The global helicopter simulator market to grow at a CAGR of 2.92% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global helicopter simulator market for 2016-2020. To calculate the market size, the report considers the application - commercial (light, intermediate, piston, medium, and heavy helicopters) and military (special purpose, military transport, and attack helicopters) and also on the basis of geography (Americas, EMEA, and APAC). The report also includes a discussion of the key vendors operating in this market.
LVC-based training will be a major key trend for the market growth. With the introduction of live, virtual, and constructive (LVC) training, the pilot is put in an environment very similar to the challenges faced on a battlefield. This training prepares military pilots for combat missions, which includes emergency evacuation and coordination with ground operations.
According to the report, growing demand for helicopter simulators will be a key driver for market growth. The demand for helicopters is significantly increasing due its wide range of commercial and military applications, some of which include tourism, oil and gas exploration activities, and corporate purpose. According to Honeywell Civil Helicopter Purchase Outlook (17th annual), it is expected that 4,750-5,250 fleet of new civil rotorcraft will be delivered during 2015-2019.
Further, the report states that high initial cost of simulators will be a challenge against the market growth. A massive initial investment is required for simulators, and a large percentage of the cost involves aircraft OEM data package license fees, instruments, parts, and avionics. The cost of maintenance and spare parts for a simulator is also expensive. Simulator maintenance requires a high-ceiling building to conduct regular checks and to ensure the system is still fully operational in terms of visuals and active motion. The development of FFS and the addition of new features raise the price of helicopter simulators.
- Elite Simulation Systems
- FRASCA International Rockwell Collins
Other prominent vendors
- Indra Sistemas
- Lockheed Martin
- L-3 Link Simulation and Training
- Northrop Grumman
- Tru Simulation + Training
For more information visit http://www.researchandmarkets.com/research/99qbjq/global_helicopter