“Rise in passenger air travel is anticipated to spur flight simulators demand”
By 2024 the global flight simulator market is expected to reach $5.62 billion. Training programs that are critical mission based offer improved operation of aircraft, visual systems and helps in cutting down operational costs to offer experience of real world, act as major benefits of the system and are expected to open up newer market spaces over few years from now. The rightful importance that aircraft safety is experiencing is also one of the reasons for need of training to boost-up over 8 years. Recent developments in the field such as ECAM displays and aircraft logic which is realistic have significantly led to increase in usage of flight simulators.
Know Detail Research Study @ https://www.millioninsights.com/industry-reports/flight-simulator-market
“FFS expected to witness substantial growth over the next eight years”
The two major segments of the industry are fixed flight training devices (FTDs) and full flight simulator (FFS) which accounts for 85% of the total revenue in 2015. High technical flight simulators that offer reliability and higher fidelity characterise the FFS. Accurate simulation is achieved by FFS in the environment that it works. Realistic training experience is created by FFS devices creating sound, motion and other visuals along with all other flight operations.
FTDs have limited visual display. The sole purpose of these devices is to impart the knowledge of indicators and switches on the console. Low cost both for operations and purchasing is the only reason these devices find their way in the market.
“Asia Pacific emerged as the fastest growing in 2015”
25% of the total revenue in 2015 came from the region of North America and is also expected to rise due to significant growth caused by advancements in technology which has increased the adoption rate of the technology by the manufacturers. Also the strict regulations enforced by Federal Aviation Administration (FAA) which emphasise on use of simulators for training may boost the growth rate regionally.
High growth over the forecast period is anticipated from the region of Asia Pacific due to ever increasing demands of the devices in the nations particularly such as India and China. Entry of Chinese manufacturers in 2015 may also add up to the growth rate. On the contrary, North America will face a slower growth over the period 2016-2024, due to changes in the air safety policies along with more strict standards by FAA in the US.
“CAE accounted for more than 40% of the global market”
Lockheed Martin, CAE, Alenia Aeronautica, Boieng, Cassidian, HAVELSAN, Kratos Defense, HAVELSAN, L-3 Link Simulation and Training and Rockwell Collins are the major companies offering this product. Manufacturers prefer contracting the subcontractors and suppliers with prices and quantities and delivery timeframes for longer durations. Mergers and acquisitions are undertaken as a part of strategy by firms to make an impact with their presence.
Sample Copy To Get Overview of Flight Simulator Industry @ https://www.millioninsights.com/industry-reports/flight-simulator-market/request-sample