Study offered by Market Research Future (MRFR) that the global Helicopter Simulator Market is set to register 4.29% CAGR during the review period 2018 to 2023.
— Market Synopsis:
Helicopter facilitate the training of aspiring pilots in extreme weather conditions, which is not feasible otherwise. Increasing use of helicopter for military and commercial purposes is likely to generate demand for simulators in the years to come.
The implementation of stricter regulations for training new pilots has led to a drastic rise in the growth curve of the helicopter simulator market. It is poised to demonstrate a similar trend in the upcoming years. 2018. Also, rising investments in tourism industry, in conjunction with declining fuel prices, is anticipated to boost the growth rate of the market over the next few years.
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CAE Inc. (Canada), Thales Group (France), TRU Simulation Training Inc. (US), FRASCA International Inc. (US), Ryan Aerospace (Australia), Reiser Simulation and Training GmbH (Germany), ELITE Simulation Solutions AG (Switzerland), Fidelity Flight Simulation Incorporated (US), FLYIT Simulators Inc. (US), FlyThisSim Inc. (US) and iSim Limited (New Zealand) are few of the leading players of the helicopter simulator market profiled in this MRFR report.
These players are expected to increase investments in research & development to capitalize on the developmental opportunities present in the market. In addition, the increasing focus on technological innovations is set to intensify the competition in the helicopter simulator market over the next couple of years.
On the basis of type, the global helicopter simulator market has been bifurcated into motion simulator and fixed-base simulator. Among these, the motion simulator segment is projected to hold the dominant share of the market in the forthcoming years. It provides a realistic flying experience to the pilot, which is expected to encourage its demand generation over the next couple of years. The report suggests that the segment held 57.92% of the market share in 2017 and was valued at USD 355.3 Mn. It is poised to scale a decent valuation by the end of the forecast period, asserts MRFR.
Based on component, the segments of the helicopter simulator market include control system, cockpit, visual system & instruments, and panels.
On the basis of platform, the global helicopter simulator market has been divided into commercial and military.
The regional assessment of the global helicopter simulator market spans across - North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America has the highest rate of utilization of simulator. It is likely to witness an increase in both military as well as commercial applications which are poised to support its standing at the forefront position in the global market place through the forecast period. The region also leads in military expenses, which is anticipated to favor the growth of the helicopter simulator market in the region over the next couple of years. Early introduction and adoption of innovative technologies are also poised to unleash developmental opportunities for the market participants in the years to come.
The U.S. is anticipated to register a significant growth rate over the review period. Canada is also a prime country-level helicopter simulator market expected to thrive substantially in the nearby future. The presence of the key player CAE Inc. is poised to benefit the growth trajectory of the regional market in the upcoming years. Thus, the regional helicopter simulator market has been assessed in the MRFR report to register a CAGR of 4.54% during the projection period.
In March 2019, CAE Inc., a Canadian manufacturer of simulation technologies, has signed a deal with Leonardo Helicopters, a key player in the aerospace industry, for the supply of 3000 Series full-flight simulators.
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Source URL: https://marketersmedia.com/helicopter-simulator-market-size-share-analysis-by-segmentation-application-growth-drivers-revenue-future-trends-opportunities-demand-global-forecast-to-2023/88919175
Release ID: 88919175