The global driving training simulator market was valued US$ 1,950.00 million in 2021; It is estimated to grow at a CAGR of 4.6% from 2022 to 2028
There is a rise in demand for professional drivers due to increased traffic accidents, air traffic, upcoming high-speed train projects, and considerable R&D investments in autonomous cars. This, in turn, fuels the market's growth in developed and developing nations. Expansion of airports and air traffic projects around the globe, simulators for police and emergency vehicles, and the rapid development of autonomous and semiautonomous cars are anticipated to boost the market's growth during the forecast period. However, challenges in real-time control, the lack of norms and standards, and the integration's complexity could hinder the development of the driving training simulator market
For various stages of vehicle testing, driving training simulators are becoming increasingly popular in the automotive and related industries. Engineers and researchers are currently utilizing this technology to get a realistic impression of a vehicle's overall performance in a virtual environment, assisting in bettering vehicle design and system performance. Flight simulators are also utilized in the military and aviation industries to train pilots to operate both civilian and armed forces aircraft.
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Driving Training Simulator Market: Strategic Insights
Market Size Value in US$ 1,950.00 Million in 2021 Market Size Value by US$ 2,646.73 Million by 2028 Growth rate CAGR of 4.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Driving Training Simulator Market: Strategic Insights
| Market Size Value in | US$ 1,950.00 Million in 2021 |
| Market Size Value by | US$ 2,646.73 Million by 2028 |
| Growth rate | CAGR of 4.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Autonomous vehicles must undergo extensive research and testing in various environments to be used on the road. It is difficult to experience the uncommon and hazardous events required for thorough autonomous vehicle validation. These issues are addressed by NVIDIA DRIVe Sim, a physically accurate simulation platform that can produce synthetic data close to real-world situations. With DRIVE Sim, autonomous vehicle (AV) engineers can increase output, efficiency, and test coverage while reducing real-world driving and speeding up time to market. Using high-fidelity and physically accurate simulation, the driving simulator develops a cost-efficient, scalable method of introducing self-driving cars to the road. It uses foundational technologies, such as artificial intelligence (AI), to provide a robust, cloud-based computing platform that can produce a variety of real-world situations for the creation and validation of AV. A driving simulator builds digital twins of actual settings using precision map data and can create datasets to test or train a vehicle's decision-making or perception systems. It can also be connected to the AV stack in software-in-the-loop (SIL) or hardware-in-the-loop (HIL) configurations to verify the entire integrated systems.
The global driving training simulator market is segmented based on simulator type, vehicle type, end user, and geography. Based on simulator type, the global driving training simulator market is segmented into compact simulator and full-scale simulator. In terms of vehicle type, the market is segmented into car simulator, truck and bus driving simulator, and others. Based on end user, the market is categorized into driving training center, automotive OEMs, and others. By geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominated the overall market in 2021, and Europe accounted for the second-largest share of the market in 2021.
Impact of COVID-19 Pandemic on Driving Training Simulator Market
The COVID-19 pandemic significantly affected North America's automotive OEMs, suppliers, and supply chains. Consumers' reduced willingness to make significant purchases due to uncertain economic crises led to decreased demand for new cars. This simultaneously affected driving training centers in the US and Canada, reducing consumer demand. As a result, the market for driving training simulators for passenger vehicles declined. However, there has been a brief rise in driving simulator demand from 2021. Drivers, who participate in sports events, require simulation training and practice to get a virtual experience of the environment. Further, the rising demand for virtual simulation and safety has enabled automakers to incorporate advanced features such as compact simulators and advanced driver assistance systems (ADAS).
The financial strength of automotive OEMs and suppliers was marginal even before the COVID-19 pandemic. Due to the outbreak, major automotive suppliers witnessed a year-on-year decrease in operating profit. Thus, the North America automotive market declined, resulting in a drop in research & development investments, particularly in the driving simulation industry. In addition, the manufacturing plants of Ford and General Motors slowed their operations due to the safety & lockdown protocols. However, there was a recovery in demand in 2021, due to the ease of lockdowns and financial packages introduced by governments in North America to push economies.
Lucrative Regions for Driving Training Simulator Market
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Market Insights – Driving Training Simulator Market
Increasing Need for Skilled Driver and Driving Safety Precautions
Driving response to the rise in accidents brought on by human error, the demand for experienced drivers, who can operate vehicles under various circumstances, is increasing significantly. Since a driving training simulator teaches the driver how to avoid collisions from all angles with the aid of a virtual environment, its demand has also augmented, leading to high market growth. The market is gaining from technological advancements and investments as well.
Around the world, driving safety precautions are becoming more and more critical. Driving simulators are widely used in instructions, testing, and research about safe and responsible driving. Virtual driving simulators can be a safe alternative to on-road testing to conduct research, testing, and training. Researchers have investigated various aspects of research and testing applications, including simulator sickness, weariness, and learned behavior, to improve simulated driving situations for simulator effectiveness.
Collaboration with numerous institutions and technical labs has been an effective strategy for research applications. For instance, train simulators are perfect for teaching new drivers the fundamentals of driving. These portable simulators can successfully deliver instruction through response assessments, perception tests, and vision exams. Trainees learn how to operate trams through virtual reality (VR) and learning experiences provided by tram training simulators. Parameters, such as speed, brakes, and vibrations, are given close attention because supervisors can use these numbers to gauge how well a prospective driver is doing. Thus, the increasing need for skilled drivers and driving safety precautions is aiding the driving training simulator market
Simulator Type-Based Insights
Based on simulator type, the driving training simulator market is segmented into compact simulator and full-scale simulator.
Vehicle Type-Based Insights
Based on vehicle type, the driving training simulator market is segmented into car simulator, truck and bus simulator, and others. Automotive manufacturers, such as BMW, Tesla, Honda, and Toyota, are making significant investments in research & development to deploy autonomous cars to the marketplace and improve the designs or models of the prevailing automobiles.
End User-Based Insights
Based on end user, the global driving training simulator market is segmented into driving training center, automotive OEM, and others. Automotive manufacturers are investing in the development of components, including sensors and processors, that can be utilized in autonomous vehicles.
Players operating in the driving training simulator market are mainly focused on the development of advanced and efficient products.
- In January 2021, Adacel Technologies Limited announced a new five-year contract with Airservices Australia for control tower simulator (CTS) support services. The contract value is estimated at US$ 1 million.
- In February 2021, IPG Automotive GmbH opened a new office in Stuttgart, Germany to offer the customers and partners even broader and more direct support for their projects.
List of Companies:
- Autosim AS
- Bosch Rexroth AG
- Cruden B. V.
- Dallara
- ECA GROUP
- IPG Automotive GmbH
- Moog Inc.
- NVIDIA Corporation
- Tecknotrove
- VI-grade GmbH
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Simulator Type, Vehicle Type, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The incremental growth of the driving training simulator market during the forecast period is US$ 623.6 million with a CAGR of 4.6%
The compact simulator segment led the driving training simulator in 2021.
The global driving training simulator market size is projected to reach US$ 2643.7 Mn by 2028.
US, UK, India, South Africa, and Brazil are the countries are registering a high growth rate during the forecast period.
APAC is the fastest-growing regional market in the global Driving training simulator market in 2021.
The key players holding the major market share of driving training simulator are Autosim AS; Bosch Rexroth AG; Cruden B.V.; DALLARA; ECA Group; IPG Automotive GmbH; Moog, Inc.; Nvidia Corporation; Tecknotrove; and Vi-Grade GmbH.
One of the prominent future trends impacting the driving training simulator market include integration of Virtual Reality in Driving Training Simulators
The global driving training simulator market was valued at US$ 1950.00 Mn in 2021
The driving factors impacting the Driving training simulator market are:
1. Increasing Need for Skilled Driver and Driving Safety Precautions
2. Simulation for Training Autonomous Vehicle Driving Systems Algorithm
The List of Companies - Driving Training Simulator Market
- Autosim AS
- Bosch Rexroth AG
- Cruden B. V.
- Dallara
- ECA GROUP
- IPG Automotive GmbH
- Moog Inc.
- NVIDIA Corporation
- Tecknotrove
- VI-grade GmbH
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
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We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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