Global Helicopter Simulator Market projected to reach USD 2,053.0 Million by 2023 at a CAGR of 2.92% during the forecast period of 2018 to 2023.
Helicopter simulation and virtual training are cost-effective alternatives to live training. These solutions have received considerable attention in recent years due to their potential for training in a variety of applications such as military, emergency evacuation, and firefighting.
The key players in the Global Helicopter Simulator Market include 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).
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The Global Helicopter Simulator Market has been segmented based on type, component, and platform.
Based on the type, the global helicopter simulator market has been divided into motion simulator and fixed-base simulator. The motion simulator segment is projected to dominate the market with a valuation of USD 369.2 Million in 2018 and reach USD 459.7 Million by 2023. This is due to the ability of motion simulators to provide movement in all six degrees of freedom (DOF)— three rotational and three translational or linear—which offers a realistic flying experience. However, the fixed-base segment is expected to exhibit the higher CAGR of 4.03% during the forecast period.
On the basis of component, the global helicopter simulator market has been classified as cockpit, control system, visual system, and instruments and panels. The visual system segment is expected to lead the market with a value of USD 194.1 Million in 2018 and reach USD 245.2 Million by 2023. The visual system is an essential component of the helicopter simulator. Visual systems include spherical and cylindrical direct view displays, which are used on fixed-base and motion simulators. The control system segment is expected to register a 5.29% CAGR during the forecast period. However, the cockpit segment is projected to exhibit a CAGR of 1.32% during the forecast period.
By platform, the Global Helicopter Simulator Market has been categorized as commercial and military. The commercial segment is projected to hold the larger market share with a valuation of USD 358.5 Million in 2018. Due to the increasing demand for commercial helicopters, there has been a subsequent rise in the demand for helicopter simulators, which is consequently driving the growth of the segment. The segment is expected to reach USD 446 Million by 2023 at the higher CAGR of 4.46% during the forecast period.
The global helicopter simulator market has also been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America is projected to be leading the market with a valuation of USD 334.5 million in 2018. The presence of major market players such as CAE Inc., TRU Simulation Training Inc., and FRASCA International Inc. is expected to drive market growth in North America. The regional market is expected to reach USD 417.7 million by 2023 at a CAGR of 4.54% during the forecast period.
Europe is projected to be the second-largest market during the review period. The regional market is projected to reach USD 255.5 million by 2023 at a CAGR of 4.14% during the forecast period. Asia-Pacific is projected to be the third-largest market during the review period. The regional market is projected to reach USD 78.2 million by 2023 at a CAGR of 3.86% during the forecast period.
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