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Simulators Market Share

Report ID: GMI8226
Published Date: Feb 2024
Report Format: PDF

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Simulators Market Share

L3Harris Technologies and Thales Group hold a significant market share in the simulators industry. L3 Harris Technologies is a global aerospace and military corporation. In the simulator sector, the company offers a variety of simulation and training solutions including flight & mission simulators. These services are designed to improve training efficacy for both military & commercial uses, assuring readiness and proficiency in various operational circumstances.

Thales Group is a multinational company specializing in aerospace, defense, and technology. In the simulator market, Thales offers advanced simulation & training solutions including flight simulators, mission training systems, and virtual reality environments. Its simulators enhance training effectiveness across the military, aviation & other sectors, ensuring operational readiness and proficiency.

Simulators Market Companies

Major players operating in the simulators industry are:

CAE, Inc.
Elbit Systems Ltd.
FlightSafety International
L3Harris Technologies
Raytheon Technologies Corporation
Textron Inc.
Thales Group

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size for simulators was valued at over USD 19 billion in 2023 and is estimated to register over 7.5% CAGR between 2024 & 2032 owing to the growing need for training in the military, aviation, and naval sectors.

The training segment is expected to record over 8% CAGR from 2024 to 2032 as simulators offer a controlled & repeatable environment for hands-on training, enabling users to realistically develop and refine skills.

North America simulators market share was over 30% in 2023 and will grow significantly through 2032 owing to the need for realistic training in sectors such as aviation, defense, and healthcare, along with the presence of several simulator makers and training facilities in the region.

CAE, Inc., Elbit Systems Ltd., FlightSafety International, L3Harris Technologies, Raytheon Technologies Corporation, Textron Inc., and Thales Group.