Flight Simulator Market : A $7.54 Billion by 2021, at a CAGR of 4.1% opportunity

Flight Simulator Market

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The global flight simulator market is projected to grow from USD 6.18 Billion in 2016 to 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 market.

On the basis of application, the global flight simulator market has been segmented into military and commercial. The commercial application segment is projected to grow at the highest CAGR during the forecast period of 2016 to 2021, primarily driven by the rising demand for commercial pilots owing to high air passenger growth.

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.