Virtual Avionics Procedure Trainer Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Virtual avionics procedures trainer aids in the training needs of today's flight crews, enabling them to develop skills and rehearse missions before going to the aircraft. The virtual avionics procedures trainer offers rotary- and fixed-wing crews with a training experience that uses the same avionics display information and operational functionality on the ground as they will in the air.

MARKET SCOPE

The "Global Virtual Avionics Procedure Trainer Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Virtual Avionics Procedure Trainer market with detailed market segmentation by system, training, end user, and geography. The report provides key statistics on the market status of the leading Virtual Avionics Procedure Trainer market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on system, the virtual avionics procedure trainer market is segmented into: wireless instructor operator station (IOS), control display unit (CDU), and multifunction display (MFD).
  
•   On the basis of training, the virtual avionics procedure trainer market is segmented into: rotary wing crews and fixed wing crews.
  
•   Based on end user, the virtual avionics procedure trainer market is segmented into: military aircraft and commercial aircraft.
  

MARKET DYNAMICS

Drivers:

•   Cost effective approach of the training
  
•   Technological advancement in aircraft trainings
  

Restraints:

•   Some difference in interaction, look, and functionality from the actual aircraft avionics.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Virtual Avionics Procedure Trainer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Virtual Avionics Procedure Trainer market in these regions

IMPACT OF COVID-19 ON VIRTUAL AVIONICS PROCEDURE TRAINER MARKET

The global aerospace and aviation industry took a heavy toll due to the spread of the COVID-19 virus as countries around the globe took strict measures to check the transmission of the virus. Multiple lockdowns and border closures led to an unprecedented impact on the aviation industry owing to the halt in aircraft production and cancellation of flights. Consequently, the training of flight crews came to an indefinite slowdown during the second half of 2021 till the first half of 2021. However, the virtual avionics procedures trainers provide a cost-effective and convenient training experience to flight crews with similar accessibility as the in-air flight experience, thereby being widely adopted by several airlines and military agencies. Therefore, the successful implementation of vaccine programs and reopening of air travel worldwide is a factor to limit the adverse impact of COVID-19 on the market.

MARKET PLAYERS

The report covers key developments in the Virtual Avionics Procedure Trainer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Virtual Avionics Procedure Trainer market are anticipated to lucrative growth opportunities in the future with the rising demand for Virtual Avionics Procedure Trainer in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Virtual Avionics Procedure Trainer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ACCEL (Tianjin) Flight Simulation Co., Ltd
  
•   Aerosim Experience
  
•   Aviation eLearning ApS
  
•   Collins Aerospace
  
•   ECA GROUP
  
•   Halbit Avionics Pvt. Ltd.
  
•   L3Harris Technologies, Inc.
  
•   Leonardo S.p.A.
  
•   Reiser Simulation and Training GmbH
  
•   Simworld
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Virtual Avionics Procedure Trainer Report Scope