Japan, Japan, Thu, 07 Apr 2022 00:36:50 / Comserve Inc. / -- The civil aviation flight training and simulation market is anticipated to reach a CAGR of over 3.5% during the forecast period.
The civil aviation flight training and simulation market is anticipated to reach a CAGR of over 3.5% during the forecast period. The growth of the civil aviation flight training and simulation market goes hand-in-hand with the global aviation market.
- The need for new aircraft, along with the need for trained pilots in the aviation industry, to cater to the increasing passenger traffic around the world, is a major reason for the growth of the market studied.
- The limitations of simulations, along with the high costs involved with the flight simulations, are expected to hamper the market growth during the forecast period.
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Key Market Trends
Fixed-wing Aircraft segment dominated the Civil Aviation Flight Training and Simulation Market in 2019
By aircraft type, the market is segmented into a fixed-wing and rotorcraft. The fixed-wing segment had the largest market share in 2019, and it is expected to dominate the market throughout the forecast period. According to IATA, over the next decade, passenger trips are expected to grow by 4.2% annually. Increasing air passenger traffic has forced airlines to expand their fleet size, which has increased the procurement of new aircraft. Moreover, rising concern over aviation emission has also shifted the focus toward new aircraft models that are fuel-efficient. Some of the new commercial aircraft models introduced since 2012 are, A350XWB, A320neo, A220, and Embraer E2 family jets. The introduction of the new aircraft model generates the need for pilots trained on that particular aircraft, which, in turn, generates the demand for new fixed wing simulators. Due to the introduction of such new aircraft, along with the requirement of trained pilots by commercial airlines, this segment of the market is expected to grow steadily over the forecast period.
Asia-Pacific will experience the fastest growth during the forecast period
The Asia-Pacific region of the market had the largest market share in 2019, and it is expected to register the highest CAGR during the forecast period. This region is witnessing tremendous growth in passenger traffic over years. According to IATA, China is expected to replace the United States as the world's largest aviation market by 2024, while India is anticipated to displace the United Kingdom for third place by 2025. Although the region is witnessing an impressive growth, in terms of the aviation industry, the number of pilots catering to the growing demand of the aviation industry is not enough. To fill the gap between the aviation industry's required personnel and pilots, various flight simulators and crew training services and equipment are being procured by countries to better equip pilots and crew with the necessary skills required to fly and operate an aircraft.
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The civil aviation flight simulation and training market is moderately fragmented. CAE Inc. is the simulator manufacturer on top as the global market leader, mainly due to its huge geographical presence and brand image. L3Harris Technologies Inc., TRU Simulation + Training Inc., FlightSafety International, and The Boeing Company are the other players who captured a significant share in the market in 2019. FAA and other aviation safety and regulatory bodies are expected to make changes in pilot training, and may also easy the eligibility criteria for getting commercial pilot's license, crew, engineer, navigational training, and simulation activity. The aforementioned factors are also expected to grow over the forecast period, while airlines battle each other for market share and dominance.
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