The global driving simulator market is expected to reach a market size of USD 5.96 Billion by 2028 at a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Rising demand for driver simulators to enable novice driver to train and practice, and for driving tests to secure a driver’s license are some key factors driving demand for car driving simulators. Growing adoption of simulators for vehicle testing, increasing investment by government and private investors, and rapid technological advancements in driver simulator technologies and related software and hardware are other key factors supporting revenue growth of the global driving simulator market.
The report provides Driving Simulator market forecast, supported by detailed insights historical data and revenues, past and current market trends, industry trends, consumer trends, market size, market share, market growth, along with ranging impacts of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Global Driving Simulator market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Driving Simulator Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.
Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Driving Simulator market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Driving Simulator market revenue growth to a significant extent over the forecast period.
Some Key Findings in the Report:
- In February 2019, Adacel Systems Inc. became a part of Lockheed Martin’s team through a subcontract to support Training Aids, Devices, Simulators, and Simulations (TADSS), Maintenance Program (ATMP).
- Aircraft segment accounted for a relatively large revenue share in the global market in 2020. Rising adoption of simulation technology in the aviation sector is a major factor driving revenue growth of this segment.
- The market in Europe accounted for a major share in the global market in 2020. Key factors such as technological advancements, rising adoption of simulation technology in automotive sectors, and robust presence of key market players are driving revenue growth of the market in this region.
Top key vendors in Driving Simulator Market include are:
Cruden B.V., Cassidian, ECA Group, Tecknotrove Simulator System Pvt. Ltd., Adacel Technologies, L3 Technologies Inc., Bosch Rexroth AG, Anthony Best Dynamics Ltd., Mechanical Simulation Corporation, and Virage Simulation Inc.
For the purpose of this report, Emergen Research has segmented the global driving simulator market based on application, transport type, simulator type, end-use, and region:
- Application Outlook (Revenue: USD Billion; 2021–2028)
- Research and Testing
- Transport Type Outlook (Revenue: USD Billion; 2021–2028)
- Truck and Bus
- Simulator Type Outlook (Revenue: USD Billion; 2021–2028)
- Training Simulator
- Compact Simulator
- Full-Scale Simulator
- Advanced Driving Simulator
- Training Simulator
- End-Use Outlook (Revenue: USD Billion; 2021–2028)
- Customed build Simulator
- Racing Simulator
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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Driving Simulator Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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Table of Content
Chapter 1. Methodology Sources
1.1. Driving Simulator Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Driving Simulator Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Driving Simulator Market Segmentation Impact Analysis
4.1. Driving Simulator Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Driving Simulator Market indicators analysis
4.2.2. Driving Simulator Market drivers analysis
188.8.131.52. Rapid urbanization and industrialization
184.108.40.206. Stringent government regulations regarding carbon emissions
220.127.116.11. Increasing prevalence of respiratory diseases
18.104.22.168. Rising need to enhance indoor air quality
4.2.3. Driving Simulator Market restraints analysis
22.214.171.124. High cost associated with the maintenance of Driving Simulator products
126.96.36.199. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Driving Simulator Market Revenue Share By Manufacturers
10.2. Mergers Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East Africa
10.5.2.5. Latin America
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