Publishing: October 2021 | Report Code: AT12197 | Available Format: PDF
The global driving simulator market generated ~$2 billion revenue in 2020. The major factors responsible for the growth of the market include the escalating number of vehicles, increasing demand for skilled drivers due to the high road accident rate, and surging number of research and development (R&D) initiatives related to advanced driver-assistance systems (ADAS) across the globe.
During the COVID-19 pandemic, lockdowns and partial factory closures negatively impacted manufacturing facilities, which were closed to ensure employees’ safety. Thus, with the sudden imposition of lockdowns, the market witnessed a corresponding reduction in the revenue for product and technology providers and raw material suppliers owing to delays in manufacturing and delivery. Nonetheless, since the last quarter of 2020, the market has started recovering and initiated a growth trend.
The compact simulator category held the largest share in the driving simulator market in 2020, based on simulator type. Furthermore, the category is expected to retain its dominant position in the upcoming years. This can be ascribed to the usage of compact driving simulators for training people on a variety of automobiles, such as cars, vans, buses, and off-highway vehicles.
The passenger vehicle category held the larger share in 2020 in the market for driving simulator, on the basis of vehicle type. This can be mainly attributed to the rising production of and research activities related to driverless cars in various countries. During the development of autonomous vehicles, simulators enable automakers to virtually test millions of driving situations, in order to validate various features of the vehicles.
Geographically, North America was the largest contributor to the driving simulator market in 2020. This is mainly attributed to the increasing number of vehicles on the roads, together with the strict government legislations for traffic control and road safety. Such systems have significant benefits in terms of teaching and evaluating driving skills, which is why their usage is rising in the region. In addition, market players all over the world are making advancements in the driving simulator technology in order to prevent potential failures that might result in driver injury.
Automotive manufacturers are investing significantly in the development of components, such as processors and sensors, that are used in autonomous vehicles. Therefore, automotive original equipment manufacturers (OEMs) have been using driving simulators to test the capabilities and performance of these components and features. These systems deliver exceptional testing competence in realistic surroundings; thus, the continuous developments in autonomous vehicles are a major trend being witnessed in the market.
With the vast shortage of skilled drivers and more than 90% of all accidents being caused by human mistakes, a driving simulator serves as a much-needed tool in the transportation and automotive sectors. Moreover, with the rising need for logistics services for e-commerce activities, including food delivery, and growing sharing fleet, there is a high need for trained and skilled drivers. The driving simulator provides training to drivers to avoid collisions from all directions with the aid of a virtual environment, thus helping them in managing the situation in a controlled manner. Thus, the driving simulator improves safety to a great extent, which is why the market is growing.
|Base Year (2020) Market Size||~$2 Billion|
|Report Coverage||Market Trends, Drivers, and Restraints, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Impact of COVID-19, Companies’ Strategic Developments, Business Model, Company Profiling,|
|Market Size by Segments||By Vehicle Type, By Simulator Type, By Application, By Region|
|Market Size of Geographies||U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa|
|Secondary Sources and References (Partial List)||Association for the Advancement of Artificial Intelligence (AAAI), Automotive Parts Manufacturer's Association (APMA), European Automobile Manufacturers Association (ACEA), Federal Motor Carrier Safety Administration (FMCSA), Center for Automotive Research, China Association of Automobile Manufacturers (CAAM), Intelligent Transportation Systems Joint Program Office (ITS JPO)|
The global market for driving simulator is moderately consolidated in nature. Some of the major players in the market are Cruden B.V., Ansible Motion Ltd., AutoSim AS, CAE Inc., Dallara Group Srl, Mechanical Simulation Corp., Moog Inc., MTS System Corp., NVIDIA Corp., and OKTAL SYDAC.
In recent years, players in the driving simulator market have been involved in product launches in order to attain a significant position. For instance:
The driving simulator market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Vehicle Type
Based on Simulator Type
Based on Application
Market Segment Analysis of Countries
The global driving simulator market value stood at ~$2 billion in 2020.
The driving simulator industry surged in North America in 2020 due to the huge number of automobiles on the roads of North American countries.
The driving simulator industry is expanding due to the burgeoning demand for skilled commercial vehicle drivers.
Asia-Pacific will demonstrate the fastest growth in the market for driving simulators during 2021–2030.
The development of autonomous vehicles is the major trend currently being observed in the market for driving simulators.
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