Retiring Industrial Workforce to Drive Growth in Operator Training Simulators According to Latest ARC Research

New ARC Advisory Group research on the Operator Training Simulators (OTS) market reveals that as the current generation of highly experienced workers retires from the industrial workforce, high-fidelity operator training simulator (OTS) technology will play an increasingly important role in getting the new generation of operators and maintenance technicians up to speed.  As a result, despite the current disruptions in key markets related to the COVID-19 coronavirus pandemic and the precipitous drop in oil prices, the ARC market research indicates that the overall market for OTS solutions should recoup slowly with modest growth over the forecast period.  This includes both OTS software and services.

According to Rick Rys, Senior Consultant at ARC Advisory Group and key author of ARC’s Operator Training Simulators Global Market Research report, “A trend we’re seeing is for power generation plants, pipeline operators, refineries, and petrochemical plants to increasingly outsource the development and maintenance of high-fidelity, unit-specific training simulators to their OTS suppliers, such as Honeywell, GSE Systems, Yokogawa, Emerson, and Yokogawa.  This generates incremental revenue for the suppliers and enables the end users to focus on their core competencies.”

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 modelling techniques.  The research includes competitive analysis, plus five-year market forecasts by simulation type, visualization, revenue category, industry, sales channel, and customer tiers, plus an overview of the leading OTS suppliers.

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 five 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.

Research Scope

STRATEGIC ANALYSIS

• Major Trends
• Regional and Industry Trends

• Strategies for Success

COMPETITIVE ANALYSIS

• Market Shares of the Leading Suppliers
• Market Shares by Region (North America, Europe, Middle East, Africa, Asia, Latin America
• Market Shares by Revenue Category (Hardware, Software, Services)
• Market Shares by Industry (Power Generation, Oil & Gas, Refining, Chemicals, etc.)
• Market Shares by Simulation Type (Generic, High Fidelity, Medium Fidelity, Low Fidelity)
• Market Shares by Visualization (2D, 3D Immersive-Virtual Reality)
• Market Shares by Simulation Environment (Field, Console)
• Market Shares by Customer Tier

• Market Shares by Sales Channel

MARKET FORECASTS & HISTORIES

• Total Shipments of OTS Systems
• Shipments by Region
• Shipments by Industry
• Shipments by Revenue Type
• Shipments by Simulation Type
• Shipments by Visualization
• Shipments by Simulation Environment
• Shipments by Customer Tier

• Shipments by Sales Channel

INDUSTRY PARTICIPANTS

The research identifies all relevant suppliers serving this market and discusses the offerings of the leading suppliers.

For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.