The global simulation games market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- November 20, 2022
- TELECOM & IT
- Simulation Games Market, Simulation Games Market Growth, Simulation Games Market Share, Simulation Games Market Size, Simulation Games Market Trends
- 0 Comments
The Simulation Games Market is expected to register a CAGR of around 15% over the period of 2021-2027. Owing to the Initiatives being pursued by the market players to implement virtual reality to ensure real-life gaming experiences for gamers. The growing adoption of gaming simulators for training and analysis in various industries and industry verticals is also expected to contribute to market growth. The use of gaming simulators as potential stress busters also bodes well for growth. Also, gamers increasingly prefer immersive and realistic games, gaming simulators hold the potential to cater to these changing preferences of gamers. At the same time, new platforms are also being launched to introduce new and innovative games. This is prompting the market players to develop advanced gaming simulators.
Based on component, the market is segmented into hardware and software. During the forecast period, the hardware dominated the market owing to the growing popularity of virtual reality headsets that help improve the gaming experience and that will allow players on the market to develop advanced gaming simulator hardware.
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Based on game type, the market is segmented into shooting, fighting, racing, and others. The racing game segment is expected to dominate the market and is expected to maintain its domination during the forecast period owing to the adoption of virtual training solutions for racing drivers to improve their driving skills. Furthermore, advances in visualization with multi-screen displays and VR-enabled displays will also play a key role in driving the demand for racing simulators.
Based on end-use, the market is segmented into residential and commercial. The residential segment dominated the simulation games market in 2020. Moreover, increasing demand for advanced gaming simulators for a better gaming experience is expected to drive the growth of the residential segment over the forecast period. Furthermore, improving the gaming experience by introducing features such as gesture-based games and high-quality graphics is also expected to contribute to the growth of the residential sector.
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For a better understanding of the market adoption of the simulation games, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The North American market is expected to dominate the simulation games market as the region is home to some of the major market players. The introduction of racing platforms at various theaters in North America to support motorsports and e-sports is also anticipated to drive the demand for gaming simulators in the region. The growing popularity of online games and the availability of custom-made gaming simulators are further expected to propel the growth of the regional market.
3D Perception, CKAS Mechatronics Pty Ltd., CXC Simulations, D-Box Technologies Inc., Schlemmer & Company, Inc., Play Seat B.V., Rseat Ltd., Sony Interactive Entertainment Inc, Vesaro, etc., are some of the prominent players in the global simulation games market.
Simulation games Market Segmentation
Market Insight, By Component
Market Insight, By Game Type
Market Insight, By End-Use
Market Insight, by region
- North America
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- 3D Perception
- CKAS Mechatronics
- CXC Simulations
- D-Box Technologies Inc.
- Schlemmer & Company Inc.
- Sony Interactive Entertainment Inc.
- RSEAT Ltd.
- Siemens PLM