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Popularity of Very Light Jets Aids the Success of Training and Simulation Activities - New analysis from Frost & Sullivan, U.S. VLJ Training & Simulation Markets reveals that the market earned revenues of $73.3 million in 2007 and estimates this to reach $83.8 million in 2010
Popularity of Very Light Jets Aids the Success of Training and Simulation Activities

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/07/25 - New analysis from Frost & Sullivan, U.S. VLJ Training & Simulation Markets reveals that the market earned revenues of $73.3 million in 2007 and estimates this to reach $83.8 million in 2010.

   
 
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As the success of U.S. flight training and simulation activities is heavily dependent on the popularity of very light jets (VLJs), various service providers of training and simulation are moving in to leverage the first-mover advantage. By being the first to offer comprehensive, integrated solutions that deliver quality simulation and training for aviation safety, they can obtain follow-on work with existing partners and possible business with future VLJ manufacturers.

New analysis from Frost & Sullivan (aerospaceanddefense.frost.com), U.S. VLJ Training & Simulation Markets reveals that the market earned revenues of $73.3 million in 2007 and estimates this to reach $83.8 million in 2010.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the U.S. VLJ Training & Simulation Markets then send an email to Vanessa Quezada, Corporate Communications, at vanessa.quezada[.]frost.co with your full name, company name, title, telephone number and e-mail address. We will send you the information through email upon receipt of the above information.

“Unlike twin-piston or other aircraft comparable in size, VLJs are highly powerful aircraft with features once exclusive to commercial airliners and other big business jets,” notes Frost & Sullivan Industry Analyst Garrick Ngai. “With the availability of technologies such as single pilot resource management (SRM) on VLJs, both new and transitioning pilots require extensive ground-based and in-flight instruction in order to fly these powerful micro jets safely.”

Close collaboration with VLJ manufacturers to design aircraft training and simulation programs is not only important to win the bulk of training and simulation activities tied to the specific aircraft, but also critical to garner further collaboration with future VLJ manufacturers.

However, market penetration will not be easily achievable due to the cost of the radical Level D full flight simulators. Unlike propeller aircraft, the technological complexity of VLJ aircraft requires highly sophisticated training aids for pilots.

Despite lowered prices, the cost of a Level D simulator is five times higher than an actual aircraft, making it an expensive proposition for any training provider or aircraft manufacturer to adopt for instruction.

“Market participants are trying to counter the price issue by developing advanced training and simulation technologies such as WIN-T architecture, which have made generification and price competition possible,” says Ngai. “Financing is also easier because simulators are now seen as corporate profit centers. Training centers can charge simulator use by the hour.”

Moreover, aircraft affordability and accessibility is likely to sustain future training and simulation growth. Upon rating, owners may find fair premiums for aircraft insurance. In future, second-hand aircraft will appear and attract additional pilots, requiring greater training.

U.S. VLJ Training & Simulation Markets is part of the Aerospace and Defense Growth Partnership Service, which includes research services in the following: North American commercial & military flight simulation market, North American distributed mission operations market, and U.S. military training & simulation market. All research services included in the Modeling, Simulation & Training (MS&T) subscription provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Popularity of Very Light Jets Aids the Success of Training and Simulation Activities

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Frost & Sullivan |
Publisher Contact: Vanessa Quezada 
210.477.8427 vanessa.quezada[.]frost.com
 
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