Flight Simulator Market Worth USD 5.75 Billion by 2028; Acquisition of L3Harris Technologies by CAE Inc to Propel Market, Says Fortune Business Insights™

Pune, India, June 08, 2021 (GLOBE NEWSWIRE) — The global flight simulator market is expected to reach USD 5.75 billion by 2028, exhibiting a CAGR of 5.99% during the period. The market is expected to gain momentum from the increasing adoption of virtual reality (VR) and augmented reality (AR) by the airlines to train their cabin crew and flight deck crew. This information is given by Fortune Business Insights™ in a recent study, titled, “Flight Simulator Market, 2021- 2028.” The study further states that the market size was USD 3.55 billion in 2020.

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List of the Leading Companies Profiled in the Global Flight Simulator Market are:

  • 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.)

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Market Segments

Military & Defense Segment to Grow Rapidly 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…

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