The most recent study conducted by Report Ocean, titled “Global Helicopter Simulator Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Helicopter Simulator. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Helicopter Simulator Market is valued approximately at USD $ million in 2019 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2020-2027. Helicopter Simulator is a combination of software and hardware that imitates an unreal atmosphere in which the helicopter flies, which in turn is used for coaching pilots and for other purposes like recreation and research. The growing demand for the simulation market could be accredited with the rise in the demand of passengers travelling through helicopters, as of 2019 4.5 billion people travelled through air globally. Additional disposable income and improved affordability of air travel.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
In addition to that Uber, an American company that offers vehicles for hire introduced “Uber Copter” in June 2019 to reduce travelling time and allow passengers a seamless ride. Simulators are a cost-effective way to train pilots, this benefits both the commercial and military sectors. As of February 2020, FRASCA International Inc. signed a contract with Global Medical Response, a medical transportation company based in the US, for two FRASCA Level 7 Helicopter Flight Training Devices. In December 2019, FRASCA International Inc. signed a contract with the Helicopter Institute, based in the US, to provide Frasca Bell 407 Helicopter Training Device.
However due to the pandemic, majority of the airlines are forced to halt operations and many pilots have been forced out of work therefore, investments in training of new pilots are naturally postponed for an unprecedented time which directly affects the market growth.
The regional analysis of global Helicopter Simulator market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to high product demand from the players based in the US and Canada. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing disposable income and affordable air travel would create lucrative growth prospects for the Helicopter Simulator market across Asia-Pacific region.
Major market player included in this report are: Beyond Meat
CAE Inc.
L-3 Communications Holdings Inc.
Flight Safety International
The Boeing Company
Thales Group
Collins Aerospace
Airbus Group N.V.
Indra Sistemas SA
TRU Simulation + Training
The Raytheon Company
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Motion Simulator
Fixed-Base Simulator
By Component:
Cockpit
Control System
Visual System
Instruments
Panels
By Platform:
Commercial
Military
By Region:
North America
U.S.
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Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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