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
The global flight simulator market is projected to reach USD 7.54
Billion by 2021, at a CAGR 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.
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Forecast to 2021"
Key players of 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.), Rockwell
Collins, Inc. (U.S.), TRU Simulation + Training (U.S.), Airbus (France), among
others.
The military segment to dominate the global flight
simulator market with highest market share
.
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 is expected to grow at the
highest pace during the forecast period
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.
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On the basis of component, the global flight simulator market has
been segmented into military component and commercial component. The key
subsegments of the military component segment are FFS (Full Flight Simulator),
FMS (Full Mission Simulator), and FTDs (Flight Training Devices). Among them,
the FFS subsegment is projected to grow at the highest CAGR during the forecast
period, because these simulators have navigation and flight control systems on
a motion platform.
They can also be used for both, primary and regular training. The
FTDs subsegment accounted for the largest share in 2015. The key subsegments of
the commercial component segment are FFS (Full Flight Simulator), FBS (Fixed
Base Simulator), and FTDs (Flight Training Devices). Among them, the FTDs
subsegment is projected to grow at the highest CAGR during the forecast period,
owing to the increase in demand for cost-effective simulation systems. The FFS
subsegment accounted for the largest share in 2015.
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