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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Flight Simulators Market Growth
Increasing Need for Commercial Pilots to Boost the Market Growth for Flight Simulators
The aviation sector has experienced rapid expansion as a result of increased traffic and tourism activities across the world. Thus, the expansion of fleets has been leading to a heightened need for new commercial pilots. This is expected to lead to a higher demand of flight simulators, which are increasingly being deployed to train new pilots. The market is also expected to be boosted by the recovery of the global economy and the resurgence of the travel and tourism sector post the COVID-19 pandemic.
Flight Simulators Market Report Snapshots
Flight Simulators Market Growth
Flight Simulators Market Trends
Flight Simulators Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 5.12 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 8.65 billion by 2032.
The major drivers of the market include increased traffic and tourism activities, expansion of fleets, rising worries about the high cost of pilot training and shifting fuel prices.
The key trends propelling the market growth are the growing attempts to boost cost savings on real aircraft maintenance and repair, surging air traffic, and the development of realistic aircraft flight simulation systems.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products considered in the market report are full flight simulator (FFS) and fixed flight training devices (FTD).
The various applications of the product are military and defence and civil.
The major players in the market are The Boeing Company, CAE Inc., Havelsan A.S., Saab., and Fidelity Technologies Corporation, among others.
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