The global Flight Simulators Market is expected to reach USD 5.62 billion by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of FFS owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for FTDs on account of their low operational costs, modular approach, real-time aerodynamic flight model, and remote configuration as well as management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.
The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive demand for flight simulators over the next eight years.
China Flight Simulator Market By Product, 2012 – 2024 (USD Million)
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Further key findings from the report suggest:
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Grand View Research has segmented the global flight simulator market on the basis of product, application, service and region:
Flight Simulator Product Outlook (Revenue, USD Million; Volume, Units; 2012 – 2024)
Flight Simulator Application Outlook (Revenue, USD Million; Volume, Units; 2012 – 2024)
Flight Simulator Service Outlook (Revenue, USD Million; 2012 – 2024)
Flight Simulator Regional Outlook (Revenue, USD Million; Volume, Units; 2012 – 2024)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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