Global Simulators Market Report, published by Variant Market Research, forecast that the global aerospace robotics market size is expected to reach $25.99 Billion by 2025. In this report, the global aerospace robotics market forecast says that the market is growing at a CAGR of 5.9% from 2017 to 2025. By geography, Asia-Pacific is expected to grow at the fastest CAGR during the forecast period. Simulators can be used for training purpose of both commercial and military pilots without using any real aircrafts but sophisticated computer systems designed to offer a realistic representation of the controls & operation of military vehicles, aircraft, or submarines. These are used in several contexts, like simulation of technology for testing, safety engineering, education, video games, and performance optimization. The increasing need to train new pilots around the globe is the key factor which drives the growth of the global simulators market over the forecast period.
Simulators Market (By Type: Flight Training Devices, Full Mission Simulators, Full Flight Simulators, Fixed-Based Simulators, Containerized Simulators, Desktop Simulators, Fixed Facility Simulators, and Other Types; By Technology: Virtual Simulation, Live Simulation, Constructive Simulation, Integrated Training Environment, and Gaming Simulation; By Component: Hardware, and Software; By Vehicle Class: Naval, Airborne, and Land; By Application: Commercial, and Military; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Need for new military pilot fuels the global simulator market
Increased demand for new military pilots, need of training to ensure aviation safety, and the need for cost-cutting of pilot training are the major simulator market trend. However, lack of interoperability and high complexity of simulator systems may hamper the simulators market growth. Moreover, technological advancements in the field of simulators create future opportunities for the market.
Type, technology, component, vehicle class, application, and geography are the classification of the global simulator market. Flight training devices, full mission simulators, full flight simulators, fixed-based simulators, containerized simulators, desktop simulators, fixed facility simulators, and other types are covered under the type segment. Technology is further sub segmented into virtual simulation, live simulation, constructive simulation, integrated training environment, and gaming simulation. By component, the market is bifurcated as hardware, and software. Vehicle class comprises naval, airborne, and land. Application is further sub segmented into commercial, and military.
Furthermore by geography, global simulator market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW) North America is further split in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, Russia, France, Italy, and Rest of Europe. Asia-Pacific is segmented into China, India, South Korea, Japan and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
Containerized simulators, by type is expected to grow with fastest CAGR during the forecast period
On the basis of type, containerized simulators segment is likely to achieve the fastest CAGR over the forecast period 2017 – 2025. The high growth is credited to the increasing demand for simulator training in the shipping industry. Moreover, strong growth in international trade & tourism and crude oil exploration activities has also led to fuel the containerized simulators segment.
Integrated training environment, by technology is likely to grow with fastest CAGR
Integrated training environment within the technology segment is anticipated to achieve the fastest CAGR throughout the forecast period. Increasing implementation of integrated training environment to train military personnel and pilots across airborne, naval, and land vehicles have also supported the segment to grow.
The military segment, by application dominates the global flight simulator market with highest simulators market share
Military segment is expected to continue its dominance over the next coming years too, though the commercial segment is expected to grow at a higher CAGR during the forecast period. The demand for military simulators is mainly fueled by their usage in armed forces training. Rising demand for commercial and military pilots tends to drive the commercial simulator market.
Asia-Pacific is expected to be the fastest growing market during the forecast period
Geographically, Asia-Pacific is likely to attain the fastest CAGR throughout the forecast period, driven by factors such as growth in the aviation industry and increase in aircraft deliveries in the region.
The key players operating in the market are Lockheed Martin, CAE Inc., Thales Group, L3 Technologies, Boeing, FlightSafety International Inc., ECA GROUP, FAAC Group, Rockwell Collins, Inc., Mobica Ltd., among others.