22 November 2019
Visiongain has published a new Aviation report entitled, Civil Aviation Flight Simulation & Simulation Training, 2020-2030.
The Flight and Training Simulation market is estimated to witness a Compound Annual Growth Rate of 3.69 per cent from 2020 to 2030.
There are several factors that are having a driving effect on the market, including advancements in simulation technology, partnerships between industry stakeholders, and upgrades to simulator systems, commercial airliners, and pilot training centres.
Visiongain anticipates that global investment and consolidation will be modest over the next decade. The market’s stable growth is due to the factors listed above as well as the presence of many established companies, such as Airbus, Boeing, Bombardier, CAE, Leonardo, Indra Sistemas, Thales Group, TRU Simulation + Training, and United Technologies Corporation.
The Senior Aviation Analyst said: "Data has suggested that there has been a recent surge in new passenger aircraft orders. This trend is expected to be more pronounced over the next twenty years, leading to an augmented demand for airline executives and pilots.
"Visiongain expects the Civil Aviation Flight Simulation and Simulation Training industry to generate sales of USD 7.28 billion in 2020 and estimates that global investment will increase somewhat markedly over the next decade.
"The Asia-Pacific regional sector will experience the most significant demand for flight simulation and training devices, whereas legacy markets will most likely showcase only moderate acceleration.
"Further, the opening of several new pilot training centres and academies around the world will also prove beneficial and be a decisive driving factor for this critical aviation industry.
"Indeed, by 2030, the Civil Flight and Training Simulation market will have surpassed the 10 billion-dollar mark, achieving a total sales figure of USD 10.46 billion."
Note for Editors
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