Simulators Market by Application (Commercial Training, Military Training), Solution (products, Services), Platform (Airborne, Land, Maritime), Technique (Live, Virtual & Constructive, Synthetic Environment, Gaming), Type, Region - Global Forecast to 2027
Simulators Market by Application (Commercial Training, Military Training), Solution (products, Services), Platform (Airborne, Land, Maritime), Technique (Live, Virtual & Constructive, Synthetic Environment, Gaming), Type, Region - Global Forecast to 2027
Abstract
The Simulators market size is projected to grow from USD 25.5 billion in 2022 to USD 34.9 billion by 2027, at a CAGR of 6.5% from 2022 to 2027.Some of the factors fueling the market’s growth include acceptance of virtual pilot training to ensure aviation safety. Developments of simulators for unmanned aerial systems are anticipated to open several growth opportunities during the forecast period.
The maritime segment accounts for the largest market size in the platform segment during the forecast period
Based on platform, the simulators market has been segmented into airborne, land, and maritime. Key players operating in the simulators market are focused on developing advanced simulators to explore new market opportunities in airborne, land, and maritime applications.
The services segment is projected to grow at the highest CAGR during the forecast period
Based on the solution, the simulators market has been segmented into products and services. The services segment includes services that simulator developers and OEMs provide to efficiently maintain and operate installed simulator hardware and software. The breakdown of simulators during any operation can cause significant losses for simulator operators. All paid aftermarket services offered by OEMs to simulator operators have been considered in this segment. There is a growing need for such services, which is expected to boost the segment’s growth
Asia Pacific is expected to account for the largest share in 2021
The Simulators industry has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World. Asia Pacific is estimated to account for the largest share of the Simulators market in 2021.The rise in air traffic passenger, ship orders, and commercial vehicle licenses is a significant factor contributing to the market growth in the Asia Pacific region.
The break-up of profile of primary participants in the Simulators market:
•By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
•By Designation: C Level – 75%, Director Level – 25%
•By Region: North America –20%, Europe – 25%, AsiaPacific – 30%,Middle East – 10%, and Rest of the World – 15%
Major players operating in the Simulators market are CAE Inc. (Canada), L3Harris Technologies, Inc. (US), Thales SA (France), Saab AB (Sweden), Indra (Spain), Flight Safety International(US), The Boeing Company (US), Airbus S.A.S. (Netherlands), TruSimulaion + Training Inc. (US), and Raytheon Company (US).
Research Coverage:
The report segments the Simulators market based on Type, Platform, Technique, Application, Solution and Region. Based on type, the Simulators market is segmented into full mission bridge simulators, full flight simulators, driving simulators, fixed base simulators, flight training devices, vessel traffic control simulators, land forces training simulators, full mission flight simulators and air traffic control simulators. Based on the solution, the market is segmented into products and services. Based on platform, the market is segmented into airborne, land and maritime. Based on the technique, the market is segmented into live, virtual, & constructive (lvc) simulation, synthetic environment simulation and gaming simulation. Based on application, the market is segmented into military and commercial training.
The Simulators market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Simulators market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; Contracts, partnerships, agreements new product & service launches, mergers and acquisitions; and recent developments associated with the Simulators market. Competitive analysis of upcoming startups in the Simulators market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Simulators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Simulators offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product& service launches in the Simulators market
Market Development: Comprehensive information about lucrative markets – the report analyzes the Simulators marketacross varied regions
Market Diversification: Exhaustive information about new products& services, untapped geographies, recent developments, and investments in the Simulators market
Competitive Assessment: In-depth assessment of market shares, growth strategies andservice offerings of leading players in the Simulators market
Content
Table of Contents
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION38
1.3STUDY SCOPE39
1.3.1SIMULATORS MARKET SEGMENTATION39
1.3.2REGIONAL SCOPE39
1.3.3YEARS CONSIDERED40
1.4CURRENCY40
1.4.1USD EXCHANGE RATES40
1.5INCLUSIONS & EXCLUSIONS41
TABLE 1SIMULATORS MARKET: INCLUSIONS & EXCLUSIONS41
1.6LIMITATIONS41
1.7MARKET STAKEHOLDERS42
1.8SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY43
2.1RESEARCH DATA43
FIGURE 1RESEARCH PROCESS FLOW43
FIGURE 2SIMULATORS MARKET: RESEARCH DESIGN44
2.1.1SECONDARY DATA44
2.1.1.1Key data from secondary sources45
2.1.2PRIMARY DATA45
2.1.2.1Key data from primary sources46
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION46
2.1.2.2Insights from industry experts47
TABLE 2DETAILS OF PRIMARY INTERVIEWEES47
2.2FACTOR ANALYSIS47
2.2.1INTRODUCTION47
2.2.2DEMAND-SIDE INDICATORS48
2.2.2.1Increase in conflicts and disputes globally48
2.2.2.2Rise in defense budgets of emerging economies48
2.2.3SUPPLY-SIDE INDICATORS49
2.2.3.1Major US defense contractors’ financial trends49
2.3MARKET SIZE ESTIMATION49
2.3.1BOTTOM-UP APPROACH49
2.3.2PRODUCTS49
TABLE 3SIMULATORS IN AIRBORNE PLATFORMS50
TABLE 4SIMULATORS IN LAND PLATFORMS (BUSES, CARS, AND TRUCKS)50
TABLE 5SIMULATORS IN LAND PLATFORMS (AIRPORTS)51
TABLE 6SIMULATORS IN LAND PLATFORMS (TRAINS & TRAMS)51
TABLE 7SIMULATORS IN LAND PLATFORMS (TANKS, RECONNAISSANCE VEHICLES, AND INFANTRY CARRIER VEHICLES)52
TABLE 8SIMULATORS IN LAND PLATFORMS (INFANTRY WEAPONS)52
TABLE 9SIMULATORS IN LAND PLATFORMS (UNMANNED GROUND VEHICLES)53
TABLE 10SIMULATORS IN MARITIME PLATFORMS (COMMERCIAL, MILITARY, AND UMVS)53
TABLE 11SIMULATORS IN MARITIME PLATFORMS (PORTS)54
2.3.3SERVICES54
2.3.3.1Simulator services market approach54
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH54
2.3.4TOP-DOWN APPROACH55
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH55
2.4MARKET BREAKDOWN & DATA TRIANGULATION55
FIGURE 6DATA TRIANGULATION56
FIGURE 7RESEARCH ASSUMPTIONS57
2.5RISK ANALYSIS57
3EXECUTIVE SUMMARY58
FIGURE 8BY APPLICATION, MILITARY TRAINING SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SHARE THAN COMMERCIAL TRAINING SEGMENT DURING FORECAST PERIOD58
FIGURE 9BY TYPE, AIR TRAFFIC CONTROL SIMULATORS SEGMENT PROJECTED TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD59
FIGURE 10BY PLATFORM, MARITIME SEGMENT PROJECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD59
FIGURE 11ASIA PACIFIC LED SIMULATORS MARKET IN 202160
4PREMIUM INSIGHTS61
4.1ATTRACTIVE OPPORTUNITIES IN SIMULATORS MARKET61
FIGURE 12DEMAND FOR COST-EFFECTIVE VIRTUAL CREW TRAINING EXPECTED TO FUEL MARKET GROWTH DURING FORECAST PERIOD61
4.2SIMULATORS MARKET, BY SOLUTION61
FIGURE 13PRODUCTS SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SHARE THAN SERVICES SEGMENT DURING FORECAST PERIOD61
4.3SIMULATORS MARKET, BY TECHNIQUE62
FIGURE 14LIVE, VIRTUAL, & CONSTRUCTIVE (LVC) SIMULATION SEGMENT PROJECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD62
4.4SIMULATORS MARKET, BY COUNTRY62
FIGURE 15CHINA PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 16SIMULATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES63
5.2.1DRIVERS64
5.2.1.1Growing demand for pilots in aviation industry64
FIGURE 17DEMAND FOR NEW PILOTS, BY REGION (2021–2040)64
5.2.1.2Acceptance of virtual pilot training to ensure aviation safety64
FIGURE 18GLOBAL AIRCRAFT ACCIDENT RATE, 2016—202065
5.2.1.3Need for cost-cutting in pilot training65
FIGURE 19COMPARISON BETWEEN REAL-TIME AND SIMULATOR-BASED TRAINING, BY TOP AIRCRAFT65
5.2.1.4Reduction in military budgets of developed economies66
FIGURE 20INCREASE/DECREASE IN MILITARY SPENDING, BY REGION66
5.2.2RESTRAINTS66
5.2.2.1Longer product lifecycle66
5.2.2.2Lack of interoperability66
5.2.3OPPORTUNITIES67
5.2.3.1Development of simulators for unmanned aerial systems67
5.2.3.2Simulators for air accident investigation67
5.2.4CHALLENGES67
5.2.4.1Stringent regulatory approvals67
5.2.4.2Minimization of weight and size to maintain advanced features67
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS68
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR SIMULATORS MARKET68
FIGURE 21REVENUE SHIFT IN SIMULATORS MARKET68
5.4SIMULATORS MARKET ECOSYSTEM68
5.4.1PROMINENT COMPANIES68
5.4.2PRIVATE AND SMALL ENTERPRISES68
5.4.3END-USERS69
FIGURE 22SIMULATORS MARKET ECOSYSTEM MAP69
TABLE 12SIMULATORS MARKET ECOSYSTEM69
5.5TECHNOLOGY ANALYSIS70
5.5.1SMART SIMULATION WITH DIGITAL TWIN70
5.5.2SIMULATION IN IOT71
5.5.3SMART SIMULATION WITH AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR)71
5.6USE CASE ANALYSIS71
TABLE 13USE CASE: REMOTELY COLLABORATING ON DEFENSE PROJECTS71
TABLE 14USE CASE: MAINTAINING DEFENSE AND ENGINEERING EQUIPMENT72
TABLE 15USE CASE: MILITARY VEHICLE SIMULATION AND TRAINING72
TABLE 16USE CASE: MILITARY AIRCRAFT SIMULATION AND TRAINING72
5.7VALUE CHAIN ANALYSIS OF SIMULATORS MARKET73
FIGURE 23VALUE CHAIN ANALYSIS73
5.8PRICING ANALYSIS74
TABLE 17AVERAGE SELLING PRICE ANALYSIS OF SIMULATORS AND SUBSYSTEMS IN 202174
5.9OPERATIONAL DATA74
TABLE 18VOLUME DATA OF AVIATION SIMULATORS (COMMERCIAL), 2020–202174
5.10PORTER’S FIVE FORCES ANALYSIS75
TABLE 19SIMULATORS MARKET: PORTER’S FIVE FORCES ANALYSIS75
FIGURE 24SIMULATORS MARKET: PORTER’S FIVE FORCES ANALYSIS75
5.10.1THREAT OF NEW ENTRANTS76
5.10.2THREAT OF SUBSTITUTES76
5.10.3BARGAINING POWER OF SUPPLIERS76
5.10.4BARGAINING POWER OF BUYERS76
5.10.5INTENSITY OF COMPETITIVE RIVALRY76
5.11KEY STAKEHOLDERS & BUYING CRITERIA77
5.11.1KEY STAKEHOLDERS IN BUYING PROCESS77
FIGURE 25INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS77
TABLE 20INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)77
5.11.2BUYING CRITERIA78
FIGURE 26KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
TABLE 21KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
5.12TARIFF AND REGULATORY LANDSCAPE79
5.12.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
5.13KEY CONFERENCES AND EVENTS (2022–2023)80
TABLE 22SIMULATORS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS80
6INDUSTRY TRENDS81
6.1INTRODUCTION81
TABLE 23MAPPING OF KEY SIMULATOR MANUFACTURERS AND THEIR CORE COMPETENCY AREAS81
TABLE 24CLASSIFICATION OF AIRBORNE SIMULATION SYSTEMS BASED ON THEIR APPLICATION AREAS AND TRAINING PURPOSES82
TABLE 25CLASSIFICATION OF MARINE SIMULATORS BY INTERNATIONAL MARITIME ORGANIZATION (IMO) BASED ON THEIR APPLICATION82
6.2TECHNOLOGY TRENDS83
6.2.1FULL COMBAT AND MISSION TRAINING IN DOME TRAINER ENVIRONMENTS83
6.2.2STANDALONE BRIDGE SIMULATION CONSOLES (FLEXICON)83
6.2.3BLUEFIRE TECHNOLOGY83
6.2.4MARITIME MOVABLE DESKTOP AND ECDIS SIMULATORS83
6.2.5CAR LEARNING TO ACT (CARLA)83
6.2.6DESKTOP DRIVING SIMULATORS84
6.2.7SYNTHETIC TRAINING ENVIRONMENT84
6.2.8NIGHT VISION TRAINING SYSTEMS84
6.2.9REAL-TIME COMPUTER IMAGE GENERATION84
6.2.10OPTIMAL MOTION-CUEING TECHNOLOGY84
6.2.11RECONFIGURABLE FLIGHT SIMULATION AND TRAINING85
6.2.12GLADIATOR SIMULATION PROGRAMME85
6.2.13HAPTIC TECHNOLOGY (3D TOUCH)85
6.3SUPPLY CHAIN ANALYSIS85
FIGURE 27SUPPLY CHAIN ANALYSIS86
6.4IMPACT OF MEGATRENDS86
6.4.1UNIFIED MILITARY SIMULATION AND TRAINING SYSTEM OPERATIONS WITH COLLABORATIVE COMBAT86
6.4.2ARTIFICIAL INTELLIGENCE ACROSS MILITARY SIMULATION AND TRAINING SYSTEMS87
6.4.33D PRINTING87
6.4.4INTERNET OF THINGS87
6.4.5BIG DATA ANALYTICS88
6.4.6ROBOTIC PROCESS AUTOMATION88
6.4.7CLOUD COMPUTING & MASTER DATA MANAGEMENT89
6.4.8DIGITAL TWIN89
6.4.9BLOCKCHAIN90
6.4.10AR & VR90
6.4.115G90
6.5INNOVATIONS AND PATENT REGISTRATIONS91
TABLE 26INNOVATIONS & PATENT REGISTRATIONS (2012–2021)91
7SIMULATORS MARKET, BY PLATFORM92
7.1INTRODUCTION93
FIGURE 28BY PLATFORM, MARITIME SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD93
TABLE 27SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)93
TABLE 28SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)93
7.2AIRBORNE94
TABLE 29AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)94
TABLE 30AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)94
7.2.1COMMERCIAL94
TABLE 31COMMERCIAL AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)94
TABLE 32COMMERCIAL AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)95
7.2.1.1Narrow-body aircraft (NBA)95
7.2.1.1.1Delivery of different narrow-body aircraft models to drive demand for flight simulators95
7.2.1.2Wide body aircraft (WBA)95
7.2.1.2.1WBA represents market for Airbus A330, Boeing 747, 777, 787, and COMAC C919 aircraft simulators95
7.2.1.3Extra-wide body (EWB)96
7.2.1.3.1EWB includes A380 and A350 aircraft simulators96
7.2.1.4Regional transport aircraft (RTA)96
7.2.1.4.1Regional aircraft includes ATR, CRJ, Q 400, and ERJ aircraft series96
7.2.2MILITARY96
TABLE 33MILITARY AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)96
TABLE 34MILITARY AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)97
7.2.2.1Helicopters97
7.2.2.1.1Augusta Westland AW101, AB205, Airbus Helicopters AS332 Super Puma, Tiger, Bell Helicopter 206 Jet Ranger, AH-1z viper, and Bell 206 are considered under helicopters segment97
7.2.2.2Combat aircraft97
7.2.2.2.1Boeing F/A-18 Hornet, Boeing F-15, Boeing P-8A Poseidon, Dassault Mirage 2000, and Dassault Rafale are considered combat aircraft simulators97
7.2.2.3Training aircraft98
7.2.2.3.1Boeing/BAE Systems T-45 Goshawk, Beechcraft T-34 Metacenter, Aero Vodochody L-59 Super Albatros, and T-1 Jayhawk hawk are considered training aircraft simulators98
7.2.2.4Transport aircraft98
7.2.2.4.1Airbus Military A400M, A330, Alenia Aermacchi C-271J Spartan, Antonov An-32, Boeing 707, and C-17 Globemaster III are considered transport aircraft simulators98
7.2.3UNMANNED AERIAL VEHICLES (UAVS)98
7.3LAND98
TABLE 35LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)98
TABLE 36LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)99
7.3.1COMMERCIAL99
TABLE 37COMMERCIAL LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)99
TABLE 38COMMERCIAL LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)99
7.3.1.1Trucks100
7.3.1.1.1Truck simulators provide basic and advanced training to beginners and experienced drivers100
7.3.1.2Buses100
7.3.1.2.1Bus simulators provide real-time graphs, categorized reports, and recording/replaying facilities of trainee sessions100
7.3.1.3Trains & trams100
7.3.1.3.1Portable train simulators impart training effectively using reaction, perception, and vision tests100
7.3.1.4Cars100
7.3.1.4.1Car driving simulators are built for realistic interpretation of actual driving conditions100
7.3.1.5Airports101
7.3.1.5.1Air traffic controllers use airport simulators to provide training for en route and tower tactical radar displays, electronic flight strips, and flight plan lists101
7.3.2MILITARY101
TABLE 39MILITARY LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)101
TABLE 40MILITARY LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)101
7.3.2.1Reconnaissance vehicles102
7.3.2.1.1Simulators for reconnaissance vehicles provide command and control simulations by using synthetic EO/IR videos and moving targets102
7.3.2.2Infantry carrier vehicles102
7.3.2.2.1Simulators in demand to train special drivers of infantry combat vehicles102
7.3.2.3Tanks102
7.3.2.3.1Tank simulators available in fixed or containerized arrangements for mobile applications102
7.3.2.4Infantry weapons102
7.3.2.4.1Increase in demand for weapon training from military organizations102
7.3.3UNMANNED GROUND VEHICLES (UGVS)102
7.4MARITIME103
TABLE 41MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)103
TABLE 42MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)103
7.4.1COMMERCIAL103
TABLE 43COMMERCIAL MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)103
TABLE 44COMMERCIAL MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)104
7.4.1.1Bulk carriers104
7.4.1.1.1Bulk carrier simulators designed using extensive set of actual maneuvering data from ship management database104
7.4.1.2Container ships104
7.4.1.2.1Container ship simulators help avoid imbalance and loss of equilibrium of ships while loading cargo104
7.4.1.3Fishing vessels104
7.4.1.3.1Kongsberg Digital developed simulator to train professional fishermen for operating fishing vessels104
7.4.1.4Rescue boats105
7.4.1.4.1Rescue boat simulators used to train crew for search & rescue operations105
7.4.1.5Passenger cruises105
7.4.1.5.1Passenger cruise simulators ensure stability of ships105
7.4.1.6Ports105
7.4.1.6.1Rising port investment to increase demand for port simulators105
7.4.2MILITARY105
TABLE 45MILITARY MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)106
TABLE 46MILITARY MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)106
