Global Business Jet Simulators Market Overview:
A business jet simulator is a device which artificially builds an experience of business jet & numerous environmental factors including climate as well as terrain effects, thus building a real-time flying experience. These simulators are mostly used for pilot training as well as entertainment purposes. Business jet simulators are available in several price ranges, addressing diverse demand. Yet, the range of the simulators differs from one customer to another, with complete software products those are installed in home computers, products having a setup with a virtual cockpit, as well as a full-flight simulation with real business jet cockpit, original shell, & top-of-the-range software. With the increasing requirement to train new pilots owing to increasing air traffic globally, the global business jet simulators market is likely to boost over the coming years. Some of the key players profiled in the study are CAE Inc.(Canada), L-3 Communications Holdings, Inc. (United States), FlightSafety International Inc. (United States), Thales Group (France), Rockwell Collins, Inc. (United States), The Boeing Company (United States), Elbit Systems (Israel), Frasca International, Inc. (United States) and Lockheed Martin Corporation (United States).
On the basis of geography, the market of Business Jet Simulators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia-Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
- Increasing Requirement to Train New Pilots Owing to increasing Air Traffic Globally
- Need for Cost Cutting of Pilot Training
- Acceptance of Virtual Training for Pilots to Confirm Aviation Safety
- Increasing Demand for Full-flight Simulators
- High Complexity of Business Jet Simulator Systems
- Technological Developments in the Field of Business Jet Simulators
- High Cost of Business Jet Simulators
On 28 Feb 2018, Helisim, Joint Venture between Airbus and Thales and Europe’s premier training center for Helicopter pilots, is staking its first claim on North American soil by announcing the creation of a new facility in the US. The Helisim Training Center will host two Thales Reality H, Level D Full Flight Simulators to train pilots on H145 and H175.
Target Audience:Business Jet Simulators Manufacturers, Business Jet Simulators Dealers, Business Jet Simulators Subcomponent Manufacturers, Technology Support Providers, Industry Associations and End Users
Major Objectives Focused through this Study To define, describe, and forecast the Global Business Jet Simulators market on the basis of product [Light Jet, Mid-Size Jet and Large Jet] , application [Pilot Training, Entertainment and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Business Jet Simulators market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Business Jet Simulators industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are AerX Labs (India) and Reiser Simulation and Training GmbH (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Business Jet Simulators market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.