Flight Simulator Market Analysis and Business Insights 2020-2027
Several industries are currently facing huge losses because of the emergence of the COVID-19 pandemic. As the production processes have come to a standstill, there are shortages of products worldwide. But, we will be able to overcome this situation by cooperating with the regulatory bodies. Our reports are specially curated to help you regain business confidence and, thereby generate more sales.
This Report Answers the Following Questions:
- What are the market drivers, dynamics, and obstacles?
- Which companies are set to lead the market in the coming years?
- How will the key companies manage to cope up with the COVID-19 pandemic?
- Would the advanced Flight Simulators help in training crews?
The global flight simulator market is expected to gain momentum from the increasing adoption of virtual reality (VR) and augmented reality (AR) by the airlines to train their cabin crew and flight deck crew.
Will the COVID-19 Pandemic Affect the Market Severely?
- The airline industry is considered to be the main reason behind the rapid spread of coronavirus infection.
- To lower the spread, many countries have halted their rail and air transports.
- The International Air transport Association (IATA) mentioned that an estimated loss of USD 314 billion is set to occur in 2020 in the global airline industry. It refers to the decline of approximately 55% of revenue.
"Key Players Focus on Acquisitions & Facility Openings to Gain Competitive Edge"
The market is fragmented with a large number of renowned companies. They are mainly focusing on mergers and acquisitions, as well as opening new facilities to broaden their geographic footprint and gain more consumer bases.
September 2019: Alpha Aviation Group (AAG) announced the opening of its Simulator Training Center Expansion Project. It is worth USD 11 million and is a part of the AAG academy situated in the Philippines. It would include four additional simulator bays.
January 2018: Airbus SE successfully acquired a privately held flight training center named Strategic Simulation Solutions (SSS). The latter is based in Denver. This new deal would aid Airbus in boosting its profits and broadening its product offerings.
Fortune Business Insights™ presents a list of all the Flight Simulator providers operating in the global market. They are as follows:
- Thales Group (France)
- CAE (Canada)
- Boeing Company (US)
- Collins Aerospace (US)
- FlightSafety International (US)
- L-3 Communications (US)
- Raytheon Company(US)
- Precision Flight Controls (US)
- SIMCOM Aviation Training (US)
- Frasca International (US)
- TRU Simulation + Training (US)
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