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Technavio’s civil aerospace simulation market analysis predicts that the market will grow steadily at a CAGR of around 4% by 2021. The rise in the commercial aircraft deliveries and demand for pilots is one of the primary factors driving the civil aerospace simulation market growth during the forecast period. The rising growth in aircraft deliveries has led to an increased demand for pilots which, in turn, is driving the demand for flight simulators and training devices. Also, APAC being the fastest growing commercial aviation sector, represents opportunities for skilled pilots to meet the considerable demand in the region. Furthermore, the pilots in APAC needs to undergo recurrent training programs during their career. These policies coupled with the increasing passenger traffic will propel the growth of the global civil aerospace simulation and training market during the forecast period.
The rapidly growing investments in research and innovation is one of the latest civil aerospace simulation market trends gaining traction in the market. Stakeholders are unswervingly investing in R&D to offer the most effective product crafted for specific aircraft investing heavily to make sure they stay competitive. The overall level of expectation for a Level D simulator is quite high, and the expectations of the customers tend to rise, the features which were previously challenging to obtain are usually expected as a bare minimum at present. These high precision requirements from the commercial aviation sector will propel the growth of the global civil aerospace simulation and training market in the coming years.
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The global civil aerospace simulation and training market is a well-established market with fewer multinational and regional suppliers. As the market is highly capital intensive and technologically inclined, product cost, quality, and reliability play a major role in the product differentiation.
Leading vendors in the market are –
Other prominent vendors in the civil aerospace simulation and training market include Airbus, ECA GROUP, FRASCA International, Lockheed Martin, and SIMCOM Aviation Training.
During 2016, the fixed-wing aircraft simulators dominated the civil aerospace simulation and training market and accounted for a major part of the overall market share. Fixed-wing aircraft simulators emulate aircraft that uses forward airspeed and thrust generated by a jet engine or a propeller to move the aircraft forward. The high adoption of fixed-wing aircraft by a growing number of airlines across the globe is the key contributor to the dominance of this segment in the global market.
In this market study, analysts have estimated EMEA to dominate the civil aerospace simulation and training market during the forecast period. Factors such as better technological innovations and higher adoption of simulators by several countries in the region are the major contributors to the dominance of the region in the civil aerospace simulation and training market.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by aircraft type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
Tags: flight simulator, aerospace engineering, aviation training, flight training, pilot training, aerospace industry trends, aerospace and defense market outlook,
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