Flight Simulator Market : Emerging Industry Volume & Analysis 2022

Flight Simulator Market

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% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.

The ecosystem of the global flight simulator market comprises raw material suppliers, manufacturers, distributors, and end users. Some of the key market players 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.

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.

The global flight simulator market has been segmented based on type of flight into fixed wing, rotary wing, and unmanned aircraft. The unmanned aircraft segment dominates the studied market, and is expected to continue its dominance over the next five years, primarily driven by the growing prominence of unmanned aerial systems (UAS) in defense and commercial sectors.

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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