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The Military Aircraft Simulation and Training Market is segmented by Simulator Type (Full Flight Simulator (FFS), Flight Training Devices (FTD), Other Simulator Types), Aircraft Type (Rotorcraft and Fixed-Wing), and Geography.
2018 - 2026
Fastest Growing Market:
The military aircraft simulation and training market is anticipated to register a CAGR of over 2.5% during the forecast period.
Flight simulators artificially recreate the environment for pilot training purposes. They not only deliver knowledge regarding flying but also provide pilot experience for reacting under emergency situations. Based on the type of simulators, the market is segmented into full flight simulator (FFS), flight training devices (FTD), and other simulator types. The other simulator types include fixed-base simulators, computer-based simulators, cockpit procedures trainer (CPT), and part-task trainer (PTT).
|Full Flight Simulator (FFS)|
|Flight Training Devices (FTD)|
|Other Simulator Types|
|Rest of the World|
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The fixed-wing segment is currently dominating the market and is expected to register the highest CAGR during the forecast period. This is majorly due to the development and procurement of new aircraft models, by the armed forces around the world. Governments are partnering with simulator and training providers to grow hand in hand. Technology advancement in AI (Artificial Intelligence) is becoming a very significant facet of training in the coming future. Additionally, new aircraft development programs by the OEMs are yet another propelling factor supporting the growth of this segment during the forecast period.
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The Asia-Pacific region is anticipated to have the highest growth during the forecast period. The rapid growth in military spending of the Asia-Pacific countries is the major driving factor for its highest growth in the military aircraft market. Currently, this region is in the midst of political and territorial issues, which is generating the demand for aircraft and UAVs for border surveillance and protection. Also, the countries are investing in the integration of the latest technologies to improve the effectiveness of the training. The innovation and the need for advanced aircraft simulators are generating the demand for military aircraft training and simulation in this region.
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Some of the few prominent players in the military aircraft simulation and training market are CAE Inc., FlightSafety International, Thales Group, Lockheed Martin Corporation, and Textron Inc. (TRU Simulation + Training). The leading training and simulation manufacturers have experienced strong revenue growth in the past few years, and this growth is expected to increase with a continuous need for simulators as a way to reduce costs and improve the readiness of military pilots. In addition to this, the development of new simulation and training devices are expected to help them in increasing their market presence.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Simulator Type
5.1.1 Full Flight Simulator (FFS)
5.1.2 Flight Training Devices (FTD)
5.1.3 Other Simulator Types
5.2 Aircraft Type
5.3.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 L3Harris Technologies Inc.
6.2.2 Collins Aerospace (United Technologies Corporation)
6.2.3 BAE Systems PLC
6.2.4 The Boeing Company
6.2.5 CACI International Inc.
6.2.6 Cae Inc.
6.2.7 Merlin Simulation Inc.
6.2.8 Lockheed Martin Corporation
6.2.9 Thales Group
6.2.10 TRU Simulation + Training Inc
6.2.11 Rheinmetall AG
6.2.12 Northrop Grumman Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability