DUBLIN--(BUSINESS WIRE)--The "Simulators Market by Type (Full Mission, Containerized, Fixed-Based, Desktop, Console), Technology (Virtual, Constructive, Integrated), Application (Military, Commercial), Vehicle (Airborne, Land, Naval), Component, Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Simulators Market is Estimated at USD 16.62 Billion in 2017 and is Projected to Reach USD 20.99 Billion By 2022, at a CAGR of 4.78% from 2017 to 2022.
Increasing demand for new commercial pilots and adoption of virtual training to ensure safety are factors driving the simulators market
Increasing demand for new commercial pilots, growing adoption of virtual training, and increasing demand for UAVs from the military sector are key factors driving the simulators market.
Based on application, the military segment is estimated to lead the simulators market in 2017. The growth of this segment can be attributed to increased use of simulators for pilot training and military crew training.
Based on technology, the live simulations segment of the simulators market is estimated to lead the simulators market during the forecast period. The adoption of live simulation technology for military training is one of the most significant factors projected to drive the growth of the live simulation segment.
Based on component, the hardware segment of the simulators market is estimated to lead the simulators market in 2017. The increasing adoption of LED and OLED display systems for virtual training purposes is one of the most significant factors projected to drive the growth of the hardware segment.
Based on type, the full mission simulators segment is estimated to lead the simulators market from 2017 to 2022. This growth can be attributed to the increasing adoption of full mission simulators training across airborne, naval, and land applications.
North America is estimated to lead the simulators market in 2017 and is projected to continue its dominance during the forecast period, in terms of market share, as the region has the largest military and commercial aircraft fleets in the world. The simulators market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, owing to the growth in the aviation industry and increase in aircraft deliveries in the region.
Major companies across the globe that provide simulators are CAE (Canada), L-3 Communication (US), FlightSafety (US), Boeing (US), Thales (France), FAAC (US), ECA (France), and Lockheed Martin (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Simulators Market, By Application
8 Simulators Market, By Component
9 Simulators Market, By Type
10 Simulators Market, By Technology
11 Simulators Market, By Vehicle Class
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
- ARI Simulation
- ECA Group
- Faac Incorporated
- Flightsafety International
- Kongsberg Maritime
- L3 Technologies
- Lockheed Martin
- Nautical Simulation
- Tecknotrove Systems
- Vstep Simulation
For more information about this report visit https://www.researchandmarkets.com/research/33h8jf/flight_simulators?w=4