7.4.2.1Frigates106
7.4.2.1.1Frigate simulators provide training to over 200 crew on frigates106
7.4.2.2Submarines106
7.4.2.2.1Increasing focus on developing next-generation submarines to drive segment growth106
7.4.2.3Corvettes107
7.4.2.3.1Over 30 crew members trained on each corvette simulator107
7.4.2.4Destroyers107
7.4.2.4.1Approximately 150 crew members trained on each destroyer simulator107
7.4.2.5Amphibious assault ships107
7.4.2.5.1About 50 crew members trained on each amphibious assault ship simulator107
7.4.3UNMANNED MARITIME VEHICLES (UMVS)107
8SIMULATORS MARKET, BY SOLUTION109
8.1INTRODUCTION110
FIGURE 29BY SOLUTION, PRODUCTS SEGMENT EXPECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD110
TABLE 47SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)110
TABLE 48SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)110
8.2PRODUCTS111
TABLE 49SIMULATOR PRODUCTS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)111
TABLE 50SIMULATOR PRODUCTS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)111
8.2.1HARDWARE111
8.2.1.1Procurement of hardware components by simulator manufacturers drives hardware segment111
8.2.2SOFTWARE112
8.2.2.1Growing demand to integrate multiple sensors with single training system to amplify software adoption and market growth112
8.3SERVICES112
TABLE 51SIMULATOR SERVICES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)112
TABLE 52SIMULATOR SERVICES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)112
8.3.1HARDWARE UPGRADES113
8.3.1.1Rapid modernization of existing airborne, land, and maritime platforms increases demand for hardware upgrades113
8.3.2SOFTWARE UPGRADES113
8.3.2.1Software updates and new features, programs, and algorithms to propel services market113
8.3.3MAINTENANCE & SUPPORT113
8.3.3.1Introduction of innovative technologies, such as VR, drives demand for maintenance & support services113
9SIMULATORS MARKET, BY TYPE114
9.1INTRODUCTION115
FIGURE 30BY TYPE, FULL MISSION BRIDGE SIMULATORS SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD115
TABLE 53SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)115
TABLE 54SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)116
9.2FLIGHT TRAINING DEVICES116
9.2.1NEED FOR PILOT TRAINING TO SUPPORT AIRCREWS AND CADET PILOTS TO FUEL SEGMENT GROWTH116
9.3FULL FLIGHT SIMULATORS116
9.3.1DEMAND FOR EFFICIENCY AND EFFECTIVENESS IN PILOT TRAINING TO DRIVE SEGMENT GROWTH116
TABLE 55FLIGHT SIMULATOR TYPE, BY VOLUME & MANUFACTURER, 2021117
9.4FULL MISSION FLIGHT SIMULATORS117
9.4.1SIMULATION OF REALISTIC FLIGHT TRAINING THROUGH FLIGHT MISSION SYSTEM EXPECTED TO DRIVE DEMAND117
9.5FIXED BASE SIMULATORS118
9.5.1GAMING SIMULATION TECHNIQUE INTEGRATED WITH FIXED BASE SIMULATORS ENABLES STUDENTS TO EXPERIENCE VIRTUAL CHALLENGES118
9.6AIR TRAFFIC CONTROL SIMULATORS118
9.6.1AIR TRAFFIC CONTROL SIMULATORS HELP ATC TRAINEES DEVELOP SKILLS TO HANDLE CHALLENGES118
9.7DRIVING SIMULATORS118
9.7.1DRIVING SIMULATORS PROVIDE HIGH-END TRAINING AND PRACTICE SOLUTIONS FOR BOTH BEGINNERS AND EXPERIENCED MILITARY FORCES118
9.8LAND FORCES TRAINING SIMULATORS119
9.8.1LAND FORCES TRAINING SIMULATORS HELP TRAIN ARMED FORCES WITH INFANTRY WEAPONS119
9.9FULL MISSION BRIDGE SIMULATORS119
9.9.1INCREASING DEMAND TO TRAIN COMMERCIAL AND MILITARY SHIP OPERATORS119
9.10VESSEL TRAFFIC CONTROL SIMULATORS119
9.10.1VESSEL TRAFFIC CONTROL SIMULATORS ARE USED TO TRAIN APPRENTICES TO MANAGE VESSEL TRAFFIC BETTER119
10SIMULATORS MARKET, BY APPLICATION120
10.1INTRODUCTION121
FIGURE 31BY APPLICATION, MILITARY TRAINING SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD121
TABLE 56SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)121
TABLE 57SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)121
10.2COMMERCIAL TRAINING122
10.2.1SIMULATION MODELS PROVIDE VR PLATFORM TO TRAINEES, THEREBY REDUCING OPERATIONAL COSTS122
10.3MILITARY TRAINING122
10.3.1SIMULATORS ARE USED IN MILITARY APPLICATIONS TO RECREATE BATTLEFIELD ENVIRONMENTS FOR REAL-LIFE COMBAT TRAINING VIRTUALLY122
11SIMULATORS MARKET, BY TECHNIQUE123
11.1INTRODUCTION124
FIGURE 32BY TECHNIQUE, LVC SIMULATION SEGMENT EXPECTED TO LEAD MARKET FROM 2022 TO 2027124
TABLE 58SIMULATORS MARKET, BY TECHNIQUE, 2019–2021 (USD MILLION)124
TABLE 59SIMULATORS MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)124
11.2LIVE, VIRTUAL, & CONSTRUCTIVE (LVC) SIMULATION125
11.2.1LVC SIMULATION INCREASINGLY USED IN MILITARY TRAINING PROGRAMS125
11.2.2LIVE125
11.2.3VIRTUAL125
11.2.4CONSTRUCTIVE125
11.3SYNTHETIC ENVIRONMENT SIMULATION126
11.3.1SYNTHETIC ENVIRONMENT IMPROVES TRAINING, MISSION PLANNING AND REHEARSAL, AND OPERATIONAL DECISION-MAKING126
11.4GAMING SIMULATION126
11.4.1INCREASING DEMAND FOR INTERACTIVE LEARNING TO FUEL ADOPTION OF GAMING SIMULATION126
12REGIONAL ANALYSIS127
12.1INTRODUCTION128
FIGURE 33SIMULATORS MARKET IN NORTH AMERICA PROJECTED TO GROW AT HIGHEST RATE FROM 2022 TO 2027128
TABLE 60SIMULATORS MARKET, BY REGION, 2019–2021 (USD MILLION)128
TABLE 61SIMULATORS MARKET, BY REGION, 2022–2027 (USD MILLION)129
12.2NORTH AMERICA129
12.2.1PESTE ANALYSIS: NORTH AMERICA129
FIGURE 34NORTH AMERICA SIMULATORS MARKET SNAPSHOT130
TABLE 62NORTH AMERICA: PORT INVESTMENTS131
TABLE 63NORTH AMERICA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)131
TABLE 64NORTH AMERICA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)132
TABLE 65NORTH AMERICA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)132
TABLE 66NORTH AMERICA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)132
TABLE 67NORTH AMERICA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)132
TABLE 68NORTH AMERICA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)133
TABLE 69NORTH AMERICA: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)133
TABLE 70NORTH AMERICA: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)133
TABLE 71NORTH AMERICA: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)133
TABLE 72NORTH AMERICA: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)134
TABLE 73NORTH AMERICA: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)134
TABLE 74NORTH AMERICA: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)134
TABLE 75NORTH AMERICA: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)134
TABLE 76NORTH AMERICA: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)135
TABLE 77NORTH AMERICA: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)135
TABLE 78NORTH AMERICA: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)135
12.2.2US135
12.2.2.1Rise in air passenger traffic and commercial vessel deliveries driving demand for airborne and maritime simulators135
TABLE 79US: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)136
TABLE 80US: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)136
TABLE 81US: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)137
TABLE 82US: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)137
TABLE 83US: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)137
TABLE 84US: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)137
12.2.3CANADA138
12.2.3.1Increasing demand for pilots and maintenance crew expected to fuel market138
TABLE 85CANADA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)138
TABLE 86CANADA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)139
TABLE 87CANADA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)139
TABLE 88CANADA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)139
TABLE 89CANADA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)139
TABLE 90CANADA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)140
12.3EUROPE140
12.3.1PESTLE ANALYSIS: EUROPE140
FIGURE 35EUROPE SIMULATORS MARKET SNAPSHOT141
TABLE 91EUROPE: PORT INVESTMENTS142
TABLE 92EUROPE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)143
TABLE 93EUROPE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)143
TABLE 94EUROPE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)144
TABLE 95EUROPE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)144
TABLE 96EUROPE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)144
TABLE 97EUROPE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)144
TABLE 98EUROPE: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)144
TABLE 99EUROPE: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)145
TABLE 100EUROPE: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)145
TABLE 101EUROPE: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)145
TABLE 102EUROPE: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)145
TABLE 103EUROPE: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)146
TABLE 104EUROPE: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)146
TABLE 105EUROPE: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)146
