Flight Simulator Market by Application (Military, Commercial), by Type of Flight (Fixed Wing, Rotary Wing, Unmanned Aircraft), Military Component (FFS, FMS, FTD), Commercial Component (FFS, FBS, FTD), Geography - Global Forecast to 2021 The global flight simulator market is projected to reach USD 7.54 Billion by 2021, at a CAGR of 4.1% from 2016 to 2021. Factors such as increased demand for new commercial and military pilots, adoption of virtual training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the global flight simulator market. Browse 72 market data Tables and 106 Figures spread through 168 Pages and in-depth TOC on "Flight Simulator Market - Global Forecast to 2021" http://www.marketsandmarkets.com/Market-Reports/flight-simulatormarket-22246197.html Key players of the global flight simulator market include CAE Inc. (Canada), L-3 Communications Holdings, Inc. (U.S.), FlightSafety International Inc. (U.S.), Thales Group (France), The Boeing Company (U.S.), Rockwell Collins, Inc. (U.S.), TRU Simulation + Training (U.S.), Airbus (France), among others. The military segment to dominate the global flight simulator market with highest market share On the basis of application, the military segment dominates the global flight simulator market with largest market share and is expected to continue its dominance over the next five years, though the commercial segment is expected to grow at a higher CAGR during the forecast period. The demand for military simulators is primarily driven by their
use in armed forces training and mission training. Rising demand for commercial pilots tends to drive the commercial simulator market. The unmanned aircraft segment is expected to grow at the highest pace during the forecast period The unmanned aircraft segment of the global flight simulator market, by type of flight, is expected to grow at the highest CAGR during the forecast period. It is expected to dominate the market on account of the growing prominence of unmanned aerial systems (UAS) in defense as well as the commercial sector. Request For Sample Pages Report : http://www.marketsandmarkets.com/requestsample.asp?id=22246197 On the basis of component, the global flight simulator market has been segmented into military component and commercial component. The key subsegments of the military component segment are FFS (Full Flight Simulator), FMS (Full Mission Simulator), and FTDs (Flight Training Devices). Among them, the FFS subsegment is projected to grow at the highest CAGR during the forecast period, because these simulators have navigation and flight control systems on a motion platform. They can also be used for both, primary and regular training. The FTDs subsegment accounted for the largest share in 2015. The key subsegments of the commercial component segment are FFS (Full Flight Simulator), FBS (Fixed Base Simulator), and FTDs (Flight Training Devices). Among them, the FTDs subsegment is projected to grow at the highest CAGR during the forecast period, owing to the increase in demand for cost-effective simulation systems. The FFS subsegment accounted for the largest share in 2015.
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Published on Nov 30, 2016
The global flight simulator market is projected to grow from USD 6.18 Billion in 2016 to USD 7.54 Billion by 2021, at a CAGR of 4.1%