MarkNtel Advisors recently published a detailed industry analysis of the Global Ship Simulator Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Ship Simulator Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Ship Simulator Market size is valued at around USD 3.88 billion in 2024 & is estimated to grow at a CAGR of around 6.4% during the forecast period, i.e., 2024-30.
Key Findings in Global Ship Simulator Market:
Leading Market Players- Wärtsilä, Rheinmetall AG, General Dynamics Information Technology, Atlair Engineering Inc., Force Technology, ST Engineering, Furuno Electric Co. Ltd, Naudeq, PC Maritime, VSTEP BV, Poseidon Simulation AS, Virtual Marine, Inc., Shanghai Haiyang Weather Routing Technology Co., Ltd., Applied Research International (ARI) Simulation, Aboa Mare Ab, Others (Kongsberg Maritime, BMT, etc.)
Key Highlights of the Report
What are the major Driver the Global Ship Simulator Market?
Extensive Adoption of the Simulation Solutions by the Off-Shore Organizations – Over the years, the expanded usage of oil and gas in the power and transportation sector has led many offshore oil & gas exploration companies like E23onMobil, Royal Dutch Shell, etc., to ramp up their oil drilling operations. These operations take place beneath the seabed and have been highly complex due to harsh environments like hurricanes, high winds, etc. Therefore, the ship operators were required to be well-trained. Hence, offshore companies like Marathon Petroleum, Furetank, and others were inclined towards ship simulator systems to train their crew to reduce the risks of sea accidents. For instance,
Moreover, the offshore exploration of oil & gas played a vital role in the overall increase in oil & gas production recently, especially across North American countries. The increase in the oil & gas extraction activities within the water requires regular transportation of the drilling equipment, personnel, and supplies to offshore drilling locations via ships. As a result, the need for ships & highly trained ship operators and crew would arise, which would boost the demand for ship simulator systems in the coming years as well.
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What segments define the Global Ship Simulator Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
According to report, The maritime regulations, both at the international and national level, set forth by the International Maritime Organization (IMO), mandates that maritime personnel be proficient in Global Maritime Distress and Safety System (GMDSS) procedures and the utilization of related equipment
By Application
By End Users
According to report, Ship simulators are widely used in the training activities, ship operations, combat simulations, and emergency response procedures of naval forces and coast guard agencies of countries like the US, India, etc
By Organization Size
Explore the Complete Global Ship Simulator Market Analysis Report – https://www.marknteladvisors.com/research-library/ship-simulator-market.html
Geographical Analysis: Global Ship Simulator Market
By Region
Global Ship Simulator Market Recent Development:
Key Questions Addressed in This Study
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