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.
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