Helicopter Simulators Market Competitive Situation and Trends 2022

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 Asia Pacific region is projected to witness fastest growth due to the high economic development, increasing per capita income, growing security concerns, and high industrial advancements in automotive, infrastructure, defense, manufacturing, and petrochemical sectors. Particularly countries such as India, China, Japan, and Singapore accounts for major market share primarily due to the rising globalization and stringent government policies in mandating pilots training licenses. Middle East & African region is a high potential market as the countries have high gross domestic product and increasing demand of air transport, but due to lack of awareness about significance of helicopter simulation training through simulators, the market needs penetration by large market players. Over the next seven years, the region is expected show a substantial growth.

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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