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Operator Training Simulator Market to Experience Significant Growth in Asia Pacific Over 2019 to 2025

Author : Ronak Bora | Published Date : 2019-06-07 

The Asia Pacific operator training simulator market will expand at a rapid pace over the coming years due to the growing demand for highly-skilled workforce and the adoption of virtual training to ensure the safety of trainees and cost-effectiveness in oil & gas, aerospace & defense, mining, healthcare, and chemical sectors. The increased adoption of advanced technologies, such as the IoT and automated process, in China, India, Japan, Indonesia, and Singapore has reduced the number of plant accidents. Maintaining the safety of environments for operators remains a major concern for industries.

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The revenue graph of operator training simulator market is projected to foresee exponential growth owing to the continuous improvement in these products and rising emphasis on recruiting skilled workforce. Skill development helps to enhance productivity, safety, profitability, controllability, and stability of the enterprise operations. The increasing focus to reduce injuries and fatalities to maintain safe operations across various business verticals is expected to aid the operator training simulator market growth.

The rise in government regulations to maintain safe enterprise operations for reducing the fatalities and injuries is expected to augment the operator training simulator market demand. The technology is reducing capital investment costs and enabling process yield improvement. The simulators provide safer operation while enhancing productivity and performance. Several government organizations have developed programs and policies to ensure the safety of workers or employees in different application segments by implementing simulation-based training module.

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Head Mounted Displays (HMDs) are witnessing a high adoption in the operator training simulator market due to the increased interactivity with the virtual environment. With the growing popularity and adoption of AR & VR technology, the demand for HMDs has increased. Adoption of the technology in the flight training & automotive sector is increasing at a rapid pace. It allows businesses to provide a real-world experience to their employees, enhancing the training programs. Traditional fixed display technologies are being replaced with the HMD-based simulation training modules. Moreover, it is easy to evaluate the performance of operators with the help of HMDs. Simulators can compute and display the operator’s longitudinal & lateral control performance in real-time, positively impacting the market growth.

Major companies in the operator training simulator market include Andritz Group, DuPont Inc., ESI Group, FLSmidth & Co. A/S, Yokogawa Electric Corporation, Siemens AG, Schneider Electric SE, HyperionRSI Simulation, Honeywell International Inc, Immerse Learning, EON Reality Inc., Aveva Group PLC, ABB Group, and Applied Research Associate, Inc. Players in the market are involved in developing customized solutions based on the industrial requirement, allowing businesses to implement a training module that will support business operations and tasks.

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Retiring experienced workforce and the increasing demand for quality training of young staff will also contribute in proliferating the operator training simulator industry trends. According to a research report by Global Market Insights, Inc., the operator training simulator market is expected to surpass a remuneration portfolio of USD 20 billion by 2025.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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