DUBLIN, Feb. 26, 2018 /PRNewswire/ --
The "Simulators Market by Type (Full Mission, Containerized, Fixed-Based, Desktop, Console), Technology (Virtual, Constructive, Integrated), Application (Military, Commercial), Vehicle (Airborne, Land, Naval), Component, Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The simulators market is projected to grow from USD 16.62 Billion in 2017 and is projected to reach USD 20.99 Billion by 2022, at a CAGR of 4.78% during the forecast period.
This growth can be attributed to the growing need to train new pilots across the globe, increasing adoption of virtual training to ensure safety and rising demand for unmanned military vehicles.
Based on application, the military segment is estimated to lead the simulators market in 2017. The growth of this segment can be attributed to increased use of simulators for pilot training and military crew training.
Based on technology, the integrated training environment segment is projected to grow at the highest rate during the forecast period. Currently, most military training centers are implementing integrated training platforms for army, navy, and air force trainees.
Based on component, the hardware segment of the simulators market is estimated to lead the simulators market in 2017. The increasing adoption of LED and OLED display systems for virtual training purposes is one of the most significant factors projected to drive the growth of the hardware segment.
Based on type, the containerized simulators segment is projected to grow at the highest CAGR during the forecast period. The use of containerized simulators for land-based commercial applications is expected to drive the growth of the containerized simulators segment.
Based on vehicle class, the land vehicle class segment is projected to register the highest growth during the forecast period, owing to the introduction of new and advanced simulators for battlefield training.
North America is estimated to lead the simulators market in 2017 and is projected to continue its dominance during the forecast period, owing to the largest military and commercial aircraft fleets in this region and increasing demand for new pilots. The simulators market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the growth in the aviation industry and increase in aircraft deliveries in the region.
Major companies across the globe that provide simulators are CAE (Canada), FlightSafety (US), Boeing (US), Thales (France), FAAC (US), ECA (France), and Lockheed Martin (US). New product development, acquisitions, and contracts are main strategies adopted by these players to retain their position in the market.
- Growing Need to Train New Pilots Across the Globe
- Increasing Adoption of Virtual Training to Ensure Safety
- Need for Cost-Cutting in Pilot Training
- Rising Demand for Unmanned Military Vehicles
- Technological Advancements in the Field of Flight Simulators
- Lack of Interoperability
- High Complexity of Simulator Systems
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Simulators Market, By Application
8 Simulators Market, By Component
9 Simulators Market, By Type
10 Simulators Market, By Technology
11 Simulators Market, By Vehicle Class
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- ARI Simulation
- ECA Group
- Faac Incorporated
- Flightsafety International
- Kongsberg Maritime
- L3 Technologies
- Lockheed Martin
- Nautical Simulation
- Tecknotrove Systems
- Vstep Simulation
For more information about this report visit https://www.researchandmarkets.com/research/w8gtbz/global_flight?w=5
Research and Markets
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SOURCE Research and Markets