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Automotive Driving Simulator Market Overview, Growth, Types, Applications, Drivers, Risks, Companies, Regions, and Forecast 2018-2025
Press release from: Coherent Market Insights
Automotive driving simulators belong to the class of human machine interface (HMI) that are prominently used to mimic the near-exact conditions prevalent during driving. These find substantial applications in education & training institutions for vehicle user training programs, and R&D activities for pre-testing of new vehicles, advanced driving assistance systems, and other technologies.
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Driving simulator helps automotive manufacturers to test the performance of autonomous vehicles considering factors such as city traffic during rush hour. It is capable of simulating autonomous vehicles depicting their own motion characteristics as well as their interaction with other connected or non-connected vehicles. Furthermore, increasing investment by automotive manufacturers in developing advanced high fidelity simulator, which provides good quality control loaders, image generation, and extensive motion capability is another factor fueling growth of the market. For instance, in April 2018, according to rFpro, it launched the world’s first commercially available platform to develop autonomous vehicles in simulation. Using a digital environment to accurately represent the real world, the technology enables vehicle manufacturers to test their systems in every scenario imaginable. The system includes a library of real roads created through highly-precise scanning technology, which forms the basis of the simulation.
Research segment held dominant position in the automotive driving simulator market in 2017
On the basis of application, the global automotive driving simulator market is segmented into entertainment, research, and training. The research segment held dominant position in the automotive driving simulator market in 2017 and is expected to retain its dominance over the forecast period. The research segment generated a revenue of US$ 81.6 Million in 2017 and is expected to reach US$ 101.5 million by 2025, with a CAGR of 2.8% over the forecast period. Rising adoption of driving simulators for research activities have accelerated growth of the segment in the market. Driving simulators have broad range of applications such as in studies concerning driver behavior, human machine interface, road and landscape design, and tunnel design.
North America held dominant position in the automotive driving simulator market in 2017
On the basis of region, the global automotive driving simulator market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America held the dominant position in the automotive driving simulator market in 2017 and is projected to retain its dominance over the forecast period. In 2017, North America generated a revenue of US$ 56.6 million and is expected to reach US$ 70.2 million in 2025, with a CAGR of 2.7% over the forecast period. U.S. and Canada are major economies driving growth of the automotive driving simulator market in this region. The government support to encourage utilization of driving simulators to avoid accidents and improve infrastructure to support these advanced technologies is expected to fuel growth of the market. For instance, in 2017, the National Advanced Driving Simulator (NADS) at the University of Iowa, conducted a study of automated driving as a part of SAFER-SIM University Transportation Center research project. The Center is known for promoting interdisciplinary research using simulation techniques to handle safety issues prioritized by the United States Department of Transportation.
Global Automotive Driving Simulator Market – Key Players
The major players operating in the global automotive driving simulator market include AutoSim AS, Teknotrove Simulator System Pvt. Ltd, OKTAL, Cruden B.V., Mechanical Simulation Corporation, Dallara, Moog, Inc., IPG Automotive, ECA- Group, and Ansible Motion.
• Global Automotive Driving Simulator Market, By Product Type:
◦ Car Simulator
◦ Truck Simulator
• Global Automotive Driving Simulator Market, By Application:
• Global Automotive Driving Simulator Market, By Region:
◦ North America
◦ Asia Pacific
◦ Rest of World
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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