CAE Inc. (US), Thales Group (France) and Saab AB (Sweden) are leading players in Simulators Market
A simulator is a system that combines software and hardware to simulate training. The market for simulators includes airborne, land, and maritime platforms, which are used to train commercial and military crew. Training through simulators can be 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 increasing acceptance of virtual pilot training to ensure aviation safety is another significant factor expected to contribute to the growth of the simulators market.
Contracts, partnerships, agreements new product & service launches, mergers and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the Simulators market. In May 2022, Thales acquired RUAG Simulation & Training, which employs 500 people and has annual revenues of USD 93.81 million.
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Major players operating in the Simulators market include CAE Inc. (US), L3Harris Technologies, Inc. (US), Thales Group (France), Saab AB (Sweden), Indra (Spain), Flight Safety International(US), Boeing (US), Collins Aerospace (US), Airbus S.A.S. (Netherlands), Tru Simulaion + Training Inc. (US), Raytheon Company (US), Elite Simulation Solutions (US), Frasca International, Inc. (US), Precision Flight Controls, Inc. (US), Avion Group (Netherlands), Simcom Aviation Training (US), Kongsberg Maritime (Norway), VSTEP Simulation BV (Netherlands), ARI Simulation (India), and ECA Group (France). These key players offer Simulators across different industries, and have well-equipped and strong distribution networks across the North American, European, Asia Pacific, Middle East, and Rest of the World regions.
CAE INC.
CAE Inc. (CAE) is a world leader in simulation and training equipment and services, with 160 manufacturing sites and sales offices in over 35 countries worldwide. It majorly operates through three segments: Civil Aviation Training Solutions, Defense & Security, and Healthcare, and has customers in more than 190 countries across the globe. CAE has a strong presence in the simulators market and, in 2021, acquired the L3Harris Technologies Military Training business. The company has become a significant player in the field of airborne, land commercial, and military platforms
THALES SA
Thales SA is another major player in the simulators market. It has a strong simulators portfolio to cater to the training needs of the defense sector. The company is majorly focused on R&D to develop new products, and to have a competitive advantage over its competitors. The company is also focusing on securing contracts to enhance its customer base and market share across the globe. In March 2019, Thales received a contract from Caverton Helicopters (Nigeria) to provide Reality-H Full Flight Simulator to train the pilots of Caverton Helicopters for the AW139 aircraft platform. This helped the company expand its customer base in Africa.
SAAB AB
Saab AB is a leader in airborne, land, and maritime simulation systems and technologies. The company focuses on strategies such as contracts and new product developments to expand its customer base and product portfolio. In December 2019, it developed a none-line-of-sight military simulator and simulation training solutions to train military personnel. This training solution is integrated with EXCON, an exercise control system for planning, executing, controlling, and evaluating military training exercises through real-time 3D tracking. Thus, it became the first company to integrate conventional live training with virtual training with this simulation training solution.
Related Reports:
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
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