Market Overview:
Helicopter simulator market share Size is expected to reach USD 961.4 Million by 2030, registering a CAGR of 5.5% during 2020-2030.
In recent years, there have been numerous helicopter accidents across the world. According to the Flight Global database, around 19% of the total helicopter accidents during training occurred in the US in 2016, which is increasing the demand for safe pilot training solutions, such as simulators.
The military segment has the largest market share in the helicopter simulator market development, compared to commercial helicopter simulators. The greater participation of the military segment is mainly attributed to the fact that the use of helicopters in the armed forces is much more compared to commercial purposes. Besides, more helicopter pilots are being trained for military helicopters compared to commercial helicopters. These are the main factors for a larger market share in the military segment. This segment is also expected to have a higher rate during the forecast.
During the forecast period, demand for military helicopter pilots is increasing due to a larger pipeline of helicopter fleet initiatives by several military personnel that would help the segment grow during the forecast period.
Key Players
The Key Players of Helicopter simulator market share are FLYIT Simulators Inc (US), CAE Inc (Canada), Fidelity Flight Simulation Incorporated (US)
Segmental Analysis
Global Helicopter simulator market share has been segmented on the basis of Type, Component, and Platform.
Based on type, the helicopter simulator market share has been segmented into motion simulator and fixed-base simulator. The motion simulator segment dominated the market with a valuation of USD 383.5 million in 2019 and is expected to reach USD 504.1 million by 2026. A motion simulator provides a real helicopter flying experience to the pilot. Motion simulators provide movement in all six degrees of freedom (DOF)—three rotational and three translational or linear—that can be experienced by an object that is free to move, such as an aircraft.
Based on component, the global helicopter simulator market data has been classified into visual system, control system, cockpit, and instruments and panels. The visual system segment is expected to exhibit the highest CAGR of 3.0% during the forecast period. Visual systems include spherical and cylindrical direct view displays that are used in fixed-base and motion simulators. Display systems also include multi-channel seamless blended projectors. Some fixed-base simulator manufacturers, such as Ryan Aerospace, provide VR goggles instead of large displays.
Based on platform, the global helicopter simulator market share has been divided into commercial and military. The commercial segment is expected to register the highest CAGR of 4.21% during the forecast period. The demand for commercial helicopters has been increasing over the past few years. According to Honeywell’s Turbine-Powered Civilian Helicopter Purchase Outlook, around 4,100 civil helicopters were delivered across the world between 2012 and 2016. Furthermore, in 2017, Bell Helicopter Textron Inc. delivered 132 commercial helicopters compared to 114 in 2016. Due to the increasing demand and sales of commercial helicopters, there has been a notable rise in demand for helicopter simulators.
Regional Analysis
The geographic analysis of the global helicopter simulator market share covers North America, Europe, Asia-Pacific, and the rest of the world.
North America led the helicopter simulator market share with a valuation of USD 228.3 million in 2019, and the regional market is projected to reach USD 296.3 million by 2026 at a CAGR of 3.88% during the forecast period. This growth can be attributed to the presence of major manufacturers, such as CAE, Inc., Frasca International, Inc., and TRU Simulation Training, Inc., in the region.
Europe was the second-largest market with a valuation of USD 182.8 million in 2019. The regional market is projected to exceed USD 231.6 million by 2026 at 3.52% CAGR during the review period. The market growth in the region is driven by the increase in the number of helicopters in the region that will increase the requirement for helicopter simulators for pilot training.
Related reports:
Mine Counter-Measures Market Research Report: By Type (Land Mines and Sea Mines), by Equipment (Manned and Unmanned), by Approach (Sweeping and Hunting),Region (North America, Asia-Pacific, Europe, the Middle East Africa, and Latin America) Forecast till 2030
Global Spacesuit Market Research Report: by Application [Intravehicular Activity (IVA) and Extravehicular Activity (EVA)], Design (Soft Suit, Hard-Shell Suit, Hybrid Suit and Skin-Tight Suit) and Region (North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa) - Forecast till 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions
Contact:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor, New York, New York 10013,
United States of America
+1 646 845 9312