Flight simulators Market value to exceed USD 12.39 billion by 2030|Exclusive Report by Emergen Research
Discover how flight simulator companies are fueling the growth of the flight simulator market with innovative technology and cost-effective solutions
— Emergen Research
VANCOUVER, BC, CANADA, April 19, 2023 /EINPresswire.com/ — Emergen Research has recently published a comprehensive research study titled “Flight Simulator Market is Growing Rapidly”, indicating a rising interest in Flight Simulator research in the year 2023.
The global flight simulator market size reached USD 6.90 Billion in 2021 and is expected to register a revenue CAGR of 6.7% during the forecast period, according to latest analysis by Emergen Research. Consumers growing desire for air travel is a primary factor driving market revenue growth. In addition, rising disposable income and increased air travel affordability among others are all contributing to market revenue growth. India, Indonesia, and other countries are seeing an increase in start-ups connected to enhanced flight simulator systems. This is primarily owing to the increased number of aviation training institutes in these countries. The rising need for qualified pilots in various countries is a major factor driving market revenue growth. For instance, the aviation industry has experienced rapid growth in recent years. This is attributable to a rise in global aviation traffic and tourism activities.
Rapid use of simulators due to worker reskilling is a key factor driving market revenue growth. Many businesses have identified reskilling as a critical concern. As a result, approaches based on tried-and-true learning methodologies and cutting-edge technology have the potential to improve the effectiveness and efficiency of skill training. People are placed in immersive, true-to-life environments where they practice skills acquisition in situations that mimic job conditions. These immersive settings frequently include game components, which increase motivation, attention, and learning. In the aviation business, for instance, pilots use flight simulators because their training necessitates reinforcement, periodic upgrading in new settings, and continual motivation, all of which are byproducts of a good developmental process.
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(The report sample includes a brief introduction to the research report, a table of contents, a graphical presentation of regional analysis, a revenue analysis of the top players in the market, and a detailed explanation of the research methodology.)
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An introduction to the updated report for the year 2030, including a comprehensive overview and in-depth industry analysis.
A 250+ page research report with updated research findings.
Chapter-wise guidance available upon request.
Updated regional analysis for the year 2023, presented with graphical representations of size, share, and trends.
An updated list of tables and figures included in the report.
The updated report includes a list of top market players, along with their business strategy, sales volume, and revenue analysis.
Important information in the market study
The research offers thorough analysis and futuristic insights into the industry in several different regions. See how the most important regional growth drivers and restraints will affect market development and gain a grasp of uncertainty.
In order to understand how the demand across various segments will change over the following few years, evaluate market size statistics and projections. Get a thorough understanding of new market trends and developments to evaluate market prospects.
➛ Learn more about the competition by having access to in-depth data and research on important industry players.
CAE Inc., L3Harris Technologies, Inc., Thales, Saab, Boeing, Airbus, ELITE Simulation Solutions, SIMCOM Aviation Training, Precision Flight Controls, and Avion Group
Flight Simulator Market – Segmentation Assessment
Method Outlook (Revenue, USD Billion; 2019-2030)
Type Outlook (Revenue, USD Billion; 2019-2030)
Flight Training Devices
Full Flight Simulators
Full Mission Flight Simulators
Fixed Base Simulators
Platform Outlook (Revenue, USD Billion; 2019-2030)
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» North America: United States, Canada, and Mexico
» South & Central America: Argentina, Chile, Brazil and Others
» Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
» Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
» Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
High point the Following Key Factors:
Business description: A detailed overview of the company’s operations and business departments.
Company strategy: A summary of the company’s business strategy provided by the analyst.
SWOT analysis: A detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
Company history: A summary of major events related to the company’s progress.
Main products and services: A list of the company’s main products, services, and brands.
Main competitors: A list of the company’s main competitors.
Important locations and subsidiaries: A list of the company’s main locations and subsidiaries with contact information.
Detailed financial ratios of the past five years: Latest financial ratios obtained from the annual financial statements of companies with a history of five years.
The Emergen Research study is expected to provide the following benefits:
Latest industry trends and development scenario for 2023
Identification of powerful market opportunities to help with market sizing
Key decision-making insights for planning and expanding market share
Identification of key business segments, market proposition, and gap analysis
Assistance in allocating marketing investments
Updated methodology from Emergen Research to ensure accurate and reliable findings.
Global Flight Simulator Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Global Flight Simulator Market Dynamics
3.1. Flight Simulator Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Global Flight Simulator Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2020-2030)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
➟ What is the primary factor driving the global Flight Simulator market?
➟ What are the market’s restricting factors?
➟ Who are the major market participants?
➟ Which region has the greatest market share?
➟ What are the most current global Flight Simulator market trends?
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