The Flight simulator market is estimated to grow at a CAGR 4.16% rate from 2021 to 2026. Increasing demand for new commercial and military pilots, adoption of virtual flight training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the market.
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The services segment is projected to grow at the highest CAGR during the forecast period Growth of this segment is attributed to the increase in the maintenance cost of flight simulators. These are used for both, primary and regular training. Also, the repaid upgradation in simulation technology and its applications and rise in the demand for hardware and software upgradation services from the flight training market is driving the growth of services segment.
The prominent players in the global Flight Simulator Market are CAE (Canada), Boeing Company (US), Collins Aerospace (US), FlightSafety International (US), L-3 Communications (US), Raytheon Company(US), Precision Flight Controls (US), SIMCOM Aviation Training (US), Frasca International (US), and TRU Simulation + Training (US), Airbus Group (Netherlands), Indra Sistemas (Spain), and Thales Group (France).
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