Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Commercial and Military Flight Simulation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Commercial and Military Flight Simulation Market to Reach $7.6 Billion by 2030
The global market for Commercial and Military Flight Simulation, valued at US$5.4 Billion in 2022, is set to achieve remarkable growth. Projections indicate a robust expansion, with the market expected to reach a substantial US$7.6 Billion by 2030, driven by a Compound Annual Growth Rate (CAGR) of 4.5% during the analysis period from 2022 to 2030.
A comprehensive report has been released, shedding light on this soaring industry. The report delves into influencer market insights and meticulously examines the trajectory of the global commercial and military flight simulation market. It begins by providing an introduction to flight simulation, offering a historical perspective and a thorough discussion of the current market scenario and future outlook.
One of the key segments analyzed in the report is Flight Training Devices (FTD). It is projected to demonstrate significant growth, with an estimated CAGR of 5%, reaching an impressive US$3.2 Billion by the end of the analysis period. Additionally, the Flight Mission Simulators (FMS) segment is poised to expand at a robust 4.6% CAGR over the next 8 years.
The report underscores the paramount importance of flight training devices (FTD) and full flight simulators within the market. It provides valuable insights into the development phases of full flight simulators and highlights the surging demand for flight training services. Furthermore, the competitive landscape is thoroughly explored, with a special focus on the pivotal role of strategic alliances and collaborations as key competitive factors. Leading industry players such as L3Harris and CAE dominate the military simulators market.
Notably, the report offers vital information on the global key competitors, mapping their market share and categorizing their market presence as strong, active, niche, or trivial on a global scale. Finally, the report addresses the potential impact of COVID-19 and a looming global recession on the flight simulation market.
The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 6.1% CAGR
The Commercial and Military Flight Simulation market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$734.1 Million by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 478 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5.4 Billion |
| Forecasted Market Value (USD) by 2030 | $7.6 Billion |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- New Aircraft Models to Drive Growth
- Commercial Aviation Emerges as Major End-Use Sector for Flight Simulation
- Global Fleet of Commercial Aircraft (2017 & 2036) by Region (in Units)
- Demand for Civil Aviation Pilots Set to Accelerate in the Future - An Indication of Opportunity in Store for Commercial Flight Simulation Market
- Pilot Outlook: Number of Pilots for Years 2018E & 2030P
- Regulatory Safety Compliance Drives Demand for Flight Simulators in the Commercial Aviation Sector Aviation Sector
- Multi Crew Pilot Licensing Process to Support Demand for Simulators
- Opportunities in Military Aviation Sector
- Growth Drivers in a Nutshell
- Rising Global Security Concerns Propel Growth of Military Flight Simulator
- Review of Defense Budgets & Implications on Military Flight Simulation market
- Top Countries with Military Spending in USD Billion: 2019
- New Generation Aircraft Drive Demand for Flight Simulation Products & Services in Commercial & Military Aviation Sectors
- Sophisticated Avionics Create New Opportunities for Flight Simulators
- Technology Advancements Instigate Robust Market Momentum
- Focus on Select Flight Simulator/Device Models
- Select Technology Innovations
- A Note on Importance of Flight Simulator Evaluation
- Aviation Training Devices - A Review
- Online Simulation Based Aviation Pilot Training Grows in Popularity
- Simulator Manufacturers Expand into the Training Services Field to Expand Revenue Opportunities
FOCUS ON SELECT PLAYERS(Total 88 Featured)
- Lockheed Martin Corporation
- BAE Systems PLC
- Cubic Corporation
- ECA Group
- Leonardo SpA
- Adacel Technologies Ltd.
- CS SOFT a.s.
- L3Harris Technologies, Inc.
- Airbus Group SE
- Bluedrop Training & Simulation
- FAAC, Inc.
- FlightSafety International, Inc.
- HAVELSAN A.S.
- Nautical Simulation
- Lufthansa Group
For more information about this report visit https://www.researchandmarkets.com/r/82fir9
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