Global Flight Simulator Market Size and Shares to Grow at a CAGR Value of 5% By 2030 – Future Market Insights, Inc.

The flight simulator market encompasses simulators used to simulate aviation. These simulators are used for a variety of applications, including pilot instruction, aircraft testing, and entertainment. The necessity for airlines to reduce costs, as well as the growing need for pilot training, are projected to fuel the growth of the flight simulator market in the coming years.

The market is also expected to benefit from technical advances such as virtual reality, which enhances the realism of flight simulations. The market is divided into two segments: commercial and military, with the commercial category accounting for the majority of the market. The market’s major participants include

• Boeing,
• Lockheed Martin,
• CAE,
• L3Harris Technologies, and
• Thales Group.

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During the projected period, of 2020 to 2030, the use of flight simulators for military and defence applications will grow at a respectable CAGR of 5%. Fixed Flight Training Devices (FTD) are in high demand due to their use in efficient pilot training programmes.

Between 2020 and 2030, Full Flight Simulator (FFS) sales will increase by 1.5X, albeit at a constant rate. Civil applications of flight simulators will increase 1.4X throughout the forecast period as a result of the growth of air travellers, especially in emerging nations. North America holds a significant revenue share of over 49% in the global market for flight simulators.

Market Structure Analysis for Flight Simulators

Due to large competitors’ active participation in strategic mergers and acquisitions, the flight simulator market is consolidating. A crucial technique for product differentiation that many players have chosen is the incorporation of cutting-edge technologies like AR, VR, and AI to build improved pilot training experiences. As an illustration, CAE has set up an internal Research and Development division that is solely focused on utilising technologies that improve training environments for flight simulators.

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Key Factors Shaping The Market For Flight Simulators

Mounting Air Passenger Numbers in Asia Pacific

One of the main development drivers for the flight simulator market is the rising inclination for air travel among customers in Asia Pacific’s developing nations. This can be attributed to rising consumer disposable income, which is further supported by better air travel affordability. New domestic lines and pilots for such routes are required to meet this demand. As a result, there is an even greater need for flight simulators to teach new pilots.

Unicorn start-ups such as Flipkart, Gojek, Zomato, and Oyo are being born in nations like India and Indonesia. The frequency of passengers travelling internationally between Asia Pacific and North America and Europe is increasing as a result of the expansion of such start-ups.