Overview
Flight Simulator Market is
forecast to reach $7.8 billion by 2025, at a CAGR of 5.20% during 2020-2025. Increasing
demand for virtual flight environment for both commercial and military
purposes and growing need for cost effective pilots training are
expected to accelerate the Flight Simulator market during forecast period. Similarly,
rising spending in aerospace training sectors are creating opportunity for
flight simulator market. For instance, a Canadian
company CAE, which is engaged in training for the civil aviation proposed to
invest $288.75 million for the development and training activities. These kind
of investments are likely to bring demand for flight Simulator market.
Report Coverage
The report: “Flight Simulator Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Flight Simulator
Market.
By Type - Full Flight Simulator(FFS), Full Mission Simulator (FMS), Flight Training Devices (FTD), Fixed Base Simulator (FBS), UAV's, Cockpit procedures trainer, Others.
By Application - Military Defense, Civil, Commercial, Others.
By Solution - Products, Hardware, Software, Services, Hardware Upgrade, Software Upgrade.
By Geography - North America, South America, Europe, APAC, RoW.
- North America dominated the Flight Simulator market with a share of more than 35%, owing to strict guidelines imposed by the Federal Aviation Administration (FAA) and Federal Aviation Regulations (FARs).
- Flight simulator market report forecasts that Full flight segment is likely to register largest share as it offers high fidelity, reliability and accurately stimulates the aircraft environment.
- Commercial segment is the largest segment for Flight Simulator market. Rise in the global air passenger traffic is driving the growth of the aviation industry, which is leading to the demand for commercial aircraft deliveries.
- Major players in the Flight Simulator Market are Airbus Group N.V., Avion Group, CAE, Inc., Collins Aerospace, Elite Simulation Solutions, Flightsafety International, Frasca International, Inc., Indra Sistemas Sa, L-3 Communications Holdings Inc., Precision Flight Controls Inc.,
Type - Segment Analysis
Full flight Simulator is likely
to register highest CAGR of 6.88% during forecast period. These system are getting more popularity due
to high fidelity, reliability, simulation accuracy and
better at exposing deficiencies like proneness to pilot-induced oscillation
(PIO). These systems create sound, motion, and visuals to create
realistic training environment and also offer digital electrical control loading and an
electric motion system, reducing power consumption and ensuring minimal
operational life costs. Several companies are creating opportunity
for full flight simulator (FFS) with the
increased usage of this simulators. For instance, in june 2018, Airbus introduced the new full flight
simulator (FFS) in order to assist the staff training on the Airbus A330 Multirole
Tanker Transport (MRTT). Similarly, CAE
provides the most innovative full-flight simulators (FFS), including the latest
CAE 7000XR Series Level D FFS, improving training efficiency, offering advanced
capabilities, and increasing operational efficiency.
Application - Segment Analysis
Flight simulator for Commercial
application is likely to register a CAGR of 7.32% during forecast period. Rise in the global air passenger traffic
is driving the growth of the aviation industry, which is leading to the demand
for commercial aircraft deliveries. For Instance, Bell’s Textron Inc. delivered 192 commercial aircrafts
in 2018 as compared to 132 in 2017. Similarly, in 2017, Honeywell Inc. Forecasted to deliver 4000 to 4200 civilian aircrafts
between 2018-2022. Rising demand in commercial aircrafts will create
opportunity for Flight Simulators.
Geography - Segment Analysis
In 2018, North America dominated the Flight Simulator
industry market size for about 35.67% market share, followed by APAC and
Europe. In North America, strict guidelines imposed by the Federal Aviation Administration (FAA)
and Federal Aviation Regulations (FARs) regarding use of simulators for
training purpose. According to new FAR regulations, Air carriers must compulsory develop training programs
using simulators that meet the upgraded requirements. Stringent
regulations as such will drive the usage of Flight Simulator market in this
region. Similarly high demand for
air travel in North America is also one of the major reason for flight
simulator market as it increases the need for pilot training. For instance
according to the report given by International Air Transport
Association (IATA), in 2018, global passenger traffic in North America increased
by 6.5% between 2017-18. Increased demand for passenger
traffic will create opportunities for new aircrafts there by creating demand
for flight simulators.
Drivers –Flight Simulator Market
- Rising demand for commercial pilots
As Flight simulators are used to train the pilots by creating the
virtual environment, increasing demand for new pilots will in turn rise the flight
simulator market share globally. For instance, demand for new pilots is
expected to rise dramatically over the next two decades as a result of new
aircraft entering the global fleet. According Boeing, 790,000 new pilots is likely to be required by 2037 to meet
growing passenger fleet. Similarly, in 2018, Airbus estimated a worldwide demand
of pilots to reach 450,000 by 2035.
- Increase in adoption of Virtual Training to ensure safety
The Increase in adoption of technology of virtual training
and simulation in civil and commercial aviation to ensure aviation safety in
flight handling and including situation such as awareness, skill competency will
promote the flight simulation market. Similarly, research and development
efforts directed towards virtual reality and artificial intelligence
advancements has resulted in highly naturalistic flight simulators, thus
offering navigation and motion control mechanism will enhance the market
positively.
Challenges – Transfer Case Market
- High cost involved in the making of flight simulator and complexities in acquiring License
One of the
prominent challenges is the high cost of producing and acquiring FFS FTD
systems and cockpit procedures trainer. For instance FAA Qualified Level 6& 7 FTD aka
fixed base simulators, cost
around $2 million and FNPT II, Flight and
Navigation Procedures Trainer, costs about
$2.5 million. Similarly complexities in acquiring the license is also
one of the challenging factor in flight simulator market. Majority of training
providers would not be able to acquire and operate the type of simulators
required for a major portion of multi-crew pilot license (MPL) training due to
their cost and slow pace regulatory licensing process.
Market Landscape
Partnership and acquisitions
are key strategies adopted by players in the Flight Simulator market. In 2018, flight
Simulator market industry outlook was consolidated with the top five players
accounting for more than 52.45% of the share. Flight Simulator top 10 companies
include Airbus Group N.V., Avion Group, CAE, Inc., Collins
Aerospace, Elite Simulation Solutions, Flightsafety International, Frasca
International, Inc., Indra Sistemas Sa, L-3 Communications Holdings Inc.,
Precision Flight Controls Inc., and others
Acquisitions/Technology Launches
- In April 2019- CAE partnered with JetBlue Airways (US) to provide 2 CAE 500XR flight training devices and 2 Airbus A220- 300 CAE 7000XR Series full flight simulators. With this partnership, CAE strengthened its customer base in the flight simulator market.
- In April 2019- L -3 Commercial Aviation, a subsidiary of L-3 Communications Holdings, Inc. entered into a 2-year agreement with Aer Lingus (UK) to provide the full flight simulator pilot training program. This agreement provides 2 years of continuous pilot training support to Aer Lingus.
- In October 2018- Flight Safety announced that it would provide training services for Pilatus PC-24 aircraft in Paris from 2019 on the Flight Safety’s Flight Safety FS1000 simulator. The objective is to expand Flight Safety’s training services in Paris.
1.1 Definitions and Scope
2. Flight Simulator Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Flight Simulator Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Flight Simulator Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Flight Simulator Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Flight Simulator Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Flight Simulator Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
11.1 Flight Simulator Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Flight Simulator- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Flight Simulator- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Flight Simulator - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Flight Simulator - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Flight Simulator Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Flight Simulator Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Flight Simulator Market - Key Company List by Country Premium
16.1 Abbreviations
16.2 Sources
17. Flight Simulator Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends