Simulators Market

Simulators Market by Application (Commercial Training, Military Training), Solution (products, Services), Platform (Airborne, Land, Maritime), Technique (Live, Virtual & Constructive, Synthetic Environment, Gaming), Type, Region - Global Forecast to 2027

Report Code: AS 6018 Jun, 2022, by marketsandmarkets.com

[280 Pages Report] A simulator is a system that combines software and hardware to simulate training. The market for simulators includes the airborne, land, and maritime platforms used to train commercial and military crew members. Training through simulators is provided via three techniques: live, virtual & constructive simulation, synthetic environment simulation, and gaming simulation. The Simulators market size is projected to grow from USD 25.5 billion in 2022 to USD 34.9 billion by 2027, at a CAGR of 6.5% from 2022 to 2027. The need to train pilots to cater to the increase in air travel is fueling the demand for flight simulators. Training pilots via simulators enables them to handle various flight operations while eliminating the risks that could otherwise be involved. The increasing acceptance of virtual pilot training to ensure aviation safety is another significant factor expected to contribute to the growth of the simulators market.

Simulators Market

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Simulators Market Dynamics:

Driver: Growing demand for pilots in aviation industry

According to the Boeing Pilot Outlook 2021, around 612,000 new commercial pilots will be required to manage and fly the global commercial fleet over the next two decades, mostly in the Asia Pacific and the Middle East regions. The growing middle-class population and the increase in trade, tourism, and disposable income in economies such as India, China, and the UAE have increased the need for aircraft and, thereby, pilots.

Mature markets such as North America and Europe are seeing a gradual revival in demand for pilots due to recruitment initiatives by legacy carriers. Pilots not only require extensive training to handle aircraft operations under unusual situations but also need to obtain adequate knowledge about new features in aircraft. Using flight simulators to train pilots avoids damage to expensive aircraft while ensuring the public's safety.

The aviation industry faces a shortage of skilled pilots and thus requires recruitment. These recruited pilots need training, which, in turn, leads to increased demand for simulators. Various airlines and pilot training institutes are being established to offer training courses for pilots, which is another factor expected to drive the demand for simulators..

Restraint: Longer product lifecycle

According to CAE, Inc., the leading manufacturer and supplier of simulators globally, the average lifecycle of a full flight simulator is almost 25 years. However, this lifecycle can easily be extended by software and hardware upgrades. As civil and military aircraft are updated, simulator software is upgraded and modified to provide a more realistic training experience. Periodic modifications to simulator systems to elongate their lifecycle and provide training on the latest aircraft models is the major factor restraining the market's growth.

Opportunity: Development of simulators for unmanned aerial systems

The increasing demand for unmanned systems for defense and commercial applications is expected to drive the demand for simulators. Companies such as AEgis Technologies Group (US) and Havelsan Inc. (US) are introducing highly sophisticated unmanned simulators independent of hardware configurations to simulate any unmanned aerial system (UAS) with the help of any sensor operator and payload suite. These simulators can create a virtual battlefield in real-time, enabling ab-initio training, basic payload and flight operations, mission rehearsal, and mission planning. These simulators, however, need to be cost-effective, capable of precise simulation of flight dynamics, have an error-tolerant control system design, and multi-vehicle simulation with interoperability.

Challenge: Minimization of weight and size to maintain advanced features

Simulator products and solutions find applications in various systems for different combat operations. Soldiers also use these military simulator products during critical missions to gain an advantage over their enemies. However, heavy batteries increase the weight of products, hampering the soldier's performance.

Reducing the size of military simulators is also difficult, owing to the requirement for several components to perform vital functions. The complexity of reducing the size and weight is expected to make the manufacturing process more expensive. Industry players must install sophisticated machinery and invest in R&D activities to increase device efficiency. Trying to minimize devices' associated weight and size while maintaining their advanced features may create a barrier to the market's growth.

Simulators Market Ecosystem

Prominent companies and start-ups that provide simulators and their services, distributors/ suppliers/ retailers, and end customers are the key stakeholders in the simulators market ecosystem. Investors, funders, academic researchers, distributors, service providers, and industries serve as the major influencers in the market.

Simulators Market by Region

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The air traffic control simulators segments projected to register highest growth rate during forecast period

Based on type, the air traffic control simulators segment is projected to register the highest growth rate during the forecast period. Air traffic control towers house major equipment, resulting in the highest growth rate for the air traffic control simulators segment. Regions such as North America and Europe are also focusing on the modernization of equipment to improve the efficiency of their air traffic, thereby contributing to the growth of the aforementioned segment.

The maritime segment projected to lead simulators market during forecast period

Based on platform, the maritime segment is projected to lead the simulators market during the forecast period. This segment has been further segmented into military, commercial, and unmanned maritime vehicles. There is a huge demand for new ships, owing to the rise in seaborne trade across the globe. The deployment of new ships will lead to a requirement for new ship crew members, in turn, fueling the demand for simulators to train them.

Asia Pacific is expected to account for the largest share in 2021

Asia Pacific accounted for the largest market share in 2021, and North America is projected to witness the highest CAGR during the forecast period. Improving lifestyles, an expanding number of metro cities and a continually growing population have all contributed to the increased manufacturing and sales of passenger automobiles in the Asia Pacific region. A few Asia Pacific countries, such as Japan and South Korea, have safety rules in place, and the demand for passenger vehicles in these countries is expected to expand over the next five years. With rising population and car demand, China, South Korea, India, and Japan are expected to implement stringent vehicle and road safety laws. Factors such as limited infrastructure and a growing number of road accidents are projected to increase the demand for skilled drivers, subsequently increasing the need for training simulators.

Simulators Market by Region

Key Market Players

The key market players in the simulators market are CAE Inc. (Canada), L3Harris Technologies, Inc. (US), Thales SA (France), Saab AB (Sweden), Indra (Spain), Flight Safety International(US), The Boeing Company (US), Airbus S.A.S. (Netherlands), Tru Simulaion + Training Inc. (US), and Raytheon Company (US).

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Scope of the Report

Report Metric

Details

Market size available for years

2019-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million/ Billion)

Segments covered

By Type, Platform, Technique, Application, Solution and By Region

Geographies covered

North America, Asia Pacific, Europe, the Middle East, and Rest of the World

Companies covered

CAE Inc. (Canada), L3Harris Technologies, Inc. (US), Thales SA (France), Saab AB (Sweden), Indra (Spain), Flight Safety International(US), The Boeing Company (US), and among others

This research report categorizes the Simulators Market based on Type, Platform, Technique, Application, Solution and Region

Simulators Market, By Platform

  • Airborne
  • Land
  • Maritime

Simulators Market, By Type

  • Full Mission Bridge Simulators
  • Full Flight Simulators
  • Driving Simulators
  • Fixed Base Simulators
  • Flight Training Devices
  • Vessel Traffic Control Simulators
  • Land Forces Training Simulators
  • Full Mission Flight Simulators
  • Air Traffic Control Simulators

Simulators Market, By Solution

  • Products
  • Services

Simulators Market, By Technique

  • Live, Virtual, & Constructive (LVC) Simulation
  • Synthetic Environment Simulation
  • Gaming Simulation

Simulators Market, By Application

Simulators Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Rest of the World

Recent Developments

  • In May 2022, Thales acquired RUAG Simulation & Training, which employs 500 people and has annual revenues of USD 93.81 million.
  • In February 2022, Kongsberg Digital (KDI), a division of Kongsberg Gruppen, was awarded a major contract to provide a wide variety of marine simulator systems to the South Metropolitan TAFE (Technical and Further Education) college in Fremantle, Western Australia.
  • In March 2019, CAE entered into a five-year agreement with AirAsia (Malaysia) to provide CAE Rise, a full flight simulator for initial training of AirAsia’s pilots. This helped the company in expanding its customer base in Malaysia.
  • In March 2019, Thales received a contract from Caverton Helicopters (Africa) to provide Thales’ Reality-H Full Flight Simulator to train the pilots of Caverton Helicopters for the AW139 aircraft platform. This helped the company in expanding its customer base in Africa.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION
     1.1 OBJECTIVES OF THE STUDY
     1.2 MARKET DEFINITION
     1.3 MARKET SCOPE
            1.3.1 REGIONAL SCOPE
            1.3.2 YEARS CONSIDERED FOR THE STUDY
     1.4 CURRENCY
     1.5 MARKET STAKEHOLDERS
     1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY
     2.1 RESEARCH DATA
            2.1.1 SECONDARY DATA
                     2.1.1.1 Key data from secondary sources
            2.1.2 PRIMARY DATA
                     2.1.2.1 Key data from primary sources
                     2.1.2.2 Breakdown of primaries
     2.2 MARKET SIZE ESTIMATION
            2.2.1 BOTTOM-UP APPROACH
            2.2.2 TOP-DOWN APPROACH
     2.3 DATA TRIANGULATION
     2.4 RESEARCH ASSUMPTIONS
     2.5 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW
     5.1 INTRODUCTION
     5.2 MARKET DYNAMICS
            5.2.1 DRIVERS
            5.2.2 RESTRAINTS
            5.2.3 OPPORTUNITIES
            5.2.4 CHALLENGES
     5.3 VALUE CHAIN ANALYSIS
     5.4 TRENDS/DISRUPTION IMPACTING CUSTOMERS BUSINESS
     5.5 PRICING ANALYSIS
     5.6 USECASE ANALYSIS
     5.7 TRADE ANALYSIS
     5.8 SIMULATORS MARKET ECOSYSTEM
     5.9 TARIFF AND REGULATORY LANDSCAPE
     5.10 RANGES & SCENARIOS
     5.11 PORTER’S FIVE FORCES ANALYSIS
     5.12 TECHNOLOGICAL ANALYSIS
     5.13 KEY CONFERENCES & EVENTS IN 2022-2023 ANALYSIS
     5.14 KEY STAKEHOLDERS & BUYING CRITERIA

6 INDUSTRY TRENDS
     6.1 INTRODUCTION
     6.2 TECHNOLOGY TRENDS
     6.3 PATENT ANALYSIS

7 SIMULATORS MARKET, BY SOLUTION
     7.1 INTRODUCTION
     7.2 PRODUCTS
            7.2.1 HARDWARE
            7.2.2 SOFTWARE
     7.3 SERVICES
            7.3.1 HARDWARE UPGRADES
            7.3.2 SOFTWARE UPGRADES
            7.3.3 MAINTENANCE & SUPPORT

8 SIMULATORS MARKET, BY PLATFORM
     8.1 INTRODUCTION
     8.2 AIRBORNE
            8.2.1 COMMERCIAL
                     8.2.1.1 Narrow body aircraft (NBA)
                     8.2.1.2 Wide body aircraft (WBA)
                     8.2.1.3 Extra wide body (EWB)
                     8.2.1.4 Regional transport aircraft (RTA)
            8.2.2 MILITARY
                     8.2.2.1 Helicopters
                     8.2.2.2 Combat aircraft
                     8.2.2.3 Training aircraft
                     8.2.2.4 Transport aircraft
            8.2.3 UAVS
     8.3 LAND
            8.3.1 COMMERCIAL
                     8.3.1.1 Trucks
                     8.3.1.2 Buses
                     8.3.1.3 Trains & trams
                     8.3.1.4 Cars
                     8.3.1.5 Airports
            8.3.2 MILITARY
                     8.3.2.1 Reconnaissance vehicles
                     8.3.2.2 Infantry carrier vehicles
                     8.3.2.3 Tanks
                     8.3.2.4 Infantry weapons
            8.3.3 UGVS
     8.4 MARITIME
            8.4.1 COMMERCIAL
                     8.4.1.1 Bulk carriers
                     8.4.1.2 Container ships
                     8.4.1.3 Fishing vessels
                     8.4.1.4 Rescue boats
                     8.4.1.5 Passenger cruises
                     8.4.1.6 Ports
            8.4.2 MILITARY
                     8.4.2.1 Frigates
                     8.4.2.2 Submarines
                     8.4.2.3 Corvettes
                     8.4.2.4 Destroyers
                     8.4.2.5 Amphibious assault ships
            8.4.3 UMVS

9 SIMULATORS MARKET, BY TYPE
     9.1 INTRODUCTION
     9.2 FLIGHT TRAINING DEVICES
     9.3 FULL FLIGHT SIMULATORS
     9.4 FULL MISSION FLIGHT SIMULATORS
     9.5 FIXED BASE SIMULATORS
     9.6 AIR TRAFFIC CONTROL SIMULATORS
     9.7 DRIVING SIMULATORS
     9.8 LAND FORCE TRAINING SIMULATORS
     9.9 FULL MISSION BRIDGE SIMULATORS
     9.10 VESSEL TRAFFIC CONTROL SIMULATORS

10 SIMULATORS MARKET, BY APPLICATION
      10.1 INTRODUCTION
      10.2 COMMERCIAL TRAINING
      10.3 MILITARY TRAINING

11 SIMULATORS MARKET, BY TECHNIQUE
      11.1 INTRODUCTION
      11.2 LIVE, VIRTUAL & CONSTRUCTIVE (LVC) SIMULATION
      11.3 SYNTHETIC ENVIRONMENT SIMULATION
      11.4 GAMING SIMULATION

12 REGIONAL ANALYSIS
      12.1 INTRODUCTION
      12.2 REGIONAL CONTRACT MAPPING FOR THE SIMULATORS MARKET
      12.3 NORTH AMERICA
              12.3.1 US
              12.3.2 CANADA
      12.4 EUROPE
              12.4.1 UK
              12.4.2 FRANCE
              12.4.3 GERMANY
              12.4.4 ITALY
              12.4.5 RUSSIA
              12.4.6 SWEDEN
              12.4.7 REST OF EUROPE
      12.5 ASIA PACIFIC
              12.5.1 CHINA
              12.5.2 JAPAN
              12.5.3 INDIA
              12.5.4 SOUTH KOREA
              12.5.5 AUSTRALIA
              12.5.6 REST OF APAC
      12.6 MIDDLE EAST & AFRICA
              12.6.1 SAUDI ARABIA
              12.6.2 ISRAEL
              12.6.3 TURKEY
              12.6.4 UAE
              12.6.5 SOUTH AFRICA
              12.6.6 REST OF MIDDLE EAST & AFRICA
      12.7 LATIN AMERICA
              12.7.1 BRAZIL
              12.7.2 MEXICO

