Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: MRR

Global Commercial and Military Flight Simulation Market Report 2022-2024: Rising Global Security Concerns Propel Growth of Military Flight Simulator


DUBLIN, May 24, 2022 /PRNewswire/ -- The "Commercial and Military Flight Simulation - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

Global Commercial and Military Flight Simulation Market to Reach $5.8 Billion by 2024

The global market for Commercial and Military Flight Simulation is projected to reach US$5.8 Billion by 2024, registering a compounded annual growth rate (CAGR) of 3.9% over the analysis period.

Flight simulation plays a crucial role in developing and training modern aircraft. Flight Simulation has evolved into an established technique that offers a true and vibrant demonstration of the behavior of an aircraft, while facilitating one or more operators, normally pilots, to interact with the simulation. Virtual reality, used for flight simulation, ensures real-time experience through 3D sound systems, high-degree of realism, and color environment.

The objective of flight simulation is to provide the user of the system a visual feeling of being in an aircraft. The core of flight simulation lies in the creation of illusion, offering the pilot a real-life experience. The fidelity of the created illusion decides the limit for what can and cannot be achieved in terms of read-across to the realism. In short, fidelity decides the suitability of a simulator.

Simulator extends a low cost training alternative for pilot training programs that entails extremely low risk, when compared to training involving actual aircraft. Since the need for actual aircraft becomes invalid with simulator-based training, the costs involved in aircraft-based training in the field such as purchase of expensive training aircraft and associated fuel and maintenance costs become invalid. Furthermore, the risks involved in field training such as aircraft crash and related events such as loss of life and property, also become irrelevant with simulator-based training.

The United States represents the largest regional market for Commercial and Military Flight Simulation, accounting for an estimated 45.5% share of the global total.

The market is projected to reach US$2.8 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 5.8% over the analysis period.

Momentum in the flight simulation technologies market is expected to remain steady in the coming years. Widespread acceptance of virtual flight environment for commercial as well as military aircraft training purposes and rising need for cost effective pilot training programs are poised to accelerate the market momentum during the current decade. At the same time, increased spending in aerospace training vertical is likely to create robust opportunity for flight simulator market.

Going forward, commercial and military aviation entities would continue to lean towards flight simulation technologies to leverage myriad benefits offered by these platforms such as end-to-end support to mission critical training programs, visual systems capable of offering near real world experience, and low operational costs. Furthermore, persistent need for flight handling and safety operations such as skill competency and situational awareness is also likely to augment market prospects.

Intensified R&D efforts in aerospace technology along with technological advancements leading to development of more sophisticated flight simulators with novel technologies such as AR/VR is likely to sustain market momentum in the coming years. More specifically, advancements in computing technology potentially result in integration of better motion and visual systems for enhanced smoothness and fidelity, while further improving simulation efficiency and reducing overall costs.

Technology improvements in various forms such as sophisticated portable simulators, which extend the flexibility to be carried to the site while offering lesser time, and lesser CAPEX and OPEX, would in fact are likely to play progressive role in future growth of the market.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS (Total 88 Featured) 

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

ASIA-PACIFIC

LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4wapfh

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716



SOURCE Research and Markets


These press releases may also interest you

at 15:30
Seibels is pleased to announce the appointment of Jerry Campanaro to Vice President of Sales and Account Management. Seibels provides Insurtech Solutions to Insurance Carriers and MGAs and is focused on servicing clients across the United States....

at 15:30
As the United States grapples with questions around police accountability, there is a growing need for data on police involvement in minority communities specifically and police performance more broadly. To help answer the need, Measures for Justice...

at 15:23
Givebutter, a product-led company that developed the first free operating system for nonprofit fundraising, announced today that it has completed a seed funding round totaling $7 million. The new funding will allow the company to accelerate its pace...

at 15:20
GigXR, Inc., a global provider of holographic healthcare training, announced today the release of a new mixed reality application called HoloScenarios. The first module, created in partnership with the University of Cambridge and Cambridge University...

at 15:20
Andrew Flowers, labor economist at Appcast, will share expert insight on the labor market and what is on the horizon for recruiting in America. WHAT Appcast, the global leader in programmatic recruitment advertising technology and services, will host...

at 15:05
The Jefferson Institute for Bioprocessing (JIB) and Plymouth Group announced today that JIB's biotechnician training program will move into space at Budd Bioworks. JIB's training services will enable life-changing therapies developed in...



News published on 24 may 2022 at 14:15 and distributed by: