Press Release Description

The US Fighter Jet & Military Aircraft Simulation Market Anticipated to Grow at a healthy CAGR of Around 12.04% By 2030

The US Fighter Jet & Military Aircraft Simulation Market size is valued at USD 5.6 billion in 2023 & is estimated to grow at a CAGR of around 12.04% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. Over the past few years, the U.S. Air Force has faced a shortage of pilots, largely due to retirements and the allure of better opportunities in commercial airlines. To remedy this situation, the government boosted its investment in pilot training, resulting in an increased demand for advanced training tools, notably simulators. This has had a positive impact on the U.S. Fighter Jet & Military Aircraft Simulation Market.

Additionally, to tackle the pilot shortage, the Air Force is actively recruiting and training personnel for aviation roles. This intensified focus has resulted in consistent contract awards for the development and maintenance of Air Force training systems. For example, in 2023, the Air Force Lifecycle Management Center granted contracts totaling approximately USD 32.5 billion to companies like Northrop Grumman Systems Corp. and CACI Inc. These contracts cover various services, including analysis, design, development, production, installation, integration, testing, and maintenance of the Air Force training system.

The Air Force's efforts to train new pilots and the associated contracts are expected to drive increased demand and sustained growth in simulation solutions., further states the research report, “The US Fighter Jet & Military Aircraft Simulation Market Analysis, 2023.”

US Fighter Jet & Military Aircraft Simulation Market

Segmentation Analysis

Fighter Jet Simulations to Showcase Higher Growth Prospectus

Based on the aircraft type segment, the market is further bifurcated into, fighter jet and military aircraft. The rising demand for fighter jet simulation solutions has seen a substantial uptick, primarily driven by the imperative for realistic and mission-specific training. Fighter jet operations, owing to their intricate nature, have amplified this demand, especially in light of the extensive fighter aircraft fleet. The U.S. Air Force is actively engaged in augmenting the training of proficient fighter jet pilots, with a particular focus on airframes such as the F-35 and F-16. This has spurred a heightened requirement for cutting-edge training tools, including fighter jet simulators.

Furthermore, collaborations with allied nations have further escalated the necessity for compatibility training and specialized fighter jet simulators. Additionally, the Air Force's strategic plan to replace the aging T-38 Talon trainers with the T-7 Red Hawks is expected to intensify the demand for simulators customized to the new platform.

Demand for Full Flight Simulator to Surge Ahead

Full Flight Simulator (FFS) has registered a high growth rate among the different simulation types due to its significant adoption for Fighter jet operation training. The need for mission-specific training and the complexity of fighter jet operations make a full-flight simulator a vital tool for providing a controlled and realistic training environment. As the Air Force seeks to produce more qualified fighter jet pilots, it naturally drives the demand for advanced training tools, such as FFS.

Moreover, the US often collaborates with partner nations, and provides specialized training to their Air Forces. These training modules often include Full Flight Simulator, as they can replicate specific fighter jet models and their unique characteristics.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Textron Inc., Collins Aerospace, BAE Systems PLC, The Boeing Company, CACI International Inc., CAE Inc., Merlin Simulation Inc., Lockheed Martin Corporation, Thales Group, Rheinmetall AG, Northrop Grumman Corporation, Vertex Solutions, Red Six Aerospace Inc., JF Taylor Inc., Treality SVS, Aechelon Technology, and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the country?
  4. How has the industry been evolving in terms of geography & solution adoption?
  5. How has the competition been shaping across the country?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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