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(Transportation-News.com, September 08, 2021 ) Increasing demand for new commercial and military pilots, adoption of virtual flight training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the market.
The services segment is projected to grow at the highest CAGR during the forecast period Growth of this segment is attributed to the increase in the maintenance cost of flight simulators. These are used for both, primary and regular training. Also, the repaid upgradation in simulation technology and its applications and rise in the demand for hardware and software upgradation services from the flight training market is driving the growth of services segment. Flight simulators can be used on various platforms, including commercial aircraft, military aircraft, helicopter simulator and Unmanned Aerial Vehicles (UAVs). The commercial aircraft segment is projected to lead the flight simulator market during the forecast period. Rise in the global air passenger traffic is driving the growth of the aviation industry, which is leading to the demand for commercial aircraft deliveries.
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Asia Pacific expected to lead the flight simulator market from 2021 to 2026. Market growth in the Asia Pacific region is majorly driven by the increasing number of deliveries of unmanned aerial vehicles and commercial aircraft. Changing demographics and increase in disposable income in the region is driving the demand for air travel, which supports the demand for new pilots, thus, resulting in the demand for new flight simulators in the region.
Key market players include CAE (Canada), Boeing Company (US), Collins Aerospace (US), FlightSafety International (US), L-3 Communications (US), Raytheon Company(US), Precision Flight Controls (US), SIMCOM Aviation Training (US), Frasca International (US), and TRU Simulation + Training (US), Airbus Group (Netherlands), Indra Sistemas (Spain), and Thales Group (France).
Key Questions Addressed by the Report
Growth perspective of the flight simulator market key dynamics and trends governing the market, such as drivers and opportunities
Key sustainability strategies adopted by the leading players in the flight simulator market.
The new and emerging technologies and use cases disrupting the flight simulation industry.
Key applications where flight simulators play a significant role.
Key trends and opportunities in the flight simulator market across different regions and their respective countries.
The key players and innovators in the partnership ecosystem.
Changes in the competitive landscape of the client ecosystem which impact clients’ revenue.
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