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.
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. |
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.
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.
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.
The military aircraft simulation and training market has been segmented on the basis of
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.
The military aircraft simulation and training market has been segmented on the basis of
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.
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