Flight Simulator Market 2022 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market for flight simulator is estimated at USD 7,526.3 million in the year 2022, is projected to reach a size of USD 13,126.2 million by 2030, growing at a compound annual growth rate (CAGR) of 7.2% over the forecast period 2022-2030. The growth of the flight simulator market is driven by factors such as growing need for cost-cutting in pilot training, reducing costs of genome sequencing, and rising application of epigenetic enzymes in drug discovery & development. Development of simulators for unmanned aerial systems is expected to provide lucrative opportunities for the global market throughout the forecast period.

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REGIONAL ANALYSIS

In the terms of region, the report is studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among all regions, North America dominated the global flight simulator market in 2021. The growth of the regional market is likely to be driven by increase in air passenger traffic coupled with growing demand for airborne simulators. In terms of revenue, Europe captured the second position in the flight simulator market. The flight simulator market in Asia Pacific region is projected to grow at lucrative growth rate over the forecast period. The growth of the flight simulator market in Asia Pacific is likely to be driven by rising demand for new pilots and recruitment of new pilots.

Latin America and Middle East & Africa reported for a comparatively minor share of the global market in 2021. On the other hand, the market in these regions is anticipated to grow rapidly during the forecast period.

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SEGMENTATION ANALYSIS

By type, the global flight simulator market has been divided into full flight simulators, fixed base simulators, flight training devices, and full mission flight simulators. The full flight simulators segment is projected to be the largest segment during the forecast period.

Based on platform, the market is segmented into commercial, military, and UAVs. The commercial segment is projected to be the largest segment during the forecast period. The military segment is further classified into helicopters, combat aircraft, training aircraft, and transport aircraft.

Based on method, the flight simulator market has been classified into synthetic, and virtual. On the basis of solution, the global flight simulator market has been divided into products, and services. The products segment is projected to be the largest segment during the forecast period. The products segment is further classified into hardware, and software.

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COMPANIES COVERAGE

The global flight simulator market is consolidated at top, with top 10 leading players accounting for majority of the market share. Major companies in flight simulator market includes CAE Inc., Flight Safety International, Indra, L3Harris Technologies, Inc., Thales SA, and The Boeing Company.