The global Driving Simulator Market was valued at USD 1.5 billion in 2020 and is expected to reach USD 2.1 billion by 2025, growing at a CAGR of 7.2% during the forecast period. Increasing demand for skilled drivers due to high road accident rates, growing air traffic, upcoming high-speed train projects, and significant R&D investments in autonomous vehicles are primarily driving the demand for driving simulators. The market has witnessed growth in developing as well as developed countries.
Today industries, including railways, aviation, automotive, marine, and defense, are facing a shortage of skilled drivers. As more than 90% of all accidents are caused by human errors, a driving simulator is a much-needed development. The driving simulator is a technology that trains the driver to avoid collisions from all directions with the help of a virtual environment. Thus, globally the requirement of driving simulators is gaining fast pace, boosting the growth of the overall driving simulator market for driving simulators.
Shortage of skilled drivers
Today industries, including railways, aviation, automotive, marine, and defense, are facing a shortage of skilled drivers. As more than 90% of all accidents are caused by human errors, driving simulator is a much-needed development. The driving simulator is a technology that trains the driver to avoid collisions from all directions with the help of a virtual environment. The system accomplishes this function through a 360-degree view and a motion platform providing up to 9 degrees of freedom. This system helps the driver in managing the situation in a controlled manner. Thus, a driving simulator is more efficient and improves safety to a great extent. For instance, the ECA Group has included driving training simulation system for commercial truck driving, which is its most advanced training solution for students and corporate drivers. The company has a wide-angle for technologically advanced professional driving training simulators like next-generation Truck Driving Simulator for truck fleets and training schools.
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Simulators for police and emergency vehicles
Driving simulators designed for categories requiring specific needs in terms of driving training simulation are customized with advanced technologies like 3D visualization and 360-degree view. Professional simulators for defense, police, and ambulance are fulfilling urgent and skillful training of police, military personnel, firefighters, and ambulance drivers. These simulators ensure training solutions for crew and vehicle safety, mission stress, speed, obstacles, traffic hazards, and road users to increase the proficiency of emergency response from drivers and riders. The recognition of these simulators is gaining pace steadily worldwide. For instance, in December 2020, the Royal Oman Police (ROP) selected Tecknotrove’s TecknoSIM driving simulators for improving road safety and reduce road accidents in Oman. TecknoSIM driving simulators will be customized to incorporate road rules and regulations, as seen in Oman. These driving simulators will be deployed across 11 driver training and testing centers in Oman by early 2021. Similarly, VirTra, Inc., a global provider of training simulators for the law enforcement, military, educational and commercial markets, was awarded an indefinite delivery/indefinite quantity (IDIQ) contract from the Department of State for the Republic of Mexico in April 2020. The contract was valued at USD 1.6 million. VirTra Driver Training Systems (V-DTS) will be supplied to numerous state police academies and correctional facilities in Mexico.
The Asia Pacific driving simulator market is projected to be the fastest by 2025
Improving lifestyles, rising number of metro cities and steadily growing population have played a vital role in increasing the production and sales of passenger cars in Asia Pacific. Safety regulations are present in a few Asia Pacific countries, such as Japan and South Korea, and demand in these countries is anticipated to be on the rise for the next five years. China, South Korea, India, and Japan are expected to introduce stringent vehicle and road safety regulations due to their growing population as well as vehicle demand. Factors such as limited infrastructure and increasing number of accidents are likely to trigger the demand for skilled drivers, which will lead to demand for training simulators.
Key Market Players
The global driving simulator market is dominated by major players Cruden B.V. (Netherlands), Cassidian (Germany), ECA Group (France), Tecknotrove Simulator System Pvt. Ltd (India), and Adacel Technologies (Australia). The key strategies adopted by these companies to sustain their market position are new product developments, partnerships, expanisons, collaborations, acquisitions, and contracts & agreements.
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