Praj Nene

The global simulator market size was valued at USD 14.78 billion in 2021. The market is projected to grow from USD 16.12 billion in 2022 to USD 30.41 billion by 2029, exhibiting a CAGR of 9.49% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Simulator Market, 2022-2029.” List of Key Players Mentioned in the Report: CAE Inc. (Canada) Raytheon Technologies Corporation(U.S.) L3 Harris Technologies Inc. (U.S.) BAE Systems Plc (U.K.) Boeing Company (U.S.) Frasca International Inc (U.S.) Tecknotrove Systems Pvt Ltd (India) Kongsberg Group (Norway) Indra Sistemas, SA (Spain) PulseWorks LLC (U.S.) Cre8tive Rooms LLC (U.K.) Segments: Aerospace & Defense Segment to Hold Highest Market Share Due to Increased Pilot Shortage Based on end-use industry, the market is segmented into aerospace & defense, automotive, marine & naval, and media & entertainment. The aerospace & defense segment is to be the largest segment with the highest market share in 2021. Training Segment to Hold Market Dominance Due to Large Procurement of Full Flight Simulators Based on application, the market is segmented into training, research and development, and others. The training segment dominated in the base year due to large procurement of full flight simulators. Driving Simulators Segment to Witness High CAGR owing to Increasing Demand for Simulators for Vehicle Testing Based on type, the market is segmented into full flight simulators, fixed base simulators, driving simulators and others. The driving simulators segment is anticipated to witness growth with the highest CAGR of during the forecast period. Geographically, the market is segregated into North America, Europe, Asia Pacific, and the Middle East & Africa. Information Source: https://www.fortunebusinessinsights.com/simulator-market-107016 Report Coverage: The report presents a holistic study of the market along with current trends and future anticipations to establish proximate investment gains. An in-depth analysis of any upcoming opportunities, threats, competitions or driving factors is also mentioned in the report.