• Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
Search
Close
Search
Close
Home Press

Driving Simulator Market Projected to reach $2.1 billion by 2025

admin by admin
May 11, 2022
in Press
Share on FacebookShare on Twitter


 


Attractive Opportunities in Driving Simulator Market

(EMAILWIRE.COM, May 11, 2022 ) The global Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Factors such as substantial production vehicles, increasing demand for trained pilots, significant investments in autonomous vehicles, and growing norms for road safety to drive the driving simulator market during the forecast.

In the driving simulator market, by simulator type, the advanced driving simulator segment is expected to capture the largest market share during the forecast period. This can be attributed due to its technologies, such as 360º viewing angle and motion platform, for a realistic experience. Since testing of technologically updated vehicle dynamics requires an augmented environment for analysis and research, advanced driving simulators help in developing intelligent highway designs and human behavior studies.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171814690

Europe is expected to be the largest driving simulator market in the forecast

Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment have become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation.

Asia Pacific is expected to be the fastest-growing market during the forecast

The driving simulator market is expected to show fastest growth in the Asia Pacific due to an increase in training programs, passenger traffic, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traffic regulations will contribute to the demand for simulators.

The compact simulator segment is expected to be the largest training simulator type in the forecast

Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic).

Key Market Players:

Players in the market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=171814690



Source link

Previous Post

Another Feather in Ras Al Khaimah’s already Quite Full Cap.

Next Post

Russia scrambles to save aviation as sanctions begin to bite – POLITICO

RelatedPosts

Press

Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

 Recreation Club Market(EMAILWIRE.COM, January 28, 2023 ) The Maximize Market report states, the global Recreation Club Market is...

by admin
January 28, 2023
Press

CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

 CO2 Gas Sensor Market(EMAILWIRE.COM, January 28, 2023 ) As per the Maximize Market research, a global business and...

by admin
January 28, 2023
Press

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

 UV Tape Market(EMAILWIRE.COM, January 28, 2023 ) As per the Maximize Market research, a global business and consultancy...

by admin
January 28, 2023
Press

Bioink Market is expected to grow at a CAGR of 20.48 percent during the forecast period

 Bioink Market(EMAILWIRE.COM, January 27, 2023 ) As per the Maximize Market research, a global business and consultancy firm,...

by admin
January 27, 2023
Load More

Latest Post

Farm Foundation announces 2023 agricultural scholars

by admin
January 30, 2023

First-Ever Africa Vegan Restaurant Week Held on the Continent

by admin
January 30, 2023

Europe Military Helicopters Market – SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

by admin
January 30, 2023

FTSE 100 Live 30 January: Unilever appoints new CEO, Legal & General boss Sir Nigel Wilson to step down

by admin
January 30, 2023

Ikonisys and Integrated Gulf Biosystems Group enter into Distribution Collaboration for Distribution of the Ikoniscope20 System in the Middle East Market

by admin
January 30, 2023

EMEAWIRE™ provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (EMEA) Submit press release or contact us today.
Share us

Subscribe to Our Newsletter

  • Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Menu
  • Home
  • News
    • Agriculture
    • Aviation & transport
    • Arts & Entertainment
    • Business & Finance
    • Conferences & Seminars
    • Cryptocurrency
    • Economy
    • Education
    • Forex & Commodities
    • Manufacturing & Industry
    • Media
    • Oil & Energy
    • Pharma & Health
    • Politics
    • Real Estate & construction
    • Sports
    • Stock Markets
    • Telecom & Tech
    • Travel & Tourism
  • Europe
  • Middle East
  • Africa
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us

Browse by Category-

Home

Europe

Middle East

Africa

Global

News

-Agriculture

 – Arts & Entertainment

— Aviation & transport

— Business & Finance

— Conferences & Seminars
— Cryptocurrency
— Economy
— Education
— Forex & Commodities
— Manufacturing & Industry
— Media
— Oil & Energy
— Pharma & Health
— Politics
— Real Estate & construction
— Sports
— Stock Markets
— Telecom & Tech
— Travel & Tourism

About Us

-Pr Services
-Submit PR
-Contact Us

© 2023 Copyright EMEAWIRE™

Share us

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest