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Contracts and Agreements are Among the Key Strategies Adopted by Leading Market Players to Catalyze Their Growth in the Global Flight Simulator Market
In 2015, the global flight simulator market was dominated by CAE Inc. (Canada), L-3 Communications Holdings, Inc. (U.S.), FlightSafety International Inc. (U.S.), Thales Group (France), and The Boeing Company (U.S.), among others. CAE Inc. (Canada) and FlightSafety International Inc. (U.S.) are expected to continue their dominance till 2021. Contracts, agreements, expansions are among the most important strategies adopted by the leading market players to strengthen and sustain their positions in the global flight simulator market.
CAE Inc. has diversified business and is involved in the development and manufacturing of various simulation products. It offers comprehensive services, such as in-service support and crew sourcing, integrated enterprise solutions, and training & aviation services to enhance both, safety of customers and efficiency of pilot training. CAE not only has a strong product portfolio but also focuses on new agreements, partnerships, and contracts to increase its product offerings and market share. In 2015, the Civil Aviation Training Solutions segment of the company secured contracts to generate future revenues of USD 522.9 million. The company also acquired Lockheed Martin Commercial Flight Training (LMCFT), a provider of aviation simulation training equipment and services, to expand its flight simulator capabilities. In 2015, the company dominated the global flight simulator market with 58% share in commercial simulator market and 19% share in military simulator market.
L-3 Communications Holdings, Inc. (U.S.) focuses majorly on R&D activities, which involve applied research, new product & systems development, and concept studies. Its R&D expenditure was USD 228 million in 2015, and investments in R&D remain a priority for the company. With a lavish product portfolio, the company focuses on forging partnerships with various other companies across regions to represent, promote, and include its products in their respective portfolios. In addition, the company consistently develops and designs new products for end users. It has been receiving contracts since 2013, especially military contracts, which have strengthened its business reach. In January 2016, L-3 Communications received a contract from the U.S. Air Force’s Life Cycle Management Center to build 34 new Predator Mission Aircrew Training System (PMATS) simulators for the U.S. Air Force.
Other companies with prominent contributions to the global flight simulator market include FlightSafety International Inc. (U.S.), Thales Group (France), The Boeing Company (U.S.), and Rockwell Collins, Inc. (U.S.), among others. These companies are focusing on strategies, such as contracts and agreements, to strengthen their competitive positions in the global flight simulator market, with special focus on emerging markets of the world.
Flight Simulator Market by Application (Military, Commercial), by Type of Flight (Fixed Wing, Rotary Wing, Unmanned Aircraft), Military Component (FFS, FMS, FTD), Commercial Component (FFS, FBS, FTD), Geography - Global Forecast to 2021
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