Transport Aircraft Simulation Market Outlook – 2027
Transport aircrafts are used both in commercial and military purposes. Commercial transport aircraft are usually a multi engine airplanes with more than 19 seats or having maximum take-off weight capacity of more than 19,000 lbs. Whereas military transport aircraft are used for operations such as transfer of troops, armaments, and others. An aircraft simulator is a device that recreates an artificial environment for the aircraft in which it flies. Transport aircraft simulator helps in the training of the pilot by providing them a real-time scenario. A transport aircraft simulator comprises control devices, multiple displays, a computer system that process record flight data and control inputs, and an audio system for communication. Transport aircraft simulator is a low-cost training solution created for the trainee pilots to learn without any risks.
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COVID-19 Scenario analysis:
- Due to COVID-19 situation, the research & development in transport aircraft simulation market companies across the globe has been hampered due to the declared lockdowns and government restrictions on public gatherings.
- COVID-19 is expected to have a significant impact on the supply chain and product demand in the aviation industry. The aviation & transport industry is amongst the most exposed verticals to the ongoing COVID-19 outbreak and is currently amidst unprecedented uncertainty.
- The government all across the globe are cancelling the visa of foreign people and locking down affected area which is restricting scientists to move and affecting research and development of aircraft simulators.
- Demand will rise significantly in global transport aircraft simulation market in upcoming quarter as industry’s production has started to get momentum after the tough phase of COVID-19.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Increase in demand for new commercial and military pilots, adoption of virtual flight training to ensure aviation safety, and the need for cost-cutting of pilot training are the factors which drive the market. However, the high cost involved in the making of transport aircraft simulator and complexities in acquiring license are limiting the growth of the transport aircraft simulator market. Increase in government spending and growing security concerns particularly in the military sector is expected to increase demand of transport aircraft simulation market in near future.
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Increase in demand for commercial pilots
As aircraft simulators are used to train the pilots by creating the virtual environment, increasing demand for new pilots will in turn rise the aircraft simulator market share globally. For instance, demand for new pilots is expected to rise dramatically over the next two decades as a result of new aircraft entering the global fleet. According to Boeing, 790,000 new pilots is likely to be required by 2037 to meet growing passenger fleet. Similarly, in 2018, Airbus estimated a worldwide demand of pilots to reach 450,000 by 2035. Hence, this rise in demand of pilots coupled with the requirement of their training is expected to drive the growth of the aircraft simulators market.
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Adoption of virtual flight training
The increase in adoption of technology of virtual training and simulation in civil and commercial aviation to ensure aviation safety in flight handling and including situation such as awareness, skill competency will promote the flight simulation market. Similarly, research & development efforts directed towards virtual reality, and artificial intelligence advancements has resulted in highly naturalistic flight simulators. Thus, offering navigation and motion control mechanism in aviation industry will enhance the market positively.
Key benefits of the report:
- This study presents the analytical depiction of the global transport aircraft simulation industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global transport aircraft simulation market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global transport aircraft simulation market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global transport aircraft simulation market analysis based on competitive intensity and how the competition will take shape in coming years.
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