The research report on “Operator
Training Simulator Market
Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy,
Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE,
South Africa), Application Development, Competitive Landscape & Forecast,
2016 - 2024”, global Operator
Training Simulator Market share is
estimated to grow at a double digit CAGR over the forecast timeline.
Operator Training Simulator
Market size drivers include the rising digital generation workforce and
government rules regulating operator safety. Operator performance is critical
to process safety, reliability and profit. Operator errors can have an
extensive negative impact on the safety of the operating equipment and human
life, and induce risks and undesirable costs. The continuously retiring
workforce that has in-depth knowledge about the operation of manufacturing
machineries has led to a loss in worker knowledge and is being replaced by an
in-experienced, younger generation. This has triggered the growth of
intelligent, virtual training simulators at the workplace driving the operator
training simulator market.
The economic growth in
developing and developed countries has increased the demand for production
operations and driven up the demand for skilled labor. Government rules and
regulations monitoring operator safety and environment compliancy have
necessitated time efficient and durable training technologies. Operator
training simulator market allows the prevention of accidents and undesirable
outcomes by providing worst case scenarios of real life situations.
The manufacturing and
maintenance costs of virtual reality based training systems is high owing to
the complexity of the simulator production. The labor required for its
manufacturing is highly specialized and further increases the input costs.
Awareness of the benefits of operator training simulator market is limited and
has reduced the adoption of these equipment in the training process of the
enterprises. The head and eye movement technology used in these simulators must
be finely tuned to respond to real-time operator reactions and requires
precision and technological complexity. However, the technology is not advanced
enough to match the requirements and can prove to be a factor hindering the
growth of the operator training market.
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Operator training simulator market solution is
designed to train operators in various industries operating in high-risk
environments, for instance, chemical, mining and refining industries. It
enables operator-training at a lower time and faster knowledge retention as
compared to traditional training techniques. Technological innovations and
advancements provide opportunities driving the operator training simulator
market growth. Immersive simulators is a rising trend which creates a virtual,
interactive 3D atmosphere for the operator. These simulators are gaining
prominence in the oil and gas industries for risk mitigation driving the
operator training simulator market.
The operator training simulator market can be
bifurcated based on solution types including 2D, 3D, dynamic high fidelity,
generic high fidelity and immersive virtual reality type solutions. Generic
simulators are application-specific equipment and are primarily used by train
operators for the process industries. Immersive virtual reality type solution
segment is predicted to have a high growth owing to its increasing application
in medical, oil and gas, police, and defense industries which is expected to
drive the operator training simulator market over the future. In March 2017,
the Binghamton Police unveiled the Vir-Tra V-180 simulator which uses immersive
training technology that includes seventy scenarios to train police officers.
The technological solution enables a graphical representation of the operator
to interact in a virtual reality based environment with the aid of head mounted
displays to monitor head and eye movements.
Operator training simulator market can be segmented
based on applications which comprise chemicals, oil & gas, nuclear, mining,
pulp and paper, refining, metal and mining, automotive, marine, defense,
medical and biotech, food and beverage, and other industries. The market is
anticipated to experience high growth in mining, oil and gas, and nuclear
application segment. Risk mitigation is a primary factor contributing to growth
in the oil and gas industry. The elevated risk and potentially harmful
environment of these industries requires skill and precision. Small errors can
have fatal consequences and adoption of operator training simulator market
technologies in process plants can train the staff in process and control
management in disruption handling.
The U.S operator training simulator
market is estimated to lead the industry owing to the technological
advancements in the development of simulators. Stringent government rules and
regulations monitoring operator safety will further streamline the industry
growth. The Asia Pacific region will experience huge adoption of operator
training simulator market attributing to the rising awareness of the benefits
and the fast-growing population base in developing economies, for instance
China and India.
Players in the global operator
training simulator market need to continuously employ business strategies such
as product development and innovations, collaborations, mergers and
acquisitions to obtain competitive advantage and sustain their position.
Companies providing this solution include Honeywell International Inc, TRAX,
Bayer AG, DuPont, EON Reality Inc., AVEVA, AspenTech, GSE Systems, Hyperion
Solutions Corporation, ABB Group, Siemens, Tecnatom, FLSmidth, Mynah
Technologies, Andritz Automation, DNV-GL and Research Solutions Inc. In May
2015, ExxonMobil Research Qatar announced a global commercial license to EON
Reality Inc. for the immersive 3D operator training simulator market
technology. The process simulator used real plant operating conditions to
create training situations for critical procedure execution and emergency
response.
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