Flight Simulator Market
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The report „Flight Simulator Market by Application (Military, Commercial), by Type of Flight (Fixed Wing, Unmanned Aircraft Wing), Military Component (FFS, FMS, FTD), Commercial Component (FFS, FBS, FTD), Geography – Global Forecast to 2021 “ , published by MarketsandMarkets, the global market is projected to reach $ 7.54 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021.
Browse 72 market data Tables and 106 Figures spread through 168 Pages and in-depth TOC on „Flight Simulator Market „
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Factors such as increased demand for new business and pilot pilots, adoption of virtual training for safety aviation safety, and the need for cost-cutting of pilot training.
The military segment to dominate the global flight simulator market with highest market share
CAGR during the forecast period. The CAGR during the forecast period. The demand for military simulators is driven by their use in armed forces training and mission training. Rising demand for commercial pilots to drive the commercial simulator market.
The unmanned aircraft segment is expected to grow at the highest rate during the forecast period
The unmanned aircraft segment of the Global Flight Simulator Market , by type, is expected to grow to the highest CAGR during the forecast period. It is expected to dominate the market on account of the growing prominence of unmanned aerial systems (UAS) in defense as well as the commercial sector.
The flight simulator market is expected to witness the highest growth in the Asia-Pacific region
The aviation industry in the Asia-Pacific region has been witnessing strong growth over the past few years. This growth, which is primarily driven by increasing demand for new aircraft deliveries and increasing air traffic in this region, is expected to boost the global flight simulator market. The aviation industry’s growth can therefore be attributed to the increase in trade & tourism, as well as increasing disposable income of the middle class population in emerging economies, such as India and China .
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Key players in the global flight simulator market include CAE Inc. ( Canada ), L-3 Communications Holdings, Inc. (US), FlightSafety International Inc. (US), Thales Group ( France ), The Boeing Company (US), and Rockwell Collins, Inc. (US), among others.