According to a recently published report by Research Nester on “Helicopter Simulator Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the helicopter simulator market in terms of market segmentation by simulator type, by component, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global helicopter simulator market is anticipated to record a CAGR of around 4.21% over the forecast period i.e. 2019-2027 on account of increasing demand for trained pilots in civilian market required for general jobs for instance, emergency medical services and commercial flying, rising need for safety and cost effectiveness in the aviation sector, fluctuating fuel costs and minor maintenance and repair costs. The market has been segmented by simulator type, component & application. By simulator type, the market has been sub-segmented into live simulator and virtual simulator. The market has also been further segmented by component into full flight simulator, fixed based simulator & classroom trainers. Based on application, the market is segmented into commercial, military and others.
The increasing need for trained pilots is creating a demand for helicopter simulators. Rising emphasis on the safety of pilots during the training has led to the adoption of simulators for pilot training and ultimately driving the growth of the market. New developments and innovations in the market have contributed to the growing demand for customized helicopter simulators according to the respective control systems.
Currently, North America is leading the market in terms of revenue and is anticipated to continue to dominate the market on account of having the highest military power and commercial helicopters fleet in the world. Asia Pacific region is anticipated to witness significant growth owing to increasing procurement of helicopters especially for military in various countries such as India, China, South Korea and Japan. Moreover, helicopter accidents during the training have increased to large extent in countries such as India and this has made the countries to emphasize more on simulator-based training for helicopters.
Simulator based training services has gained popularity as they help the pilots in their aircraft flying training. The regulatory authorities in the aviation industry of the countries have made the use of helicopter simulators for the new pilots. However, the investments have increased to a large extent in the development of helicopter simulators, thus propelling the growth of the market during the forecast period.
However, high cost of simulators is expected to operate as a key restraint to the growth of the global helicopter simulator market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the helicopter simulator market which includes company profiling of CAE Inc., FlightSafety International Inc., Thales Group, FRASCA International Inc., FLYIT Simulators Inc., ELITE Simulation Solutions, AeroSim Experience, Ryan Aerospace, and Redbird Flight Simulations Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the helicopter simulator market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.