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Gaming Simulators Market witnessed USD 5.3 billion in 2021, growing at a CAGR of 13.5% and the market was estimated USD 14.6 billion in 2029 | Size & Industry Report
Gaming Simulators Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/gaming-simulators-market/
The factors driving the growth of Gaming Simulators Market includes growing demand for immersive and realistic games, increasing popularity of e-sports tournaments around the world, commercialization of 5G technology, rising acceptance for 360 cameras for taking 360 VR photos and improvements in the living standards. Moreover, growing adoption of advanced technologies such as Virtual Reality (VR) and Augmented Reality (AR), rise in the launch of innovative products, increasing number of players in online games and rapid urbanization, are some of the additional factors supplementing the Gaming Simulators Market size. In addition, the increasing investments by major companies on research and development, strategic mergers and acquisitions between key players, rising disposable incomes growing population growth rates, are further contributing towards the market growth.
However, growth of the Gaming Simulators Market is hindered attributed to high costs of Virtual Reality headsets.
The leading players operating in the Gaming Simulators Market are Playseat, Aeon Sim, Vesaro, CXC Simulations, D-BOX, Eleetus, LCC, RSEAR Ltd. and Hammacher Schlemmer & Company, Inc., among others.
Based on Component, the Software segment is predicted to expand at a significant CAGR during the forecast period
Growing demand for software for modeling of real phenomenon using mathematical formulas and increasing use of simulation software for designing equipment, are some of the factors responsible for the segment's growth.
Based on Game Type, thew Racing segment is projected to grow at a robust CAGR over the forecast period
Virtual training solutions helps in enhancing the driving skills and gaming simulators helps in understanding car handling, are propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
Rising penetration of smartphone across India, China, and Indonesia, growing adoption of advanced technologies by manufacturers, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Component
Hardware
Software
Services
Segmentation by Game Type
Shooting
Fighting
Racing
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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