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Helicopter Simulator Market – Business Opportunities, Size, Share, Potential, Growth, Competitive Landscape, Trends and Industry Analysis with Forecast to 2023

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Global Helicopter Simulator Market Research Report Segments, Scope, Analysis and Information by Simulator Type (Live Simulator, Virtual Simulator) Component (Full Flight Simulators, Fixed Based, Classroom Trainers), Platform (Commercial, Military), and Region – Global Forecast till 2023

— The increasing investments in helicopter simulators will offer new growth opportunities to the market players. The factors responsible for the growth of the helicopter simulator market are the increased need for safety and cost-effectiveness in the aviation sector. Other factors which favor the market are fluctuating fuel prices and minor maintenance & repair costs. There were a number of contracts that fueled the market growth. For instance, in 2016, Flight Safety International signed an agreement with Airbus to provide training to Helicopter EC145 operators.

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Similarly, in 2018, Thales signed an agreement with Senegalese Air Force to train pilots for tactical and collective missions with the help of expertise in simulation training. Airbus Helicopters, in 2014, demonstrated Japan’s first Full Flight Simulator (FFS) for helicopters with this high-fidelity training system for service at its facilities located in the Kobe Airport vicinity.

Helicopter simulator is designed to train aspiring pilots for flying in the most extreme conditions. Additionally, there is an increasing demand for trained pilots in the civilian market segment. The factors driving the growth of the helicopter simulator market include increased need for safety and cost-effectiveness in the aviation sector. However, there are some shortcomings in the helicopter simulation, such as high manufacturing cost, coupled with recurring operation and maintenance costs. The market for helicopter simulator is estimated to witness 5% CAGR during the forecast period.

Helicopter simulator is designed in such a way to allow aspiring pilots to train in the most extreme conditions, something a regular trainer cannot provide. Moreover, there is an increasing demand for trained pilots in the civilian market segment, who are required for general jobs, such as commercial flying and emergency medical services. 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 for their aircraft flying training.

The national regulatory authorities in the aviation industry of major countries have made the use of simulators mandatory for novice pilots. As a result, higher investments are being made in the development of helicopter simulators, which would witness a rapid growth during the forecast period. However, significant restraints of the market growth include high manufacturing cost, coupled with on-going operation and maintenance costs. In addition, limited physical environment and behavioral fidelity associated with simulators may hamper the growth of the market.

Segmentation:

By Simulator Type
• Live Simulator
• Virtual Simulator

By Component
• Full flight simulators
• Fixed based simulators
• Classroom trainers

By Platform
• Commercial
• Military

By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

Key Players:

The key players in helicopter simulator market are CAE Inc. (Canada), FlightSafety International Inc. (U.S.), Thales Group (France), FRASCA International Inc (U.S.), TRU Simulation + Training Inc. (U.S.), FLYIT Simulators Inc. (U.S.), Rockwell Collins (U.S.), ELITE Simulation Solutions (U.S.), AeroSim Experience (Canada), Ryan Aerospace (Australia), and Redbird Flight Simulations, Inc (U.S.)

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Source URL: https://marketersmedia.com/helicopter-simulator-market-business-opportunities-size-share-potential-growth-competitive-landscape-trends-and-industry-analysis-with-forecast-to-2023/513565

Source: MarketersMedia

Release ID: 513565

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