TABLE 106EUROPE: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)146
TABLE 107EUROPE: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)147
12.3.2UK147
12.3.2.1Growing requirement for commercial vehicle drivers to increase demand for simulators to train them147
TABLE 108UK: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)148
TABLE 109UK: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)148
TABLE 110UK: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)148
TABLE 111UK: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)149
TABLE 112UK: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)149
TABLE 113UK: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)149
12.3.3GERMANY149
12.3.3.1Rising pilot recruitments to increase demand for simulators during forecast period149
TABLE 114GERMANY: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)150
TABLE 115GERMANY: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)150
TABLE 116GERMANY: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)150
TABLE 117GERMANY: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)151
TABLE 118GERMANY: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)151
TABLE 119GERMANY: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)151
12.3.4ITALY151
12.3.4.1New aircraft deliveries to increase demand for new pilots, in turn, fueling simulators market growth151
TABLE 120ITALY: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)152
TABLE 121ITALY: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)152
TABLE 122ITALY: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)152
TABLE 123ITALY: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)153
TABLE 124ITALY: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)153
TABLE 125ITALY: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)153
12.3.5FRANCE153
12.3.5.1Rising pilot recruitments to further increase demand for simulators153
TABLE 126FRANCE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)154
TABLE 127FRANCE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)154
TABLE 128FRANCE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)155
TABLE 129FRANCE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)155
TABLE 130FRANCE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)155
TABLE 131FRANCE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)155
12.3.6SPAIN156
12.3.6.1Rise in passenger traffic anticipated to increase aircraft deliveries, thereby driving demand for pilots156
TABLE 132SPAIN: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)156
TABLE 133SPAIN: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)157
TABLE 134SPAIN: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)157
TABLE 135SPAIN: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)157
TABLE 136SPAIN: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)157
TABLE 137SPAIN: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)158
12.3.7REST OF EUROPE158
12.3.7.1Rise in aircraft deliveries to increase demand for new pilots and subsequently simulators158
TABLE 138REST OF EUROPE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)158
TABLE 139REST OF EUROPE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)159
TABLE 140REST OF EUROPE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)159
TABLE 141REST OF EUROPE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)159
TABLE 142REST OF EUROPE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)159
TABLE 143REST OF EUROPE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)160
12.4ASIA PACIFIC160
12.4.1PESTLE ANALYSIS: ASIA PACIFIC160
FIGURE 36ASIA PACIFIC SIMULATORS MARKET SNAPSHOT161
TABLE 144ASIA PACIFIC: PORT INVESTMENTS162
TABLE 145ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)163
TABLE 146ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)163
TABLE 147ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)163
TABLE 148ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)164
TABLE 149ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)164
TABLE 150ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)164
TABLE 151ASIA PACIFIC: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)164
TABLE 152ASIA PACIFIC: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 153ASIA PACIFIC: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 154ASIA PACIFIC: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 155ASIA PACIFIC: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 156ASIA PACIFIC: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)166
TABLE 157ASIA PACIFIC: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)166
TABLE 158ASIA PACIFIC: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)166
TABLE 159ASIA PACIFIC: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)166
TABLE 160ASIA PACIFIC: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)167
12.4.2CHINA167
12.4.2.1Rise in trade activities anticipated to increase demand for commercial vessels, thereby fueling demand for vessel crew and commanders167
TABLE 161CHINA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)168
TABLE 162CHINA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)168
TABLE 163CHINA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)168
TABLE 164CHINA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)169
TABLE 165CHINA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)169
TABLE 166CHINA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)169
12.4.3JAPAN169
12.4.3.1New ship orders to increase demand for new ship crew, thereby boosting demand for simulators to train them169
TABLE 167JAPAN: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)170
TABLE 168JAPAN: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)170
TABLE 169JAPAN: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)170
TABLE 170JAPAN: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)171
TABLE 171JAPAN: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)171
TABLE 172JAPAN: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)171
12.4.4INDIA171
12.4.4.1Huge demand for loco pilots anticipated to drive market171
TABLE 173INDIA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)172
TABLE 174INDIA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)172
TABLE 175INDIA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)172
TABLE 176INDIA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)173
TABLE 177INDIA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)173
TABLE 178INDIA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)173
12.4.5SOUTH KOREA173
12.4.5.1New ship orders anticipated to increase demand for ship crew, thereby boosting demand for simulators to train them173
TABLE 179SOUTH KOREA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)174
TABLE 180SOUTH KOREA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)174
TABLE 181SOUTH KOREA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)174
TABLE 182SOUTH KOREA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)175
TABLE 183SOUTH KOREA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)175
TABLE 184SOUTH KOREA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)175
12.4.6AUSTRALIA175
12.4.6.1Rising pilot recruitments anticipated to boost demand for simulators175
TABLE 185AUSTRALIA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)176
TABLE 186AUSTRALIA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)176
TABLE 187AUSTRALIA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)176
TABLE 188AUSTRALIA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)177
TABLE 189AUSTRALIA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)177
TABLE 190AUSTRALIA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)177
12.4.7REST OF ASIA PACIFIC177
12.4.7.1Rise in aircraft orders to drive demand for pilots and, in turn, boost demand for simulators during forecast period177
TABLE 191REST OF ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)178
TABLE 192REST OF ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)178
TABLE 193REST OF ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)178
TABLE 194REST OF ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)179
TABLE 195REST OF ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)179
TABLE 196REST OF ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)179
The maritime segment accounts for the largest market size in the platform segment during the forecast period
Based on platform, the simulators market has been segmented into airborne, land, and maritime. Key players operating in the simulators market are focused on developing advanced simulators to explore new market opportunities in airborne, land, and maritime applications.
The services segment is projected to grow at the highest CAGR during the forecast period
Based on the solution, the simulators market has been segmented into products and services. The services segment includes services that simulator developers and OEMs provide to efficiently maintain and operate installed simulator hardware and software. The breakdown of simulators during any operation can cause significant losses for simulator operators. All paid aftermarket services offered by OEMs to simulator operators have been considered in this segment. There is a growing need for such services, which is expected to boost the segment’s growth
Asia Pacific is expected to account for the largest share in 2021
The Simulators industry has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World. Asia Pacific is estimated to account for the largest share of the Simulators market in 2021.The rise in air traffic passenger, ship orders, and commercial vehicle licenses is a significant factor contributing to the market growth in the Asia Pacific region.
The break-up of profile of primary participants in the Simulators market:
•By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
•By Designation: C Level – 75%, Director Level – 25%
•By Region: North America –20%, Europe – 25%, AsiaPacific – 30%,Middle East – 10%, and Rest of the World – 15%
Major players operating in the Simulators market are CAE Inc. (Canada), L3Harris Technologies, Inc. (US), Thales SA (France), Saab AB (Sweden), Indra (Spain), Flight Safety International(US), The Boeing Company (US), Airbus S.A.S. (Netherlands), TruSimulaion + Training Inc. (US), and Raytheon Company (US).
Research Coverage:
The report segments the Simulators market based on Type, Platform, Technique, Application, Solution and Region. Based on type, the Simulators market is segmented into full mission bridge simulators, full flight simulators, driving simulators, fixed base simulators, flight training devices, vessel traffic control simulators, land forces training simulators, full mission flight simulators and air traffic control simulators. Based on the solution, the market is segmented into products and services. Based on platform, the market is segmented into airborne, land and maritime. Based on the technique, the market is segmented into live, virtual, & constructive (lvc) simulation, synthetic environment simulation and gaming simulation. Based on application, the market is segmented into military and commercial training.
The Simulators market has been studied for North America, Europe, Asia Pacific, Middle East, and Rest of the World. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Simulators market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; Contracts, partnerships, agreements new product & service launches, mergers and acquisitions; and recent developments associated with the Simulators market. Competitive analysis of upcoming startups in the Simulators market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Simulators market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Simulators offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product& service launches in the Simulators market
Market Development: Comprehensive information about lucrative markets – the report analyzes the Simulators marketacross varied regions
Market Diversification: Exhaustive information about new products& services, untapped geographies, recent developments, and investments in the Simulators market
Competitive Assessment: In-depth assessment of market shares, growth strategies andservice offerings of leading players in the Simulators market
1INTRODUCTION38
1.1STUDY OBJECTIVES38
1.2MARKET DEFINITION38
1.3STUDY SCOPE39
1.3.1SIMULATORS MARKET SEGMENTATION39
1.3.2REGIONAL SCOPE39
1.3.3YEARS CONSIDERED40
1.4CURRENCY40
1.4.1USD EXCHANGE RATES40
1.5INCLUSIONS & EXCLUSIONS41
TABLE 1SIMULATORS MARKET: INCLUSIONS & EXCLUSIONS41
1.6LIMITATIONS41
1.7MARKET STAKEHOLDERS42
1.8SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY43
2.1RESEARCH DATA43
FIGURE 1RESEARCH PROCESS FLOW43
FIGURE 2SIMULATORS MARKET: RESEARCH DESIGN44
2.1.1SECONDARY DATA44
2.1.1.1Key data from secondary sources45
2.1.2PRIMARY DATA45
2.1.2.1Key data from primary sources46
FIGURE 3BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION46
2.1.2.2Insights from industry experts47
TABLE 2DETAILS OF PRIMARY INTERVIEWEES47
2.2FACTOR ANALYSIS47
2.2.1INTRODUCTION47
2.2.2DEMAND-SIDE INDICATORS48
2.2.2.1Increase in conflicts and disputes globally48
2.2.2.2Rise in defense budgets of emerging economies48
2.2.3SUPPLY-SIDE INDICATORS49
2.2.3.1Major US defense contractors’ financial trends49
2.3MARKET SIZE ESTIMATION49
2.3.1BOTTOM-UP APPROACH49
2.3.2PRODUCTS49
TABLE 3SIMULATORS IN AIRBORNE PLATFORMS50
TABLE 4SIMULATORS IN LAND PLATFORMS (BUSES, CARS, AND TRUCKS)50
TABLE 5SIMULATORS IN LAND PLATFORMS (AIRPORTS)51
TABLE 6SIMULATORS IN LAND PLATFORMS (TRAINS & TRAMS)51
TABLE 7SIMULATORS IN LAND PLATFORMS (TANKS, RECONNAISSANCE VEHICLES, AND INFANTRY CARRIER VEHICLES)52
TABLE 8SIMULATORS IN LAND PLATFORMS (INFANTRY WEAPONS)52
TABLE 9SIMULATORS IN LAND PLATFORMS (UNMANNED GROUND VEHICLES)53
TABLE 10SIMULATORS IN MARITIME PLATFORMS (COMMERCIAL, MILITARY, AND UMVS)53
TABLE 11SIMULATORS IN MARITIME PLATFORMS (PORTS)54
2.3.3SERVICES54
2.3.3.1Simulator services market approach54
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH54
2.3.4TOP-DOWN APPROACH55
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH55
2.4MARKET BREAKDOWN & DATA TRIANGULATION55
FIGURE 6DATA TRIANGULATION56
FIGURE 7RESEARCH ASSUMPTIONS57
2.5RISK ANALYSIS57
3EXECUTIVE SUMMARY58
FIGURE 8BY APPLICATION, MILITARY TRAINING SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SHARE THAN COMMERCIAL TRAINING SEGMENT DURING FORECAST PERIOD58
FIGURE 9BY TYPE, AIR TRAFFIC CONTROL SIMULATORS SEGMENT PROJECTED TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD59
FIGURE 10BY PLATFORM, MARITIME SEGMENT PROJECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD59
FIGURE 11ASIA PACIFIC LED SIMULATORS MARKET IN 202160
4PREMIUM INSIGHTS61
4.1ATTRACTIVE OPPORTUNITIES IN SIMULATORS MARKET61
FIGURE 12DEMAND FOR COST-EFFECTIVE VIRTUAL CREW TRAINING EXPECTED TO FUEL MARKET GROWTH DURING FORECAST PERIOD61
4.2SIMULATORS MARKET, BY SOLUTION61
FIGURE 13PRODUCTS SEGMENT EXPECTED TO ACCOUNT FOR LARGER MARKET SHARE THAN SERVICES SEGMENT DURING FORECAST PERIOD61
4.3SIMULATORS MARKET, BY TECHNIQUE62
FIGURE 14LIVE, VIRTUAL, & CONSTRUCTIVE (LVC) SIMULATION SEGMENT PROJECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD62
4.4SIMULATORS MARKET, BY COUNTRY62
FIGURE 15CHINA PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD62
5MARKET OVERVIEW63
5.1INTRODUCTION63
5.2MARKET DYNAMICS63
FIGURE 16SIMULATORS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES63
5.2.1DRIVERS64
5.2.1.1Growing demand for pilots in aviation industry64
FIGURE 17DEMAND FOR NEW PILOTS, BY REGION (2021–2040)64
5.2.1.2Acceptance of virtual pilot training to ensure aviation safety64
FIGURE 18GLOBAL AIRCRAFT ACCIDENT RATE, 2016—202065
5.2.1.3Need for cost-cutting in pilot training65
FIGURE 19COMPARISON BETWEEN REAL-TIME AND SIMULATOR-BASED TRAINING, BY TOP AIRCRAFT65
5.2.1.4Reduction in military budgets of developed economies66
FIGURE 20INCREASE/DECREASE IN MILITARY SPENDING, BY REGION66
5.2.2RESTRAINTS66
5.2.2.1Longer product lifecycle66
5.2.2.2Lack of interoperability66
5.2.3OPPORTUNITIES67
5.2.3.1Development of simulators for unmanned aerial systems67
5.2.3.2Simulators for air accident investigation67
5.2.4CHALLENGES67
5.2.4.1Stringent regulatory approvals67
5.2.4.2Minimization of weight and size to maintain advanced features67
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS68
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR SIMULATORS MARKET68
FIGURE 21REVENUE SHIFT IN SIMULATORS MARKET68
5.4SIMULATORS MARKET ECOSYSTEM68
5.4.1PROMINENT COMPANIES68
5.4.2PRIVATE AND SMALL ENTERPRISES68
5.4.3END-USERS69
FIGURE 22SIMULATORS MARKET ECOSYSTEM MAP69
TABLE 12SIMULATORS MARKET ECOSYSTEM69
5.5TECHNOLOGY ANALYSIS70
5.5.1SMART SIMULATION WITH DIGITAL TWIN70
5.5.2SIMULATION IN IOT71
5.5.3SMART SIMULATION WITH AUGMENTED REALITY (AR) AND VIRTUAL REALITY (VR)71
5.6USE CASE ANALYSIS71
TABLE 13USE CASE: REMOTELY COLLABORATING ON DEFENSE PROJECTS71
TABLE 14USE CASE: MAINTAINING DEFENSE AND ENGINEERING EQUIPMENT72
TABLE 15USE CASE: MILITARY VEHICLE SIMULATION AND TRAINING72
TABLE 16USE CASE: MILITARY AIRCRAFT SIMULATION AND TRAINING72
5.7VALUE CHAIN ANALYSIS OF SIMULATORS MARKET73
FIGURE 23VALUE CHAIN ANALYSIS73
5.8PRICING ANALYSIS74
TABLE 17AVERAGE SELLING PRICE ANALYSIS OF SIMULATORS AND SUBSYSTEMS IN 202174
5.9OPERATIONAL DATA74
TABLE 18VOLUME DATA OF AVIATION SIMULATORS (COMMERCIAL), 2020–202174
5.10PORTER’S FIVE FORCES ANALYSIS75
TABLE 19SIMULATORS MARKET: PORTER’S FIVE FORCES ANALYSIS75
FIGURE 24SIMULATORS MARKET: PORTER’S FIVE FORCES ANALYSIS75
5.10.1THREAT OF NEW ENTRANTS76
5.10.2THREAT OF SUBSTITUTES76
5.10.3BARGAINING POWER OF SUPPLIERS76
5.10.4BARGAINING POWER OF BUYERS76
5.10.5INTENSITY OF COMPETITIVE RIVALRY76
5.11KEY STAKEHOLDERS & BUYING CRITERIA77
5.11.1KEY STAKEHOLDERS IN BUYING PROCESS77
FIGURE 25INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS77
TABLE 20INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)77
5.11.2BUYING CRITERIA78
FIGURE 26KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
TABLE 21KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS78
5.12TARIFF AND REGULATORY LANDSCAPE79
5.12.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS79
5.13KEY CONFERENCES AND EVENTS (2022–2023)80
TABLE 22SIMULATORS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS80
6INDUSTRY TRENDS81
6.1INTRODUCTION81
TABLE 23MAPPING OF KEY SIMULATOR MANUFACTURERS AND THEIR CORE COMPETENCY AREAS81
TABLE 24CLASSIFICATION OF AIRBORNE SIMULATION SYSTEMS BASED ON THEIR APPLICATION AREAS AND TRAINING PURPOSES82
TABLE 25CLASSIFICATION OF MARINE SIMULATORS BY INTERNATIONAL MARITIME ORGANIZATION (IMO) BASED ON THEIR APPLICATION82
6.2TECHNOLOGY TRENDS83
6.2.1FULL COMBAT AND MISSION TRAINING IN DOME TRAINER ENVIRONMENTS83
6.2.2STANDALONE BRIDGE SIMULATION CONSOLES (FLEXICON)83
6.2.3BLUEFIRE TECHNOLOGY83
6.2.4MARITIME MOVABLE DESKTOP AND ECDIS SIMULATORS83
6.2.5CAR LEARNING TO ACT (CARLA)83
6.2.6DESKTOP DRIVING SIMULATORS84
6.2.7SYNTHETIC TRAINING ENVIRONMENT84
6.2.8NIGHT VISION TRAINING SYSTEMS84
6.2.9REAL-TIME COMPUTER IMAGE GENERATION84
6.2.10OPTIMAL MOTION-CUEING TECHNOLOGY84
6.2.11RECONFIGURABLE FLIGHT SIMULATION AND TRAINING85
6.2.12GLADIATOR SIMULATION PROGRAMME85
6.2.13HAPTIC TECHNOLOGY (3D TOUCH)85
6.3SUPPLY CHAIN ANALYSIS85
FIGURE 27SUPPLY CHAIN ANALYSIS86
6.4IMPACT OF MEGATRENDS86
6.4.1UNIFIED MILITARY SIMULATION AND TRAINING SYSTEM OPERATIONS WITH COLLABORATIVE COMBAT86
6.4.2ARTIFICIAL INTELLIGENCE ACROSS MILITARY SIMULATION AND TRAINING SYSTEMS87
6.4.33D PRINTING87
6.4.4INTERNET OF THINGS87
6.4.5BIG DATA ANALYTICS88
6.4.6ROBOTIC PROCESS AUTOMATION88
6.4.7CLOUD COMPUTING & MASTER DATA MANAGEMENT89
6.4.8DIGITAL TWIN89
6.4.9BLOCKCHAIN90
6.4.10AR & VR90
6.4.115G90
6.5INNOVATIONS AND PATENT REGISTRATIONS91
TABLE 26INNOVATIONS & PATENT REGISTRATIONS (2012–2021)91
7SIMULATORS MARKET, BY PLATFORM92
7.1INTRODUCTION93
FIGURE 28BY PLATFORM, MARITIME SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD93
TABLE 27SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)93
TABLE 28SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)93
7.2AIRBORNE94
TABLE 29AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)94
TABLE 30AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)94
7.2.1COMMERCIAL94
TABLE 31COMMERCIAL AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)94
TABLE 32COMMERCIAL AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)95
7.2.1.1Narrow-body aircraft (NBA)95
7.2.1.1.1Delivery of different narrow-body aircraft models to drive demand for flight simulators95
7.2.1.2Wide body aircraft (WBA)95
7.2.1.2.1WBA represents market for Airbus A330, Boeing 747, 777, 787, and COMAC C919 aircraft simulators95
7.2.1.3Extra-wide body (EWB)96
7.2.1.3.1EWB includes A380 and A350 aircraft simulators96
7.2.1.4Regional transport aircraft (RTA)96
7.2.1.4.1Regional aircraft includes ATR, CRJ, Q 400, and ERJ aircraft series96
7.2.2MILITARY96
TABLE 33MILITARY AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)96
TABLE 34MILITARY AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)97
7.2.2.1Helicopters97
7.2.2.1.1Augusta Westland AW101, AB205, Airbus Helicopters AS332 Super Puma, Tiger, Bell Helicopter 206 Jet Ranger, AH-1z viper, and Bell 206 are considered under helicopters segment97
7.2.2.2Combat aircraft97
7.2.2.2.1Boeing F/A-18 Hornet, Boeing F-15, Boeing P-8A Poseidon, Dassault Mirage 2000, and Dassault Rafale are considered combat aircraft simulators97
7.2.2.3Training aircraft98
7.2.2.3.1Boeing/BAE Systems T-45 Goshawk, Beechcraft T-34 Metacenter, Aero Vodochody L-59 Super Albatros, and T-1 Jayhawk hawk are considered training aircraft simulators98
7.2.2.4Transport aircraft98
7.2.2.4.1Airbus Military A400M, A330, Alenia Aermacchi C-271J Spartan, Antonov An-32, Boeing 707, and C-17 Globemaster III are considered transport aircraft simulators98
7.2.3UNMANNED AERIAL VEHICLES (UAVS)98
7.3LAND98
TABLE 35LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)98
TABLE 36LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)99
7.3.1COMMERCIAL99
TABLE 37COMMERCIAL LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)99
TABLE 38COMMERCIAL LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)99
7.3.1.1Trucks100
7.3.1.1.1Truck simulators provide basic and advanced training to beginners and experienced drivers100
7.3.1.2Buses100
7.3.1.2.1Bus simulators provide real-time graphs, categorized reports, and recording/replaying facilities of trainee sessions100
7.3.1.3Trains & trams100
7.3.1.3.1Portable train simulators impart training effectively using reaction, perception, and vision tests100
7.3.1.4Cars100
7.3.1.4.1Car driving simulators are built for realistic interpretation of actual driving conditions100
7.3.1.5Airports101
7.3.1.5.1Air traffic controllers use airport simulators to provide training for en route and tower tactical radar displays, electronic flight strips, and flight plan lists101
7.3.2MILITARY101
TABLE 39MILITARY LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)101
TABLE 40MILITARY LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)101
7.3.2.1Reconnaissance vehicles102
7.3.2.1.1Simulators for reconnaissance vehicles provide command and control simulations by using synthetic EO/IR videos and moving targets102
7.3.2.2Infantry carrier vehicles102
7.3.2.2.1Simulators in demand to train special drivers of infantry combat vehicles102
7.3.2.3Tanks102
7.3.2.3.1Tank simulators available in fixed or containerized arrangements for mobile applications102
7.3.2.4Infantry weapons102
7.3.2.4.1Increase in demand for weapon training from military organizations102
7.3.3UNMANNED GROUND VEHICLES (UGVS)102
7.4MARITIME103
TABLE 41MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)103
TABLE 42MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)103
7.4.1COMMERCIAL103
TABLE 43COMMERCIAL MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)103
TABLE 44COMMERCIAL MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)104
7.4.1.1Bulk carriers104
7.4.1.1.1Bulk carrier simulators designed using extensive set of actual maneuvering data from ship management database104
7.4.1.2Container ships104
7.4.1.2.1Container ship simulators help avoid imbalance and loss of equilibrium of ships while loading cargo104
7.4.1.3Fishing vessels104
7.4.1.3.1Kongsberg Digital developed simulator to train professional fishermen for operating fishing vessels104
7.4.1.4Rescue boats105
7.4.1.4.1Rescue boat simulators used to train crew for search & rescue operations105
7.4.1.5Passenger cruises105
7.4.1.5.1Passenger cruise simulators ensure stability of ships105
7.4.1.6Ports105
7.4.1.6.1Rising port investment to increase demand for port simulators105
7.4.2MILITARY105
TABLE 45MILITARY MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)106
TABLE 46MILITARY MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)106
7.4.2.1Frigates106
7.4.2.1.1Frigate simulators provide training to over 200 crew on frigates106
7.4.2.2Submarines106
7.4.2.2.1Increasing focus on developing next-generation submarines to drive segment growth106
7.4.2.3Corvettes107
7.4.2.3.1Over 30 crew members trained on each corvette simulator107
7.4.2.4Destroyers107
7.4.2.4.1Approximately 150 crew members trained on each destroyer simulator107
7.4.2.5Amphibious assault ships107
7.4.2.5.1About 50 crew members trained on each amphibious assault ship simulator107
