Simulator Market (By Type: Air Traffic Control (ATC), Full Flight Simulators (FMS), Driving simulators, Vessel Traffic Control(VTC), Flight Training Devices, Full Mission Flight, Fixed Base Simulators, Land Forces Training Simulators, Full Mission Bridge Simulators; By Component: Hardware, Software; By Solution: Products, Services; By Platform: Airborne, Land, Maritime; By Technique: Live, Virtual & Constructive Simulation, Synthetic Environment Simulation, Gaming Simulation) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global simulator market is expected to grow at a CAGR of around 4.6% from 2020 to 2027 and expected to reach the market value of around US$ 30,743.2 Mn by 2027.

The simulator is a device, system or computer program artificially created to provide a realistic imitation of the controls of a vehicle, aircraft or the complex system. These are particularly used in training people such as pilots, astronauts, and military people.

Market Dynamics

The market is gaining pace owing to the growing demand for pilots in the aviation industry and the acceptance of virtual pilot training to ensure aviation safety. The rising need for cost-cutting in pilot training in some economies is driving the market value. Reduction in military budgets of developed economies as well as low budget in some developing and underdeveloped economies is further supporting the market value. The favorable support from regulatory bodies to use the simulators for initial training, as the Simulators provide a realistic experience and safe training is further propelling the market value. Furthermore, the development of simulators for unmanned aerial systems, and for air accident investigation is projected to create potential opportunities over the forecast timeframe.

On the other side, longer product lifecycle and lack of interoperability associated with the simulator is likely to hamper the growth over the estimated period from 2020 to 2027.

By Platform, Airborne segment accounted for the major share in the market

In 2019, the airborne segment accounted for the major share in the stimulators market. The segment is also projected to experience the fastest growth over the forecast period. The complexity and risk involved in aircraft operation before training is supporting the market value. The increasing demand and usage of new aircraft in the military is further supporting the growth over the forecast period.

By type, driving simulators are expected to register fastest growth over the estimated period

The driving simulators segment is expected to experience major CAGR over the forecast period from 2020 to 2027. The driving simulators can be used in cars, trucks, buses, trains & trams, and armored vehicles. The increasing demand for commercial vehicles across the globe is projected to create demand over the estimated period.

The market research study on “Simulator Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Simulator market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Simulator market, its type, component, solution, platform, technique, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Simulator market size and volume, and segment markets by type, component, solution, platform, technique, and geography along with the information on companies operating in the market. The Simulator market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

Asia pacific is the dominating simulator market in 2019

The developing economy and increasing military budget are further supporting the market value. The region is also potential growth due to the increasing number of air travelers is creating demand for more air flights, which is subsequently accelerating the pilot training. Favorable support from regulatory bodies for pilot training is further supporting the market value.

The players profiled in the report include CAE Inc. (US), Collins Aerospace (United Technologies Company), Cubic Corporation, FAAC Incorporated, FlightSafety International (Berkshire Hathaway Inc.), FRASCA International Inc., L3Harris Technologies, Inc. (US), Rheinmetall AG, RUAG Group, Thales Group (France), TRU Simulation+Training Inc. (Textron Inc.) (US), VSTEP Simulation(Netherlands) and others.

Market Segmentation

Market By Type

• Air Traffic Control (ATC)
• Full Flight Simulators (FMS)
• Driving simulators
• Vessel Traffic Control(VTC)
• Flight Training Devices
• Full Mission Flight
• Fixed Base Simulators
• Land Forces Training Simulators
• Full Mission Bridge Simulators

Market By Component

• Hardware
• Software

Market By Solution

• Products
• Services

Market By Platform

• Airborne
• Land
• Maritime

Market By Technique

• Live, Virtual & Constructive Simulation
• Synthetic Environment Simulation
• Gaming Simulation

Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa