Global Flight Simulator Market Opportunities 2024, Forecast To 2033
20 Feb, 2024
The flight simulator market has experienced steady growth, increasing from $5.5 billion in 2023 to $5.62 billion in 2024, with a 2.2% CAGR. Historical growth is linked to the globalization of aviation training and regulatory requirements. The forecast predicts steady growth, reaching $6.44 billion in 2028, driven by industry regulation and certification. Key trends include a focus on pilot training demand, transition to virtual training, and rising demand in commercial aviation.
Global Flight Simulator Market Key Driver
The increasing demand for new commercial and military pilots is propelling the growth of the flight simulator market. Boeing estimates a need for 612,000 new pilots worldwide in the next two decades. Airbus projects over 40,000 new aircraft orders, requiring over 450,000 pilots. The demand for new pilots is driving the need for simulators, contributing to substantial growth in the flight simulator market.
Get A Free Sample Of The Global Flight Simulator Market ReportGlobal Flight Simulator Market Segments
The flight simulator market covered in this report is segmented –
1)By Simulator Type: Virtual Simulation, Live Simulation
2)By Platform: Commercial Aerospace, Military Aerospace
3)By Aircraft Type: Rotary-Wing Aircraft, Fixed-Wing Aircraft, UAV
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the flight simulator in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flight simulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Flight Simulator Industry Players
CAE Inc.; FlightSafety International Inc.; The Boeing Company; Thales Group; Collins Aerospace; Raytheon Technologies Corporation; Airbus SE; L3Harris Technologies Inc.; Precision Flight Controls Inc.; Frasca International Inc.; SIMCOM Aviation Training Corporation; TRU Simulation + Training Inc.; Flightdeck Solutions Inc.; FLYIT Simulators Inc.; Full Flight Solutions LLC; Indra Sistemas S. A.; JETPUBS Inc.; Mechtronix Systems Inc.; Multi Pilot Simulations BV; Pacific Simulators 2010 Ltd.; Ryan Aerospace Pty Ltd; Scaled Composites LLC; Simloc Research S. L.; Simnest S. L.; Simtech Aviation Limited; TFC Flight Training Centre Limited; Virtual Fly S. L.; XPI Simulation Limited
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Flight Simulator Market Overview
The flight simulator refers to flight training devices, which are electronic or mechanical systems used for training airplane and spacecraft pilots and crew members. It involves the use of a flight simulator that enhances the skills and knowledge of the pilot by providing learning to enhance performance in the real system.
Flight Simulator Global Market Report 2023 provides data on the global flight simulator market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flight simulator market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.