Military Vehicles and Aircraft Simulations Market

Military Vehicles and Aircraft Simulations Market Overview (2022-2032)

[250 Pages Report] The demand in the global military vehicles and aircraft simulations market is anticipated to be valued at USD 5.9 Billion in 2022. Growing at a CAGR of 7.1%, the market is expected to reach USD 8.4 Billion by 2032. The surging focus on reducing the cost of pilot training and the rising usage of virtual flight training to ensure aviation safety are expected to boost the sales of military vehicles and aircraft simulation devices.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 4.0 Billion
Expected Market Value (2022)	USD 5.9 Billion
Anticipated Forecast Value (2032)	USD 8.4 Billion
Projected Growth Rate (2022 to 2032)	7.1% CAGR

Military vehicles and aircraft simulators are specially developed devices that are capable of recreating an artificial environment for an aircraft in which it flies. It provides real-time scenarios to pilots and helps them during their training period.

The rising usage of these simulation devices to design and develop an aircraft, research aircraft characteristics, and control handling characteristics is likely to drive the market. It is also utilized to test and maintain the proficiency in handling various operations of an airplane.

A simulator consists computer system that processes control inputs and records flight data, control devices, an audio system for communication, and numerous displays. Many pilot training institutions are expected to use these devices owing to their cost-effective and risk-free nature.

The ongoing development and launch of a wide range of cutting-edge features by key players are set to fuel the demand for military vehicles and aircraft simulation devices. In February 2022, for instance, Microsoft Flight Simulator unveiled several virtual sceneries, including Mount Wellington and the Great Barrier Reef in its program by joining hands with Orbx Simulation Systems, a Melbourne-based software firm. It has added higher-resolution details and 100 airports to deliver a more realistic experience to pilots. The launch of similar other features is anticipated to push the growth in this market.

What are the Factors Spearheading Military Vehicles and Aircraft Simulations Market?

The high demand for novel military and commercial pilots is a crucial factor that is projected to drive the market in the evaluation period. As the training of military personnel and pilots in real ships, land vehicles, and aircraft involves numerous risks and can sometimes result in the loss of lives, as well as hazardous situations, companies are demanding for simulation devices.

These devices have proved to be safe for beginners in training and can deliver a realistic experience. Thus, the high demand for efficient and safe training is a crucial factor that is projected to bode well for the market.

The rising demand for military vehicles across the aerial, sea, and land platforms is another significant factor that is set to augment the sales of military vehicles and aircraft simulation devices.

Surging investments by governments of various countries in the modernization or upgradation of their military fleets by deploying new generation platforms are likely to bode well for the market. It is further estimated to create a high demand for simulation-based training on these platforms for military personnel.

What are the Challenges Faced by the Military Vehicles and Aircraft Simulations Industry?

Aircraft simulation training devices can often lead to motion sickness and trainees may develop various symptoms, such as vomiting, dizziness, fatigue, and sweating. Regular exposure to these devices is recommended by doctors to help with the adaptation.

Even though most of the training can be efficiently performed on a simulation device, an instructor must be present to train the pilot. Training in simulators requires specific instructional skills, unlike a real aircraft. The lack of skilled trainers in emerging economies may hinder the military vehicles and aircraft simulations market share in the upcoming years.

Why is North America Emerging as a Leading Military Vehicles and Aircraft Simulations Market?

North America is anticipated to remain at the forefront in the military vehicles and aircraft simulations market in the assessment period. This growth is attributable to the rising military expenditure in the U.S.

The Army in the U.S. is constantly procuring multiple technologically advanced military vehicles across the sea, air, and land-based platforms owing to the ongoing rat race for technological superiority. At the same time, the government is investing huge sums in the procurement and development of novel simulation devices, which is likely to augur well for the North America market.

How is Asia Pacific Contributing to Growth of the Military Vehicles and Aircraft Simulations Market?

The rising number of unmanned aerial vehicle deliveries in China and India is likely to accelerate the military vehicles and aircraft simulations market share in Asia Pacific. Governments of these countries are teaming up with aircraft simulator manufacturers to gain access to cutting-edge products.

The ongoing advancement in the field of Artificial Intelligence (AI) is projected to be an important factor that is expected to augment the market in Asia Pacific. OEMs present in developing countries are anticipated to launch new aircraft development programs to support pilot training, which is set to aid the growth.

Market Competition

Some of the key participants present in the global military vehicles and aircraft simulations market include FLIGHTRiX (Command Sims Pvt. Ltd.), Presagis, Rheinmetall Defense, Alsim, Atlantis System Corp., CAE Inc., BAE Systems PLC, FlightSafety International Inc., Moog Inc., Simteq B.V., Lockheed Martin Corporation, Thales Group, Rockwell Collins, PMDG, Israel Aerospace industries, ATC Flight Simulator, Mechtronix Inc., and L-3 Communications Holdings Ltd.

Majority of the key players operating in the market are striving to create unique brands and broaden their geographical extremes to increase their customer base. They are consistently upgrading their existing product portfolios by either launching new simulators or by improving the performance of old ones. Meanwhile, a few other companies are tying up with major airlines globally to offer their in-house products and strengthen their positions.

Report Of Scope

Report Attribute	Details
Growth Rate	CAGR of 7.1% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Type, Application, System, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	FLIGHTRiX (Command Sims Pvt. Ltd.); Presagis; Rheinmetall Defense; Alsim; Atlantis System Corp.; CAE Inc.; BAE Systems PLC; FlightSafety International Inc.; Moog Inc.; Simteq B.V.; Lockheed Martin Corporation; Thales Group; Rockwell Collins; PMDG; Israel Aerospace Industries; ATC Flight Simulator; Mechtronix Inc.; L-3 Communications Holdings Ltd.
Customization	Available Upon Request

Key Segments Profiled in the Military Vehicles and Aircraft Simulations Industry Survey

Type:

• Virtual
• Live
• Constructive
• Others

Application:

• Platform
• System and Maintenance

System:

• Flight Simulation
• Non-flight Simulation

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the military vehicles and aircraft simulations market until 2032?

FMI projects the global military vehicles and aircraft simulations market to expand at a 7.1% value CAGR by 2032.

Which region is forecast to be the most lucrative for military vehicles and aircraft simulations market growth?

North America is expected to be the most opportunistic military vehicles and aircraft simulations market.

Who are some prominent military vehicles and aircraft simulations manufacturers?

BAE Systems PLC, FlightSafety International Inc., Moog Inc., Simteq B.V., Lockheed Martin Corporation, and Thales Group are some of the prominent military vehicles and aircraft simulations manufacturers.