Driving Simulator - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Driving Simulator market is accounted for $1.39 billion in 2019 and is expected to reach $3.04 billion by 2027 growing at a CAGR of 10.2% during the forecast period. Increasing focus on research & development, professional training requirement for new locomotive pilots and shortage of skilled drivers are driving the growth of the market. However, the complexities in real-time control along with high initial cost and lack of infrastructure in emerging countries are restraining the market growth.
Driving simulators is a replica of real-time driving environment. It is used for entertainment as well as for educational purpose. They are used widely for research purposes as well as to replicate complex situations while driving. These systems also monitor performance, attention, driver behaviour. While testing, the sensors installed in car provide data which is utilized to design and evaluate new advancements in driver assistance systems.
Based on simulator type, advanced driving simulator (autonomous) segment is going to have high growth during the forecast period due to the technologies incorporated in it, such as 360º viewing angle and motion platform, for a realistic experience. By geography, Asia Pacific is going to have lucrative growth during the forecast period due to improving lifestyles, rising number of metro cities and steadily growing population in the region.
Some of the key players profiled in the Driving Simulator Market include L3 Harris Technologies, Cruden B.V, Adacel Technologies Ltd, Cassidian, Ediser, IPG Automotive, Tecknotrove Simulator System Pvt Ltd, VI-Grade, Environmental Tectonics Corporation, Corys, ECA Group, Shrail, Transurb, Oktal Sydac, and FAAC Inc.
Transport Types Covered:
• Truck & Bus
Simulator Types Covered:
• Training Driving Simulator
• Advanced Driving Simulator (Autonomous)
• Motor Sports & Gaming
• Research & Testing
End Users Covered:
• Schools and Universities
• Original Equipment Manufacturers (OEM's) and Suppliers
• Transport Authorities
• Training Institutions
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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