Military Aircraft Simulation and Training Market by Simulator Types (Full Flight Simulator (FFS), Flight Training Devices (FTD), and Others), Aircraft Types (Rotorcraft and Fixed-wing), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028
The global military aircraft simulation and training market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increased demand for trained and qualified pilots to operate aircraft fleet.
Military aerospace simulation and training involves aerospace simulators, training devices, and related services for military. They are procured by government state bodies of countries with strong aviation service as well as military aircraft. The training devices are imitation of aircraft flight, which creates the environment of the flight.
The COVID-19 pandemic is impacted the aerospace industry due to supply chain disruption across the globe. However, the relaxation in the restriction on air travel can positively stimulate the market growth.
Market Trends, Drivers, Restraints and Opportunities
- Rising demand for rotorcraft airplanes and rapid technological advancements in air transportation services are expected to spur the market growth during the forecast period.
- Growing requirement for high-efficiency air transportation aircraft is anticipated to drive the market growth during the forecast period.
- High maintenance & upgradation cost is estimated to restrict the market growth during the forecast period.
- Rising requirement to replace aging fleets and surge in defense spending globally are anticipated to create huge opportunity for the market in the coming years.
Scope of the Report
The report on the global military aircraft simulation and training market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Military Aircraft Simulation and Training Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Simulator Types (Full Flight Simulator (FFS), Flight Training Devices (FTD), and Others) and Aircraft Types (Rotorcraft and Fixed-wing) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
CAE Inc.; Flight Safety International; Thales Group; Lockheed Martin Corporation; and Textron Inc. |
Military Aircraft Simulation and Training Market Segment Insights
Flight training devices (FTD) segment to hold a significant market share
Based on simulator types, the market is divided into full flight simulator (FFS), flight training devices (FTD), and others. The full flight simulator (FFS) segments is anticipated to hold a key share of the market in the coming years due to improvement in navigation skills, recreation of tricky conditions, and maintenance of proficiency. However, the flight training devices (FTD) segment is anticipated to expand at a rapid pace during the forecast period.
Fixed-wing segment is expected to grow at a rapid pace
On the basis of aircraft types, the market is divided into rotorcraft and fixed-wing. The rotorcraft segment is expected to represent a key share of the market in the upcoming years due to increasing number of rescue operations. On the other hand, the fixed-wing segment is anticipated to expand at a rapid pace during the forecast period due to their ability to cover great distance. Moreover, increasing air travel is estimated to drive the segment growth.
North America is estimated to account a major market share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to the increasing armed forces of the country, which are procuring several newer generation military vehicles across the land, air, and sea-based platforms. However, the market in Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to rapid growth in the military aircraft market. Moreover, other countries are investing in the integration of the latest technologies to improve the effectiveness of the training in the region.
Segments
The military aircraft simulation and training market has been segmented on the basis of
Simulator Types
- Full Flight Simulator (FFS)
- Flight Training Devices (FTD)
- Others
Aircraft Types
- Rotorcraft
- Fixed-Wing
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- CAE Inc.
- Flight Safety International
- Thales Group
- Lockheed Martin Corporation
- Textron Inc.
Competitive Landscape
Key players competing in the military aircraft simulation and training market includes CAE Inc.; Flight Safety International; Thales Group; Lockheed Martin Corporation; and Textron Inc.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Aircraft Simulation and Training Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Aircraft Simulation and Training Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Aircraft Simulation and Training Market - Supply Chain
4.5. Global Military Aircraft Simulation and Training Market Forecast
4.5.1. Military Aircraft Simulation and Training Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Aircraft Simulation and Training Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Military Aircraft Simulation and Training Market Absolute $ Opportunity
5. Global Military Aircraft Simulation and Training Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Military Aircraft Simulation and Training Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
6. North America Military Aircraft Simulation and Training Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Military Aircraft Simulation and Training Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
7. Latin America Military Aircraft Simulation and Training Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Military Aircraft Simulation and Training Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
8. Europe Military Aircraft Simulation and Training Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Military Aircraft Simulation and Training Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
9. Asia Pacific Military Aircraft Simulation and Training Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Military Aircraft Simulation and Training Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
10. Middle East & Africa Military Aircraft Simulation and Training Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Military Aircraft Simulation and Training Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Military Aircraft Simulation and Training Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Military Aircraft Simulation and Training Market: Market Share Analysis
11.2. Military Aircraft Simulation and Training Distributors and Customers
11.3. Military Aircraft Simulation and Training Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. CAE Inc.
11.4.2. Flight Safety International
11.4.3. Thales Group
11.4.4. Lockheed Martin Corporation
11.4.5. Textron Inc.
The military aircraft simulation and training market has been segmented on the basis of
Simulator Types
- Full Flight Simulator (FFS)
- Flight Training Devices (FTD)
- Others
Aircraft Types
- Rotorcraft
- Fixed-Wing
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- CAE Inc.
- Flight Safety International
- Thales Group
- Lockheed Martin Corporation
- Textron Inc.
Key players competing in the military aircraft simulation and training market includes CAE Inc.; Flight Safety International; Thales Group; Lockheed Martin Corporation; and Textron Inc.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
Our Clients
Related Reports
Some other reports from this category!
