Market Size of Asia Pacific Civil Aviation Simulators Industry
Study Period | 2019-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 290.66 Million |
Market Size (2029) | USD 481 Million |
CAGR (2024 - 2029) | 10.60 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Civil Aviation Simulators Market Analysis
The Asia Pacific Civil Aviation Simulators Market size is estimated at USD 290.66 million in 2024, and is expected to reach USD 481 million by 2029, growing at a CAGR of 10.60% during the forecast period (2024-2029).
The growth in demand for air travel and aerial connectivity in the Asia-Pacific region has aided the airlines in introducing new routes. This is generating a major shortfall of pilots and cabin crew in the region. This shortfall of pilots and other personnel in aircraft is anticipated to generate demand for the civil aviation simulators market during the forecast period.
Asia-Pacific is expected to witness the highest growth in pilot demand as the regional operational aircraft fleet is estimated to increase substantially. The high growth in the economy, an expansion of the middle class, and new low-cost airlines, along with newer routes, facilitate the demand for new civil aviation simulators in the region. Construction of new training facilities by the airlines and training providers in the region, along with orders for new simulators, is anticipated to propel the demand for simulator training during the forecast period.