A simulator is a combination of computer systems and software solutions designed to provide a realistic representation of the controls and operation of aircraft, military vehicles, or submarines, primarily used for training purposes. Simulation is used in several contexts, such as simulation of technology for optimizing performance, safety engineering, testing, and training.
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The simulators market is projected to grow from an estimated USD 16.62 Billion in 2017 to USD 20.99 Billion by 2022, at a CAGR of 4.78% during the forecast period. This growth can be attributed to the growing need to train new pilots across the globe and increasing adoption of virtual training to ensure safety.
Major players operating in the simulators market include CAE (Canada), L-3 Technologies (US), FlightSafety (US), Thales (France), ECA (France), and Lockheed Martin (US). These players offer various simulators such as full flight mission simulators, fixed base simulators, containerized simulators, and others. These simulators have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.
CAE (Canada) is one of the major players in the simulators market. The company has a strong presence in Europe, North America, Latin America, and the Middle East, and has a very high breadth of offerings, delivery and support, and excellent product distribution. In December 2017, CAE (Canada) and JEJUair (South Korea) signed a new training solutions agreement, which includes sales of two CAE-built Boeing 737 Full-flight Simulators (FFS). In November 2017, CAE was awarded a contract from Lockheed Martin (US) to design and manufacture six C-130J Weapon Systems Trainers (WSTs) for the US Air Force and Air National Guard.
L-3 Technologies (US) is another leading company in the simulators market, with a strong presence in North America, Asia Pacific, and Europe. It is a leading provider of a broad range of commercial and military simulators, which are used to train commercial and military pilots. Its customers include the US Department of Defense and its prime contractors, intelligence agencies of the US government, the US Department of Homeland Security, allied foreign government, and NASA. L-3 Link Simulation & Training, a part of L-3 Technologies, secured a contract from Swiss Air Force for the Service Life Extension of the Swiss Hornet Operational Training Systems (SHOTS). The SHOTS consist of four fully networked mission simulators designed for immersive mission training, and the upgrade is scheduled for delivery by 2020.
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