As of 2023, Canada's re-import of aircraft launching gear and flight simulators stood at an unspecified baseline. From 2024, forecasts show a steady increment of approximately 0.7% year-on-year, rising from $9.1575 million in 2024 to $9.4204 million by 2028. This reflects a consistent growth trajectory in the sector, with a five-year compound annual growth rate (CAGR) of around 0.71%.
Future trends to watch for include:
- Technological advancements in flight simulation which could spur further investment and imports.
- Changes in global trade policies affecting importation tariffs and logistics costs.
- The increasing emphasis on pilot training programs that might boost demand for advanced simulators.