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Commercial Flight Training and Simulation Relies on New Aircrafts and Stiffer Training Standards to Sustain Market

Asia-Pacific and the Middle East represent lucrative markets, finds Frost & Sullivan


News provided by

Frost & Sullivan

Jan 22, 2015, 07:45 ET

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MOUNTAIN VIEW, Calif., Jan. 22, 2015 /PRNewswire/ -- The commercial flight training and simulation market is witnessing limited growth. Initial pilot training has declined significantly in North America and Europe as interest in a pilot career is low. Even in regions where interest is stronger, the costs of training have kept demand in check. Thus, the supply side of the market for type rating and recurrent training continues to consolidate in the hands of a few companies.

Photo - http://photos.prnewswire.com/prnh/20150121/170571

New analysis from Frost & Sullivan's Commercial Flight Training and Simulation Market finds the commercial flight training market earned revenue of $1.44 billion in 2014 and estimates this to reach $1.54 billion in 2020. Similarly, the commercial flight simulation market earned revenue of $1.06 billion in 2014 and this is expected to go up to $1.43 billion by 2020.

Access additional information and complimentary portions of this research: http://bit.ly/1umcVsX

"Asia-Pacific and the Middle East are the prime markets for both commercial flight training and simulation services," said Frost & Sullivan Aerospace & Defense Director Wayne Plucker. "However, the advanced pilot training and simulators are mostly provided by North American and European companies."

Across geographies, airlines have witnessed a lack of sustained profitability, which has slowed down market development. In pursuit of a positive cash flow, airlines have not only added fuel surcharges, baggage fees, seat selection fees and other charges, but also treated training as a potential area to cut costs. This, along with airlines' reluctance to purchase new simulators, except for new models, has created challenging market conditions.

"As more fuel-efficient aircraft models have been introduced over the last ten years, airlines will expand its fleet, for which new or modified simulators will be required," noted Plucker. "The commercial flight training segment will also gain traction with civil aviation authorities increasing training requirements as older and more experienced pilots retire."

By 2020, the bulk of adjustments to spending will have been made and the market will begin to experience actual growth. Overall market dynamics will change as China puts its in-country flight training infrastructure in place and airspace constraints are resolved. While this will boost overall expenditure on training and simulation services, it will decrease the percentage of China's spending in the United States.

Commercial Flight Training and Simulation Market is part of the Aerospace (http://www.aerospace.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Outlook of Simulation Training across Global Non-Defense Markets of Oil and Gas, Transportation, and Healthcare, and Analysis of the US Department of Defense Training and Simulation Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion
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Commercial Flight Training and Simulation Market
NECA-22

Contact:
Jennifer Carson
Corporate Communications – North America
P: 210.247.2450
E: [email protected]

Twitter: @Frost_Sullivan
Facebook: FrostandSullivan
Linkedin: http://linkd.in/1kIFzRM

http://www.frost.com

SOURCE Frost & Sullivan

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