Driving Simulator Market

Driving Simulator Market Size (2023-2028):

The Global Driving Simulator Market was worth US$ 2.2 billion in 2022 and is anticipated to reach a valuation of US$ 3.35 billion by 2028 and is predicted to register a CAGR of 7.46% during 2023-2028.

Market Drivers:

The driverless car technology is anticipated to specialize in eliminating on-road fatalities with design algorithms likely to help in decision-making processes within the vehicle. Currently developed by major technology players like Google, Volvo, and lots of others, the simulation is additionally predicted to assist beforehand R&D within the connected car space. Moreover, superior neural network algorithms are developed to resemble the technologically interconnected world in the future, driving the simulation market further within the connected car algorithmic research. 

The increase in road accidents, coupled with the adoption of advanced technologies, is mainly deemed to support the expansion of the global driving simulator market size in the coming years.

Market Restraints:

The lack of standards in the driving simulator market is restraining the market. Issues associated with the mixing are another factor restraining the expansion of this market.

Market Recent Developments:

• Nvidia is unveiling much new stuff at CES, and most of it centres around cars. One of its most exciting introductions is AutoSIM, the virtualized testing environment it uses to drive extra hours in simulation than anyone ever could using real cars on streets
• Virage Simulation and AutoSim AS introduced that AutoSim will distribute and support Virage Simulation's products in Asia and Europe. Consistent with the agreement, AutoSim is granted exclusivity within the Nordic countries and can collaborate to help the sales and services of Virage Simulation production in Asia and Europe.
• The next generation of autonomous vehicles (AV) is going to be designed faster, safer, and more affordable because of a strategic partnership between AVSimulation and Ansys. The collaboration confirms revolutionary simulation technology from AVSimulation with Ansys' immersive autonomous driving simulation solutions, greatly accelerating AV's path to plug for automobile manufacturers.
• Knorr-Bremse, a famous rail systems provider in Germany has recently sold its Sydac driver training simulators enterprise to Oktal, a part of the Sogeclair group based in France. The corporation wants to specialize in its connected onboard railway subsystems and related services.

DRIVING SIMULATOR MARKET REPORT COVERAGE:

Market Segmentation:

Driving Simulator Market - By Application:

• Research & Testing
• Training 

The research segment held a dominant position within the global driving simulator market in 2017 and is likely to continue its dominion over the outlook period. The research segment was valued at US$ 81.6 Million in 2017 and is assumed to reach US$ 101.5 million by 2025, progressing with a CAGR of 2.8% over the forecast period. The surge in the adoption of driving simulators for research activities has accelerated the growth of the segment within the market. Driving simulators have a broad range of applications in studies concerning driver behaviour, human-machine interface, road and landscape design, and tunnel design. Moreover, the increasing adoption of these driving simulators by vehicle manufacturers to style interiors or check advanced driving assistance systems is predicted to assist in the growth of the market. The increasing use of various in-vehicle infotainment systems like satellite navigation systems, e-mail systems, and cell phone connectivity has also increased demand for simulators because they play a severe role in assessing the security and utility of such devices.

Driving Simulator Market - By Simulators:

• Driving Training Simulator
• Advanced Driving Simulator

Driving Simulator Market - By Driving Training Simulators:

• Compact Simulator
• Full-Scale Simulator

Driving Simulator Market - By Vehicle:

• Car Simulator
• Truck & Bus Driving Simulator

Car simulators are presently leading the global driving simulator market, which is likely to expand at a notable growth rate in the foreseen years.

Market Reginal Analysis:

The Global Driving Simulator Market Report includes the segmentation of regions:

• North America - U.S., Canada
• Europe - Norway, Germany, Sweden
• Asia Pacific - China, India, Japan
• Latin America - Brazil, Mexico, Argentina
• Middle East and Africa - Middle East, Africa

North America held the dominant position within the automotive driving simulator market in 2017 and is projected to continue its dominion over the forecast period. In 2017, North America generated revenue of US$ 56.6 million and is predicted to succeed in US$ 70.2 million by 2025, with a CAGR of 2.7% over the outlook period. The USA and Canada are major economies driving the growth of the automotive driving simulator market during this region. The government's support to encourage the utilization of driving simulators to avoid accidents and improve infrastructure to support these advanced technologies is predicted to fuel the growth of the market. Moreover, increasing research and development projects for advanced technologies like autonomous vehicle development and connected cars are additionally driving the growth of the automotive driving simulator market in this region. Europe is also contributing significantly to the global automotive driving simulator market increase.

Market Key Players:

1. AutoSim AS
2. Teknotrove Simulator System Pvt. Ltd
3. OKTAL
4. Cruden B.V.
5. Mechanical Simulation Corporation
6. Dallara
7. Moog, Inc.
8. IPG Automotive
9. ECA- Group
10. Ansible Motion.