14th
December 2018: Helicopter Simulator market is expected to witness growth owing to
rising aviation industry. The aviation industry is projected to grow more than
10% CAGR over the forecast period majorly due to the increasing air traffic passenger
market. The need of helicopter simulation arises from the increasing
applications of helicopters services in oil & gas, defense, tourism,
training, firefighting, corporate, and commercial. Rising technological
advancements, demand of air transportation, ability to saving fuel costs, and
demand of trained pilots are the key drivers that are expected to propel the
helicopter simulator market over the forecast period. The real flying training
by using visual and motion systems has effectively replicated the helicopter
experience that resulted in the evolution of sophisticated helicopter simulator
in the market.
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Continuous R&D endeavors and performance evaluation of pilots
in aerospace technology are expected to encourage flight simulator market
growth. The growing importance of substantial flight training, aircraft safety,
government mandate, shortage of trained aviation professionals, and growing end
user demand are the few other factors that are projected to fuel the market
growth over the next seven years. Many private and public organizations in
developed as well as in developing markets have made simulation and training
programs necessary to get pilot certification after full course.
Growing security concerns and increasing government expenditure
are projected to drive the use of helicopter services in the defense sector and
commercial sector. Hence the helicopter simulator service market is expected to
witness high growth owing to the demand of better handling and safety operating
activities over the forecast period. The key restraint that is expected to
slightly pull down the market is the high cost of simulators and complex flight
training simulation system. Lack of interoperability is also one of the reasons
that may challenge market growth by 2022. However, with growing awareness about
the importance of simulator training exercise, rising investments by government
and continuous innovation in the market, has increased number of players
participating in providing services, due to which over the next seven years the
cost and the complexity of the system is expected to come down.
Growing demand of air transportation and rising investments in the
R&D efforts have enabled the US to account for more than one third market
share in the North American region. The US is highly responsive in adopting the
advanced technologies that is projected to boost demand of helicopter simulator
services. The market for helicopter simulators in Canada is expected to hold an
attractive share owing to the presence of one of the largest simulator
manufacturers, CAE Inc., in the region. The European region accounts for the
second highest market share mainly due to the rising demand of helicopter
handling and safety operations. In particular, Germany, Italy, and the UK are
the major countries that have invested heavily in the market, thus expecting
high market growth over the forecasted period.
The key players in the helicopter simulator market are L-3
Communications, CAE Inc., Lockheed Martin, and Rockwell Collins dominating the
global market through strategic mergers and acquisitions. L-3 Communications
acquired the civil fixed-wing flight simulation business of the Thales Training
& Simulation Ltd. for a cash consideration of approximately USD 130
million. Rockwell Collins announced a definitive agreement to acquire ARINC
Inc., a communications and information processing solution provider for the
commercial aviation industry for a cash consideration of USD 1.39 billion. The
other players in the flight simulator market include Mechtronix, FRASCA
International Inc., Softeks, Moog Inc., Command Sims. Pvt. Ltd., Simteq B.V,
and ATC Flight Simulator.
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