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Automotive Driving Simulator Market Top Keyplayers AutoSim AS, Teknotrove Simulator System Pvt. Ltd, OKTAL, Cruden B.V., Mechanical Simulation Corporation, Dallara, Moog
Automotive Driving Simulator
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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.
increasing adoption of driving simulators by vehicle manufacturers to design interior or to test advance driving assistance system is expected to aid in growth of the market. For instance, in May 2018, the VI-grade GmbH announced that Subaru, a Japan-based automobile manufacturing company, adopted its Compact Driving Simulator solution. Increasing use of various in-vehicle infotainment systems such as satellite navigation systems, e-mail systems, and cell phones connectivity have also increased demand for simulators, as it plays a major role in assessing the safety and utility of such devices.
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North America held dominant position in the automotive driving simulator market in 2017
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.
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.
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