The global civil aerospace simulation and training market generated revenues of around USD 3 billion in 2016 and is anticipated to reach almost USD 4 billion by 2021, says Technavio.
Technavio has published its latest industry research report on the global civil aerospace simulation and training market, under its aerospace portfolio. This market study discloses the main drivers and key developing trends and provides an analysis of key sellers like CAE, FlightSafety International, L-3 Link Simulation & Training, Rockwell Collins, and Thales.
According to Avimanyu Basu, a lead analyst for aerospace research at Technavio, “The launch of a replica of aircraft systems with artificial situational sensation is driving the civil aerospace simulation and training market. The demand in the market is driven by the availability of high trainers, which results in low maintenance cost and high longevity of training devices. The manufacturers are also focusing on delivering products that are reliable and project supportability for All Nippon Airways to attract more consumers and increase their revenues.”
Some of the training simulators launched in the market include digital electrical control loading and electric motion systems, the new-age Level C and D simulators precisely imitate real-world source data for crosswind take-offs and landings with gusts. Several vendors in the market are offering devices that guide upset prevention, recovery training, and refined simulated icing models that correspond to the National Transportation Safety Board (NTSB) recommendations. Such systems will revolutionize the global market.
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Emergence of new entrants
The emergence of new entrants with prior knowledge of the aviation industry with innovative products will help the competition in the global civil aerospace simulation and training market. These companies are offering simulation and training services that meet the requirements of different consumers and provide customized products that suit their requirement. For instance, companies like TRU are partnering with Boeing Flight Services to provide the first training module for the new 777X aircraft (777-8 and 777-9) by 2020.
High investment in research and innovation
The manufacturers are investing in research and development to offer the most effective product crafted for specific aircraft to stay competitive in the global market. The vendors are launching simulators with additional features that will increase the consumer base and profitability. Companies are developing new algorithms directed toward ground reaction aspects of a simulation protocol, which involves nose wheel, tail wheel, along with the skids on helicopters.
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This research study includes an exhaustive analysis of market sizes and shares of the sub-segments and geography. A report of the top companies, including their business overview, market shares, key financials, etc. is offered in this study. This industry study also presents a detailed analysis of main drivers, challenges, and opportunities affecting this market.
A complete study is available in the Technavio report titled, ‘Global Civil Aerospace Simulation and Training Market 2017-2021’. Technavio also customizes reports by other regions and specific sectors upon request.
Other related reports:
- Global UAV Flight Training and Simulation Market 2017-2021
- Global Helicopter Simulator Market 2016-2020
- Global Commercial Aircraft Cockpit Display System Market 2016-2020
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