Thursday 2 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Business Jets Simulators Market: CAE Inc., FlightSafety International Inc., Level 3 Communication Holdings and Rockwell Collins Inc.
Other Prominent Vendors in the market are: Computer Sciences Corp., Elbit Systems, Frasca International and Lockheed Martin.
Commenting on the report, an analyst from the report's team said: “One of the major trends in the market is the increasing demand for full flight simulators because of their flexibility and cost effectiveness. The increase in demand for full flight simulation products is because of their advanced features and the ability to use them in training programs for various aircraft including business jets, helicopters, and fighter planes.”
According to the report, increasing demand for pilots and business jets is expected to have the highest impact on the market, mainly because of the increasing demand from the civil segment of the market. As the demand for business jet pilots is expected to increase, the need for training to use business jets is also expected to increase at a similar rate.
Further, the report states that simulator systems is one of the major challenges that the market confronts as the cost is one of the key buying criteria in the Global Business Jet Simulators market. The initial cost of the simulators is unfavorably affecting the Global Business Jet Simulators market. The development of a full flight simulator, which is similar to the cockpit of a business jet, and the addition of new features have raised the price of business jet simulators.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.