The Simulators Market size is projected to reach a CAGR of 3.1% from 2022 to 2028.
The market covers the procurement of simulators for training personnel on military vehicle platforms used across the land, sea, and air. The simulators used to train the UAV operators are excluded from the purview of the report.
The rise in demand for pilots and the need for cost-cutting of pilot training are some of the factors that have supported long-term expansion for Simulators Market.
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Recent Developments
In March 2019, CAE entered into a five-year agreement with AirAsia (Malaysia) to provide CAE Rise, a full flight simulator for initial training of AirAsia’s pilots. This helped the company in expanding its customer base in Malaysia.
In March 2019, Thales received a contract from Caverton Helicopters (Africa) to provide Thales’ Reality-H Full Flight Simulator to train the pilots of Caverton Helicopters for the AW139 aircraft platform. This helped the company in expanding its customer base in Africa.
Prominent Players
- Thales Group
- CAE Inc.
- Collins Aerospace (Raytheon Technologies Company)
- L3Harris Technologies, Inc.
- FlightSafety International (Berkshire Hathaway Inc.)
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Asia Pacific to Dominate the Market
Asia-Pacific is likely to witness the highest growth in the market during the forecast, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic and increasing defence budget of key economies.
Simulators Market Segmentation:
On the basis of Solution
- Products
- Services
On the basis of Platform
- Airborne
- Land
- Maritime
On the basis of Type
- Full Flight Simulators
- Flight Training Devices
- Full Mission Flight Simulators
- Driving Simulators
- Air Traffic Control Simulators
- Fixed Base Simulators
- Land Forces Training Simulators
- Full Mission Bridge Simulators
- Vessel Traffic Control Simulators
On the basis of Application
- Commercial Training
- Military Training
On the basis of Technique
- Live, Virtual & Constructive Simulation
- Synthetic Environment Simulation
- Gaming Simulation
Based on region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
In addition to the market data for Simulators Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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