At 4.78 % CAGR Simulators Market potentially worth USD 20.99 million by 2022
Study papers on Simulators market and regional forecast. Simulators market players are CAE (Canada), L-3 Communication (US), FlightSafety (US), Boeing (US), Thales (France), FAAC (US), ECA (France), and Lockheed Martin (US).
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Simulators market is estimated at USD 16.62 billion in 2017 and is projected to reach USD 20.99 billion by 2022, at a CAGR of 4.78% from 2017 to 2022. Increasing demand for new commercial pilots, growing adoption of virtual training, and increasing demand for UAVs from the military sector are key factors driving the simulators market.
Target Audience
- Simulator Manufactures
- Technology Providers
- System Integrators
- Transport Industry Players
- Simulation Service Providers
- Pilot Training Institutes
- Simulator Suppliers & Distributors
North America is estimated to lead the simulators market in 2017 and is projected to continue its dominance during the forecast period, in terms of market share, as the region has the largest military and commercial aircraft fleets in the world. The simulators market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the growth in the aviation industry and increase in aircraft deliveries in the region.
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Based on application, the military segment is estimated to lead the simulators market in 2017.The growth of this segment can be attributed to increased use of simulators for pilot training and military crew training.
Based on technology, the live simulations segment of the simulators market is estimated to lead the simulators market during the forecast period. The adoption of live simulation technology for military training is one of the most significant factors projected to drive the growth of the live simulation segment.
Based on component, the hardware segment of the simulators market is estimated to lead the simulators market in 2017. The increasing adoption of LED and OLED display systems for virtual training purposes is one of the most significant factors projected to drive the growth of the hardware segment.
Competitive Landscape
1 Introduction
2 Ranking of Players, 2017
3 Competitive Scenario
3.1 Contracts
3.2 New Product Launches
3.3 Acquisitions
3.4 Partnerships, Agreements &Collaborations
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This report segments the simulators market on the basis of vehicle class, type, application, technology, and component. By vehicle class, the simulators market has been segmented into airborne, land, and naval. Based on type, the simulators market is segmented into full mission simulators, flight training devices, full flight simulators, fixed based simulators, containerized simulators, fixed-based simulators, desktop simulators, and others. Based on application, the market is segmented into commercial, and military. Based on technology, the simulators market has been segmented into live simulation, virtual simulation, constructive simulation, gaming simulation, and integrated training environment. By component, the simulators market is segmented into hardware and software. The simulators market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World.
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