Civil Aerospace Simulation and Training Market Research Report By Forecast To 2021 Industry Survey, Growth, Competitive Landscape and Forecasts to 2021 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Global Civil Aerospace Simulation and Training Market by Simulator Type (Flight Training Devices (FTD), Full Flight Simulators (FFS), Flight Simulation Training Devices (FSTD)), Aircraft Type (Fixed Wing and Rotary Wing), and by Region - Forecast to 2021 The global civil aerospace simulation and training market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of civil aerospace simulation and training will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023). The high demand for civil aerospace simulation and trainings is due to the growth in the flight training institutes. A civil aerospace simulation and training helps to artificially re-create aircraft flight and the flying environment, thus providing the real flying experience. In civil aviation flight training, such flight simulator systems are mainly used for pilot training. Compared with airborne training, flight simulation based training reduces the cost of flight crew training as well as the impact on environment. However, the high cost of producing and acquiring FFS and FTD systems acts as a barrier for the growth of civil aerospace simulation and training market. The civil aerospace simulation and training market is completely dependent on the flight training institute. Thus, the increasing or decreasing demand of the flight training institute directly has an impact on the market. The availability of finance has eased the demand for flight institutes, due to which there has been a rise in the civil aerospace simulation and training market. Another factor responsible for the increase in aerospace simulation and training market is the macroeconomic development and the rise in the global middle class consumers. This is the primary factor that drives the growth of civil aerospace simulation and training market has gained prevalence in the recent times, with growth in demand for type-rated pilots. Thus, the growth of the civil aerospace simulation and training market is expected to go hand in hand with the growth of flight institute. 2 www.marketresearchfuture.com Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Despite the growth in the overall market, the global civil aviation flight training and simulation market faces several challenges as well. One of the prominent challenges is the high cost of producing and acquiring FFS and FTD systems. The majority of an into flight training providers would not be able to acquire and operate the type of simulators required for a major portion o multi-crew pilot licence (MPL) training due to their cost. Also, shortage of flight instructors with the necessary ratings and competencies, and slow pace regulatory and licencing system for new training requirements are also the prominent challenges. Despite the challenges, the global civil aviation flight training and simulation market shows immense growth potential, and it is expected to grow steadily in the future. However, flight simulator operating cost is one tenth of this figure and this would provide a huge economic benefit. Airline flight crew must undergo two days training and checking in a flight simulator every six months. There are various factors such as fleet modernisation plans of carriers, shift from traditional to simulation based trainings, long term cost benefits and flight simulation contributes to improve aviation safety that will boost the market in long term. Industry/ Innovation/ Related News: March, 2018 – CAE’s Defence & Security business unit was awarded a subcontract from Leonardo Helicopters to provide the Qatar Emiri Air Force (QEAF) with a comprehensive NH90 helicopter training solution. November, 2017 – FlightSafety signed a long-term agreement with Envoy Air as a Pilot Cadet Program Partner. It has direct access to a program that starts with FlightSafety Academy’s high quality training. 3 www.marketresearchfuture.com Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Global Civil Aerospace Simulation and Training Market ($ billion), 2016-2021 4 www.marketresearchfuture.com Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Civil Aerospace Simulation and Training Market – Segmentation The Global Civil Aerospace Simulation and Training Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding; Segmentation by Simulator Type Devices Segmentation by Aircraft Type Segmentation by Regions Africa and South America. : Comprises Flight Training Devices, Full Flight Simulators, Flight Simulation Training : Comprises Fixed Wing and Rotary Wing : Comprises Geographical regions - North America, Europe, Asia Pacific, Middle East & Civil Aerospace Simulation and Training Market – Regional Analysis European market is dominating the market of civil aerospace simulation and training market due to fall in spending by existing customers and introduction of modernised simulators. The market in the European region is largely driven by strong aerospace industry base in the U.K., which helps in global growth. Asia Pacific is referred to as the second-largest civil aerospace simulation and trainings market due to factors such as largest air travel market have fuelled the demand for aircraft and simulation training market. 5 www.marketresearchfuture.com Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Segmentation 6 www.marketresearchfuture.com Civil Aerospace Simulation and Training Market Research Report - Forecast to 2021 Key Players: Some of the key players in the Global Civil Aerospace Simulation and Training Market are CAE, FlightSafety International, Rockwell Collins, L-3 Communications, Lockheed Martin, Thales Training, Frasca, Indra Sistemas, Diamond Visionics LLC, and Vector Training Systems. Browse Report @ https://www.marketresearchfuture.com/reports/civil-aerospace-simulation-trainingmarket-1384 7 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at [email protected] Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. 8 www.marketresearchfuture.com THANK YOU MARKET RESEARCH FUTURE [email protected] Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 9 www.marketresearchfuture.com
Global Civil Aerospace Simulation and Training Market by Simulator Type (Flight Training Devices (FTD), Full Flight Simulators (FFS), Flight Simulation Training Devices (FSTD)), Aircraft Type (Fixed Wing and Rotary Wing), and by Region - Forecast to 2021
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