The Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The market for driving simulators is expanding as a result of the rising demand for experienced drivers brought on by factors such as the high rate of traffic accidents, expanding air traffic, planned high speed train projects, and large R&D expenditures on autonomous cars.
Europe is expected to be the largest driving simulator market in the forecast
Due to the region’s stricter environmental and safety laws, Europe offers a significant growth opportunity for training simulators. The market for testing and developing vehicles is expanding as a result of these changes, which will boost demand for cutting-edge simulators. Additionally, the presence of significant players in the region, including IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, strengthens the market’s potential for growth. For instance, IPG Automotive’s CarMaker product family’s version 7.0, a simulation program with new functionalities for virtual test driving, was published in April 2018. Rexroth provided one of the most cutting-edge motion platforms in February 2018 for a brand-new set of Renault vehicle simulators being built by system integrator company—AVSimulation.
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Asia Pacific is expected to be the fastest-growing market during the forecast
A rise in training programs, an increase in passenger traffic, and safety concerns are the main factors driving up demand for skilled drivers, particularly in India and South Korea. The Asia Pacific region is predicted to experience the fastest development in the driving simulator industry. Additionally, the expansion of infrastructure and industry in developing nations like India have opened up new markets, providing a number of prospects for both driving simulators and automobile OEMs. Additionally, the demand for driving simulators has been sparked by the increased awareness of driving safety precautions. The market for simulators will be influenced by the need to keep novice drivers informed of traffic laws.
The compact simulator segment is expected to be the largest training simulator type in the forecast
The most fundamental kind of simulators are compact simulators. They are small in size and are simple to move between various locations. Smaller simulators have 3-6 degrees of freedom. They come with actual steering wheels with force feedback, LCD screens, manual or automatic gearboxes, and handbrakes. These simulators are desirable since they are less expensive than full-scale simulators. For automobile OEMs who employ desktop technology to prepare models for a more sophisticated simulator (both static and dynamic), compact simulators are the perfect answer.
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Key Market Players
Players in the market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.
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