The import of flight simulators and parts therein to Turkey saw significant fluctuations over the years, with notable peaks and troughs between 2013 and 2023. The actual value in 2023 stood at $36.809 million. Observing the variation, there was a major increase in 2016 (98.99%), followed by a significant decrease in 2017 (-23.74%). The period from 2021 to 2023 showed relatively stable growth, with a year-on-year increase of 2.42% in 2023. Over the last five years, the compound annual growth rate (CAGR) was 4.68%. Future forecasts for 2024 to 2028 suggest a consistent growth trend, with a 5-year CAGR of 1.85%, anticipating an average annual growth rate of 9.59% by 2028.
Future trends to watch for include:
- Technological advancements in flight simulation equipment.
- Increased demand stemming from Turkey’s growing aviation sector.
- Potential market disruptions due to geopolitical factors or economic shifts.
- Emergence of new suppliers influencing market dynamics.
