New ARC Advisory Group research on Operator Training Simulators reveals that the market has recovered somewhat with the increase in the price of oil, driving demand to improve plant safety and performance. In addition, emerging economies such as China and India have begun to embrace operator simulation technology, to harness these benefits themselves.
“The growth of OTS and ITS simulation is expected to outpace that of the DCS and PLC markets. While process design and safety systems have evolved to reduce accidents, the cost of accidents has increased significantly. The continuing stream of new, inexperienced millennials taking over as operators represents a risk to production and costly accidents, but the good news is they embrace simulation-based training. The use of training simulators is well established as the fastest and most effective way to train operators for hazardous industries,” according to Rick Rys, Senior Consultant at ARC Advisory Group and key author of ARC’s Operator and Immersive Training Simulators Global Market Research 2018-2023 report.
About the Operator Training Simulators Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the operator training simulators market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, revenue category, simulation type, simulation environment, visualization type, sales channels, and customer tier.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes two years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.