San Jose, California (PRWEB) February 25, 2008
World Commercial and Military Flight Simulations market is forecast to exhibit a CAGR of 2.94% over 2000-2010 and exceed US$7.5 billion by 2010. The US is the leader in Commercial and Military Flight Simulations with a share estimated at 39.02% in 2006, while Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 3.71% over the aforementioned period.
Introduction of new aircraft such as A380 and Boeing 7E7 and new aircraft versions is likely to propel the commercial flight simulations segment in the second half of the decade. In the military flight simulations market, a host of factors including the dangerous dimension of terrorism worldwide and conflicts between countries would pep up the demand during the forecast period. For players in the commercial flight simulations market, factors such as customer relationships, continuous technological and product innovations, and quality, reliability and efficiency of the products offered will script the success of their respective businesses.
The global commercial flight simulations market success is determined by a host of factors that include the general performance of commercial airlines, and the growth of aviation industry, pilot turnover or pilot promotion or pilot retirement or pilot re-certification, orders for new aircraft, especially of new aircraft models would stir up the need for new simulators and training, and cost-effective, as simulation training is much cheaper than in-flight training.
Mounting fuel costs and devices in-built with advanced features are the two major factors that drive the commercial aircraft operators and the military to procure more flight simulators for training pilots. Commercial airlines and the military save thousands of dollars each hour by means of simulators, which are otherwise spent for in-flight training - burning the liquid gold, fuel. Moreover, flight simulators provide adequate training for pilots on emergency situations, which in-flight training hardly offers, besides enjoying cost-efficiency of flight simulators.
Numerous small- and mid-sized companies are concentrating upon selected segments of the flight simulations market as system integrators for select applications, or as subsystems and components' suppliers for training systems, or specializing in services related to the training and simulation industry. The uniqueness of the flight simulations sector remains in its uncomplicated structure, and the critical role it plays in the success of aerospace and defense industry makes it a real gem in the diadem of aerospace and defense industry.
Major companies covered include Alsim, AMI Instruments, Inc., Atlantis Systems Corp., BVR Systems, CAE, Cubic Defense Applications Group, ELITE Flight Simulations, Environmental Tectonics Corporation, Evans & Sutherland, FlightSafety International, Frasca International, HAVELSAN, L-3 Communications' Link Simulation and Training, Mechtronix, Rockwell Collins Simulation & Training Solutions, Penza Simulation Design Co., and Thales Training and Simulation.
For more details about this research report, please visit http://www.strategyr.com/Commercial_and_Military_Flight_Simulations_Market_Report.asp
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