A flight simulator helps in artificially recreating the aircraft flight environment for the purpose of training pilots and designing aircraft, among others. It is a system that combines software as well as hardware to enable users to simulate piloting of specific types of aircraft. A basic flight simulator system consists of multiple displays & control devices, an audio system for communication, and a computer system to process control inputs and record flight data. The main purpose of a flight simulator is to help a trainee pilot achieve, test, and maintain proficiency in handling airplane operations without causing risk to property or life, and at a much lower cost than training in the air. Note: 1. Micromarkets are defined as the further segments and subsegments of the flight simulator market included in the report. 2. Core competencies of the companies have been captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their positions in the market.
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.