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Over 2019 to 2025, Operator Training Simulator Market to Witness Augmented Demand From in Simulator-Based Training Segment

Author : Ronak Bora | Published Date : 2019-06-10 

In the operator training simulator market, the simulator-based training is predicted to witness a high demand from several applications in industrial & commercial sectors. In the healthcare sector, the adoption of computer-based training solutions is growing rapidly. The training process of healthcare professionals is a complex & multidimensional process. The medical simulation offers various potential strategies for comprehensive & practical training and for safer patient care. This training also provides instant information to healthcare professionals about major errors or complications during practice sessions.

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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For instance, Federal Aviation Administration introduced National Simulator Program to improve the aviation safety through the implementation of standards and regulations that govern the qualifications of Flight Simulation Training Devices (FSTD) and seek continuous improvement in flight simulation. The industry needs to comply with the standards for improving the safety of its workers, accelerating the operator training simulator market demand.

Growth drivers of operator training simulator market: -

  1. Rising adoption in aerospace & defense sector
  2. Stringent government regulations to maintain safe and environmental compliant operations in North America
  3. High demand for skilled workforce in Europe
  4. Increased efforts to reduce accidents and improve plant operations in Asia Pacific and Latin American
  5. Rise in business expenses for training employees in MEA

Rapid change in the electric grids globally is driving the adoption of simulation tools in the energy & power sector. The micro-grid control & process power systems are increasingly supporting the local isolation operation and interconnected operation with transmission systems and distribution. Several developed economies are engaged in modernizing and replacing traditional central station grid design with sustainable distributed power sources, booting the operator training simulator market growth. Similarly, the developing countries are constructing new power grids with a wide range of distributed generation sources. The sector is witnessing an increase in complexities in the management of the distribution generation asset and its connection to the transmission systems, driving the need for advanced solutions.

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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. These systems help in creating a framework that allows companies to methodically produce safety training for workforce.

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.

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.

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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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