The latest report published by IMARC Group, titled “Civil Aerospace Simulation and Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global civil aerospace simulation and training market size reached US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.0 Billion by 2027, exhibiting a CAGR of 4.21% during 2022-2027. Civil aerospace simulation refers to technological solutions that expose pilots to artificially recreated aircraft flight environments for training purposes. It comprises a full flight simulator (FFS), flight training devices (FTD), and advanced and basic aviation training devices (BATDs), which act as control panels and other component replicas. Civil aerospace simulation is used to improve inflight knowledge of pilots and acquaint them with real-time situations, including tire blowouts, bad weather conditions, hydraulic failure, and controlling airplanes under crises. Consequently, it finds extensive application in commercial and military aviation to train crew.
What are the growth prospects and trends in the industry?
The significant expansion in the aerospace and aviation sector is primarily creating a positive outlook for the market. In line with this, the increasing demand for active proficient pilots has facilitated the widespread adoption of civil aerospace simulation to offer cost-effective training in safer environments, which is supporting the market growth. Additionally, the large-scale integration of augmented reality (AR) and virtual reality (VR) solutions with pilot training and multi-monitor systems to offer an immersive experience is propelling the global civil aerospace simulation and training market growth. Apart from this, the growing uptake of training systems in space exploration programs and continuous investments in research and development (R&D) activities are contributing to the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- CAE Inc
- Diamond Visionics LLC
- Elbit Systems Ltd
- Flightsafety International Inc. (Berkshire Hathaway Inc.)
- Frasca International Inc.
- Indra Sistemas S.A
- L3harris Technologies Inc.
- Lockheed Martin Corporation
- Thales S.A
- The Boeing Company
Key Market Segmentation:
The report has segmented the global civil aerospace simulation and training market based on type, aircraft type, platform, application and region.
Breakup by Type:
- Full Flight Simulator
- Flight Training Device
- Others
Breakup by Aircraft Type:
- Regional Jets
- Narrow Body Aircrafts
- Wide Body Aircrafts
- Others
Breakup by Platform:
- Fixed Wing Simulator
- Rotary Wing Simulator
Breakup by Application:
- Commercial Aviation Training
- Space Training
- Military Aviation Training
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/civil-aerospace-simulation-training-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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