact Analysis, By Type (Full Flight Simulator, Flight Training Devices, Fixed Based Simulator, and Full Mission Simulator), By Platform (Fixed Wing Simulator, Rotary Wing Simulator, and UAV Simulator), By Application (Commercial and Military & Defense), and Regional Forecast, 2021-2028.” It further states that the market stood at USD 3.55 billion in 2020 and is expected to showcase a CAGR of 5.99% during the forecast period between 2021 to 2028.
CAE Inc. Acquires Business Aircraft Training (BAT) Field from Bombardier
In March 2019, CAE Inc., a provider of simulation technologies, modelling technologies and training services based in Canada, successfully acquired Bombardier’s segment of Business Aircraft Training (BAT) for USD 645 million. This acquisition would help CAE in broadening its presence in the training market for clients utilizing business jets of Bombardier. At the same time, it would strengthen CAE’s position in the global business aviation training market. The BAT business consists of a modern fleet of training devices and full-flight simulators. They cover Bombardier’s line of Learjet, Challenger, and Global, as well as the newest large cabin Global 7500, 6500, and 5500 business jets.
As per the officials of CAE, the company is pleased to acquire Bombardier BAT business as this would aid the jet customers in gaining access to a smooth training experience in the company’s worldwide network of training centers, thereby delivering the most innovative aircraft simulator systems on the market by investing hefty amounts of money in training programs.
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Increasing Demand for Commercial Pilots to Aid Growth
The growth of the aviation industry is because of the rising tourism activities, as well the increasing air traffic. Both the factors are responsible for the urgent need of the airlines to surge the revenue from air passengers. But, a reduction in the workforce owing to the resignation of several commercial pilots even before their retirement age is creating a hurdle for the market. They are leaving because of the tremendous pressures that are put on them.
As per our report, it is expected that approximately 300,000 active pilots are required in the airline industry by the end of 2027. This is further set to propel the demand for training systems for pilots across the globe. However, the COVID-19 pandemic has brought the aviation industry to a standstill. Several modes of transport have been halted and air transport is no exception. This may hinder the flight simulator market growth in the coming years.
Key Players Engage in Long-term Relationships with Airlines to Strengthen Position
The market houses many companies, such as Boeing Company, Thales Group, and more. These renowned companies are engaging in long-term relationships with pilot training institutions, airlines, and governments to strengthen their position in the global market. Some of them are also following the strategy of mergers and acquisitions to expand their portfolio of aircraft simulators.
A list of all the reputed companies manufacturing flight simulators are as follows:
A Notable Industry Development-
Further Report Findings-
The global market can be segmented in the following ways:
Value (USD Billion)
Type; Platform; Application and Geography