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Flight Simulator Market to Reach $5.75 Billion by 2028; Rising Demand for Additional Flight Frequencies to Boost Growth

June 03, 2021 | Aerospace & Defense

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.


To get a detailed report summary and research scope of this market, click here:


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


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:



  • Thales Group (France)

  • CAE (Canada)

  • Boeing Company (U.S.)

  • Collins Aerospace (U.S.)

  • FlightSafety International (U.S.)

  • L-3 Communications (U.S.)

  • Raytheon Company(U.S.)

  • Precision Flight Controls (U.S.)

  • SIMCOM Aviation Training (U.S.)

  • Frasca International (U.S.)

  • TRU Simulation + Training (U.S.)


A Notable Industry Development-



  • April 2019: CAE Inc. declared that it sold two CAE 500XR flight training devices (FTDs) and two Airbus A220-300 CAE 7000XR Series full-flight simulators (FFSs) to JetBlue Airways. This new deal would aid CAE in broadening its partnership with JetBlue. The novel training devices will help JetBlue University in offering high-quality training programs for the smooth launch of A220. CAE has been a partner of the latter since the past 15 years.


Further Report Findings-



  • North America generated USD 1.28 billion in terms of revenue in 2020 on account of the presence of numerous prominent Aircraft Simulator system manufacturers, as well as end-users in this region.

  • Europe is anticipated to remain in the second position after North America owing to the presence of industry giants, namely, Indra Sistemas, Thales Group, and Airbus in this region.

  • Based on application, the commercial held 59% market share in 2019.

  • The military & defense segment under application is set to grow rapidly backed by the increasing usage of these simulator systems to train the soldiers present in the Navy, Air Force, and Military.


The global market can be segmented in the following ways:
















































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion)



Segmentation



Type; Platform; Application and Geography



By Type



  • Full Flight Simulator

  • Flight Training Devices

  • Fixed Based Simulator

  • Full Mission Simulator



By Platform



  • Fixed Wing Simulator

  • Rotary Wing Simulator

  • UAV Simulator



 



By Application



  • Commercial

  • Military & Defense



By Geography


 




  • North America (By Type, Platform, Application, and Country)

    • The U.S. (By Application)

    • Canada (By Application)



  • Europe (By Type, Platform, Application, and Country)

    • The U.K. (By Application)

    • Germany (By Application)

    • France (By Application)

    • Russia (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Type, Platform, Application, and Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • Singapore (By Application)

    • Rest of Asia Pacific (By Application)



  • Rest of the World (By Type, Platform, Application, and Country)

    • The Middle East & Africa (By Application)

    • Latin America (By Application)




Global Flight Simulator Market
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  • 2017-2019
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