13 COMPETITIVE LANDSCAPE
      13.1 INTRODUCTION
      13.2 COMPETITIVE ANALYSIS
      13.3 MARKET RANKING ANALYSIS
      13.4 BRAND ANALYSIS
      13.5 COMPANY EVALUATION QUADRANT
              13.5.1 STAR
              13.5.2 EMERGING LEADERS
              13.5.3 PERVASIVE
              13.5.4 PARTICIPANT
              13.5.5 COMPETITIVE BENCHMARKING
      13.6 START-UP/SME EVELUATION QUADRANT
              13.6.1 PROGRESIVE COMPANIES
              13.6.2 RESPONSIVE COMPANIES
              13.6.3 STARTING BLOCKS
              13.6.4 DYNAMIC COMPANIES
      13.7 COMPETITIVE SCENARIO
              13.7.1 CONTRACTS
              13.7.2 NEW PRODUCT LAUNCHES
              13.7.3 AGREEMENTS, ACQUISITIONS, COLLABORATIONS, PARTNERSHIPS, AND JOINT VENTURES
              13.7.4 OTHERS

14 COMPANY PROFILES
      14.1 KEY PROFILES
              14.1.1 CAE INC.
              14.1.2 SAAB AB
              14.1.3 RAYTHEON TECHNOLOGIES
              14.1.4 ST ENGINEERING
              14.1.5 TRU SIMULATION  +TRAINING INC.
              14.1.6 THALES SA
              14.1.7 RHEINMETALL AG
              14.1.8 FLIGHTSAFETY INTERNATIONAL
              14.1.9 L3HARRIS TECHNOLOGIES.
              14.1.10 INDRA SISTEMAS SA
              14.1.11 FRASCA INTERNATIONAL, INC.
              14.1.12 THE BOEING COMPANY.
              14.1.13 ECA GROUP
              14.1.14 KONGSBERG MARITIME
              14.1.15 AIRBUS S.A.S
              14.1.16 ELITE SIMULATION SOLUTIONS
              14.1.17 SIMCOM AVIATION TRAINING
      14.2 KEY PROFILES
              14.2.1 VIRTRA.
              14.2.2 ARI SIMULATION
              14.2.3 VSTEP BV
              14.2.4 AVION GROUP
              14.2.5 PRECISION FLIGHT CONTROLS, INC.
              14.2.6 BOHEMIA INTERACTIVE SIMULATIONS
              14.2.7 AVT SIMULATION
              14.2.8 OKTAL SYDAC

15 APPENDIX
      15.1 DISCUSSION GUIDE
      15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
      15.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
      15.4 AVAILABLE CUSTOMIZATION
      15.5 RELATED REPORTS
      15.6 AUTHOR DETAILS

The study involved four major activities in estimating the current market size for the simulators market. Exhaustive secondary research was carried out to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg, BusinessWeek, and different magazines were referred to identify and collect information for this study. Secondary sources also included annual reports, press releases & investor presentations of companies, certified publications, articles by recognized authors, and simulators databases.

Primary Research

The simulators market comprises several stakeholders, such as software and hardware providers, airborne, land and maritime simulator manufacturers and suppliers, and regulatory organizations in the supply chain. The demand side of this market is characterized by various end users, such as hardware manufacturers as well as facility providers and OEMs. The supply side is characterized by technological advancements in simulators. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Simulators Market  Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the simulators market. These methods were also used extensively to estimate the size of various subsegments of the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market size estimation methodology: Bottom-up approach

Simulators Market  Size, and Share

Market size estimation methodology: Top-down approach

Simulators Market  Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides of the simulators market in the aviation industry.

Report Objectives

  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the simulators market
  • To analyze the impact of macro and micro indicators on the market
  • To forecast the market size of segments for five regions, namely, North America, Europe, Asia Pacific, the Middle East, and the Rest of the World, along with major countries in each of these regions
  • To strategically analyze micromarkets with respect to individual technological trends, prospects, and their contribution to the overall market
  • To strategically profile key market players and comprehensively analyze their market ranking and core competencies
  • To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies, such as contracts, agreements, partnerships, expansions, and new product developments
  • To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Simulators Market Size,  Share & Growth Report
Report Code
AS 6018
Published ON
Jun, 2022
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