FLIGHT SIMULATORS

There is a growing demand for simulators for commercial, business and regional aircraft, which enable real-life scenario, which can be re-configured or possibly be upgraded to support newer aircraft models and the focus on manufacturing such simulators will drive the growth of the players

- AIR MARSHALL SUKHCHAIN SINGH (RETD)

THE PROCUREMENT OF NEW AIRCRAFT FOR BOTH COMMERCIAL and general aviation has seen a growing worldwide pilot demand, which, in turn, has led to the high demand for training aircraft and simulators in flight schools. Although the pandemic had resulted in a drop-in pilot demand, the long-term demand for commercial aircraft pilots remains strong. Many airlines are presently facing pilot shortage, which are affecting their daily operations. The unavailability of trained pilots to cater to the ever-growing demand will generate demand for pilot training globally. Though the COVID-19 pandemic resulted in pilot furloughing in 2020 and 2021, airlines are now focusing on long-term growth strategies and have re-started collaborating with pilot training schools to obtain airline-specific training for the pilots. The civil aviation flight training and simulation market is projected to register a CAGR of over 15 percent during the forecast period (2022-2027).

SIMULATOR MARKET

 The civil aviation flight training and simulation market is moderately fragmented. Leading simulator manufacturer CAE Inc is the global market leader, mainly due to its huge geographical presence and brand image. L3Harris Technologies, TRU Simulation + Training Inc. and FlightSafety International are some of the other prominent players in the market. Simulation & training providers and equipment manufacturers constantly strive to build brand reputation and reach out to across the globe to draw more customers. Flight schools are looking for long-term collaborations with airlines and aircraft operators for pilot training programmes, which may help them generate sustainable revenues for longer durations.