The global flight simulator market is expected to reach USD 5.75 billion by 2028, exhibiting a CAGR of 5.99% during the period. According to a recent study by Fortune Business Insights™ titled "Flight Simulator Market, 2021-2028," the aviation industry is anticipated to experience a surge in growth due to the rising usage of virtual reality (VR) and augmented reality (AR) technologies for training cabin crew and flight deck crew. The study reports that the flight simulator market was valued at USD 3.55 billion in 2020. Fortune Business Insights™ presents a list of all the flight simulator providers operating in the global market. They are as follows: Thales Group (France) CAE (Canada) Boeing Company (U.S.) Collins Aerospace (U.S.) FlightSafety International (U.S.) L-3 Communications (U.S.) Raytheon Company(U.S.) Precision Flight Controls (U.S.) SIMCOM Aviation Training (U.S.) Frasca International (U.S.) TRU Simulation + Training (U.S.) Information Source - https://www.fortunebusinessinsights.com/flight-simulator-market-102592 Market Segments Military & Defense Segment to Overgrow Owing to Need of Training Soldiers In terms of application, the market is bifurcated into military & defense, and commercial. Out of these, the commercial segment procured 59% flight simulator market share in 2019. The military & defense segment is set to grow at the fastest rate during the forthcoming years backed by the increasing usage of these simulator systems in this sector for the training of personnel, including the Air Force, Navy, and Military. The simulators are mainly used to train them to drive various vehicles, such as transport aircraft, tankers aircraft, helicopters, ships, aircraft carriers, and tanks. This Report Answers the Following Questions: What are the market drivers, dynamics, and obstacles? Which companies are set to lead the market in the coming years? How will the key companies manage to cope up with the COVID-19 pandemic? Would the advanced flight simulators help in training crews? Market drivers: Flight Simulator Market Increasing adoption of virtual reality (VR) and augmented reality (AR) for training in the aviation industry. Growing demand for commercial pilots due to the increasing number of air passengers. Enhanced safety features provided by advanced flight simulators. A rise in demand for military flight simulators for pilot training. Market dynamics: Flight Simulator Industry The market is expected to witness significant growth due to the increasing need for pilot training. The adoption of advanced technologies is anticipated to drive the growth of the market. The Asia Pacific region is expected to dominate the market owing to the growing demand for air travel and pilot training in the region. Obstacles: Market dynamics: Flight Simulator Industry Size High initial costs associated with the installation of flight simulators. The limited availability of skilled personnel to operate and maintain the simulators. Regional Analysis- North America to Lead Backed by Presence of Various Industry Giants North America procured high traction in terms of revenue. It is set to remain in the leading position throughout the forecast period stoked by the presence of several reputed flight simulator system manufacturers in this region. Europe, on the other hand, is expected to remain in the second position owing to the existence of numerous aircraft, as well as flight simulator manufacturers in this region. The Asia Pacific is anticipated to showcase robust growth in the coming years fueled by the increasing demand for commercial aircraft from the countries, such as China, India, and Indonesia. Competitive Landscape- Key Players Focus on Acquisitions & Facility Openings to Gain Competitive Edge The market is fragmented with a large number of renowned companies. They are mainly focusing on mergers and acquisitions, as well as the opening of new facilities to broaden their geographic footprint and gain more consumer bases. September 2019: Alpha Aviation Group (AAG) announced the opening of its Simulator Training Center Expansion Project. It is worth USD 11 million and is a part of the AAG academy situated in the Philippines. It would include four additional simulator bays. February 2021: CAE Inc. announced the acquisition of L3Harris Technologies, Inc’s military training business worth USD 1.05 billion COVID-19 Impact: Obstructed Aviation Industry to Encumber Business amid COVID-19 Several industries are currently facing huge losses because of the emergence of the COVID-19 pandemic. As the production processes have come to a standstill, there are shortages of products worldwide. But, we will be able to overcome this situation by cooperating with the regulatory bodies. Our reports are specially curated to help you regain business confidence and thereby generate more sales.