Simulators Market worth $34.9 billion by 2027

Key Facts

According to a research report "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", published by MarketsandMarkets™, 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
The growing demand for pilots in the aviation industry and the acceptance of virtual pilot training to ensure aviation safety are some of the significant factors attributing to the growth of the simulators market during the forecast period.
The need for cost-cutting in pilot training and the reduction in military budgets of developed countries are driving the growth of the market.
The Asia Pacific is one of the potential markets for commercial and military simulators and is accounted for the largest market share in 2021.