Retiring industrial workforce to drive operator training simulator growth says ARC research
May 13, 2020
Many are increasingly outsourcing the development and maintenance of high-fidelity, unit-specific training simulators to their OTS suppliers
ARC Advisory Group research on the global Operator Training Simulators (OTS) market shows that as the current generation of 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, the ARC market research indicates that the overall market for OTS solutions should recoup slowly with modest growth over the forecast period despite the global pandemic. This includes both OTS software and services.
"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," said Rick Rys, senior consultant at ARC Advisory and key author of ARC’s Operator Training Simulators Global Market Research report. "This generates incremental revenue for the suppliers and enables the end users to focus on their core competencies."
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.
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