Air Traffic Control Simulation And Training Market Report Overview
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The global air traffic control simulation and training market size was USD 530.8 million in 2021 and is projected to touch USD 2191.57 million by 2031, exhibiting a CAGR of 15.2% during the forecast period.
Air traffic control simulation and training is a mission to provide basic and advanced training of TWR/APP/ACC controllers. It helps to provide information on air/ground movements. They are connected with a complicated pipe framework inside the air handling system. It moves the molded air across the floors.
Growing demand for air traffic controllers is expected to fuel market growth. Increasing number of aircraft orders and deliveries is anticipated to fuel market growth. Rising military aircraft fleet size is predicted to surge market progress. Growing need for air transport is projected to stimulate market growth. Increasing acquisition of UAVs and competitor jets is anticipated to fuel market expansion during the forecast period. Rising need to improve mechanical parts from aluminum mixtures, high-strength steel, and titanium. Growing expenditure in the defense sector is projected to drive market growth. Expansion of military and commercial aircraft is anticipated to surge air traffic control simulation and training market growth.
COVID-19 Impact: Closure of Air Travel to Hamper Market Growth
The COVID-19 pandemic affected the aviation sector. Lockdown restriction and bans on air travel activities reduced market growth. Social distance protocols and curfews declined airline firms' demand. Lower demand for traveling across the world hampered market growth. Halt in hiring new pilots declined automotive adoption. Rescheduled by major flight service companies reduced the training process.
LATEST TRENDS
"Increasing Demand for Pilots in Aircraft Industry to Stimulate Market Development"
Growing demand for pilots in the aircraft industry is expected to expand market growth. Rising demand for new and trained pilots is estimated to accelerate market growth. Growing demand for securing own FAA credentials is projected to drive market expansion during the forecast period. Further, higher acceptance of virtual pilot training is estimated to boost automotive adoption. Increasing demand to provide basic and advanced training of TWR/APP/ACC controllers. Growing need for air transport is projected to stimulate market growth. Increasing improvement of the air traffic control simulation and training is anticipated to fuel air traffic control simulation and training market progress during the forecast period.
Air Traffic Control Simulation And Training Market Segmentation
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- By Type
Based on type, the market is divided into equipment and training services.
Training services is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into civil and military.
Civil is expected to be the leading part of application segmentation.
DRIVING FACTORS
"Growing Need for Air Accident Investigation to Incite Market Growth"
The increasing need for air simulators to investigate the accident is predicted to accelerate market growth. Growing demand for digital data from the (FDR) flight data recorder program is anticipated market growth. Increasing adoption of formal guidance tools is predicted to accelerate market growth. Growing need to understand human factors in aviation accidents is estimated to fuel market growth during the forecast period. Presence of key players and growing investment by major market players are expected to surge market growth during the forecast period. Rising need to improve mechanical parts from aluminum mixtures, high-strength steel, and titanium. Growing expenditure in the defense sector is projected to drive market growth. Expansion of military and commercial aircraft is anticipated to surge air traffic control simulation and training market growth.
"Increasing Air Travelers and Growing Expenditure in Defense Sector to Foster Market Expansion"
Growing demand for aircraft globally is estimated to accelerate market growth. Increasing number of air travelers is projected to drive market growth. The massive expansion of aircraft fleet and the lunch of new airlines globally are anticipated to fuel market growth during the forecast period. Growing defense expenditure across the world is predicted to surge market expansion. Increasing number of aircraft orders is predicted to surge market growth. Expanding demand for air taking care of units from the business application such as research facilities, medical clinics, server farms, business structures, server rooms, and colleges. Such demand for the automobile is anticipated to surge in air traffic control simulation market expansion.
RESTRAINING FACTORS
"Lack of Interoperability to Reduce Market Progress"
Lack of interoperability is estimated to hinder market growth. High product lifecycle is anticipated to restrict market growth. High cost associated in research and development (R&D) activities is predicted to affect market expansion during the forecast period.
Air Traffic Control Simulation And Training Market Regional Insights
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"Growing Aircraft Progress in North America to Drive Market Share "
North America is estimated to dominate air traffic control simulation and training market share due to increasing aircraft progress. Rising military aircraft fleet size is predicted to surge market progress. Growing need for air transport is projected to stimulate market growth. Increasing acquisition of UAVs and competitor jets is anticipated to fuel market expansion during the forecast period. Rising need to improve mechanical parts from aluminum mixtures, high-strength steel, and titanium. Growing expenditure in the defense sector is projected to drive market growth. Expansion of military and commercial aircraft is anticipated to surge air traffic control simulation and training market growth.
Asia Pacific is anticipated to show significant market growth due to growing expenditure in the defense sector. Expansion of military and commercial aircraft is anticipated to surge air traffic control simulation and training market growth. The massive expansion of aircraft fleet and the lunch of new airlines globally are anticipated to fuel market growth during the forecast period. Presence of major market players in the region is estimated to surge market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Development Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Thales Group (France)
- Raytheon (U.S.)
- BAE Systems (U.K.)
- Indra (Spain)
- Quadrant Group Limited (U.K.)
- Saerco (U.K.)
- NTT Data Corporation (Japan)
- SAIC (U.S.)
- NATS (U.K.)
- EIZO Corporation (Japan)
- UFA (Canada)
- Deutsche Flugsicherung (Germany)
- Adacel Technologies (Australia)
- Wisesoft Co. (China)
- Advanced Simulation Technology inc. (ASTi) (U.S.)
- LiTak-Tak (China)
- Prescient (U.S.)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 530.8 Million in 2021 |
Market Size Value By |
US$ 2191.57 Million by 2031 |
Growth Rate |
CAGR of 15.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value are the air traffic control simulation and training market expected to touch by 2031?
The global air traffic control simulation and training market is expected to reach USD 2191.57 million by 2031.
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What CAGR are the air traffic control simulation and training market expected to exhibit by 2031?
The air traffic control simulation and training market are expected to exhibit a CAGR of 15.2% by 2031.
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Which are the driving factors of the air traffic control simulation and training market?
Drivers of this air traffic control simulation and training market growing need for air accident investigation and increasing air travelers and growing expenditure in defense sector.
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Which are the top companies operating in the air traffic control simulation and training market?
Thales Group, Raytheon, BAE Systems, Indra, Quadrant Group Limited, Saerco, NTT Data Corporation, SAIC, NATS, EIZO Corporation, UFA, Deutsche Flugsicherung, Adacel Technologies, Wisesoft Co, Advanced Simulation Technology inc. (ASTi), LiTak-Tak, and Prescient are the top companies operating in the air traffic control simulation and training market
