Dublin, Nov. 15, 2022 (GLOBE NEWSWIRE) -- The "Driving Training Simulator Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Simulator Type, Vehicle Type and End User" report has been added to ResearchAndMarkets.com's offering.
The driving training simulator market is expected to grow from US$ 1,950.00 million in 2021 to US$ 2,646.73 million by 2028. It is estimated to grow at a CAGR of 4.6% from 2022 to 2028.
The growing demand for simulation for the training of autonomous vehicles and the rising adoption of simulators in police and emergency vehicles are expected to boost the market growth. The driving simulator is also made compulsory in driving training schools in some countries.
These initiatives are anticipated to increase the need for driving training simulators over the forecast period. The driving training simulator helps the learner to adapt better to road situations and safe driving habits. For example, in December 2019, Singapore made it mandatory for learners to complete driving simulator training modules. Thus, the growing utility of driving simulators in driving schools is expected to fuel regional market growth.
The rising adoption of driving simulators for vehicle testing and training novice drivers is driving their demand in Europe. Several top players in the automotive industry are investing in developing driving simulators. For instance, in 2019, Honda R&D Europe has invested in R&D and developed driving simulator technology. This new state driving simulator technology is based on an architecture called DiM250 (Driver-in-Motion).
The new simulator technology is installed at Honda R&D Europe's technical center in Offenbach, Germany. The DiM250 system is designed by simulator software developer VI-grade GmbH and is manufactured and engineered by automatic controls specialist Saginomiya.
Similarly, in 2022, VI-grade, the simulation and driving simulator company that accelerates product innovation by bridging the gap between simulation and physical testing, and Stackpole Engineering Services, a leading full-service provider of engineering solutions to tire and vehicle OEM's and suppliers, today announced their strategic partnership, that will significantly advance the companies' research and development efforts in the areas of tire testing, tire modeling and simulation application. Such initiatives are contributing to market growth.
The Europe driving training simulator market is expected to witness substantial growth over the forecast period. Every year, various car-racing sports, such as Formula 1, Nascar, and IndyCar, are hosted in European countries. These events are expected to attract development and innovations in the driving training simulator market.
In addition to the growing trend of autonomous vehicles, self-driving vehicles are gaining traction in the Chinese market. There are plenty of autonomous driving vehicles tested on the roads of Shenzhen recently by the companies such as Pony.ai, Baidu, DeepRoute, and AutoX.
Thus, the rising trend of autonomous vehicles is anticipated to influence market growth. Furthermore, supportive government initiatives and development in the automotive sector are expected to play a vital role in the driving training simulator market. For instance, the Australian government is investing around US$ 17 million over the next five years in a Keys2Drive program that utilizes simulators as part of its training program.
The driving training simulator market is mainly dominated by players such as Autosim AS, Bosch Rexroth AG, Cruden B.V., DALLARA, and ECA Group. Further, these players expand their business through new product launches, market initiatives, investment in technology upgrades, mergers & acquisitions, and other joint activities.
For instance, in 2022, VI-grade - the simulation and driving simulator company that accelerates product innovation by bridging the gap between simulation and physical testing, and Stackpole Engineering Services, a leading full-service provider of engineering solutions to tire and vehicle OEMs and suppliers, announced their strategic partnership, which will significantly advance the companies' research and development efforts in the areas of tire testing, tire modeling, and simulation application.
Market players are implementing various strategies to expand their regional footprints. For example, in 2020, IPG Automotive GmbH opened a new office in Stuttgart, Germany, to offer the customers and partners even broader and more direct support for their projects.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Driving Training Simulator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Driving Training Simulator Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Need for Skilled Driver and Driving Safety Precautions
5.1.2 Simulation for Training Autonomous Vehicle Driving Systems Algorithm
5.2 Market Restraints
5.2.1 Complexities in Real-Time Control
5.3 Market Opportunities
5.3.1 Adoption of Simulator for Police and Emergency Vehicles
5.4 Future Trends
5.4.1 Integration of Virtual Reality in Driving Training Simulators
5.5 Impact Analysis of Drivers and Restraints
6. Driving Training Simulator Market - Global Market Analysis
6.1 Driving Training Simulator Market Global Overview
6.2 Global Driving Training Simulator Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Driving Training Simulator Market Revenue and Forecast to 2028 - Simulator Type
7.1 Overview
7.2 Driving Training Simulator Market, by Simulator Type (2021 and 2028)
7.3 Compact Simulator
7.3.1 Overview
7.3.2 Compact Simulator: Driving Training Simulator Market Revenue and Forecast to 2028 (US$ Million)
7.4 Full-Scale Simulator
7.4.1 Overview
7.4.2 Full-Scale Simulator: Driving Training Simulator Market- Revenue and Forecast to 2028 (US$ Million)
8. Driving Training Simulator Market Analysis - By Vehicle Type
8.1 Overview
8.2 Driving Training Simulator Market, by Type (2021 and 2028)
8.3 Car Simulator
8.3.1 Overview
8.3.2 Car Simulator: Driving Training Simulator Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Truck and Bus Driving Simulator
8.4.1 Overview
8.4.2 Truck and Bus Driving Simulator: Driving Training Simulator Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Driving Training Simulator Market- Revenue and Forecast to 2028 (US$ Million)
9. Driving Training Simulator Market - By End User
9.1 Overview
9.2 Driving Training Simulator Market, by End-User (2021 and 2028)
9.3 Driving Training Centre
9.3.1 Overview
9.3.2 Driving Training Centre: Driving Training Simulator Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive OEM
9.4.1 Overview
9.4.2 Automotive OEM: Driving Training Simulator Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Driving Training Simulator Market - Revenue and Forecast to 2028 (US$ Million)
10. Driving Training Simulator Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Driving Training Simulator Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 APAC: Impact Assessment of COVID-19 Pandemic
11.5 MEA: Impact Assessment of COVID-19 Pandemic
11.6 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 AUTOSIM AS
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Adacel Technologies Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 CRUDEN B. V.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DALLARA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 ECA Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 IPG Automotive GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Moog Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 NVIDIA CORPORATION
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 TECKNOTROVE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 VI-GRADE GMBH
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/m7r1bb
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