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Safety Boost Simulation Training to Alleviate High-risk Operations

Increasingly high risks environments, skilled personnel shortages, and market expansion are driving the demand for operator training across different industries. The usage of simulators and computer-based exercises is becoming the norm to boost the learning curve. This market insight provides an overview of different existing training types and training providers across the oil and gas, land transportation (road vehicles, trains, and mining vehicles), healthcare, and new training techniques and technology in the pipeline. Some of the questions being explored are: Is there any room for additional players? Can Aerospace and Defense training providers break through these markets? Which expertise can they bring?

Key Findings
-This study focuses on training and simulation (T&S) for job and skills training across oil and gas, land transportation, and healthcare industries. Simulation applications for engineering, design, prototyping, planning scenarios, or cures are not considered here.
-Stringent safety requirements, shortage of skilled personnel, and complex procedures are the common factors increasing simulated training usage for each studied segment. Additionally, respective regulations are progressively introducing simulated training as mandatory in the training curriculum. With the exception of the healthcare segment, live training is expected to drastically diminish against simulator and computer-based training (CBT), with a targeted 20:80 ratio only for live training.
-Therefore, well-established training companies expect continued market growth over the next years, boosted by demand from emerging regions and implementation of new technologies across each segment.
-Despite fragmented but mature, concentrated, and highly specialised markets and the rise of connectivity, Big Data and automated systems over the next years will bring new challenges in terms of security. Market prospects to reinforce training in cybersecurity, communication-critical networks, and remote operation control could be targeted by the aerospace and defence (A&D) training providers.

Why Is Simulation Training Essential for the Oil and Gas Industry?
Critical Shortage of Personnel
-Experienced people are retiring whilst there are few mature end users to fill upcoming positions.
-Simulation training is perceived as the most efficient and fastest way to form new employers.
Increasingly Complex and Sophisticated Procedures
-Remote and harsh operating environments involve cutting-edge technologies.
-Simulated training overcomes logistical challenges and helps nurture confidence in performing high-risk operations without any impact on real equipment.
Health- and Safety-reinforced Requirements
-There has been an emphasis on health and safety requirements after the Macondo Accident in 2010, with new standard procedures as stated by the Well Expert Committee in October 2012.
-Training throughout the supply chain is the focus, especially downstream, as it involves high-density and critical infrastructure.

Table Of Contents

Outlook of Simulation Training Across Global Non-Defence Markets of Oil and Gas, Transportation, and Healthcare
Executive Summary

Key Findings

Training and Simulation Across the Oil and Gas Industry

Why Is Simulation Training Essential for the Oil and Gas Industry?
Existing Training Solutions
Evolving Training Solutions
Future Training Solutions
Examples of Recent Training and Simulation Programs
Opportunities Roadmap

Training and Simulation Across Land Transportation

Importance of Simulation Training for Land Transportation
Existing Training Solutions
Evolving Training Solutions
Future Training Solutions
Examples of Recent Training and Simulation Programs
Opportunities Roadmap

Training and Simulation Across Healthcare

Importance of Simulation Training for Healthcare
Existing Training Solutions
Evolving Training Solutions
Future Training Solutions
Examples of Recent Training and Simulation Programs
Opportunities Roadmap

Conclusion

Key Opportunities Across Each Segment
Advised Routes to Market for Newcomers

Appendix

Legal Disclaimer
List of Acronyms

The Frost and Sullivan Story

The Frost and Sullivan Story
Value Proposition
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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