About Simulators
Simulators are devices that enable the operator to have a realistic imitation of the controls and operation of a vehicle, aircraft, or other complex system. These simulators used for training purposes to provide the complex systems in a detailed way and construct theories or hypotheses that account for the observed behavior. For instance, in military training, the simulators are used to train soldiers for the usage of urban combat tactics, deal with emergency situations, and other activities. The growing use of simulators in improving training efficiency, offering advanced capabilities, and increasing operational efficiency has driven the simulators market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.76% |
The simulators market is fragmented and it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Also the increase in investments for simulators by end user industry is expected to drive the demand for the simulators. Analyst at AMA Research estimates that North America and Europe Manufacturers will contribute the maximum growth to Global Simulators market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CAE Inc. (United States), L3Harris Technologies, Inc. (United States), Thales Group (France), Saab AB (Sweden), Indra (Spain), Flight Safety International (United States), Boeing (United States), Collins Aerospace (United States), Airbus S.A.S. (Netherlands), Tru Simulaion + Training Inc. (United States), Raytheon Company (United States), Avion Group (Netherlands), Simcom Aviation Training (United States), Kongsberg Maritime (Norway), VSTEP Simulation BV (Netherlands), ARI Simulation (India) and ECA Group (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Elite Simulation Solutions (United States), Frasca International, Inc. (United States) and Precision Flight Controls, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Simulators market by , Application (Military Training and Commercial Training) and Region.
On the basis of geography, the market of Simulators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. Airborne [Commercial Aircrafts, Military Aircrafts, Unmanned Aerial Vehicles (UAVs)] will boost the Simulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Uses, the sub-segment i.e. Live Training Programs will boost the Simulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Augmented Reality will boost the Simulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Simulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Simulator Type, the sub-segment i.e. Full Flight Simulators will boost the Simulators market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of AI in Simulators
Market Growth Drivers:
Increasing Demand for Pilots in the Aviation Industry, Adoption of Virtual Pilot Training to Ensure Aviation Safety and Saves Pilot Training Costs
Challenges:
Stringent Regulatory Approvals
Restraints:
Simulator Results are Sometimes Hard to Interpret and Lack of Interoperability
Opportunities:
Advances in Simulators for Unmanned Aerial Systems (UAS) and Simulators for Air Accident Investigation
Market Leaders and their expansionary development strategies
In January 2018, Indra acquired a 35.07% stake in Global Training Aviation (GTA) to take advantage of new market trends showing greater demand for training hours over the acquisition of simulators. and In January 2018, Airbus completed the acquisition of Strategic Simulation Solutions (SSS), a privately held flight training center based in Aurora. Terms of the deal were not disclosed.
In November 2019, CAE Inc. manufactured extra simulators for the Boeing 737 Max series as it anticipates high demand for training products once the grounded aircraft resumes flight. CAE had already sold 48 simulators and delivered 19 simulators, and has planned to deliver nine more by the year-end. and In July 2019, L3 Harris Technologies expanded its business by opening a new London Training Centre in Crawley. For this center, the company has invested USD 100 million and will both train airline pilots as well as design, develop and build the company’s state of the art RealitySeven Full Flight Simulators (FFS).
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Simulators Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.