Operator Training Simulators Market by End-users (Oil & Gas, Aerospace & Defense, Medical & Healthcare, Automotive, and Energy & Power), Components (Software [Immersive Simulation, Control Simulation, and Process Simulation], Service, and Hardware), Operator Types (Field Operator and Console Operator), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global operator training simulators market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the increasing demand for competent process operators and corporate initiatives for workplace safety for employees.
Operator training simulators (OTS) is a platform for the replication of rarely or complex happening circumstances where operators can train well before handling them in real-life scenarios without putting another person’s life and workplace at risk. The components of an OTS are control system integration software, dynamic simulation software, instructor interface, distributed control system emulator, replica of the operator station, and process model. Inappropriate training associated to automation equipment, process, and safety procedures for maintenance tasks lead to industrial accidents. For situations like these, OTS solutions prove to be the finest choice for providing the essential training required to conduct operations proficiently. An OTS takes care of the gap in the academic training and practical training.
The COVID-19 pandemic outbreak had brought positive impact on the market. During pandemic, industries were not operational, to cope up with loss faced during pandemic companies brought a new and advanced device. For training of these device to employee while maintaining social distancing norms company has deployed OTS solutions. Additionally, healthcare sector is using OTS platforms during pandemic for training of healthcare professionals.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing need to train new employees for suitable skills is one of the key factor driving the market growth.
- Rising government regulations for safety of workers at workplace is projected to drive the market expansion during the forecast period.
- Growing issues regarding the ability of the simulator in mimicking the actual environment of manufacturing plant can restrict the market growth in the coming years.
- Escalating cost of OTS systems updates and maintenance can hamper the market growth during the projected timeline.
- Customizing OTS platform according to manufacturing plant is projected to create significant growth opportunities for the market.
Scope of the Report
The report on the global operator training simulators market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Operator Training Simulators Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | End-users (Oil & Gas, Aerospace & Defense, Medical & Healthcare, Automotive, and Energy & Power), Components (Software [Immersive Simulation, Control Simulation, and Process Simulation], Service, and Hardware), and Operator Types (Field Operator and Console Operator) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Honeywell International Inc.; AVEVA Group plc.; Aspen Technology, Inc.; CORYS; Siemens AG; ABB Ltd.; Andritz Automation; and Mynah Technologies LLC |
Market Segment Insights
High rate of training the employees drive the aerospace & defense segment
Based on end-users, the market is fragmented into oil & gas, aerospace & defense, medical & healthcare, automotive, and energy & power. The aerospace & defense segment is expected to grow at a rapid pace during the forecast period attributed to high rate of training the employees to face a variety of real-time conditions on OTS platform. Moreover, growing implementation of cloud platforms by aerospace vendors for training simulator solutions enables seamless collaboration and high efficiency, which presents a major factor driving the segment. However, the energy & power segment is anticipated to expand at a substantial CAGR in the coming years due to escalation in the number of government initiatives for workplace safety of employees in manufacturing plants facing hazardous environments and scenarios.
Hardware segment is projected to expand at considerable CAGR
In terms of components, the global operator training simulators market is divided into software, service, and hardware. The software segment is further segmented into immersive simulation, control simulation, and process simulation. The software segment is expected to account for a major market share during the projected timeline attributed to boost in demand for innovative OTS solutions with improved features. On the other hand, the hardware segment is projected to expand at a considerable CAGR during the forecast period owing to need for innovative systems to deploy and operate advanced software for a simulator for operator training.
Rise in demand for onsite labor increases the console operator segment market share
On the basis of operator types, the market is bifurcated into field operator and console operator. The console operator segment is estimated to account for a significant market share during the forecast period due to the rise in demand for onsite labor in industries such as, petrochemical plants, mining, and oil refineries. However, the field operator segment is anticipated to grow at a high CAGR during the projected period attributed to increasing employment opportunities. Furthermore, field challenges including high turnaround time, extreme weather, and irregular terrain require that field operators are efficiently trained to face these situations mentally as well as physically, which is projected to accelerate the segment growth further.
North America is anticipated to constitute a key market share
In terms of region, the global operator training simulators market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to increasing awareness about workplace safety in the region and the necessity of training new skills to current employees. However, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period due to the rising adoption of automation across several industries in the region and extensive use of OTS platform for the training to workers.
