Market Trends

Simulator Market Overview The Simulator Market  is  projected to be $22.4 billion by 2026  and is  analyzed to grow at a CAGR of 3.6%  during forecast period 2021-2026. Based on end-user, the military and defense training segment is anticipated to grow at the highest CAGR during the forecast period. With continuous advancements in technologies related to simulation, operational costs of military training have reduced, thereby leading to the increased use of simulators in military training. Increasing demand for virtual training environment for both commercial and military purposes and growing need for cost effective training, especially for flights are expected to accelerate the Simulator market during forecast period. Similarly, rising spending in aerospace training sectors are creating opportunity for flight simulator market. For instance, recently a Canadian company CAE, which is engaged in training for the civil aviation proposed to invest $288.75 million for the development and tr