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Flight Simulators Market Size Worth $6.4 Billion By 2027 | CAGR: 4.2%: Grand View Research, Inc.SAN FRANCISCO, March 31, 2020 /PRNewswire/ -- The global flight simulator market size is expected to reach USD 6.4 billion by 2027, expanding at a revenue-based CAGR of 4.2%, according to a study conducted by Grand View Research, Inc. Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors. Key suggestions from the report:
Read 104 page research report with ToC on "Flight Simulator Market Size, Share & Trends Analysis Report By Product (Full Flight Simulator (FFS), Fixed Flight Training Devices (FTD)), By Application (Military & Defense, Civil), By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market The market is poised for growth owing to advances in aircraft simulation technology which is expected to change the pilot training. 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 flight simulators 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 the market over the next eight years. The design of aircraft simulators is based on original cockpit of respective aircraft models. Companies like Lufthansa Aviation Training offer simulators with cockpit designs from aircraft manufacturers like Airbus S.A.S, Boeing, Bombardier, and Embraer. The company provides simulators with navigation trainer, which imparts practical instrument training by replicating different weather and environmental conditions. Technological advancements have significantly resulted in motion systems being converted from hydraulic to electric for improved fidelity and smoothness. Additionally, advancements such as the onset of advanced visual systems that offer more than 180-degree view in satellite quality of all important objects at the relevant airport is also anticipated to provide growth prospects in this industry. Grand View Research has segmented the global flight simulator market based on product, application, and region:
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Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
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