SAN FRANCISCO, October 17, 2016 /PRNewswire/ --
The global flight simulators market is expected to reach USD 5.62 billion by 2024, according to a new report by Grand View Research, Inc. Increasing adoption of FFS owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for FTDs on account of their low operational costs, modular approach, real-time aerodynamic flight model, and remote configuration as well as management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.
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The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive demand for flight simulators over the next eight years.
Browse full research report with TOC on "Flight Simulator Market Analysis By Product (Full Flight Simulator (FFS), Fixed Flight Training Devices (FTD)), By Application (Military & Defense, Civil), By Service And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global flight simulator market on the basis of product, application, service and region:
Access research insight: http://www.grandviewresearch.com/research-insights/flight-simulators-market-majorly-driven-need-improve-safety
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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