7Newswire
22 Oct 2021, 09:47 GMT+10
The Flight Simulator Market is expected to reach USD 8,809.2 Million by 2028, according to a new report by Reports and Data. A flight simulator is a device or a machine that produces an artificial setting of flight and other purposes to train the pilot. Flight simulation is one of the best practices of virtual reality. It provides hands-on experience to the pilot and the associated flight crews of operating the flights more reliably and securely. Likewise, pilots can practice in several complicated situations that might be faced by them during the time of actual flying.
It serves as an artificial flight environment that is re-designed for both military and commercial purposes as the expense of flying an original aircraft is more costly. These aircraft require safety measures, improved engines, and reliable navigation and transmission systems, and there is no loss of human life also. The growing need for cost-effective pilot training is a crucial factor that is impacting market growth positively. This factor is estimated to increase its adoption in the coming years. One of the significant factors that restrict the growth of the market is the production cost of flight simulators.
However, the primary advantage of using this device is that it can be operated by reducing maintenance of the aircraft, without harming the real aircraft, and also there is no threat to the life of the pilot. Manufacturers are concentrating more on R&D activities to produce a cost-effective and secure solution. Some flight simulators implement Advanced Synthetic Environment (ADS) that offers a realistic environment like the actual war fighting and weapon systems combined with computer models. Furthermore, technological improvements and increasing capabilities of AI is expected to drive the market growth.
North America is expected to be the highest revenue generating region with the largest share of 29.3% of the market in 2020, and this region has the most substantial simulator utilization rate. Soaring demand for air travel, which is the primary reason for the heightened need for pilot training, is anticipated to increase the market growth. Also, the appearance of OEMs in the region is boosting the growth of the market in North America. OEMs in the area are partnering with airlines to ensure their market positions within the region.
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Further key findings from the report suggest
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For the purpose of this study, Reports and Data have segmented the global Flight Simulator Market on the basis of Offering, Application, Simulator Type and region:
Offering Outlook (Volume, Thousand Units; and Revenue, USD Million; 2020-2028)
Application Outlook (Volume, Thousand Units; and Revenue, USD Million; 2020-2028)
Simulator Type Outlook (Volume, Thousand Units; and Revenue, USD Million; 2020-2028)
Regional Outlook (Volume, Thousand Units; and Revenue, USD Million; 2020-2028)
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Table of Content:
Chapter 1. Market Synopsis1.1. Market Definition1.2. Research Scope & Premise1.3. Methodology1.4. Market Estimation TechniqueChapter 2. Executive Summary2.1. Summary Snapshot, 2020-2028Chapter 3. Indicative MetricsChapter 4. Flight Simulator Market Segmentation & Impact Analysis4.1. Flight Simulator Market Material Segmentation Analysis4.2. Industrial Outlook4.2.1. Market indicators analysis4.2.2. Market drivers analysis4.2.2.1. Growing production cost of aircrafts4.2.2.2. Rising need to reduce cost of pilot training4.2.3. Market restraints analysis4.2.3.1. Expensive manufacturing process4.3. Technological Insights4.4. Regulatory Framework4.5. ETOP Analysis4.6. Porter's Five Forces Analysis4.7. Competitive Metric Space Analysis4.8. Price trend Analysis....
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/flight-simulator-market
About us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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