Simulators Market size is projected to be valued $26 Billion by 2025; with a CAGR of 6% from 2017 to 2025. A simulator is anamalgamation of computer systems and software solutions planned to provide a realistic representation of the operation and controls of aircraft, military vehicles, or submarines, mainly used for training purposes. Simulation is used in many situations, such as simulation of technology for safety engineering, testing, education, performance and video games.
Some of the major factors driving simulators market are the growing need to train new pilots, increasing adoption of virtual training to ensure safety and rising demand for unmanned military vehicles. However, lack of interoperability and high complexity of simulator systems are expected to restrain the simulators market growth during the forecast period. In spite of the challenges, thetechnological advancements in the field of flight simulators are likely to create opportunities for simulators market expansion.
Simulators market is segmented on the basis of type, technology, application, vehicle class, component and geography. On the basis of type, simulators market is segmented into full mission stimulators, flight training devices, full flight simulators, fixed-based simulators, among others. Based on technology, the simulators market is divided into live simulation, virtual simulation, constructive simulation, gaming simulation and integrated training environment. Based on the application, simulators market is bifurcated into commercial and military. Based on component the simulators market is segmented into hardware and software. The vehicle class segment of simulators market is divided into land, naval and airborne. Based on the component segment, simulator market is segmented into hardware and software.
Simulators Market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
Major companies operating in the simulators market are CAE, FlightSafety, Boeing, Thales, FAAC, ECA and Lockheed Martin, among others.
The key takeaways from the report
Scope of Simulators Market
Vehicle Class Segments