Helicopter Simulator Market Global Research Report - Forecast till 2023
Helicopter Simulator Market Global Research Report Forecast till 2023
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Helicopter Simulator Market Global Research Report - Forecast till 2023
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Helicopter Simulator Market Global Research Report - Forecast till 2023
The Global Helicopter Simulator Market projected to reach USD 2,053.0 Million by 2023 at a CAGR of 2.92% during the forecast period of 2018 to 2023.
Helicopter simulation and virtual training are cost-effective alternatives to live training. These solutions have received considerable attention in recent years due to their potential for training in a variety of applications such as military, emergency evacuation, and firefighting. 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.
The global helicopter simulator market has also been segmented, by region, into North America, Europe, AsiaPacific, and the rest of the world. North America is projected to be leading the market with a valuation of USD 334.5 million in 2018. The presence of major market players such as CAE Inc., TRU Simulation Training Inc., and FRASCA International Inc. is expected to drive market growth in North America. The regional market is expected to reach USD 417.7 million by 2023 at a CAGR of 4.54% during the forecast period. Europe is projected to be the second-largest market during the review period. The regional market is projected to reach USD 255.5 million by 2023 at a CAGR of 4.14% during the forecast period. Asia-Pacific is projected to be the third-largest market during the review period. The regional market is projected to reach USD 78.2 million by 2023 at a CAGR of 3.86% during the forecast period.
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
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Helicopter Simulator Market Global Research Report - Forecast till 2023
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 key players in the global helicopter simulator market include 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).
In March 2017, CAE Inc. formed a joint venture with Líder Aviação and Leonardo Helicopters for the delivery of OEM quality AW139 flight simulators. They developed Level D-qualified AW139 full-flight simulator. In February 2016, CAE Inc. signed a contract with Public Works and Government Services Canada (PWGSC) to provide the CAE 3000 Series helicopter simulators to the Canadian Coast Guard. The simulators have cockpits for the Bell 412EPI and Bell 429 helicopters.
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Helicopter Simulator Market Global Research Report - Forecast till 2023
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