Flight Simulator Market Size
The Global Flight Simulator Market reached USD 6.8 billion in 2022 and is expected to reach USD 11.6 billion by 2030, growing with a CAGR of 7.0% during the forecast period 2024-2031.
As air travel demand increases in these regions, there is a growing need to establish pilot training centers equipped with modern simulators. The expansion of aviation infrastructure and training facilities in emerging markets is driving the growth of the global flight simulator market.
The rapid adoption of unmanned aerial vehicles (UAVs) by militaries worldwide is also expected to significantly boost the demand for flight simulators for military applications. Defense contractors are actively developing the next generation of drones. For instance, in April 2023, Turkish drone manufacturer Baykar Defence announced plans to build a new unmanned combat drone by early 2024.
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Flight Simulator Market Dynamics
Global Pilot Shortage
Following a stronger-than-anticipated recovery from the COVID-19 pandemic, the global aviation industry is facing a significant shortage of qualified pilots due to layoffs and retirements. According to Oliver Wyman, the industry is projected to encounter a shortfall of 80,000 pilots by 2032.
Flight simulators play a critical role in addressing this shortage by providing efficient and effective training programs. As airlines focus on retraining pilots for new aircraft and aggressively recruit new talent, the demand for flight simulators is expected to rise significantly. These simulators are essential for training the next generation of pilots and ensuring a steady supply of qualified professionals.
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The Flight Simulator Market is segmented
By Product Type: Full Flight Simulator, Fixed Flight Training Devices
By Application: Military & Defense, Civil
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Company Profiles
- CAE Inc.
- Flightsafety International Inc.
- L-3 Communications Holdings, Inc.
- Lockheed Martin Corp.
- The Boeing Company
- Fidelity Technologies Corp.
- Alenia Aeronautica
- Airbus Group N.V.
- ATC Flight Simulator
- Rockwell Collins
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