Operator Training Simulator Market Analysis Report By Component, By Operator Type, By End Use, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global operator training simulator market size was accounted for USD 6,011.5 million, in 2018. It is projected to ascend with a CAGR of 11.6% over the estimated duration. Factors such as increasing demand for effective process operators, corporate undertakings for safety at the workplace especially for workers working in hazardous jobs, rising automation, and growing preference for cloud platforms are predicted to fuel the product demand over the projected period. Further, the surging requirement to train workers with essential skills is anticipated to promote the use of OTS solutions in the upcoming years.

The use of innovative technologies such as cloud hosting and VR is resulting in the growth of OTS solutions with improved effectiveness. The increasing application of training through virtual simulation with real-time environmental conditions is projected to accelerate the demand for OTS. Further, growing emphasis on time-saving, cost-effective, and robust training systems is predicted to fuel the demand for OTS solutions with enhanced efficiency over the forecast duration.

An operator training simulator solution offers a platform for replication of complex situations where operators can train the workforce before encountering real working conditions to prevent personnel risk. Workplaces such as mines and oil refineries require the use of bulky machines in several tasks that can be hazardous for the person handling them. Furthermore, inadequate training on safety processes, automation equipment, and instrumentation may often become the cause of accidents. For reducing such possibilities, OTS is the best option for offering complete training efficiently.

Manufacturing companies across the globe are using advanced OTS solutions to provide training to their workers and ensuring the utmost safety of both employees and assets. These solutions are widely used to equip employees with new skills essential for changing workplace conditions. This scenario is witnessed in manufacturing and processing industries where increasing automation is making various infrastructural changes. These industries are increasingly investing in such training programs, thereby, supplementing the demand for OTS.

The market is expected to foresee surging demand for advanced OTS solutions using interaction devices and 3D technology. However, compliance issues regarding the accuracy, the effectiveness of the simulator in replicating the real-time scenarios, and the uncertain scope of some unknown scenarios could restrain the market growth in the coming years. For example, OTC solutions should comply with the manufacturing process equipment and offer a timely training schedule. To face such challenges, manufacturers are providing personalized OTS solutions based on various plant designs.

Component Insights

The software division occupied the largest operator training simulator (OTS) market share in 2018 and is predicted to maintain its lead from 2019 to 2025. The growth is attributed to the surging demand for advanced OTS with enhanced features and the huge cost of simulating software. The process simulation category is anticipated to foresee steady demand in the upcoming years.

The hardware category is projected to witness substantial growth over the forecast years due to a shifting preference for innovative systems to function in a simulator training program. Simulator hardware along with the software is extensively demanded in various industries and manufacturers are investing heavily in such package combinations to capitalize on the quality of such programs. For example, a control panel replicates a real-time representation of the power system room environment for developing decision-making and other related skills in trainees. These factors are anticipated to boost the demand for innovative OTS hardware over the forecast duration.

Operator Type Insights

OTS solutions used to train console workers held the largest market share in 2018. Console operators require adequate training on training simulators in order to face real-time circumstances so as to minimize errors while running the plant. Moreover, the rising demand for petrochemical plants, the onsite workforce in mining, and oil refineries are projected to proliferate the demand for OTS for effective training of the console workforce.

The field operator division is anticipated to foresee an increase in demand from 2019 to 2025 owing to the increasing employment rate in the Asia Pacific and MEA. Further, the shifting focus on operational efficiency to ensure consistently improved performance, safety, and reducing accidents across various industries is predicted to boost the demand for OTS solutions. Several field encounters such as uneven terrain, high reversal time, and bad weather make it essential for field operators to get adequately trained to withstand such extreme circumstances mentally and physically.

End-Use Insights

The aerospace & defense division occupied a considerable operator training simulator market share in 2018 providing a robust training environment along with several real-time situations. Moreover, the increasing application of cloud-based platforms by several aerospace vendors for training on simulators enabling seamless collaboration, flexibility in application, excellent efficiency, secured controls, and streamlined IT expenses. The aerospace segment is witnessing a considerable growth of its commercial and industrial landscape, therefore, the requirement for a skilled workforce is expected to rise.

The energy & power segment also held a substantial market share in 2018. The demand for the product is predicted to foresee considerable growth in this sector over the estimated duration. The market growth is attributed to increasing government undertakings aimed at improving the safety of workers in industries facing harmful environments and situations.

Regional Insights

North America occupied the largest market share in 2018. Factors such as technological enhancement, automation, training programs for employees about new technology, and continuous product innovation are projected to drive the market growth over the forecast duration. Moreover, growing awareness regarding safety at the workplace and the requirement for equipping the existing workforce with new skills are predicted to bode well for the market growth in the upcoming years.

Asia Pacific market is projected to witness significant growth from 2019 to 2015 owing to the wide application of OTS software in the processing industries along with rising automation. Furthermore, the growing use of aircraft simulator solutions and the booming aviation industry are also anticipated to supplement the market growth.

Operator Training Simulator Market Share Insights

Leading players of the industry are Honeywell International Inc., Siemens, Mynah Technologies LLC, ABB, AVEVA Group plc, CORYS, Aspen Technology, Inc., and Andritz. These players are focusing on their existing customers to encourage the use of operator training simulator solutions. Various players are also offering OTS services to leverage the opportunities, as the market offers high growth avenues.

Owing to the operation of several large players, the market has become highly competitive. Companies are emphasizing technological enhancement and product innovation. For instance, Honeywell International Inc. in 2018 introduced a simulator solution having a cloud base coupled with augmented reality (AR) and virtual reality (VR) to train the industrial workforce.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global operator training simulator market report based on component, operator type, end-use, and region:

• Component Outlook (Revenue, USD Million, 2014 - 2025)
    • Hardware
    • Software
        • Control Simulation
        • Process Simulation
        • Immersive Simulation
    • Service

• Operator Type Outlook (Revenue, USD Million, 2014 - 2025)
    • Console Operator
    • Field Operator

• End-Use Outlook (Revenue, USD Million, 2014 - 2025)
    • Automotive
    • Aerospace & Defense
    • Energy & Power
    • Oil & Gas
    • Medical & Healthcare
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa