Overview of the global helicopter simulator market
Technavio’s market research analyst predicts that the global helicopter simulator market will grow at a modest CAGR of close to 3% by 2020. One of the key market drivers for this market is the increased need for safety and cost effectiveness in the aviation sector. Fluctuating fuel prices make hands-on training in helicopters very expensive. As a result, simulator-based training services are gaining popularity as they help aspiring pilots to learn more in an hour as compared to multiple hours of real flying. Since safety is always an important aspect of flying, regulatory bodies have made the use of simulators mandatory for novice pilots. This recent focus on cost effectiveness and safety will help in the growth of the simulators market during the forecast period.
In this industry research report, analysts have estimated factors like the rising need for high-fidelity simulation systems to propel market growth during the forecast period. High fidelity systems mimic the real world conditions and prepare pilots to handle all types of situations effectively. Advances in technology will lead to the advent of improved flight simulation systems, which use computer graphics and distributed computing to train novice pilots. In addition, factors like the mobile technologies will also lead to market growth as it allows training in environments that are more realistic.
Segmentation by application and analysis of the helicopter simulator market
The commercial segment of the helicopter simulator market was the largest in 2015 with a market share of approximately 63%. The demand for trained helicopter pilots will grow steadily to keep pace with the demand from the oil and gas sector. Since civil helicopter pilots are also required to do general service jobs like commercial flying and emergency medical services, the demand for helicopter simulators in the commercial sector will grow rapidly over the next few years.
Geographical segmentation and analysis of the helicopter simulator market
The Americas currently dominate the global helicopter simulator market and will generate revenues of around USD 37 million by the end of 2020. An increase in the number of civilian helicopters in this region coupled the rising demand from military forces will contribute towards market growth during the forecast period.
Competitive landscape and key vendors
The global helicopter simulator market is highly fragmented due to the presence of a few large and small-sized vendors. Factors like the need to generate higher revenues and expand customer base is forcing global players to align with local vendors to serve end users effectively. In this market, the international players have more influence as they have a larger infrastructure and R&D support. The competitive environment in this market is expected to become more intense due to increased product extensions, technological innovations, and mergers with smaller players.
Key vendors in this market are -
Elite Simulation Solutions
Other prominent vendors in this market are Indra Sistemas, Lockheed Martin, L-3 Link Simulation and Training, Northrop Grumman, and Tru Simulation + Training.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global helicopter simulator market?
What are the key market trends influencing the growth of the global helicopter simulator market?
What are the challenges to market growth?
Who are the key vendors in the global helicopter simulator market?
What are the market opportunities and threats faced by the vendors in the global helicopter simulator market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global helicopter simulator market?
Technavio also offers customization on reports based on specific client requirement.
Helicopter flight simulators are cost effective devices that attempt to recreate the overall flying experience so as to efficiently hone the skills of a pilot. These simulators teach not only routine flight procedures but also emergency procedures. Additionally, these flight simulators also have the capability to teach pilots the emergency procedure for landing without power, a process which is also known as autorotation landing.