From GlobeNewswire: 2024-05-15 17:00:00

The global simulator market is set to grow from USD 19.6 billion in 2023 to USD 30.1 billion by 2033, with a CAGR of 4.38%. Simulators are used in various industries, including education and entertainment, with applications in flight simulation, driving simulation, military training, VR, and AR. The industry is expanding with advancements in technology, offering cost-effective training solutions for different sectors. North America is dominating the market due to its strong presence in the aviation industry, while Asia Pacific is witnessing rapid growth. The aerospace and defence sector holds the largest market share, driven by the increasing demand for well-trained pilots and advanced simulation technologies. Major players in the market include CAE Inc., L3Harris Technologies, and Thales Group. Recent market developments include Iran showcasing the MiG-29 simulator to enhance its armed forces’ combat capabilities. The market is segmented by type, application, end use, and region, providing insights into industry trends and opportunities for growth.



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