Helicopter simulator: Key market research findings
- The Americas to dominate the market geographically
- The commercial segment to account for a majority of the market’s revenue
- Key vendors – CAE, Elite Simulation Solutions, FRASCA, Rockwell Collins, and Thales Group
Technavio’s market research analysts predict the global helicopter simulator market to grow at a CAGR of around 3% between 2016 and 2020. The growth of the market is spurred by the need for safety and cost effectiveness of training services. Since governments have set strict regulatory norms to reduce carbon emissions, flight simulators serve to train pilots in an environmentally friendly way. The aviation regulatory bodies are making the use of simulators mandatory for novice pilots training to reduce accidents drastically and improve safety for trainees and others. During 2015, the Americas dominated the global helicopter simulator market by accounting for around 46% of the overall market space. The projected rise in the procurement of both civilian and military helicopters in the region is expected to propel growth in the helicopter simulator market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the helicopter simulator segments based on the application.
“High-fidelity simulation systems are gaining traction in the market. High-fidelity simulation systems duplicate the same environment as that of the real world. The new collimated displays and Cobra curved display flight simulators replicate the real-world scenario, which prepares pilots for any situation from avoiding a sudden attack in air-to-air combat to air refueling. Significant advancements in technology will certainly result in improvements in the quality of flight simulation systems,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
In 2015, the commercial segment accounted for a majority of the market’s revenue by occupying close to 63% of the overall market share. The demand for trained helicopter pilots is expected to grow owing to the need to comply with the strict safety standards set by regulators, ensure the safety of under-training pilots, and to cut down the high fuel costs of airborne training. Growing helicopter fleets across the globe are also contributing to this demand for trained pilots.
The key vendors in the global helicopter simulation market include CAE, Elite Simulation Solutions, FRASCA, Rockwell Collins, and Thales Group. 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 are 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.
A more detailed analysis is available in the Technavio report, Global Helicopter Simulator Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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