Market Insights
“The flight simulator market size was US$ 4.9 Billion in 2023 and is likely to grow at a decent CAGR of 4.5% in the long run to reach US$ 7.9 Billion in 2030.”
Market Dynamics
Introduction
The Electronic Flight Instrument System (EFIS) market is experiencing significant demand driven by the increasing need for advanced avionics in modern aircraft. Technological advancements, including the integration of digital displays, enhanced data processing capabilities, and improved navigation systems, are revolutionizing cockpit operations and pilot efficiency. As airlines and operators seek to enhance safety, reduce operational costs, and comply with regulatory standards, the adoption of EFIS technology is expected to rise. Furthermore, the growing trend towards aircraft modernization and the incorporation of smart technologies in aviation are poised to propel market growth, making EFIS a critical component in the future of aviation.
An EFIS is a digital substitute for the conventional mechanical gauges and instruments that are installed in the cockpit to analyze and display various operational parameters of an aircraft. The adoption of EFIS is driven by the demand for the integration of sophisticated avionics onboard modern aircraft as a replacement to the cumbersome electromechanical gauges and indicators, thereby saving weight and reducing operational and maintenance costs for end users.
New Development:
- In July 2022, Aircalin of New Caledonia signed an agreement with Airbus Asia Training Centre (AATC) to train its A320 and A330 pilots. Some 35 Aircalin pilots could be trained recurrently on both aircraft types by Airbus to keep them skilled and qualified.
- In May 2022, CAE Inc. increased its offering of the CAE Toronto Training Center by deploying one CAE 7000XR Boeing 787 and a CAE 7000XR Boeing 737 MAX Full-flight simulators (FFS) to serve its clients in Canada at the World Aviation Training Summit 2022.
- In May 2022, PSAA, a SAUDIA Group subsidiary, signed an agreement with L3Harris to provide six different simulators for advanced flying training.
- In October 2021, Flight Safety International was chosen by Breeze Airways to provide Breeze with full flight simulators and flight training devices, including the Airbus A220 and Embraer E190 (FTD). Besides providing the equipment, it is also going to maintain in operation the gadgets and other equipment for crew training for the client.
- Flight Safety is establishing its commercial airline training operations and equipment. The company has nearly 40 E-jet Full Flight Simulators to its name and is a major training technology provider for Airbus A220.
Market Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Segments with High Growth Opportunity
|
|
Type Analysis
|
Full Flight Simulator, Flight Training Devices, Full Mission, and Fixed-based
|
Full Flight Simulator is expected to be the demand generator in the coming year.
|
|
Platform-Type Analysis
|
Fixed Wing Simulator, Rotary Wing Simulator, and UAV Simulator
|
UAV Simulator is anticipated to contribute the largest share of the flight simulator market.
|
|
Solution-Type Analysis
|
Products, Hardware, Software, Services, Hardware Upgrade, and Software Upgrade
|
|
|
Method-Type Analysis
|
Virtual and Synthetic
|
|
|
Region Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
The USA is expected to maintain its reign over the forecast period, whereas Mexico is likely to grow at the fastest rate.
|
By Type
“Full flight simulator is expected to remain the dominant in the market during the forecast period.”
- These systems are becoming more popular because of high fidelity, reliability, and simulation accuracy, and better at exposing deficiencies like proneness to pilot-induced oscillation (PIO).
- These systems generate sound, motion, and visuals to create a realistic training environment and also provide digital electrical control loading and an electric motion system, with reduced power consumption and ensuring minimal operational life costs.
- Many companies are providing an opportunity to use full flight simulators (FFS) with the growth in usage of these simulators. For example, in June 2018, Airbus launched the latest version of the full flight simulator (FFS) to enable the training of staff on the Airbus A330 Multirole Tanker Transport (MRTT).
- CAE offers the most innovative full-flight simulators (FFS), including the latest CAE 7000XR Series Level D FFS, which improves training efficiency, offers advanced capabilities, and increases operational efficiency.
By Platform Type
“UAV simulator is anticipated to command the flight-simulator market.”
- Unmanned Aerial Vehicles, or UAVs, also known as drones, are aircraft operated without a human pilot onboard. The UAV simulator accurately models the aerodynamics, control systems, and flight dynamics specific to the drone. This segment is also expected to be the fastest growing in the forecast period as more people require drone pilots.
- A fixed-wing simulator is a high-tech training equipment designed to mimic the flight behavior and systems of a fixed-wing aircraft. The fixed-wing simulator segment is likely to witness a huge market share during the forecast period as the aircraft fleet is growing and air traffic is increasing.
By Method Type
“Synthetic is expected to remain the dominant in the market during the forecast period.”
- The flight simulator market has, depending upon methodology, been divided into two categories: synthetic and virtual. Various forms of simulation training methods make use of virtual and constructive reality to facilitate training in complex tasks and procedures on simulators.
- The expanding use of the synthetic environment in enhancing training, planning of missions, simulation during rehearsals, and making operative decisions because it is closer to reality and the world has accurately mirrored it in simulation drives the expansion of the flight simulator industry.
Regional Analysis
“The Asia-Pacific is expected to remain the largest market for flight simulators during the forecast period.”
- Growing demands for traveling by air and connectivity on aerial lines by passengers have led to increasing numbers of new routes in the Asia-Pacific introduced by airlines, creating heavy shortages of both pilots and cabin crew within the same region.
- This shortage of pilots and other aircraft employees is expected to drive the demand for civil aviation simulators. The construction of new training facilities by regional airlines and training providers, as well as orders for new simulators, is expected to drive the demand for simulator training during the forecast period.
Key Players
The market is highly fragmented with the presence of over 500 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players in the flight simulator market. Some of the major players are providing a complete range of services including engine and airframe.
Here is the list of the Top Players (Based on Dominance)
- CAE Inc.
- L3Harris Technologies, Inc.
- Thales SA
- Saab AB
- Flight Safety International
- The Boeing Company
- Airbus S.A.S.
- Tru Simulation + Training Inc.
- Raytheon Company
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global flight simulator market is segmented into the following categories.
Flight Simulator Market, by Aircraft Type
- Full Flight Simulator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Flight Training Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Full Mission (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Fixed-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Flight Simulator Market, by Platform Type
- Fixed Wing Simulator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Rotary Wing Simulator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- UAV Simulator (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Flight Simulator Market, by Solution Type
- Products (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hardware (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Software, Services (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hardware Upgrade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Software Upgrade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Flight Simulator Market, by Method Type
- Virtual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Synthetic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Flight Simulator Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s flight simulator market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
