What’s Driving the Operator Training Simulator Market Trends? | Key Companies are ARA, Aspen Technology, AVEVA, DNV GL, DuPont, ESI Group, FLSmidth, Honeywell, Schneider Electric, Siemens, Tecnatom, Trax Technologies

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.

Industry professionals are training their operators to tackle life-threatening situations which has led to increased emphasis on safety of workers, optimization and efficiency of simulators – a factor that is likely to impel the operator training simulator market share in the times to come.

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The key players covered in operator training simulator market study: -
1. ANDRITZ Automation
2. ARA
3. Aspen Technology
4. AVEVA
5. DNV GL
6. DuPont
7. EON Reality
8. ESI Group
9. FLSmidth
10. GSE Systems
11. Honeywell
12. Immerse
13. Schneider Electric
14. Siemens
15. Tecnatom
16. Trax Technologies

Chapter 3. Operator Training Simulator Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2025
3.3. Industry ecosystem analysis
3.3.1. Technology providers
3.3.2. System integrators
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Technology & innovation landscape
3.4.1. Exoskeleton
3.4.2. Haptic technology
3.4.3. Head Mounted Displays (HMDs)
3.4.4. High-fidelity operator training simulator
3.5. Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Rising adoption in aerospace & defense sector
3.6.1.2. Stringent government regulations to maintain safe and environmental compliant operations in North America
3.6.1.3. High demand for skilled workforce in Europe
3.6.1.4. Increased efforts to reduce accidents and improve plant operations in Asia Pacific and Latin American
3.6.1.5. Rise in business expenses for training employees in MEA
3.6.2. Industry pitfalls & challenges
3.6.2.1. Interoperability concerns
3.6.2.2. High cost of implementation
3.7. Growth potential analysis

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The technology is widely-used in large-scale projects for ensuring the safety of the field & control room operator in a plant. Industries are using virtual systems that integrate simulation with Virtual Reality (VR-OTS) for providing effective training with a sense of real environment, boosting operator training simulator market growth. The 3D simulation connects control room operators to field & maintenance operators, providing them a 3D virtual view of the entire plant, improving safety and enabling operators to perform tasks in a simulated environment.

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.

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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.

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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.

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