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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Flight Simulators Market Trends
Increasing Air Passenger Traffic to Augment the Market Growth for Flight Simulators
The healthy expansion in air passenger traffic has necessitated the inclusion of new flight frequencies and the reduction of excess loads on commercial pilots. Airlines are run using commercial aircraft at maximum load factor in order to generate large profit margins and additional income as the higher load factor accelerates earnings while decreasing operating expenses for market participants. This is expected to generate a healthy flight simulators demand in the coming years due to a heightened need to train new pilots joining the industry.
The development of a realistic aircraft flight simulation system with overhead and ECAM displays based on aviation system logic has resulted in a substantial increase in the usage of these gadgets and is expected to continue to catalyse the market growth for flight simulators. Rising worries about the cost of pilot training, shifting fuel prices, and cost savings on real aircraft maintenance and repair are also projected to positively influence industry growth.
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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