The global helicopter simulator market size is expected to reach USD 1,275.8 Million by 2028 according to a new study by Polaris Market Research. The report “Helicopter simulator Market Share, Size, Trends, Industry Analysis Report, By Hardware (Full flight, fixed base); By Application (Military, Commercial), By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global shortage of skilled pilots and rising air traffic are the major driving factors responsible for the demand for helicopter simulators. Also, the rising fuel costs and surging concern for pilot & passenger is positively leveraging the demand for simulators. Since helicopter simulators are comprised of motor systems that significantly clone the movement and sensations of a real helicopter.
Environmental parameters, objects, and obstacles near the flying zone are visualized with the help of helicopter trainers in order to train pilots. Thereby, such features potentially reduce fuel usage and prevent pilots & passengers from fatal incidents.
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In 2020, North America was expected to account for the greatest share of the market. In the next ten years, C.A.E. Inc. estimates that the region will require roughly 85,000 active pilots to serve the airline industry. Furthermore, the region is home to many airplane simulator system makers and several end-users, all of which will help the market development throughout the projection period.
With the significant rise in air passenger traffic worldwide, the production of new aircraft is rising. Therefore, demand for an ample number of pilots propels the growth of the market over the forecast years. For instance, in 2019, Airbus S.A.S. and other important firms forecasted that by 2028, roughly 39,000 new planes would be in service. These factors are anticipated to propel up demand for fresh, adequately prepared pilots and first officers in the coming years.
Increased passenger volume will put more pressure on airlines to hire commercial pilots worldwide, boosting the market growth. For example, C.A.E. Inc. presented its 2020-2029 pilot demand projection in 2020, estimating that roughly 27,000 new professional pilots will be needed in the short-term beginning in late 2021.
Market participants such as Avion Group, Airbus SE, C.A.E. Inc., Boeing, Collins Aerospace, Elbit Systems, Ltd, DXC Technology Company, ELITE Simulation Solutions, FRASCA International Inc., Thales Group, FlightSafety International, Indra Sistemas, Precision Flight Controls, L3 Harris Technologies, Inc., Raytheon Technologies Corporation, SIMCOM Aviation Training, Rheinmetall, Textron, and TRU Simulation + Training are some of the key players operating in the global market.
Polaris Market Research has segmented the helicopter simulator market report on the basis of product application and region:
Helicopter Simulator, Product Outlook (Revenue - USD Million, 2016 - 2028)
Helicopter Simulator, Application Outlook (Revenue - USD Million, 2016 - 2028)
Helicopter Simulator, Regional Outlook (Revenue - USD Million, 2016 - 2028)