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Driving Simulator Market is expected to grow at a CAGR of 7.31% during the forecasted period | Evolve Business Intelligence
Driving Simulator Market
• The global Driving Simulator Market size was valued at USD 1.25 billion in 2020 growing at a CAGR of 7.31% from 2021 to 2028.
• North America dominated the market in 2020
• Asia Pacific is expected to grow at the highest CAGR from 2021 to 2028
As per the study initiated by Evolve Business Intelligence, the global Driving Simulator Market size accounted for USD 1.25 Billion in 2020, growing at a CAGR of 7.31% from 2021 to 2028. A driving simulator is a device or system that replicates the experience of driving a vehicle realistically. These simulators are used for various purposes, including driver training, research, and entertainment. They can range from simple computer-based simulations to complex, full-scale systems with realistic vehicle controls, visual displays, and even motion platforms that mimic the sensations of acceleration, deceleration, and turns.
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Driving simulators are widely used for training new drivers and providing ongoing education for experienced drivers. They offer a safe and controlled environment for learners to practice various driving scenarios, including emergencies, adverse weather conditions, and different road types. Simulators allow drivers to experience and learn how to handle potentially dangerous situations without real-world risks. This can lead to improved safety on the roads as drivers are better prepared to respond to emergencies. Driving simulators are valuable tools for automotive manufacturers, researchers, and engineers. They can be used to test new vehicle designs, study human behavior in simulated traffic conditions, and develop and refine advanced driver assistance systems (ADAS) and autonomous vehicle technologies.
Key Players
Some of the major Driving Simulator Market players holding high market shares include Cruden B.V., Cassidian, and ECA Group. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Adacel Technologies, AutoSim AS, Teknotrove Simulator System Pvt. Ltd, OKTAL, Mechanical Simulation Corporation, Dallara, and Moog, Inc.
Report Description: https://evolvebi.com/report/driving-simulator-market-analysis-2020-2028/
Segmental Analysis
Based on the simulator Type, the Driving Simulator market is an Advanced Driving Simulator, Training Driving Simulator, and Others. The ADS segment is the largest in the Driving Simulator market. ADS are highly sophisticated simulators that provide a realistic and immersive driving experience. They are used for a variety of applications, including research and development, training, and entertainment.
Based on application, the Driving Simulator market is Research & Testing, and Training. The training segment is the largest application segment in the Driving Simulator market. Driving simulators are widely used to train drivers in a variety of industries, including automotive, aviation, and transportation.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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