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Global Driving Simulator Market Insights and Growth Opportunities 2021-2027: Trends, Analytics, and Strategic Recommendations - ResearchAndMarkets.com

·3-min read

DUBLIN, December 09, 2021--(BUSINESS WIRE)--The "Global Driving Simulator Market (2021-2027) by vehicle type, simulator type, training driving simulator, application, end user, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Driving Simulator Market is estimated to be USD 1.62 billion in 2021 and is expected to reach USD 2.61 billion by 2027, growing at a CAGR of 8.3%.

Key factors such a high need for driver skill assessment due to the lack of skilled drivers, and the growing technologies giving further impetus for research and testing is driving the growth of the driving simulator market. Additionally, as the simulators help the individuals to analyse the peculiar risks involved to make a judgement call without harming themselves physically has been one of the key factors fuelling the growth of the market.

However, the real time complexities involved in driving cannot be weighed completely by a simulator. Moreover the simulator discomfort and low levels of standardization is further likely to restrain the growth of the market.

Market Segmentation

The Global Driving Simulator Market is segmented based on vehicle type, simulator type, training driving simulator, application, end user, and Geography.

  • By Vehicle Type, the market is classified as Car Simulator and Truck & Bus Simulator. Amongst the two, the Car Simulator segment is estimated to hold the highest market share.

  • By Simulator Type, the market is classified as Advanced Driving Simulator and Training Driving Simulator. Amongst the two, the Advanced Driving Simulator segment is estimated to hold the highest market share during the forecast period.

  • By Training Driving Simulator, the market is classified as Compact Simulator and Full-Scale Simulator. Amongst the two, the Compact Simulator segment is estimated to hold the highest market share.

  • By Application, the market is classified as Research & Testing and Training. Amongst all, the research and testing segment is estimated to hold the highest market share.

  • By End User, the market is classified as Automotive, Marine and Aviation. Amongst all, the automotive segment is estimated to hold the highest market share.

  • By Geography, Europe is projected to lead the market.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Companies Profiled

  • Cruden B.V.

  • Mechanical Simulation Corporation

  • Moog Inc

  • ECA GROUP

  • Bosch Rexroth AG

  • Tecknotrove Simulator Systems

  • NVIDIA Corporation

  • CKAS Mechatronics Pty. Ltd.

  • IPG Automotive GmbH

  • DALLARA

  • Ansible Motion Limited

  • Virage Simul

Report Highlights

  • A complete analysis of the market, including parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current, and projected size of the market based on value and volume

  • Market shares and strategies of key players

  • Recommendations to companies for strengthening their foothold in the market

For more information about this report visit https://www.researchandmarkets.com/r/bhdikp

View source version on businesswire.com: https://www.businesswire.com/news/home/20211209005492/en/

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