North America held the lion’s share in the Global Flight Simulator MarketPosted by kishore on February 21st, 2020 The market size of flight simulators at a global level is estimated at USD 5.7 billion in 2019 and predicted to worth USD 7.7 billion by 2025, at a CAGR of 5.2% during the forecast period.Flight Simulators are devices that can simulate the feelings of an airplane. These devices are a cost-effective alternative for live flight training. Because of the benefits of these simulators in military batches like army, navy & air-force and their wide range of applications virtual emergency evacuation, virtual military training, and virtual firefighting systems, this solution has received a considerable amount of attention. Recent developments • CAE and JetBlue Airways(US) has produced two CAE 500XR flight training devices and two Airbus A220-300 CAE7000XR series full flight simulator in their partnership, which has strengthened the customer base relationship with the flight simulators market. • LeTourneau University’s College of Aviation and Aeronautical Science has bought two new 2018 flight simulators from Frasca International, and it now has nine simulators under its training center. These simulators have three screens which can make students simulate the view from outside the airplane, and the controls & software replicate inside an aircraft. Market drivers and restraints The factor of inexpensiveness and safety while using them for training, the increase in the number of aircraft, and the demand for new pilots are the reasons for the adoption of these simulators in the training industry, which is fuelling the growth of the flight simulator market. The rise in the adoption of the latest technological advancements in these flight simulators is making the simulation training teach the awareness of safety and increase the skills is the other factor that is driving the market growth. The stringent licensing process and complexities involved in the process of acquiring one and the high costs of these simulators and trainers are the significant challenges that the global flight simulator market is facing. To view full report click here https://www.marketdataforecast.com/market-reports/flight-simulator-market Report Segmented as On the basis of Platform, the flight simulator market has been segmented as follows:
On the basis of Solution, the flight simulator market has been segmented as follows:
On the basis of Type, the flight simulators market has been segmented as follows:
Geographical Analysis
In the regional segmentation of Flight Simulator Market, North America has acquired a huge margin of the market share due to the increased focus on military services' improvement and the effective training procedures promotion. But Europe and Asia-Pacific are estimated to record the highest CAGR during the forecast period. Key market players
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