The global flight simulator market has been segmented based on type, platform, application and region. Based on type, the flight simulator market is divided into full flight simulator, flight training device, & others. The full flight simulator segment is estimated to account for the largest market share while the flight training device segment is projected to witness the highest CAGR during the forecast period.
Flight training devices are modules with limited features when compared to full flight simulators. These devices comprise all indicators and/ or switches that are present on the deck. Flight training devices are typically preferred for their low purchase and operation costs.
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Based on platform, the flight simulator market is divided into fixed wing simulator, rotary wing simulator and UAV simulator. The fixed wing simulator segment is estimated to account for the largest market share while the UAV simulator segment is projected to witness the highest CAGR during the forecast period. Nowadays, UAVs are being widely preferred especially for military missions such as surveillance, target acquisition, among others. Hence there is a considerable demand for trained UAV operators, which directly impacts the UAV simulator market growth.
Based on application, the flight simulator market is divided into military and commercial. The military segment is estimated to account for the largest market share while the commercial segment is projected to witness a higher CAGR during the forecast period. The global passenger traffic is rising at a significant pace. This has generated a huge demand for airliners and subsequently the pilots to operate them, which positively impacts the commercial market.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. In 2017, North America accounted for the largest market share, whereas, Asia-Pacific is projected to be the fastest-growing regional market during the review period. This growth can be attributed to the increasing demand for flight simulators in countries such as China, and India.
The key players in the global flight simulator market are CAE Inc. (Canada), ECA SA (France), Elbit Systems Ltd. (Israel), Flightsafety International Inc. (US), FRASCA International, Inc. (US), Indra Sistemas SA (Spain), L3 Technologies, Inc. (US), Thales SA (France), TRU Simulation + Training Inc. (US), and United Technologies Corporation (US)
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