Driving Simulator Market is Expected to Show a Significant Growth During the Forecast Period 2022 – 2027

Posted on 2022-01-31 by researchinsights in Industrial // 0 Comments

San Jose, California , USA, Jan 31, 2022 — /EPR Network/ —

The Driving Simulator Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market. Driving simulators helps in evaluating the performance of the vehicles in real-time under a controlled environment. Further, the advent of autonomous vehicles is supplementing the market growth.

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These simulators help in training the new recruits and enhancing the skills of experienced operators in industries such as automobile, marine and aviation. Driving simulators are capable of offering driving lessons from basics to advance. Under this, drivers get exposure to various challenges that they might face during real-time driving. Thus, these methods help in ensuring passenger safety.

In the aviation sector, the simulators are used to train pilots of commercial aircraft, military aircraft and helicopters. In addition, simulators are gaining traction in various other industries such as gaming and motorsports. In amusement parks, bikes and cars driving simulators are increasingly used. These simulators make users more engaging.

Europe accounted for the largest share in the driving simulator market seconded by North America. Matured automobile industry owing to the presence of several leading manufacturers is attributing to the growth of the region. On the other hand, APAC is likely to register the highest CAGR over the forecast years.

Further key findings from the report suggest:

In 2019, the full-scale simulators accounted for nearly 41% of share in the market owing to its cost-effective nature.
Based on the application, the research and testing category held the largest share in the market and projected to witness the fastest CAGR over the forecast duration.
Aviation category dominated the market among different end-users in 2019, primarily because of the rapid rise in air traffic.
Europe dominated the market in 2019 owing to increasing demand from the automobile industry.

Access Driving Simulator Market Report with TOC @ https://www.millioninsights.com/industry-reports/global-driving-simulator-market

Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027)

Compact
Full-scale
Advanced

Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)

Research & Testing
Training
Motor Sports & Gaming

Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)

Automotive
Marine
Aviation

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