Helicopter Simulator Market: Current Analysis and Forecast (2022-2028)

Report Description

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Global Helicopter Simulator Market is expected to grow at a significant rate of around 6% during the forecast period. An electronic virtualization system called a helicopter simulator is used to execute training programs for pilots and flight crew while simulating real-world flight circumstances. It entails simulating aircraft movements, sounds, visuals, controls, and the impact of outside elements including turbulence, cloud cover, wind shear, and precipitation. To replicate mission-critical training programs and give pilots practical experience.

The factors like rise in number of pilot training institutes, rise in defense expenditure, and increasing demand for professional pilots are driving the growth of the market. For instance, in July 2022, India’s Ministry of Aviation announced plans to establish flight schools in the country to train large number of civilians pilots.

Thales, Indra Sistemas SA, Lockheed Martin Corporation, Airbus, FRASCA International, Inc, FlightSafety International, Elbit Systems Ltd., DXC Technology Company., CAE Inc, Collins Aerospace. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst simulator type, fixed based simulator category to witness a steady growth during forecast period”

Based on simulator type, the market is segmented into full flight simulator and fixed-base simulator. The fixed based simulator to witness a steady growth during the forecast period owing its limited features and capabilities. Fixed base simulators comprise several types of simulators, such as Flight Training Devices (FTD), Full Mission Simulators (FMS), Cockpit Procedure Trainer (CPT), Basic Aviation Training Device (BATD), and Helicopter Aircrew Weapon Systems Trainers (HAWST). Instruments, gear, controls, and panels are all part of the FBS, which is required to simulate helicopter operations in both flight and land settings.

“Amongst applications, the commercial category to witness a steady growth during forecast period”

Based on applications, the market is categorized into commercial and military. Among these, the commercial segment to witness a steady growth during forecast period attributable to the utilization of helicopters for commercial travel and emergency medical services. Due to the increased demand in the oil and gas industry, as well as for business trips and mail services, there is a greater need for experienced pilots. Additionally, the volume of helicopter trips has increased due to the rise in disposable money, raising worries about passenger safety.

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“APAC is expected to grow rapidly during forecast period”

Due to increased helicopter procurement, mostly for the military, in countries such as India, China, Japan, and South Korea, Asia Pacific is expected to grow rapidly throughout the forecast period. In addition, helicopter training accidents have grown more common in countries like India, encouraging the governments to place a greater emphasis on simulator-based training for helicopters. Furthermore, the growth in commercial flying activities owing to the rise in population and disposable income is further expected to increase the importance of simulation training considering the safety of pilots and passengers, which is anticipated to drive the growth of the market in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

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Research Methodology

Research Methodology for the Helicopter Simulator Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global helicopter simulator market were the three major steps undertaken to create and analyze the adoption of helicopter simulators in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global helicopter simulator market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the helicopter simulator market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the helicopter simulator market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as simulator type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the helicopter simulator market. Further, we conducted factor analysis using dependent and independent variables such as simulator type and applications of helicopter simulators. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the helicopter simulator market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global helicopter simulator market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the helicopter simulator market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global helicopter simulator market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global helicopter simulator market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of simulator type and application in the global helicopter simulator market.

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The main objective of the Global Helicopter Simulator Market Study

The current & future market trends of the global helicopter simulator market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the helicopter simulator market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of simulator type and application.
• Define and analysis of the regulatory framework for the helicopter simulator
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the helicopter simulator market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the helicopter simulator market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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