Simulators Market worth $27.

9 billion by 2025

According to the research report the "Simulators Market by Type (ATC,

FMS, Driving, Vessel Traffic Control), Solution, Platform (Airborne,
Land, Maritime), Technique (Live, Virtual & Constructive, Synthetic
Environment, Gaming), Application, Region - Global Forecast to
2025", The simulators market is estimated to be USD 21.5 billion in 2019
and is projected to reach USD 27.9 billion by 2025, at a CAGR of 4.4%
from 2019 to 2025.
The growing demand for pilots in the aviation industry and the acceptance
of virtual pilot training to ensure aviation safety are some of the significant
factors attributing to the growth of the simulators market during the forecast
period. The need for cost-cutting in pilot training and the reduction in
military budgets of developed countries are driving the growth of the market

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Market-Reports/simulator-market-110549963.html
The military training segment projected to grow a higher CAGR from
2019 to 2025
Based on application, the military segment is anticipated to grow at the
highest CAGR during the forecast period. High costs involved in military
training, and risks that they pose to human life have led defense forces of
different countries across the globe to adopt computer simulation models,
computer wargames, and simulators while training their personnel. With
continuous advancements in technologies related to simulation, operational
costs of military training have reduced, thereby leading to the increased
use of simulators in military training.
The live, virtual & constructive segment projected to grow at the
highest CAGR from 2019 to 2025
Based on technique, the live, virtual & constructive simulation (LVC)
segment is projected to grow at the highest CAGR during the forecast
period. Several defense organizations worldwide are increasingly adopting
LVC training environments in their training programs. This technique saves
money and pushes the boundaries of conventional training. With the
reduction in military budgets in various developed economies, there is a
demand for low-cost LVC military crew training solutions, which is
anticipated to fuel the growth of this segment during the forecast period.
The simulators market in North America is projected to grow at the
highest CAGR from 2023 to 2030
Based on region, the North America region is expected to witness
substantial growth during the forecast period, especially in the US and
Canada, due to the presence of major simulator manufacturers, such as
CAE Inc. and L3Harris Technologies, Inc. The rising orders to replace the
old navy fleet with new ones from countries such as the US and Canada
and the rise in export of goods are other significant factors driving the
demand for new ship commanders and crew, which, in turn, is increasing
the demand for simulators to train them. According to Boeing Pilot Outlook
by Region 2019, the North American region is expected to require more
than 212,000 commercial airline pilots from 2019 to 2038. This, in turn, is
expected to boost the demand for simulators for pilot training in the region
during the forecast period.
The simulators market has been gaining traction over the past few years,
due to the presence of several established companies as well as startups.
Some of the major players in the simulators market include CAE Inc. (US),
L3Harris Technologies, Inc. (US), Thales Group (France), Saab AB
(Sweden), Indra (Spain), and Flight Safety International(US).
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