Driving Simulator Market Research Report: By Vehicle Type (Passenger Vehicle, Commercial Vehicle), Simulator Type (Compact Simulator, Full-Scale Simulator, Advanced Simulator), Application (Research and Testing, Training) – Global Industry Analysis and Growth Forecast to 2030

Market Overview

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.

Compact Simulator Category Held Largest Share due to Multiple Automotive Applications

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.

Due to Rising Production and Research Activities, Passenger Vehicle Category Held Larger Share

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.

Increasing Number of Vehicles Led To Dominance of North America on Market

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.

Advent of Autonomous Vehicles Is Key Trend in Market

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.

Rising Need for Skilled Commercial Vehicle Drivers for Logistics Services Is Expected To Support Market Growth

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.

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Market Players Involved in Product launches to Gain Significant Position

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:

• In July 2020, Anthony Best Dynamics Limited launched a static driving simulator, which delivers high levels of driver immersion, at a time when driver-in-the-loop (DIL) simulation is becoming increasingly important for the delivery of new vehicle models in ever-tighter timescales.
• In April 2020, Corys TESS launched a cloud-based simulator that offers remote access to train employees and hone their skills. The company developed its new web portal to give access to operator training simulators in remote places via a cloud-based simulation environment.

Some Key Players In Driving Simulator Market Are:

Market Size Breakdown by Segments

The driving simulator market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Based on Simulator Type

• Compact Simulator
• Full-Scale Simulator
• Advanced Simulator

Based on Application

• Research and Testing
• Training

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa

Market Segment Analysis of Countries

• Further breakdown of 16 listed countries will be provided as per below segmentation:
  • By vehicle type
  • By simulator type
  • By application