Helicopter Simulator Market - Share, Growth Opportunities to 2023
Posted by Savni on November 21st, 2019
Global Helicopter Simulator Market Information Report: Information by Type (Motion Simulator and Fixed-Base Simulator), Component (Cockpit, Control System, Visual System and Instruments and Panels), Platform (Commercial and Military) and Region (North America, Europe, Asia-Pacific and Rest of The World) - Forecast till 2023
The factors driving the growth of the helicopter simulator market include increased need for safety and cost-effectiveness in the aviation sector. The other factors that support the growth of the helicopter simulator market are fluctuating fuel prices and minor maintenance & repair costs. The high demand for simulation training will bolster the growth of the helicopter simulator market.
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There has been a growing demand for the development of global market due to the increased investment in helicopter simulation. There were a number of contracts that bolstered the market growth. For instance, in 2018, Thales Group signed an agreement with Senegalese Air Force to trained pilots with the help of expertise in simulation training. Airbus Helicopters, in 2014, showcased the Japan’s first full flight simulator (FFS) for helicopters with this high-fidelity training system.
Helicopter simulator market is expanding due to its ability to provide a wide range of training opportunities to a novice. Pressing demand for expert pilots is fueling the training process worldwide which is directly boosting the helicopter simulator market by incorporating helicopter simulators in the main system. The global helicopter simulator market is expected to achieve 5% CAGR over the forecast period (2018-2023), asserts Market Research Future (MRFR) in a well-articulated report. The report further covers potential drivers such as simulators ability to create artificial weather condition to train a pilot for different situations. At the same time, with increasing fuel price, hands-on training has become nearly impossible, whereas, simulations can provide trainings for a longer period. After assessing its ability, national regulatory boards have decided to implement these simulations mandatorily in the training system. As a consequence, people are investing more in the helicopter simulation expecting better returns in coming years.
However, the helicopter simulation market can be restrained by the high manufacturing cost of production and maintenance. Its prospect can be dented further by the limitation of the physical environment.
The helicopter simulator market can be segmented by simulator type, component, and platform.
By simulator type, the helicopter simulator market can be segmented into live simulator and virtual simulator. Virtual simulator segment is expected to gain the most traction during the forecast period.
Component-wise, the helicopter simulator market can be segmented into full flight simulator, fixed-based simulator, and classroom trainers.
Based on platform, the helicopter simulation market can be segmented into commercial and military.
Founded on region, the helicopter simulation market encompasses North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
North America, by far, is the global market leader in terms of revenue generated. Its position can be attributed to several large simulation manufacturers’ presence. At the same time, the region is one big consumer of helicopters which require good training and the subject market supports that need.
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The APAC region is closely following the lead of North America. The region is currently witnessing a huge demand for simulations from countries such as India and China who are investing substantially in helicopter simulation market for better operational knowledge.
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About the AuthorSavni
Joined: October 21st, 2019
Articles Posted: 410
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