7.4.3UNMANNED MARITIME VEHICLES (UMVS)107
8SIMULATORS MARKET, BY SOLUTION109
8.1INTRODUCTION110
FIGURE 29BY SOLUTION, PRODUCTS SEGMENT EXPECTED TO LEAD SIMULATORS MARKET DURING FORECAST PERIOD110
TABLE 47SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)110
TABLE 48SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)110
8.2PRODUCTS111
TABLE 49SIMULATOR PRODUCTS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)111
TABLE 50SIMULATOR PRODUCTS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)111
8.2.1HARDWARE111
8.2.1.1Procurement of hardware components by simulator manufacturers drives hardware segment111
8.2.2SOFTWARE112
8.2.2.1Growing demand to integrate multiple sensors with single training system to amplify software adoption and market growth112
8.3SERVICES112
TABLE 51SIMULATOR SERVICES MARKET, BY SOLUTION, 2019–2021 (USD MILLION)112
TABLE 52SIMULATOR SERVICES MARKET, BY SOLUTION, 2022–2027 (USD MILLION)112
8.3.1HARDWARE UPGRADES113
8.3.1.1Rapid modernization of existing airborne, land, and maritime platforms increases demand for hardware upgrades113
8.3.2SOFTWARE UPGRADES113
8.3.2.1Software updates and new features, programs, and algorithms to propel services market113
8.3.3MAINTENANCE & SUPPORT113
8.3.3.1Introduction of innovative technologies, such as VR, drives demand for maintenance & support services113
9SIMULATORS MARKET, BY TYPE114
9.1INTRODUCTION115
FIGURE 30BY TYPE, FULL MISSION BRIDGE SIMULATORS SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD115
TABLE 53SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)115
TABLE 54SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)116
9.2FLIGHT TRAINING DEVICES116
9.2.1NEED FOR PILOT TRAINING TO SUPPORT AIRCREWS AND CADET PILOTS TO FUEL SEGMENT GROWTH116
9.3FULL FLIGHT SIMULATORS116
9.3.1DEMAND FOR EFFICIENCY AND EFFECTIVENESS IN PILOT TRAINING TO DRIVE SEGMENT GROWTH116
TABLE 55FLIGHT SIMULATOR TYPE, BY VOLUME & MANUFACTURER, 2021117
9.4FULL MISSION FLIGHT SIMULATORS117
9.4.1SIMULATION OF REALISTIC FLIGHT TRAINING THROUGH FLIGHT MISSION SYSTEM EXPECTED TO DRIVE DEMAND117
9.5FIXED BASE SIMULATORS118
9.5.1GAMING SIMULATION TECHNIQUE INTEGRATED WITH FIXED BASE SIMULATORS ENABLES STUDENTS TO EXPERIENCE VIRTUAL CHALLENGES118
9.6AIR TRAFFIC CONTROL SIMULATORS118
9.6.1AIR TRAFFIC CONTROL SIMULATORS HELP ATC TRAINEES DEVELOP SKILLS TO HANDLE CHALLENGES118
9.7DRIVING SIMULATORS118
9.7.1DRIVING SIMULATORS PROVIDE HIGH-END TRAINING AND PRACTICE SOLUTIONS FOR BOTH BEGINNERS AND EXPERIENCED MILITARY FORCES118
9.8LAND FORCES TRAINING SIMULATORS119
9.8.1LAND FORCES TRAINING SIMULATORS HELP TRAIN ARMED FORCES WITH INFANTRY WEAPONS119
9.9FULL MISSION BRIDGE SIMULATORS119
9.9.1INCREASING DEMAND TO TRAIN COMMERCIAL AND MILITARY SHIP OPERATORS119
9.10VESSEL TRAFFIC CONTROL SIMULATORS119
9.10.1VESSEL TRAFFIC CONTROL SIMULATORS ARE USED TO TRAIN APPRENTICES TO MANAGE VESSEL TRAFFIC BETTER119
10SIMULATORS MARKET, BY APPLICATION120
10.1INTRODUCTION121
FIGURE 31BY APPLICATION, MILITARY TRAINING SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD121
TABLE 56SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)121
TABLE 57SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)121
10.2COMMERCIAL TRAINING122
10.2.1SIMULATION MODELS PROVIDE VR PLATFORM TO TRAINEES, THEREBY REDUCING OPERATIONAL COSTS122
10.3MILITARY TRAINING122
10.3.1SIMULATORS ARE USED IN MILITARY APPLICATIONS TO RECREATE BATTLEFIELD ENVIRONMENTS FOR REAL-LIFE COMBAT TRAINING VIRTUALLY122
11SIMULATORS MARKET, BY TECHNIQUE123
11.1INTRODUCTION124
FIGURE 32BY TECHNIQUE, LVC SIMULATION SEGMENT EXPECTED TO LEAD MARKET FROM 2022 TO 2027124
TABLE 58SIMULATORS MARKET, BY TECHNIQUE, 2019–2021 (USD MILLION)124
TABLE 59SIMULATORS MARKET, BY TECHNIQUE, 2022–2027 (USD MILLION)124
11.2LIVE, VIRTUAL, & CONSTRUCTIVE (LVC) SIMULATION125
11.2.1LVC SIMULATION INCREASINGLY USED IN MILITARY TRAINING PROGRAMS125
11.2.2LIVE125
11.2.3VIRTUAL125
11.2.4CONSTRUCTIVE125
11.3SYNTHETIC ENVIRONMENT SIMULATION126
11.3.1SYNTHETIC ENVIRONMENT IMPROVES TRAINING, MISSION PLANNING AND REHEARSAL, AND OPERATIONAL DECISION-MAKING126
11.4GAMING SIMULATION126
11.4.1INCREASING DEMAND FOR INTERACTIVE LEARNING TO FUEL ADOPTION OF GAMING SIMULATION126
12REGIONAL ANALYSIS127
12.1INTRODUCTION128
FIGURE 33SIMULATORS MARKET IN NORTH AMERICA PROJECTED TO GROW AT HIGHEST RATE FROM 2022 TO 2027128
TABLE 60SIMULATORS MARKET, BY REGION, 2019–2021 (USD MILLION)128
TABLE 61SIMULATORS MARKET, BY REGION, 2022–2027 (USD MILLION)129
12.2NORTH AMERICA129
12.2.1PESTE ANALYSIS: NORTH AMERICA129
FIGURE 34NORTH AMERICA SIMULATORS MARKET SNAPSHOT130
TABLE 62NORTH AMERICA: PORT INVESTMENTS131
TABLE 63NORTH AMERICA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)131
TABLE 64NORTH AMERICA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)132
TABLE 65NORTH AMERICA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)132
TABLE 66NORTH AMERICA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)132
TABLE 67NORTH AMERICA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)132
TABLE 68NORTH AMERICA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)133
TABLE 69NORTH AMERICA: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)133
TABLE 70NORTH AMERICA: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)133
TABLE 71NORTH AMERICA: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)133
TABLE 72NORTH AMERICA: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)134
TABLE 73NORTH AMERICA: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)134
TABLE 74NORTH AMERICA: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)134
TABLE 75NORTH AMERICA: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)134
TABLE 76NORTH AMERICA: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)135
TABLE 77NORTH AMERICA: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)135
TABLE 78NORTH AMERICA: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)135
12.2.2US135
12.2.2.1Rise in air passenger traffic and commercial vessel deliveries driving demand for airborne and maritime simulators135
TABLE 79US: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)136
TABLE 80US: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)136
TABLE 81US: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)137
TABLE 82US: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)137
TABLE 83US: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)137
TABLE 84US: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)137
12.2.3CANADA138
12.2.3.1Increasing demand for pilots and maintenance crew expected to fuel market138
TABLE 85CANADA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)138
TABLE 86CANADA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)139
TABLE 87CANADA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)139
TABLE 88CANADA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)139
TABLE 89CANADA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)139
TABLE 90CANADA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)140
12.3EUROPE140
12.3.1PESTLE ANALYSIS: EUROPE140
FIGURE 35EUROPE SIMULATORS MARKET SNAPSHOT141
TABLE 91EUROPE: PORT INVESTMENTS142
TABLE 92EUROPE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)143
TABLE 93EUROPE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)143
TABLE 94EUROPE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)144
TABLE 95EUROPE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)144
TABLE 96EUROPE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)144
TABLE 97EUROPE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)144
TABLE 98EUROPE: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)144
TABLE 99EUROPE: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)145
TABLE 100EUROPE: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)145
TABLE 101EUROPE: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)145
TABLE 102EUROPE: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)145
TABLE 103EUROPE: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)146
TABLE 104EUROPE: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)146
TABLE 105EUROPE: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)146
TABLE 106EUROPE: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)146
TABLE 107EUROPE: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)147
12.3.2UK147
