Civil Aerospace Simulation and Training Market: Valuable Growth Prospects, Size, Share, Demand and Current Trends Analysis and Forecast: 2022-2031

Japan, Japan, Fri, 08 Apr 2022 04:34:50 / Comserve Inc. / -- The Civil Aerospace Simulation and Training Market is projected to grow with a CAGR of more than 4% during the forecast period.

The Civil Aerospace Simulation and Training Market is projected to grow with a CAGR of more than 4% during the forecast period.

- The increasing demand for new commercial aircraft, as well as the increasing demand for trained pilots in the aviation industry, to cater to the increasing passenger traffic around the world, is anticipated to generate demand for simulators and training solutions.
- The increasing investments into human space exploration programs in the coming years is anticipated to generate demand for simulators for astronauts and training solutions in the coming years.

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Key Market Trends

Full Flight Simulator (FFS) Segment Accounted for the Highest Market Share in 2019

The Full Flight Simulator (FFS) segment dominated the market and is expected to continue its dominance in the coming years. The full flight simulator is generally equipped with a motion actuator that replicates flight movement, offering real-life-like experience inside the simulator that will allow complete training experience to the trainees in space and aviation industries. Currently, the new and advanced FFS are being integrated with new technologies like virtual reality to improve the efficiency of training the pilots. The Flight Simulation Technique Centre (FSTC) received European Union Aviation Safety Agency approval for its Airbus A320neo full flight simulator in June 2019. Similarly, in March 2019, the Federal Aviation Administration (FAA) approved the first CAE 7000XR Series Airbus A330 full-flight simulator (FFS) for Extended Envelope and Adverse Weather Training. Also, the opening of new training facilities for training of fixed-wing, rotor-wing aircraft, and spacecraft (zero-gravity training) is anticipated to accelerate the demand in the coming future.

Asia-Pacific is Anticipated to Register the Highest Growth During the Forecast Period

The increasing passenger traffic in the Asia-Pacific region is propelling the procurement of new aircraft by the airlines and aircraft operators in the region. Major airlines in the region like China Eastern Airlines, China Southern Airlines, Air China, Indigo, Korean Air, and All Nippon Airways among others have huge aircraft orders, which are planned to be delivered during the forecast period. Also, according to Boeing, there will be demand for more than 244,000 pilots by 2039 in the Asia-Pacific region, with 124,000 pilots demand from China alone. Also, major countries in the region are accelerating their human space exploration programs. For instance, China is currently working to build its new space station that is expected to be completed by 2022 and conduct deep-space human spaceflight by the 2030s. Such human space exploration plans are anticipated to propel the demand for space simulation and training solutions during the forecast period.

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Competitive Landscape

The civil aerospace simulation and training market is moderately consolidated. Some of the prominent players in the market are L3Harris Technologies, Inc, TRU Simulation + Training Inc., The Boeing Company, CAE Inc., and Lockheed Martin Corporation. CAE Inc. has a majority share in commercial aviation simulators due to its global presence and brand image. Similarly, Lockheed Martin Corporation and The Boeing Company are some of the prominent companies that support NASA human space exploration programs. Investments in the development of new simulators with advanced features for training are anticipated to provide the companies with new opportunities in the market in the coming years.

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