Global Driving Simulator Market Report and Forecast 2024-2032

Global Driving Simulator Market Outlook

The global driving simulator market attained a value of nearly USD 2.14 billion in 2023. The market is further expected to grow at a CAGR of 8% in the forecast period of 2024-2032 to attain a value of about USD 4.29 billion by 2032.

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Increasing Need for Skilled Drivers to Propel the Market Growth of Driving Simulator

The  market for driver simulator is being aided by the rising demand for skilled drivers due to the increased incidences of accidents caused by human errors. Thus, the urgent need for drivers that can handle a variety of conditions while maintaining control of the vehicle has been propelling the market growth. With the help of a virtual environment, the driving simulator teaches the driver how to avoid collisions from all angles, which has enabled to healthy adoption. Further, the driving simulator industry is expected to benefit from the investments and developments of technologies, which is projected to aid the market growth in the coming years.

The Asia Pacific to Provide Significant Growth Opportunities to the Driving Simulator Industry

With the significant presence of developing economies, improving lifestyles of the consumers, a growing number of metro cities, and a robustly growing population, the passenger automobile manufacturing and sales in the Asia Pacific have witnessed a healthy growth. This has contributed to the growing demand for driving simulator. Further, China, South Korea, India, and Japan are projected to implement strict vehicle and road safety laws, which is expected to propel the market growth in the region in the coming years.

Driving Simulator: Market Segmentation

Driving simulator is a technology that was developed to train drivers in a virtual environment. It is used for both entertainment and education. It also helps to improve driving conditions and skills by providing sufficient instructions to the driver. The simulator's sensors also keep track of the driver's reaction time, efficiency in dealing with circumstances, and attention. The sensors also give data that is used to better assess and develop the driver assistance system.

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Based on vehicle type, the market is bifurcated into:

• Passenger Car
• Commercial Vehicle

By simulator type, the industry is segmented into:

• Compact Simulator
• Full-Scale Simulator
• Advanced Simulator

On the basis of application, the market is categorised into:

• Training
• Motor Sports and Gaming
• Research and Testing

By end use, the industry is segmented into:

• Automotive 
• Marine
• Aviation

The EMR report looks into the regional markets of driving simulator like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Focus on Skilled Drivers and Safety for Emergency Services to Bolster the Growth of the Driving Simulator Industry

Driving simulators are tailored with modern technology, such as 3D visualisation and 360-degree perspective, for categories demanding unique requirements in terms of driving instruction simulation. Police, military troops, firemen, and ambulance drivers all benefit from professional simulators for defence, police, and ambulance training. These simulations allow drivers and riders to improve their emergency response skills. Thus, the growing popularity and adoption of these simulators for professional training are expected to catalyse the growth of the market in the coming years.

Key Industry Players in the Global Driving Simulator Market

The report gives a detailed analysis of the following key players in the global driving simulator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Thales Group
• Moog Inc.
• AVSimulation
• Ansible Motion Limited
• L3Harris Technologies, Inc.
• CAE Inc.
• Boeing
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report