Driving Simulator Market Share, Opportunities, Industry 2031

Segments - Driving Simulator Market by Applications (Motor Sports & Gaming, Research & Testing, and Training), Simulator Types (Advanced, Compact, and Full-scale), End-users (Aviation, Marine, and Automotive), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global driving simulator market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the introduction and evolution of autonomous vehicles across the globe.

Driving simulator is a type of technology which involves the driver in an artificial environment that is intended to replace one or more components of the actual driving experience. Driving simulators are being utilized by researchers and engineers for intelligent highway design, and vehicle design. Moreover, it can examine and study human factors such as driving habits under the influence of alcohol, drugs, and extreme weather conditions. The COVID-19 pandemic outbreak has a negative impact on the industry as it disrupted supply chain management across the globe. The market is expected to recover soon due to increasing subside of the virus cases worldwide.

Market Trends, Drivers, Restraints, and Opportunities

Rise in investments by major automotive manufacturers for components of autonomous vehicles is projected to boost the market growth.
Increase in the use of driving simulators by original equipment manufacturers to measure the performance and capabilities of components are expected to fuel the market growth.
Research related to driving simulator is limited due to high installation and usage cost. This acts as a major restraining factor for the market.
Low-fidelity simulators may evoke unrealistic driving behavior, which results in invalid research outcomes. This is expected to hamper the market growth in the coming years.
Rise in demand for safety features such as collision avoidance system, automatic parking, adaptive cruise control, and lane departure warning system to provide potential growth opportunities for smart manufacturing players.

Scope of the Report

The report on the global driving simulator market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Driving Simulator Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Motor Sports & Gaming, Research & Testing, and Training), Simulator Types (Advanced, Compact, and Full-scale), and End-users (Aviation, Marine, and Automotive)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Anthony Best Dynamics Limited; Thales Group; L3 Technologies Inc.; Bosch Rexroth AG; and CAE, Inc.

Market Segment Insights

Research & testing segment to grow at a rapid pace

Based on applications, the global driving simulator market is divided into motor sports & gaming, research & testing, and training. The research & testing segment is expected to grow at a rapid pace during the forecast period owing to the evolution of autonomous vehicles. Automobile manufacturers around the world are investing into several R&D programs in order to bring completely autonomous vehicles to market. However, the training segment is anticipated to hold a key share of the market in the coming years as driving simulators are used in training institutions for basic driving instruction.

Compact segment to hold major market share

On the basis of simulator types, the market is segregated into advanced, compact, and full-scale. The compact segment is projected to hold major market share during the forecast period owing to wide adoption of the technology for various training purposes. Compact simulator is widely applied in several vehicle types as it is considered to be more practical and cost efficient. On the other hand, the advanced segment is anticipated to register a considerable CAGR during the forecast period owing to the advancement in technological features such as motion platform and 360 degree viewing angle, which uplifts the driving experience.

Automotive segment to account for significant market share

Based on end-users, the global driving simulator market is segmented into aviation, marine, and automotive. The automotive segment is anticipated to account for significant market share attributed to major adoption for passenger as well as commercial vehicles across the globe. However, the aviation segment is anticipated to hold a key share of the market in the coming year as the segment witnessed rise in investment for development of technologically updated training centers by major players.

Europe is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period as the region is hub for several key players of the automotive industry. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rising investment in research & development in the automotive industry by some leading players in the region.

Segments

Segments Covered in the Report

The global driving simulator market has been segmented on the basis of

Applications

Motor Sports & Gaming
Research & Testing
Training

Simulator Types

Advanced
Compact
Full-scale

End-users

Aviation
Marine
Automotive

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Anthony Best Dynamics Limited
Thales Group
L3 Technologies Inc.
Bosch Rexroth AG
CAE, Inc.

Competitive Landscape

Key players competing in the global driving simulator market are Anthony Best Dynamics Limited; Thales Group; L3 Technologies Inc.; Bosch Rexroth AG; and CAE, Inc. Companies are focusing on business strategies such as partnerships, collaborations, and merger & acquisitions to expand their market share. Furthermore, key players are also engaging to expand their capacity to leverage their market position. In February 2018, Bosch Rexroth has announced that it would offer the Renault Dynamic Driving Simulator with an enhanced motion platform.

Driving Simulator Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Driving Simulator Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Driving Simulator Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Driving Simulator Market - Supply Chain
  4.5. Global Driving Simulator Market Forecast
     4.5.1. Driving Simulator Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Driving Simulator Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Driving Simulator Market Absolute $ Opportunity
5. Global Driving Simulator Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Driving Simulator Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Driving Simulator Demand Share Forecast, 2019-2026
6. North America Driving Simulator Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Driving Simulator Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Driving Simulator Demand Share Forecast, 2019-2026
7. Latin America Driving Simulator Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Driving Simulator Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Driving Simulator Demand Share Forecast, 2019-2026
8. Europe Driving Simulator Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Driving Simulator Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Driving Simulator Demand Share Forecast, 2019-2026
9. Asia Pacific Driving Simulator Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Driving Simulator Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Driving Simulator Demand Share Forecast, 2019-2026
10. Middle East & Africa Driving Simulator Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Driving Simulator Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Driving Simulator Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Driving Simulator Market: Market Share Analysis
  11.2. Driving Simulator Distributors and Customers
  11.3. Driving Simulator Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Anthony Best Dynamics Limited
     11.4.2. Thales Group
     11.4.3. L3 Technologies Inc.
     11.4.4. Bosch Rexroth AG
     11.4.5. CAE, Inc.