Flight Simulator Market Size, Share & Trends Analysis Report By Product (Full Flight Simulator (FFS), Fixed Flight Training Devices (FTD)), By Application, By Region, And Segment Forecasts, 2023 - 2030

Flight Simulator Market Size, Share & Trends Analysis Report By Product (Full Flight Simulator (FFS), Fixed Flight Training Devices (FTD)), By Application, By Region, And Segment Forecasts, 2023 - 2030

Flight Simulators Market Growth & Trends

The global flight simulator market size is expected to reach USD 7.19 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.

The market is poised for growth owing to advances in aircraft simulation technology which is expected to change the pilot training.The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the flight simulators market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive the market over the next eight years.

The design of aircraft simulators is based on original cockpit of respective aircraft models. Companies like Lufthansa Aviation Training offer simulators with cockpit designs from aircraft manufacturers like Airbus S.A.S, Boeing, Bombardier, and Embraer. The company provides simulators with navigation trainer, which imparts practical instrument training by replicating different weather and environmental conditions. Technological advancements have significantly resulted in motion systems being converted from hydraulic to electric for improved fidelity and smoothness. Additionally, advancements such as the onset of advanced visual systems that offer more than 180-degree view in satellite quality of all important objects at the relevant airport is also anticipated to provide growth prospects in this industry.

Flight Simulators Market Report Highlights

• The FFS product segment accounted for over 92.0% of the overall revenue in 2022. This growth is owing to features that provide motion, sound, visuals, and all other aircraft operations that create a realistic aviation training environment
• The demand in civil application segment is primarily due to the rising air traffic coupled with the growing emphasis on the passenger as well as pilot safety. Governments in several countries have enforced strict regulations regarding the use and significance of simulation training
• Europe accounted for more than 31.8% of the overall market share in 2022 and is expected to exhibit a modest growth over the next eight years on account of the elevating enforcement of regulations pertaining to pilot training and passenger safety
• In Asia Pacific, the flight simulator market is estimated to exhibit a substantial growth over the forecast period in light of the growing aviation industry, resulting in the increasing demand for aircraft simulators.
• Prominent industry players include CAE, Boeing, Leonardo S.p.A., Lockheed Martin, The DiSTI Corporation, Thales and Saab. Industry participants emphasize on joint ventures, mergers, and acquisitions in order to acquire greater financial, technical, marketing, manufacturing, and distribution expertise.

Please note The report will be delivered in 4-8 business days upon order notification.