Driving Stimulator Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Application (Training and Research & Testing); Vehicle Type (Car Simulator and Bus & Truck Simulator); Simulator Type (Training Simulator and Advanced Driving Simulator); Region/Country.
Global Driving Simulator Market is expected to grow at a significant rate of around 5% during the forecast period. By giving drivers the right training, a driving simulator helps to reduce the dangers of driving. As a result, the driving simulator market is expected to see a rise in demand as more and more attention is paid to passenger and driver safety. In addition, it is anticipated that the driving simulator market will experience a significant demand as more people use them for research and development and to improve safe driving. For instance, In December 2021, The Sapphire vehicle dynamics simulator at a BMW facility in Munich was introduced as one of 14 different simulators in the company’s new Driving Simulation Centre, a USD 105-million, 123,000-square-foot space that is the global most advanced simulation facility.
Bosch Rexroth AG, Mechanical Simulation Corporation, Cruden B.V, Ansible Motion Limited, ECA GROUP, Robert Bosch GmbH, Autosim AS, Moog Inc, Tecknotrove, Oktal Sydac are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, research & testing category to witness robust CAGR during the forecast period”
Based on type, the market is segmented into training and research & testing. Research & testing category to witness higher CAGR during the forecast period. The training segment is mainly used for the basic driving learning lessons, which is driving the segmental growth. With the growing demand for skilled drivers automobile manufacturers are highly investing in the research and testing segment. In order to test the vehicles for better reliability, control, and performance research and testing have grown significantly.
“Amongst vehicle type, the car simulator to hold a significant share in the market in 2020”
Based on drive type, the market is categorized into car simulator, truck & bus simulator. Among these, the car simulator holds a significant share of the market during the forecast period due to the advanced technology of the driving simulator as it provides the original view of the road. However, it helps to get the idea of the road and helps to increase the skills and reduce accidents.
“Amongst simulator type, the advanced driving simulator to hold a significant share in the market in 2020”
Based on the simulator type, the market is categorized into training simulators and advanced driving simulators. Among these, the advanced driving stimulator holds a significant share of the market during the forecast period. This is primarily due to the high resolution of the infrastructure for better adaptability and to get good control over vehicles. The prime factors like the shortage of skilled drivers, increasing attention on passenger & driver safety, and the advanced driving simulator drives the growth of the market.
“North America to hold a significant share in the market”
North America is anticipated to hold a dominant share of the market during the forecast period. This is primarily due to the strict government regulations for traffic control and road safety and the growing number of vehicles on the road. Since these kinds of systems make it easier to teach and evaluate driving skills, their use is rising in the region. In addition, market players around the world are working to improve the technology of driving simulators to avoid malfunctions that could injure drivers.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
The global Driving Simulator market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
You can also purchase parts of this report. Do you want to check out a section wise
|2.1.||Research Process of the Driving Simulator Market|
|2.2.||Research Methodology of the Driving Simulator Market|
|5||IMPACT OF COVID-19 ON THE DRIVING SIMULATOR MARKET|
|6||DRIVING SIMULATOR MARKET REVENUE, 2020-2028F|
|7.2.||Research & Testing|
|8.2.||Truck & Bus Simulator|
|9.2.||Advanced Driving Simulator|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||DRIVING SIMULATOR MARKET OPPORTUNITIES|
|13||DRIVING SIMULATOR MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Fiver Forces Analysis|
|17.1.||Bosch Rexroth AG|
|17.2.||Mechanical Simulation Corporation|
|17.6.||Robert Bosch GmbH|
|17.9.||Tecknotrove Simulator System|
Research Methodology for the Driving Simulator Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Driving Simulator market were the three major steps undertaken to create and analyze the adoption of Driving Simulators in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Driving Simulator market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Driving Simulator market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Driving Simulator market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application, vehicle type, and simulator type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Driving Simulator market. Further, we conducted factor analysis using dependent and independent variables such as application, vehicle type, and simulator type of Driving Simulators. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Driving Simulator market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Driving Simulator market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Driving Simulator market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Driving Simulator market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Driving Simulator market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application, vehicle type, and simulator type in the global driving simulator market.
The main objective of the Global Driving Simulator Market Study
The current & future market trends of the global Driving Simulator market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the driving simulator market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application, vehicle type, and simulator type.
- Define and analysis of the regulatory framework for the driving simulator
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the driving simulator market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Driving Simulator market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry