Market Share of Simulator Industry
The military simulators market is consolidated in nature, with a presence of few players holding significant shares in the market. Some of the prominent players in the market are Collins Aerospace (RTX Corporation), CAE Inc., Rheinmetall AG, FlightSafety International Inc., and THALES. Simulator manufacturers are required to build a brand and reach out to geographical extremes to get customers. Manufacturers may have the first-mover advantage if they can attract customers for the simulators for new vehicle platforms, as simulators tend to be reconfigured or upgraded to support newer variants, providing the players with continuous revenue inflow. Mergers and acquisitions are expected to help the players by increasing their addressable market. For instance, in December 2022, VSTEP launched its newest maritime simulator, NAUTIS Home, to expand the accessibility of professional ship simulation. It is their goal to increase the crucial role of simulation-based learning in maritime education and training.
Simulator Market Leaders
CAE Inc.
Rheinmetall AG
THALES
FlightSafety International Inc.
RTX Corporation
*Disclaimer: Major Players sorted in no particular order
