An immersive simulator is a device that can produce suspension of disbelief or a state of being deeply engaged among people. By making use of immersive technology, these simulators can blur the line between physical and the real world. Such technology is used intensively in training in industries such as medical, and oil & gas among many others as it is superior to on-field training and provides a collaborative training ecosystem.

There are many factors that are driving the global immersive simulator market. Their growing usage application, particularly in the medical industry, is expected to be a major driver of growth for the market. Such simulators also mitigate risk in the oil & gas sector through faster knowledge transfer and training in immersive simulators, thereby driving the market.

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The global immersive simulator market can be segmented on the basis of simulation environment, offering, application, industry, and geography. On the basis of simulation environment, the market can be segmented into field operator training and console operator training. On the basis of offering, the market can be segmented into software & services and hardware. Based on offering, the software & services sub-segment is expected to hold a major share of the market. Software provides real time communication which increases the efficiency in operations.

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Moreover, the growing capital expenditure smart manufacturing is also expected to propel the market. On the basis of application, the market can be classified into product development, training, and emergency services. On the basis of industry, the market can be segmented into oil & gas, metals & mining, power & energy, medical & biotech, aerospace & defense, automotive & marine, chemicals, water & wastewater, pulp & paper, food & beverages and others (cement and textile, education, tourism, and entertainment).