New Report Forecasts Growth In Flight Simulator Market | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne Unlimited-07.15.19

Airborne UnManned-07.16.19

Airborne Unlimited-07.17.19

AMA Drone Report-07.11.19

Airborne Unlimited-07.12.19

Airborne-YouTube

Airborne Unlimited-07.15.19

Airborne UnManned-07.16.19

Airborne Unlimited-07.17.19

AMA Drone Report-07.11.19

Airborne Unlimited-07.12.19

Thu, Sep 15, 2016

New Report Forecasts Growth In Flight Simulator Market

Will Reach More Than $7.5 Billion By 2021

A new report from ASDReports ... "Flight Simulator Market by Application (Military, Commercial), by Type of Flight (Fixed Wing, Rotary Wing, Unmanned Aircraft), Military Component (FFS, FMS, FTD), Commercial Component (FFS, FBS, FTD), Geography - Global Forecast to 2021" ... forecasts that the global flight simulator market is projected to reach $7.54 Billion by 2021, at a CAGR (Compound Annual Growth Rate) of 4.1% from 2016 to 2021. Factors such as increased demand for new commercial and military pilots, adoption of virtual training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the global flight simulator market.

On the basis of application, the military segment dominates the global flight simulator market with largest market share and is expected to continue its dominance over the next five years, though the commercial segment is expected to grow at a higher CAGR during the forecast period. The demand for military simulators is primarily driven by their use in armed forces training and mission training. Rising demand for commercial pilots tends to drive the commercial simulator market.

The unmanned aircraft segment of the global flight simulator market, by type of flight, is expected to grow at the highest CAGR during the forecast period. It is expected to dominate the market on account of the growing prominence of unmanned aerial systems (UAS) in defense as well as the commercial sector.

The aviation industry in the Asia-Pacific region has been witnessing strong growth over the past few years. This growth, which is mainly driven by increasing demand for new aircraft deliveries and increasing air traffic in this region, is expected to boost the global flight simulator market. The aviation industry’s growth can also be attributed to the increase in trade & tourism, as well as increasing disposable income of the middle class population in emerging economies, such as India and China.

Key players in the global flight simulator market include CAE Inc. (Canada), L-3 Communications Holdings, Inc. (U.S.), FlightSafety International Inc. (U.S.), Thales Group (France), The Boeing Company (U.S.), and Rockwell Collins, Inc. (U.S.), among others.

(Source: Image provided with ASDReports news release)

FMI: Report

Advertisement

More News

Airborne 07.15.19: Sporty's Foundation, World Circumnavigation, Pipistrel

Also: WJZ-CBS Adds Robinson R66, Hartzell @ OSH19, Embraer's 'TechLion' E195-E2, Special Mission Aircraft Market At 12:12:23 UTC last Thursday, Action Aviation Chairman Hamish Hard>[...]

Airborne 07.15.19: Sporty's Foundation, World Circumnavigation, Pipistrel

Also: WJZ-CBS Adds Robinson R66, Hartzell @ OSH19, Embraer's 'TechLion' E195-E2, Special Mission Aircraft Market At 12:12:23 UTC last Thursday, Action Aviation Chairman Hamish Hard>[...]

Aero-News AirVenture Update: This Is So Cool! #OSH19COOL

We Need YOUR Help To Find AND Celebrate The Coolest Stuff At EAA AirVenture 2019, #OSH19COOL Stuff that’s new is cool… we get it… that’s why we’re b>[...]

AMA Drone Report 07.11.19: AMA Exec Council, DJI Objects, More FAA Restrictions

Also: Oshkosh Awaits!, MMC Partners W/Yuneec, Drone Strike Assessment, No Drone... Turtle! Late last month, the AMA Executive Council and the Government Affairs team took a trip to>[...]

ANN Social Media Program (ANN-SMP) Expanded For Oshkosh 2019!

ANN Keeps Pushing Aviation Media (Kicking and Screaming) Further Into The 21st Century... ANN is, again, radically updating its social media campaign for the upcoming 2019 Oshkosh >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2019 Web Development & Design by Pauli Systems, LC