GIA announces the release of a comprehensive global report on Commercial and Military Flight Simulation markets. Global market for Commercial and Military Flight Simulation is projected to reach US$27.7 billion by 2020, driven by rising popularity of virtual training methods, growing need to drive down costs of pilot training, technological developments & product innovations, and introduction of new generation aircraft.
San Jose, California (PRWEB) August 05, 2014
Follow us on LinkedIn – Flight simulation, over the years, has evolved into an integral part of pilot training programs for both civil and military aviation. Given that purchasing an aircraft exclusively for training is expensive, flight simulation which replicates real flight training in a virtual environment has emerged into viable alternative for training pilots. Cash strapped pilot training centers, airline operators, and even the defence sector, are embracing virtual training methods. With the aviation industry warming up to the benefits of virtual pilot training models, there is a huge demand for a range of flight simulation products and services. Pilot turnover, pilot retirement, pilot re-certification and introduction of new aircraft models with advanced capabilities and features are factors encouraging the need for training.
Rising air traffic, increase in new aircraft deliveries, and capacity expansion efforts of airline operators dictate growth patterns for flight simulation products and services in the commercial aviation sector. Growth in the coming years will be particularly led by growing aviation activity in developing markets such as China and India. The gradual economic improvement in the United States and Europe will also benefit demand in the coming years. While flight training services represent a major revenue contributor in the market, future growth will be driven by Flight training devices (FTDs) and full flight simulators (FFS).
In the military and defence aviation sector, demand is primarily reliant on the health of defence spending, new additions to aircraft fleet, modernization initiatives by armed forces, and deployment of advanced aircraft. Growing territorial disputes, external and internal security threats, and subsequent need to empower air force as a defense against enemy attacks will continue to drive demand for aircraft and aircraft pilots, thus driving focus on pilot training and simulation technologies. Commercialization of unmanned aerial vehicles and airplanes will also provide newer business opportunities for flight simulation in the long term. Growing demand for UAVs, particularly in combat environment, and subsequent rise in demand for UAV operators will encourage investments in the procurement of advanced UAV operator simulation and training systems. Flight simulation market in coming years will be driven by technologically advanced simulators, flight training devices with added features, and extensive computer-based training (CBT). Growing need to save on high fuel costs is also driving increased demand for flight simulators.
As stated by the new market research report on Commercial and Military Flight Simulation, Europe represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.3% over the analysis period. Growth in the region is driven by booming aviation sector in countries such as Thailand, Malaysia, Australia, New Zealand, Indonesia, Singapore, China and India. Growth is also driven by rapid economic development, growing security threats, and continuous rise in military spending along with strong political commitment to replace and modernize old aircraft.
Key players covered in the report include Alsim, Atlantis Systems Corp., CAE Inc., Cubic Corporation, Elbit Systems Ltd., ELITE Simulation Solutions, FlightSafety International Inc., Frasca International Inc., HAVELSAN A.S., Lockheed Martin Corporation, L-3 Communications Holdings Inc., Mechtronix Inc., Rockwell Collins, Thales Group, and The Boeing Company, among others.
The research report titled “Commercial and Military Flight Simulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product & service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East and Latin America. Product segments analysed in the report include Commercial Flight Simulation (Commercial FFS, Commercial FTD, Commercial FTS) and Military Flight Simulation (Military FFS, Military FTD, Military FTS).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Commercial_and_Military_Flight_Simulations_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
### Reported by PRWeb 39 minutes ago.
San Jose, California (PRWEB) August 05, 2014
Follow us on LinkedIn – Flight simulation, over the years, has evolved into an integral part of pilot training programs for both civil and military aviation. Given that purchasing an aircraft exclusively for training is expensive, flight simulation which replicates real flight training in a virtual environment has emerged into viable alternative for training pilots. Cash strapped pilot training centers, airline operators, and even the defence sector, are embracing virtual training methods. With the aviation industry warming up to the benefits of virtual pilot training models, there is a huge demand for a range of flight simulation products and services. Pilot turnover, pilot retirement, pilot re-certification and introduction of new aircraft models with advanced capabilities and features are factors encouraging the need for training.
Rising air traffic, increase in new aircraft deliveries, and capacity expansion efforts of airline operators dictate growth patterns for flight simulation products and services in the commercial aviation sector. Growth in the coming years will be particularly led by growing aviation activity in developing markets such as China and India. The gradual economic improvement in the United States and Europe will also benefit demand in the coming years. While flight training services represent a major revenue contributor in the market, future growth will be driven by Flight training devices (FTDs) and full flight simulators (FFS).
In the military and defence aviation sector, demand is primarily reliant on the health of defence spending, new additions to aircraft fleet, modernization initiatives by armed forces, and deployment of advanced aircraft. Growing territorial disputes, external and internal security threats, and subsequent need to empower air force as a defense against enemy attacks will continue to drive demand for aircraft and aircraft pilots, thus driving focus on pilot training and simulation technologies. Commercialization of unmanned aerial vehicles and airplanes will also provide newer business opportunities for flight simulation in the long term. Growing demand for UAVs, particularly in combat environment, and subsequent rise in demand for UAV operators will encourage investments in the procurement of advanced UAV operator simulation and training systems. Flight simulation market in coming years will be driven by technologically advanced simulators, flight training devices with added features, and extensive computer-based training (CBT). Growing need to save on high fuel costs is also driving increased demand for flight simulators.
As stated by the new market research report on Commercial and Military Flight Simulation, Europe represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.3% over the analysis period. Growth in the region is driven by booming aviation sector in countries such as Thailand, Malaysia, Australia, New Zealand, Indonesia, Singapore, China and India. Growth is also driven by rapid economic development, growing security threats, and continuous rise in military spending along with strong political commitment to replace and modernize old aircraft.
Key players covered in the report include Alsim, Atlantis Systems Corp., CAE Inc., Cubic Corporation, Elbit Systems Ltd., ELITE Simulation Solutions, FlightSafety International Inc., Frasca International Inc., HAVELSAN A.S., Lockheed Martin Corporation, L-3 Communications Holdings Inc., Mechtronix Inc., Rockwell Collins, Thales Group, and The Boeing Company, among others.
The research report titled “Commercial and Military Flight Simulation: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product & service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East and Latin America. Product segments analysed in the report include Commercial Flight Simulation (Commercial FFS, Commercial FTD, Commercial FTS) and Military Flight Simulation (Military FFS, Military FTD, Military FTS).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Commercial_and_Military_Flight_Simulations_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
### Reported by PRWeb 39 minutes ago.