Market Overview:
The global business jet simulators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for pilot training and entertainment applications, and the growing number of business jets across the globe. Based on type, the global business jet simulators market is segmented into light jet, mid-size jet, and large jet segments. The light jet segment is expected to account for a major share of the global market in terms of revenue in 2018. This can be attributed to its low cost as compared to other types of jets and its increasing popularity among small businesses and private owners. However, with rising demand for advanced features in simulation technologies, the mid-sizejet segment is projectedto grow at a higher CAGR than other segments duringthe forecast period from2018to2030.
Product Definition:
A business jet simulator is a piece of software or hardware used to simulate flying a business jet. They are used by pilots and flight instructors to practice flying, and by airline companies to train their pilots.
Light Jet:
Light jet is a general aviation aircraft that weights less than half a ton and can travel at speeds up to Mach 0.75. The light jets are used for short-distance flights, especially in the U.S., as they are cheaper than business jets and also have better fuel efficiency per hour of flight compared to helicopters.
Mid-Size Jet:
The global mid-size jet and it’s usage in business jet simulators market size was valued at USD 4.0 billion in 2016. The rise of the ultra-luxurious private aviation is one of the major factors driving industry growth.
Demand for high performance, fuel efficient, modern and technologically advanced aircraft with superior comfort & safety features has witnessed a surge over recent years resulting into increased sales of mid-size jets across regions.
Application Insights:
Pilot training was the largest application segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The need for professional pilots has never been higher; this has led to an increase in the adoption of jet simulators for pilot training, as it provides more realistic flight simulation experience than actual aircraft. Furthermore, entertainment is expected to be one of the fastest-growing segments owing to rising disposable income levels among consumers globally. This factor will drive demand for jets simulators over the forecast period, thereby propelling overall industry growth during this period.
The use of business jets by heads of states and other dignitaries on official visits or when traveling overseas conveys a message about their status and importance within respective countries or regions; thus influencing tourism development positively.
Regional Analysis:
North America dominated the global business jet simulators market in 2016 with more than 35.0% share of the overall revenue. The region is expected to witness a considerable growth rate over the forecast period, owing to increasing demand for advanced training devices and growing adoption of technology-based solutions among operators. Furthermore, presence of key manufacturers and service providers in this region has led to high product penetration rates across major cities in North America.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions during the forecast period owing to rising government initiatives pertaining toward modernization and improvement of aviation infrastructure within countries such as India, China, Singapore & Australia (IASC). These initiatives are projecteded leading towards increased utilization rates for new aircraft types along with replacement/upgrade programs for existing airframes operating under IATA code 'O' (Other Than Passenger Aircraft). This will further drive regional growth during future years.
Growth Factors:
- Increasing demand for business jets
- Growing number of business jet operators
- Proliferation of new business jet models
- Rising demand for pilot training services
- Technological advancements in simulation technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Business Jet Simulators Market Research Report
By Type
Light Jet, Mid-Size Jet, Large Jet
By Application
Pilot Training, Entertainment, Others
By Companies
CAE, FlightSafety International, L-3 communication Holdings, Rockwell Collins, CSC- Computer Science, Elbit Systems, Frasca International, Lockheed Martin, CAE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Business Jet Simulators Market Report Segments:
The global Business Jet Simulators market is segmented on the basis of:
Types
Light Jet, Mid-Size Jet, Large Jet
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pilot Training, Entertainment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CAE
- FlightSafety International
- L-3 communication Holdings
- Rockwell Collins
- CSC- Computer Science
- Elbit Systems
- Frasca International
- Lockheed Martin
- CAE
Highlights of The Business Jet Simulators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Jet
- Mid-Size Jet
- Large Jet
- By Application:
- Pilot Training
- Entertainment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Business Jet Simulators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Business jet simulators are computer programs that allow pilots to practice flying commercial jets. These programs allow pilots to fly the aircraft using realistic flight models and scenarios.
Some of the major players in the business jet simulators market are CAE, FlightSafety International, L-3 communication Holdings, Rockwell Collins, CSC- Computer Science, Elbit Systems, Frasca International, Lockheed Martin, CAE.
The business jet simulators market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Business Jet Simulators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Business Jet Simulators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Business Jet Simulators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Business Jet Simulators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Business Jet Simulators Market Size & Forecast, 2018-2028
4.5.1 Business Jet Simulators Market Size and Y-o-Y Growth
4.5.2 Business Jet Simulators Market Absolute $ Opportunity
Chapter 5 Global Business Jet Simulators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Business Jet Simulators Market Size Forecast by Type
5.2.1 Light Jet
5.2.2 Mid-Size Jet
5.2.3 Large Jet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Business Jet Simulators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Business Jet Simulators Market Size Forecast by Applications
6.2.1 Pilot Training
6.2.2 Entertainment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Business Jet Simulators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Business Jet Simulators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Business Jet Simulators Analysis and Forecast
9.1 Introduction
9.2 North America Business Jet Simulators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Business Jet Simulators Market Size Forecast by Type
9.6.1 Light Jet
9.6.2 Mid-Size Jet
9.6.3 Large Jet
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Business Jet Simulators Market Size Forecast by Applications
9.10.1 Pilot Training
9.10.2 Entertainment
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Business Jet Simulators Analysis and Forecast
10.1 Introduction
10.2 Europe Business Jet Simulators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Business Jet Simulators Market Size Forecast by Type
10.6.1 Light Jet
10.6.2 Mid-Size Jet
10.6.3 Large Jet
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Business Jet Simulators Market Size Forecast by Applications
10.10.1 Pilot Training
10.10.2 Entertainment
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Business Jet Simulators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Business Jet Simulators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Business Jet Simulators Market Size Forecast by Type
11.6.1 Light Jet
11.6.2 Mid-Size Jet
11.6.3 Large Jet
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Business Jet Simulators Market Size Forecast by Applications
11.10.1 Pilot Training
11.10.2 Entertainment
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Business Jet Simulators Analysis and Forecast
12.1 Introduction
12.2 Latin America Business Jet Simulators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Business Jet Simulators Market Size Forecast by Type
12.6.1 Light Jet
12.6.2 Mid-Size Jet
12.6.3 Large Jet
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Business Jet Simulators Market Size Forecast by Applications
12.10.1 Pilot Training
12.10.2 Entertainment
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Business Jet Simulators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Business Jet Simulators Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Business Jet Simulators Market Size Forecast by Type
13.6.1 Light Jet
13.6.2 Mid-Size Jet
13.6.3 Large Jet
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Business Jet Simulators Market Size Forecast by Applications
13.10.1 Pilot Training
13.10.2 Entertainment
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Business Jet Simulators Market: Competitive Dashboard
14.2 Global Business Jet Simulators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CAE
14.3.2 FlightSafety International
14.3.3 L-3 communication Holdings
14.3.4 Rockwell Collins
14.3.5 CSC- Computer Science
14.3.6 Elbit Systems
14.3.7 Frasca International
14.3.8 Lockheed Martin
14.3.9 CAE