Segments
Segments Covered in the ReportThe global operator training simulators market has been segmented on the basis of
End-users
- Oil & Gas
- Aerospace & Defense
- Medical & Healthcare
- Automotive
- Energy & Power
- Software
- Immersive Simulation
- Control Simulation
- Process Simulation
- Service
- Hardware
- Field Operator
- Console Operator
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Honeywell International Inc.
- AVEVA Group plc.
- Aspen Technology, Inc.
- CORYS
- Siemens AG
- ABB Ltd.
- Andritz Automation
- Mynah Technologies LLC
Competitive Landscape
Key players competing in the global operator training simulators market are Honeywell International Inc., AVEVA Group plc.; Aspen Technology, Inc.; CORYS; Siemens AG; ABB Ltd.; Andritz Automation; and Mynah Technologies LLC
Companies are focusing on investment in R&D for development of technologically advanced and customized OTS platform for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in April 2018, Honeywell International Inc. the U.S. based company announced a launch of cloud-based simulator solution. This solution was developed in the combination of augmented reality and virtual reality to train industrial workers.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Operator Training Simulators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Operator Training Simulators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Operator Training Simulators Market - Supply Chain
4.5. Global Operator Training Simulators Market Forecast
4.5.1. Operator Training Simulators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Operator Training Simulators Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Operator Training Simulators Market Absolute $ Opportunity
5. Global Operator Training Simulators Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Operator Training Simulators Market Size and Volume Forecast by End Users
5.3.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Operator Training Simulators Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Operator Training Simulators Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Operator Training Simulators Demand Share Forecast, 2019-2026
7. North America Operator Training Simulators Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Operator Training Simulators Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Operator Training Simulators Market Size and Volume Forecast by End Users
7.4.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Operator Training Simulators Demand Share Forecast, 2019-2026
8. Latin America Operator Training Simulators Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Operator Training Simulators Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Operator Training Simulators Market Size and Volume Forecast by End Users
8.4.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Operator Training Simulators Demand Share Forecast, 2019-2026
9. Europe Operator Training Simulators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Operator Training Simulators Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Operator Training Simulators Market Size and Volume Forecast by End Users
9.4.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Operator Training Simulators Demand Share Forecast, 2019-2026
10. Asia Pacific Operator Training Simulators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Operator Training Simulators Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Operator Training Simulators Market Size and Volume Forecast by End Users
10.4.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Operator Training Simulators Demand Share Forecast, 2019-2026
11. Middle East & Africa Operator Training Simulators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Operator Training Simulators Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Operator Training Simulators Market Size and Volume Forecast by End Users
11.4.1. Oil & Gas Aerospace & Defense Medical & Healthcare Automotive Energy & Power
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Operator Training Simulators Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Operator Training Simulators Market: Market Share Analysis
12.2. Operator Training Simulators Distributors and Customers
12.3. Operator Training Simulators Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Honeywell International Inc. AVEVA Group plc. Aspen Technology, Inc. CORYS Siemens AG ABB Ltd.
The global operator training simulators market has been segmented on the basis of
End-users
- Oil & Gas
- Aerospace & Defense
- Medical & Healthcare
- Automotive
- Energy & Power
- Software
- Immersive Simulation
- Control Simulation
- Process Simulation
- Service
- Hardware
- Field Operator
- Console Operator
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Honeywell International Inc.
- AVEVA Group plc.
- Aspen Technology, Inc.
- CORYS
- Siemens AG
- ABB Ltd.
- Andritz Automation
- Mynah Technologies LLC
Key players competing in the global operator training simulators market are Honeywell International Inc., AVEVA Group plc.; Aspen Technology, Inc.; CORYS; Siemens AG; ABB Ltd.; Andritz Automation; and Mynah Technologies LLC
Companies are focusing on investment in R&D for development of technologically advanced and customized OTS platform for the market. Furthermore, companies are widely engaging in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers. For instance, in April 2018, Honeywell International Inc. the U.S. based company announced a launch of cloud-based simulator solution. This solution was developed in the combination of augmented reality and virtual reality to train industrial workers.
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