Sellbyville, DE -- (SBWIRE) -- 05/01/2019 -- The growing adoption of operator training simulators market in the aerospace & defense industry to train pilots or astronauts for flying aircraft or space shuttle will drive the market growth. In February 2019, General Atomics Aeronautical Systems, Inc. collaborated with Sankhya Infotech Limited to provide the simulation technology to pilots, operators, and maintenance crew.

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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 simulators 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.

Head Mounted Displays (HMDs) are witnessing a high adoption in the operator training simulators market due to the increased interactivity with the virtual environment. With the growing popularity and adoption of AR & VR technology, the demand for HMDs has increased. Adoption of the technology in the flight training & automotive sector is increasing at a rapid pace. It allows businesses to provide a real-world experience to their employees, enhancing the training programs. Traditional fixed display technologies are being replaced with the HMD-based simulation training modules.

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In 2018, the North America operator training simulators market accounted for around 40% of the industry share and is expected to witness a steady growth owing to the increased demand for skilled workforce in industrial sectors. With the rapid establishment of the business base of global companies, the need for industrial workforce is growing rapidly. High costs in employing skilled labors in the U.S. and Canada are encouraging companies to implement innovative technologies to promote and train their existing employees.

Moreover, the increased investments of global companies in providing training and skills to their employees will also drive the operator training simulators market share. For instance, in February 2017, Intel's new Chandler facility based in the U.S. will generate over 3,000 jobs. The company is investing nearly USD 7 billion in construction and management of the facility & staff. The simulators in the facility will help businesses to train such large number of employees with minimized cost & time, providing an impetus to the operator training simulators market demand.

Major companies in the operator training simulators 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.

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