Vancouver, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE) — The global driving simulator market is expected to reach a market size of USD 5.96 Billion by 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Growth of the global driving simulator market is driven by rapid technological advancements, rising adoption of simulation technology in automotive and aviation industries, rising need for driver training, and increasing investment in research and development initiatives. Simulated driving offers a realistic driving experience within a virtual reality. This technology is used in driver training and vehicle research and testing activities. Passing driving tests and clocking in a specific number of hours of simulated driving and practice is mandatory in some countries before an individual can secure a driver’s license. This is a major factor expected to continue to drive market growth going ahead. In addition, the trend of training and practice on simulators for a range of other vehicles and related operations is expected to continue going ahead.
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The earliest simulation systems were quite basic, and were developed and used as part of air force pilot training. The risks and costs associated with training novice pilots in actual aircraft were too great at the time. Success of this approach paved the way for rapid development of vehicles simulators, and this has further resulted in car driving simulators becoming most popular. Simulators are also available in fields such as training, research, and entertainment.
Driving simulators have advanced further into other fields and sectors. Ambulance simulators are used to train and assess ambulance drivers in basic and advanced vehicle control skills. The system rates how the driver responds during emergencies, and the driver’s interaction with other emergency responders in high-pressure situations. More advanced simulator systems offer the option of interchangeable vehicle cabins or cockpits and related programs configured to provide the experience of driving/operating a car, aircraft, ambulance, bus, tractor, trailer truck, dump truck, as well as construction vehicle, emergency response and police pursuit vehicles, subway trains, and heavy equipment such as crane and earthmover etc. Some systems have multi-station driving simulators that enable one instructor to train several drivers at the same time, which saves time and reduces costs.
Technological advancements have been resulting in development of systems that are as close to reality as possible. Features such as graphics, vehicle interior and static universe, which include buildings, trees, roads, and dynamic objects or moving objects in virtual scenes like people, cars, and crowds have vastly improved. Driving simulator systems are able to store data and also provide assessment on driving performance. However, high cost of more advanced driving simulators is a key factor expected to restrain demand, especially in some developing economies, to a certain extent over the forecast period.
Some Key Findings in the Report:
- In August 2019, Applus+ IDIADA expanded its virtual development capabilities with the acquisition of two driving simulators from VI-grade. These include the DiM250 and a compact simulator, which enables IDIADA to offer virtual testing, and reduces development time in areas such as chassis development, vehicle dynamics, and CAV development.
- Research and testing segment is expected to register a CAGR of 3.5% in terms of revenue throughout forecast period. This can be attributed to increasing demand for driving simulators for research and development of autonomous vehicles.
- North America accounted for 25.0% revenue share in the global driving simulation market in 2020. Rapid technological advancements, robust funding from private investors, and growing adoption of driving simulators are some key factors fueling growth of the market in the region.
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For the purpose of this report, Emergen Research has segmented the global driving simulator market based on application, transport type, simulator type, end-use, and region:
- Application Outlook (Revenue: USD Billion; 2021–2028)
- Research and Testing
- Transport Type Outlook (Revenue: USD Billion; 2021–2028)
- Truck and Bus
- Simulator Type Outlook (Revenue: USD Billion; 2021–2028)
- Training Simulator
- Compact Simulator
- Full-Scale Simulator
- Advanced Driving Simulator
- Training Simulator
- End-Use Outlook (Revenue: USD Billion; 2021–2028)
(a) Customed build Simulator
(b) Racing Simulator
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- Regional Outlook (Revenue: USD Billion; 2021–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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