Description
Helicopter Simulator Market is estimated to be valued at USD 851.8 Million by 2026 and grow at a 3.76% CAGR during the coming period, Global Helicopter Simulator Market categorizes the Worldwide Market
Market Overview
Global Helicopter Simulator Market is expected to be valued at USD 851.8 Million by 2026 and grow at a 3.76% CAGR during the forecast period.
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.
Segmental Analysis
Global Helicopter Simulator Market has been segmented on the basis of Type, Component, and Platform.
Based on type, the helicopter simulator market 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 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 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 covers North America, Europe, Asia-Pacific, and the rest of the world.
North America led the helicopter simulator market 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.
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Competitive Analysis
The key players in the global helicopter simulator market are 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).
Key Developments
In January 2019, FRASCA International Inc. partnered with Garmin Ltd to incorporate G1000 NXi software into its new reconfigurable training device (RTD). FRASCA RTD is an FAA-approved AATD; It can convert into two different aircraft models.
In October 2018, TRU Simulation + Training Inc. and FlightSafety International, an aviation training company based in the US, announced plans to form a joint venture to provide training solutions for Textron aviation’s broad product portfolio and general aviation aircraft.
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