Simulator Market - Growth, Trends, and Forecasts (2020 - 2025)

The Simulator Market is Segmented by Component (Hardware, Software), End User (Air, Land, and Sea), Type (Full Flight Simulators, Flight Training Devices, and Others), and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

3.5 %

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Market Overview

The simulator market is anticipated to register a CAGR of above 3.5% during the forecast period.

  • The training of pilots and military personnel in real aircraft, land vehicles, and ships involves many risks and sometimes may lead to hazardous situations and loss of lives. Simulators provide a realistic experience and safe training. This need for safe and efficient training is driving the simulator market.
  • The increasing fleet of aircraft across the world is generating demand for efficient pilots, which in turn, is generating demand for simulators over the forecast period.
  • Regulatory bodies are also making it mandatory to use the simulators for initial training, which is also supporting the growth of the simulators market.

Scope of the Report

The simulator market study includes various training and simulation of land, sea, and air vehicles. Based on type, the market is segmented into full flight simulators, flight training simulators, and other types. The other types include full mission simulators, fixed facility simulators, and desktop simulators that are being used for land, sea, and air applications.

Component
Hardware
Software
End User
Air
Land
Sea
Type
Full Flight Simulators
Flight Training Devices
Others
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Qatar
Rest of Middle-East and Africa

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Key Market Trends

The Air Segment is Expected to Experience the Highest Growth During the Forecast Period

The air segment of the market studied is expected to register the highest CAGR during the forecast period. This is majorly due to the complexity and risk involved in aircraft than compared to the other end users. For example, a single mistake by pilots on board a passenger aircraft while landing or take-off may cost the lives of all the passengers on aircraft. Such complexity has made the regulatory bodies, like the FAA, to mandate the use of simulators for pilot training. Moreover, the use of new aircraft in the military may require training for pilots to familiarize themselves with the latest equipment and systems. In such situations, providing hands-on experience may be difficult due to high-cost involvement. In such cases, the simulators act as the preferred option.

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The Asia-Pacific Region is Expected to Experience the Highest Growth During the Forecast Period

The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The investments in the aviation industry by public and private companies, along with the growth of tourism in countries, like China, India, Japan, Indonesia, South Korea, Singapore, Thailand, Malaysia, Australia, and Vietnam, are some of the major driving factors of the simulator market. Additionally, increasing defense spending and the territorial issues between the countries are resulting in the procurement of new aircraft, land vehicles, and naval vessels, like frigates, destroyers, and submarines, etc. This procurement of new equipment may generate demand for trained military personnel to handle the equipment, which in turn, may increase the demand for advanced simulators. The aforementioned factors are some of the major factors that are propelling the growth of the simulator market in this region.

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Competitive Landscape

The simulators market is highly fragmented, due to the presence of the number of players who provide different types of simulators based on end-user. Some of the prominent players in the simulator market are Collins Aerospace (United Technologies Company), CAE Inc., L3Harris Technologies, Inc., FlightSafety International (Berkshire Hathaway Inc.), and Thales Group. Simulator manufacturers are required to build a brand and reach out to geographical extremes to get customers. Manufacturers may have the first-mover advantage, as simulators tend to be able to be reconfigured or upgraded to support new aircraft. The ability of the manufacturers to upgrade their simulators to new generation aircraft may tend to benefit and dominate the market throughout the forecast period.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Component

      1. 5.1.1 Hardware

      2. 5.1.2 Software

    2. 5.2 End User

      1. 5.2.1 Air

      2. 5.2.2 Land

      3. 5.2.3 Sea

    3. 5.3 Type

      1. 5.3.1 Full Flight Simulators

      2. 5.3.2 Flight Training Devices

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 France

        3. 5.4.2.3 Germany

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 India

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Qatar

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Collins Aerospace (United Technologies Company)

      2. 6.2.2 CAE Inc.

      3. 6.2.3 L3Harris Technologies, Inc.

      4. 6.2.4 FlightSafety International (Berkshire Hathaway Inc.)

      5. 6.2.5 FRASCA International Inc.

      6. 6.2.6 Thales Group

      7. 6.2.7 TRU Simulation + Training Inc. (Textron Inc.)

      8. 6.2.8 VSTEP Simulation

      9. 6.2.9 Cubic Corporation

      10. 6.2.10 Rheinmetall AG

      11. 6.2.11 RUAG Group

      12. 6.2.12 FAAC Incorporated

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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