Market Dynamics
Global Covid-19 Analysis on Helicopter Simulator Market is expected to register a 4.29% CAGR from 2020 to 2023 (forecast period). The global helicopter simulator market is projected to witness significant growth during the forecast period.
A helicopter simulator allows aspiring pilots to train under the most extreme conditions, which are not possible during regular training. There is a growing need for qualified civilian pilots in commercial flying and emergency medical services. In addition, varying fuel prices make hands-on helicopter training very expensive. As a result, simulator-based training services are becoming increasingly popular.
Simulator-based training systems have gained prominence because they help pilots in their aircraft flying training. The regulatory authorities in the aviation industry of different countries have begun to use helicopter simulators for new pilots. Investments have, however, increased to a significant extent in the development of helicopter simulators, thus boosting the growth of the market over the forecast period.
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Moreover, the growing need for trained pilots is creating a demand for helicopter simulators. Increasing emphasis on pilots’ safety during training has led to the adoption of pilot training simulators and, ultimately, accelerating the growth of the market. As a result, the regulatory requirement and procedures for pilot certification have become stringent, and the number of certified pilots has increased. New advances and innovation have led to the increasing demand for customized helicopter simulators, thus, propelling the growth of the market.
Segmentation
Global Covid-19 Analysis on Helicopter Simulator Market has been segmented based on type, component, platform, and region.
By type, the global market for helicopter simulator has been divided into motion simulator and fixed-base simulator. The segment for the motion simulator is anticipated to register the largest share during the forecast period. A motion simulator provides the pilot with realistic flying experience. Motion simulators have movement at all six degrees of freedom (DOF)—three rotational and three translational or linear — that can be felt by an object that is free to move, such as an airplane. In addition, in this type of simulator, the movement is coordinated with the visual display of the helicopter training site, which offers full-fidelity helicopter training.
By component, the global market for helicopter simulator has been divided into the cockpit, control system, visual system, and instruments and panels.
Based on the platform, the global market for helicopter simulator has been divided into commercial and military.
Key Players
The significant participants in the Global Covid-19 Analysis on Helicopter Simulator Market are CAE Inc. (Canada), TRU Simulation Training Inc. (US), FRASCA International Inc. (US), Ryan Aerospace (Australia), ELITE Simulation Solutions AG (Switzerland), Fidelity Flight Simulation Incorporated (US), Reiser Simulation and Training GmbH (Germany), FLYIT Simulators Inc. (US), FlyThisSim Inc. (US)Thales Group (France), and iSim Limited (New Zealand).
Regional Analysis
Global Covid-19 Analysis on Helicopter Simulator Market has been segmented, by region, into North America, Europe, Asia Pacific, and the rest of the world.
North America accounted for 52.45% in 2020 and had the highest market share in 2020. North America has the highest simulator utilization rate for both commercial and military applications, and this trend is expected to continue in the forecast period. Moreover, the region is leading global military expenditure and technological advances, resulting in high demand for simulation and training systems that will fuel market growth. Although investment in simulation and training systems in Canada is lower than in the US, the Canadian market is expected to grow significantly during the forecast period. This can be attributed to the presence of CAE Inc., which is a significant player in the global market for helicopter simulators. It is therefore projected that the demand for helicopter simulators in North America will register 4.54% CAGR during the forecast period.
Europe accounted for 32.82% of the global market for helicopter simulators in 2020. Europe is anticipated to be the second-largest market due to the massive demand by military and commercial training centers for helicopter simulators in the region.
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