March 18, 2021
According to the recent research report titled ‘Global Civil Aviation Flight Training and Simulation Market - Analysis By Simulator Type, By Aircraft Type, By Region, By Country: Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global civil aviation flight training and simulation market was worth USD 4774.56 million in 2019 and is expected to record a substantial growth during 2020-2025.
The report states that global civil aviation flight training and simulation market growth is driven by soaring demand from training institutes and airlines to train & recruit younger pilot population. Firms are heavily investing in integrating advanced technology to provide superior quality, latest technology products, hence augmenting the market outlook.
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With respect to simulator type, global civil aviation flight training and simulation market is categorized into fixed base simulator, flight training devices, full flight simulator, and others. As per reliable estimates, full flight simulator (FFS) segment is expected to hold major market share by the year 2025, followed by flight training devices and fixed base simulators, due to enhanced offering of full flight simulators by top vendors such as L3 Technologies, CAE Inc., and Frasca International Inc., among others. In addition, manufacturers are working with training institutes and airlines to recognize and meet the rising passenger custom requirements.
Based on aircraft type, worldwide civil aviation flight training and simulation industry is segmented into fixed wing and rotary wing. Fixed Wing, followed by Rotary Wing Aircraft, captured considerable market share in the recent past, creditable to an ever-increasing fleet of fixed wing aircraft, and numerous leading manufacturers providing training equipment and simulators for various fixed wing aircrafts.
Growing investment in advanced technology adoption by firms to fulfill the particular demands of training institutes and airlines, combined with a greater emphasis on passenger safety, and increasing number of air accidents are expected to contribute to the business expansion in the coming years.
Geographically, with presence of numerous leading manufacturers in the region, North America is poised to hold a significant market share by the end of forecast period, followed by Europe and Asia Pacific. Companies are investing in expanding their product offerings to provide customers with a range of civil aviation flight training and simulation solutions, as well as integrating advanced manufacturing technologies and fulfilling their clients' needs.
Leading organizations influencing global civil aviation flight training and simulation market trends are Thales Group, Boeing Company, CAE Inc., Collins Aerospace, and L3Harris Technologies.