Simulators Market worth 20.99 Billion USD by 2022

According to the new market research report Simulators Market by Type (Full Mission, Containerized, Fixed-Based, Desktop, Console), Technology (Live, Virtual, Constructive, Integrated), Application (Military, Commercial), Vehicle (Airborne, Land, Naval), Component, Region – Global Forecast to 2022″, The simulators market is estimated at USD 16.62 Billion in 2017 and is projected to reach USD 20.99 Billion by 2022, at a CAGR of 4.78% from 2017 to 2022. Growing need to train new pilots across the globe and increasing adoption of virtual training to ensure safety are some of the key factors driving the simulators market.

Download PDF BRochure:-

The commercial segment is projected to grow at a higher CAGR the forecast period. The growth of this segment can be attributed to the increasing demand for commercial aircraft pilots and need for cost-cutting in training.

Based on technology, the integrated training environment segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing adoption of integrated training environment to train military personnel and pilots across airborne, land, and naval vehicles.

Based on vehicle class, the land vehicle class segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is driven by the increasing number of land vehicle orders for military applications, globally.

Based on type, the containerized simulators segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for simulator training in the shipping industry. Strong growth in international trade and tourism and crude oil exploration activities are also driving the containerized simulators segment.

Based on component, the software segment of the simulators market is projected to grow at a higher CAGR during the forecast period. The increasing adoption of LED and OLED display systems for virtual training purposes is one of the most significant factors projected to drive the growth of the hardware segment.

Asia Pacific is expected to be the fastest-growing market for simulators during the forecast period. The growth of the simulators market in Asia Pacific can be attributed to the growth in the aviation industry and increase in aircraft deliveries in the region.

Major companies across the globe that provide simulators are CAE (Canada), L-3 Technologies (US), FlightSafety (US), Boeing (US), Thales (France), FAAC (US), ECA (France), and Lockheed Martin (US). These key players offer various products, such as full mission simulators, flight training devices, full flight simulators, fixed based simulators, and containerized simulators. New product developments, acquisitions, and contracts are main strategies adopted by these players to retain their position in the market.

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441