12.3.2.1Growing requirement for commercial vehicle drivers to increase demand for simulators to train them147
TABLE 108UK: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)148
TABLE 109UK: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)148
TABLE 110UK: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)148
TABLE 111UK: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)149
TABLE 112UK: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)149
TABLE 113UK: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)149
12.3.3GERMANY149
12.3.3.1Rising pilot recruitments to increase demand for simulators during forecast period149
TABLE 114GERMANY: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)150
TABLE 115GERMANY: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)150
TABLE 116GERMANY: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)150
TABLE 117GERMANY: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)151
TABLE 118GERMANY: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)151
TABLE 119GERMANY: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)151
12.3.4ITALY151
12.3.4.1New aircraft deliveries to increase demand for new pilots, in turn, fueling simulators market growth151
TABLE 120ITALY: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)152
TABLE 121ITALY: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)152
TABLE 122ITALY: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)152
TABLE 123ITALY: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)153
TABLE 124ITALY: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)153
TABLE 125ITALY: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)153
12.3.5FRANCE153
12.3.5.1Rising pilot recruitments to further increase demand for simulators153
TABLE 126FRANCE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)154
TABLE 127FRANCE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)154
TABLE 128FRANCE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)155
TABLE 129FRANCE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)155
TABLE 130FRANCE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)155
TABLE 131FRANCE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)155
12.3.6SPAIN156
12.3.6.1Rise in passenger traffic anticipated to increase aircraft deliveries, thereby driving demand for pilots156
TABLE 132SPAIN: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)156
TABLE 133SPAIN: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)157
TABLE 134SPAIN: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)157
TABLE 135SPAIN: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)157
TABLE 136SPAIN: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)157
TABLE 137SPAIN: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)158
12.3.7REST OF EUROPE158
12.3.7.1Rise in aircraft deliveries to increase demand for new pilots and subsequently simulators158
TABLE 138REST OF EUROPE: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)158
TABLE 139REST OF EUROPE: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)159
TABLE 140REST OF EUROPE: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)159
TABLE 141REST OF EUROPE: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)159
TABLE 142REST OF EUROPE: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)159
TABLE 143REST OF EUROPE: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)160
12.4ASIA PACIFIC160
12.4.1PESTLE ANALYSIS: ASIA PACIFIC160
FIGURE 36ASIA PACIFIC SIMULATORS MARKET SNAPSHOT161
TABLE 144ASIA PACIFIC: PORT INVESTMENTS162
TABLE 145ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)163
TABLE 146ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)163
TABLE 147ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)163
TABLE 148ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)164
TABLE 149ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)164
TABLE 150ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)164
TABLE 151ASIA PACIFIC: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)164
TABLE 152ASIA PACIFIC: AIRBORNE SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 153ASIA PACIFIC: LAND SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 154ASIA PACIFIC: LAND SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)165
TABLE 155ASIA PACIFIC: MARITIME SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)165
TABLE 156ASIA PACIFIC: MARITIME SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)166
TABLE 157ASIA PACIFIC: SIMULATORS MARKET, BY APPLICATION, 2019–2021 (USD MILLION)166
TABLE 158ASIA PACIFIC: SIMULATORS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)166
TABLE 159ASIA PACIFIC: SIMULATORS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)166
TABLE 160ASIA PACIFIC: SIMULATORS MARKET, BY COUNTRY, 2022–2027 (USD MILLION)167
12.4.2CHINA167
12.4.2.1Rise in trade activities anticipated to increase demand for commercial vessels, thereby fueling demand for vessel crew and commanders167
TABLE 161CHINA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)168
TABLE 162CHINA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)168
TABLE 163CHINA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)168
TABLE 164CHINA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)169
TABLE 165CHINA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)169
TABLE 166CHINA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)169
12.4.3JAPAN169
12.4.3.1New ship orders to increase demand for new ship crew, thereby boosting demand for simulators to train them169
TABLE 167JAPAN: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)170
TABLE 168JAPAN: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)170
TABLE 169JAPAN: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)170
TABLE 170JAPAN: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)171
TABLE 171JAPAN: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)171
TABLE 172JAPAN: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)171
12.4.4INDIA171
12.4.4.1Huge demand for loco pilots anticipated to drive market171
TABLE 173INDIA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)172
TABLE 174INDIA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)172
TABLE 175INDIA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)172
TABLE 176INDIA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)173
TABLE 177INDIA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)173
TABLE 178INDIA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)173
12.4.5SOUTH KOREA173
12.4.5.1New ship orders anticipated to increase demand for ship crew, thereby boosting demand for simulators to train them173
TABLE 179SOUTH KOREA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)174
TABLE 180SOUTH KOREA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)174
TABLE 181SOUTH KOREA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)174
TABLE 182SOUTH KOREA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)175
TABLE 183SOUTH KOREA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)175
TABLE 184SOUTH KOREA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)175
12.4.6AUSTRALIA175
12.4.6.1Rising pilot recruitments anticipated to boost demand for simulators175
TABLE 185AUSTRALIA: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)176
TABLE 186AUSTRALIA: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)176
TABLE 187AUSTRALIA: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)176
TABLE 188AUSTRALIA: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)177
TABLE 189AUSTRALIA: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)177
TABLE 190AUSTRALIA: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)177
12.4.7REST OF ASIA PACIFIC177
12.4.7.1Rise in aircraft orders to drive demand for pilots and, in turn, boost demand for simulators during forecast period177
TABLE 191REST OF ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2019–2021 (USD MILLION)178
TABLE 192REST OF ASIA PACIFIC: SIMULATORS MARKET, BY TYPE, 2022–2027 (USD MILLION)178
TABLE 193REST OF ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2019–2021 (USD MILLION)178
TABLE 194REST OF ASIA PACIFIC: SIMULATORS MARKET, BY SOLUTION, 2022–2027 (USD MILLION)179
TABLE 195REST OF ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2019–2021 (USD MILLION)179
TABLE 196REST OF ASIA PACIFIC: SIMULATORS MARKET, BY PLATFORM, 2022–2027 (USD MILLION)179
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