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.This growth is primarily driven by Increasing Requirement to Train New Pilots Owing to increasing Air Traffic Globally
|Value Unit||USD (Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Aerospace & Defense sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Manufacturers, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Influencing Trend:Increasing Demand for Full-flight Simulators
Market Growth Drivers:Increasing Requirement to Train New Pilots Owing to increasing Air Traffic Globally, Need for Cost Cutting of Pilot Training and Acceptance of Virtual Training for Pilots to Confirm Aviation Safety
Challenges:High Cost of Business Jet Simulators
Restraints:High Complexity of Business Jet Simulator Systems
Opportunities:Technological Developments in the Field of Business Jet Simulators
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Business Jet Simulators Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Business Jet Simulators Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Business Jet Simulators players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Business Jet Simulators Study Sheds Light on The Business Jet Simulators Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Business Jet Simulators industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Business Jet Simulators industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.