Commercial and Military Flight Simulations: A Global Strategic Business Report
San Jose, California (Vocus) October 19, 2010
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. The importance of flight simulation as a training tool cannot be undermined given its crucial role in training pilots for real life emergencies. Driven by years of refining technology improvements in simulation software, hardware, computer algorithms, computations, and graphics, flight simulation is today a multi-billion dollar industry. Replication of the actual flying experience, in addition to being cost-effective in comparison to the cost of flight time, also provides pilots valuable hands on experience required to make a smooth transition to flying an actual aircraft. Flight simulations will continue to find a strong commercial market for as long as manned flight continues to exist. With commercialization of unmanned aerial vehicles and aeroplanes, which eliminates the need for conventional piloting skills, still shrouded in the realm of research & development, business opportunities for flight simulations remains secure over the long-term period.
Like all other industries across the globe, commercial and military flight simulation technologies and equipment succumbed to the pressures of the tough economic climate. Although flight simulation offers an economic alternative to expensive flying in real-time, making flight training through simulation attractive during a weak economic climate, the cost-saving economics have been unable to offset the repercussions of the unusually pronounced length, depth and magnitude of the current recession. The North American market for commercial and military flight simulations, especially hit bottom, in the year 2009 as aircraft retirement and parked airplanes exceeded the number of new deliveries.
In contrast, the military flight simulation market witnessed a largely mixed bag of opportunities and challenges. While increased expenditure on land forces and the resulting shift in emphasis on non-flight simulation threatens possible cannibalization of opportunities for military flight simulations, the prevailing emphasis being laid on cost reductions has helped sustain spending on simulated training.
However, a recovery is forecast to be on cards with post recession gains being higher in the commercial flight simulations sector. A host of factors are believed to contribute towards this trend. For instance, in the post recession period, pilot shortages in the civil aviation sector are expected to develop as a result of aging demographics. Additionally, although current layoffs of experienced pilot staff by beleaguered airline carriers have temporarily provided respite from the supply and demand gap, the cyclical pilot shortage is forecast to re-emerge in the post recession period. As existing pilots retire and enrollment in technical schools decline, demand for pilots is expected to outstrip supply, thus providing ample business opportunities for simulation, modeling technologies and integrated training solutions. Against this backdrop several independent flight training schools are expected to mushroom in the upcoming years thus spurring demand for flight simulation devices and products. The scenario is expected to result in an increase in the installed base of civil and military full-flight simulators and training devices. Government intervention to boost supply of pilots in the form of airline subsidized training, channelizing resources on developing high-grade piloting skills and provision of vocational pilot training courses which are tax-exempt, are all expected to augur well for the flight simulation market.
As stated by the new market research report, developed markets such as the United States and Europe collectively account for a lion’s share of the global commercial and military flight simulations market. Market for Commercial Full Flight Simulators in Asia-Pacific is forecast to grow the strongest at a CAGR of more than 6.0% over the analysis period. Driven by the growing focus on homeland security, Military Flight Training Devices in the United States is projected to reach US$17.8 million by the year 2012.
Leading global players in the market include Alsim, AMI Instruments, Atlantis Systems International Inc, Boeing Training & Flight Services, BVR Systems (1998) Ltd, CAE Inc, Cubic Defense Applications Group, ELITE Simulation Solutions, FlightSafety International Inc, Frasca International Inc., HAVELSAN A.S., L-3 Communications’ Link Simulation and Training, Mechtronix Systems Inc., Thales Training & Simulation Ltd., Rockwell Collins Simulation & Training Solutions, among others.
The research report titled "Commercial and Military Flight Simulations: A Global Strategic Business Report", published by Global Industry Analysts Inc., provides a comprehensive review of technology, market trends, drivers, issues, challenges, company profiles, mergers, acquisitions and other recent industry activities. The study provides market estimates and projections in US$ Million for major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Middle East. Product markets analyzed include Commercial Full Flight Simulators, Commercial Flight Training Devices, Commercial Flight Training Services, Military Full Flight Simulators, Military Flight Training Devices, and Military Flight Training Services.
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