October 01, 2020
According to the research report titled ‘Global Civil Aviation Flight Training and Simulation Market - Analysis By Simulator Type, By Aircraft Type, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’ available with Market Study Report, global civil aviation flight training and simulation market accounted for around USD 4774.56 million in the year 2019 and is anticipated to record substantial growth during 2020-2025.
Factors such as escalating demand for simulators and training devices from airline institutes, rising geriatric pilot population, and increasing investments by leading airline companies towards the expansion of their aircraft fleets are augmenting the growth of global civil aviation flight training and simulation market size.
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Additionally, rising investments by industry partakers towards incorporating innovative technologies in order to provide state-of-the-art training institutes is positively swaying the market dynamics.
Based on simulator type, the full flight simulators (FFS) segment is expected to attain significant expansion through 2025. Easy availability and increasing number of strategic alliances among leading companies in order to cope up with growing air traffic is fueling the segmental growth.
With regards to aircraft type, global civil aviation flight training and simulation industry share from the fixed wing segment is predicted to grow considerably during the analysis timeframe. Rising occurrence of air accidents, increasing focus of airlines towards passenger safety, and escalating investments by market players in incorporating advanced technologies in order to meet the requirements of training institutes are bolstering the market growth.
From a regional frame of reference, Asia-Pacific is projected to emerge as a lucrative growth avenue for global civil aviation flight training and simulation market over 2020-2025. High concentration of leading companies, rising investments towards expanding their respective product portfolio and focus towards incorporating innovative technologies in the production processes are fostering the growth of the regional market.
The organizations that define the global civil aviation flight training and simulation industry trends are Thales Group, The Boeing Company, CAE Inc. (Canadian Aviation Electronics), Collins Aerospace, and L3Harris Technologies, Inc. among others.