Global Driving Simulator Market was valued at USD 1.5 Billion in 2020 and by 2025 it is projected to grow USD 2.1 Billion at a growth rate CAGR of 7.2% during the forecast period 2020-2025

Published Date: May, 2021

From USD 1.5 billion in 2020 to USD 2.1 billion in 2025, the global driving simulator market is expected to expand at a CAGR of 7.2 percent. The demand for driving simulators is mainly driven by an increase in the demand for professional drivers as a result of the high rate of road accidents, increasing air traffic, upcoming high-speed rail projects, and substantial R&D investments in autonomous vehicles. The demand for driving simulators has grown in both developing and developed countries.

Today's industries, such as railways, aviation, automobile, marine, and security, are experiencing a driver shortage. Since human error causes more than 90% of all injuries, a driving simulator is a much-needed advancement. The driving simulator is a technology that uses a simulated world to teach the driver how to prevent collisions from all directions.

Today's industries, such as railways, aviation, automobile, marine, and security, are experiencing a driver shortage. Since human error causes more than 90% of all injuries, a driving simulator is a much-needed advancement. The driving simulator is a technology that uses a simulated world to teach the driver how to prevent collisions from all directions. A 360-degree view and a motion platform with up to 9 degrees of freedom allow the device to perform this purpose. This device aids the driver in maintaining control of the situation. As a result, a driving simulator is more effective and significantly improves safety.

The lack of qualified drivers, the professional training needed for new locomotive pilots, and the increased focus on driver and passenger safety are all expected to drive the growth of the driving simulator market in the forecast period. Furthermore, the rising accident rate and the increased emphasis on research and development are some of the factors expected to propel the driving simulator market forward. In addition, the rising number of air traffic and airport projects around the world, police and emergency vehicle simulators, and advances in autonomous and semi-autonomous vehicles will all contribute to the growth of the driving simulator market in the coming years.

Simulators for police and emergency vehicles prove to be an opportunity in this market. Driving simulators are customised with advanced technology such as 3D visualisation and 360-degree view for categories needing particular needs in terms of driving training simulation. Police, military forces, fire fighters, and ambulance drivers all benefit from professional simulators for security, police, and ambulance training. These simulators provide training for crew and vehicle safety, mission tension, speed, obstacles, traffic hazards, and road users, allowing drivers and riders to improve their emergency response proficiency. The popularity of these simulators is increasingly growing around the world.

The lack of requirements and benchmarks for developing and implementing a simulation-based virtual environment is a major challenge for the driving simulator industry. Driving simulators are designed to solve issues that have been found during implementation. Simulation allows users to design, create, and validate the basic R&D processes in the majority of cases. In addition, the criteria for verifying and validating established prototypes vary from one vendor to the next. Driving simulator vendors lack the assumptions, specifications, and metrics necessary to comprehend how simulation can be combined with an application to address device and process issues. The need to establish specifications for driving simulators is becoming more pressing.

COVID-19 has caused production to stop, profits to plummet, and key players in a variety of industries to buckle down and reconsider their strategies. The production and sales of trucks, trains, waggons, and other vehicles have been impacted by rescheduling model and project launches, stabilising dealer networks, closely controlling cash flow, and evaluating investment portfolios around the world, resulting in a drop in the driving simulator market for professional training in 2020 as opposed to 2019. Because of the pandemic, development and installation of various technical training simulators in industries such as automotive and transportation, logistics, and aerospace and defence are expected to slow. The pandemic has a negative effect on major countries with a significant market share, resulting in less driving simulators being built.

Some of the key players are:

•    Cruden B.V.
•    Cassidian
•    ECA Group
•    Tecknotrove Simulator System Pvt. Ltd
•    Adacel Technologies
•    Moog, Inc.
•    CAE, Inc.
•    Nvidia Corporation
•    MTS Systems Corporation
•    AutoSim AS
•    IPG Automotive GmbH
•    Virage Simulation, Inc.
•    Ansible Motion Ltd.
•    CXC Simulationss
•    AVSimulation
•    VI – grade Gmbh

Global Driving Simulator Market Coverage

Simulator Type Insight and Forecast 2015-2025

  • Compact Simulator
  • Full Scale Simulator
  • Advanced Driving Simulators

Application Type Insight and Forecast 2015-2025

  • Research & Testing
  • Training
  • Motorsports & Gaming

End-User Insight and Forecast 2015-2025

  • Advanced Driving Simulator
  • Training Driving Simulator
  • Professional Training Simulator

Geographical Segmentation

Global Driving Simulator Market by Region

North America

  • By Simulator Type
  • By Application 
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Simulator Type
  • By Application  
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Simulator Type
  • By Application
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Simulator Type
  • By Application
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Driving Simulator Market was valued at USD 1.5 Billion in 2020 and by 2025 it is projected to grow USD 2.1 Billion at a growth rate CAGR of 7.2% during the forecast period 2020-2025