The global driving simulator market is expected to reach a market size of USD 5.96 Billion by 2028 at a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Rising demand for driver simulators to enable novice driver to train and practice, and for driving tests to secure a driver's license are some key factors driving demand for car driving simulators. Growing adoption of simulators for vehicle testing, increasing investment by government and private investors, and rapid technological advancements in driver simulator technologies and related software and hardware are other key factors supporting revenue growth of the global driving simulator market.
The report provides detailed insights into Driving Simulator market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Driving Simulator market size over the forecast period, 2020–2028. The report includes profiles of major Driving Simulator players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials. Also included are details regarding top Driving Simulator market players, manufacturers, and vendors and the various strategies being deployed in the market and objectives for these strategies.
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Global Driving Simulator market revenue growth is primarily driven by rising focus by major companies on product portfolio expansion, entry into new and untapped domestic and international markets, rising investments my top Driving Simulator market players, manufacturers, and vendors in strategic agreements and contracts, and rapidly increasing competition in the Driving Simulator market.
In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Driving Simulator market share contribution of these countries. In addition, Driving Simulator market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Some Key Findings in the Report:
- In February 2019, Adacel Systems Inc. became a part of Lockheed Martin's team through a subcontract to support Training Aids, Devices, Simulators, and Simulations (TADSS), Maintenance Program (ATMP).
- Aircraft segment accounted for a relatively large revenue share in the global market in 2020. Rising adoption of simulation technology in the aviation sector is a major factor driving revenue growth of this segment.
- The market in Europe accounted for a major share in the global market in 2020. Key factors such as technological advancements, rising adoption of simulation technology in automotive sectors, and robust presence of key market players are driving revenue growth of the market in this region.
Top key vendors in Driving Simulator Market include are:
Cruden B.V., Cassidian, ECA Group, Tecknotrove Simulator System Pvt. Ltd., Adacel Technologies, L3 Technologies Inc., Bosch Rexroth AG, Anthony Best Dynamics Ltd., Mechanical Simulation Corporation, and Virage Simulation Inc.
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
- Customed build Simulator
- Racing Simulator
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In terms of Driving Simulator market share and revenue contribution to the global Driving Simulator market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Driving Simulator market share.
The market intelligence report on the Driving Simulator Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Region wise performance of the Driving Simulator industry
North America Driving Simulator market revenue growth was relatively higher than that of other regional markets in 2020. North America Driving Simulator market revenue is expected to continue to remain dominant over the forecast period, supported by robust presence of top market players, manufacturers, and vendors, and favorable government policies and norms in countries in the region.
Asia Pacific Driving Simulator market revenue registered fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Driving Simulator market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. China is a robust hub for top Driving Simulator market players, manufacturers, and vendors, as well as easy access to raw materials and workforce at more economical costs that that of other regional markets.
Europe Driving Simulator market revenue is expected to continue to remain steady over the forecast period, attributed to changing trends in various market and robust focus on research and development initiatives by top market players, manufacturers, and vendors to expand global footprint and drive revenues and profits.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/547
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Driving Simulator industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Driving Simulator market across different regions?
- Who are the major driving forces expected to decide the fate of the Driving Simulator industry worldwide?
- Who are the prominent market players making a mark in the Driving Simulator market with their winning strategies?
- Which Driving Simulator industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Driving Simulator market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Driving Simulator Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Driving Simulator Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Driving Simulator Market Segmentation & Impact Analysis
4.1. Driving Simulator Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Driving Simulator Market indicators analysis
4.2.2. Driving Simulator Market drivers analysis
188.8.131.52. Rapid urbanization and industrialization
184.108.40.206. Stringent government regulations regarding carbon emissions
220.127.116.11. Increasing prevalence of respiratory diseases
18.104.22.168. Rising need to enhance indoor air quality
4.2.3. Driving Simulator Market restraints analysis
22.214.171.124. High cost associated with the maintenance of Driving Simulator products
126.96.36.199. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Driving Simulator Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor's Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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