Technavio’s latest analysis on the global helicopter simulator market finds three emerging trends. Aerospace and defense research analyst, Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The company says the top three emerging trends driving the global helicopter simulator market are High-fidelity simulation systems, introduction of simulation-based training and Live, Virtual, and Constructive (LVC)-based training – and it expects the global helicopter simulator market to grow at a Compound Annual Growth Rate (CAGR) of close to 3 percent during the forecast period of 3026 -2020.
According to Abhay Singh, a lead analyst at Technavio for research on aerospace components, “The market is growing significantly because of the increased use of virtual training methods. With the continuous increase in fuel prices, it has become difficult for the helicopter operators to impart airborne training to the pilots, thereby opting for simulator-based training. This type of training consumes much lesser time compared with airborne training. Moreover, global military forces are looking forward to virtual training as an attractive option to increase the service life of an aircraft by cutting back on airborne training missions.”