Driving simulator is a technique used to create a real time environment. It is used for training a driver in vehicle driving courses and used in research area to monitor driver behaviour& performance. Also, it is used in the automotive industry to design and evaluate new vehicles or new advanced driver assistance systems.
The key technology in a driving simulator is the real time vehicle dynamic simulation which helps to develop vehicle control strategies. Increasing concern towards safe driving and adoption of advanced vehicle technology is expected to increase the demand for driving simulator market.
Increase in accident rate is expected to increase the concern towards safety of pedestrian as well as driver & passenger in the near future. For instance, according to the World Health Organization, each year road traffic crashes results into approximately 1.35 million human loss.
Driving simulator helps to minimize the defect of driving conditions by providing proper training to driver. Therefore, the increasing emphasis on driver & passenger safety is expected to propel the demand for driving simulator market. Moreover, increasing uses of driving simulator for the research and development purpose, to enhance the safe driving is forecasted to create huge demand for driving simulator market.
However, integration complexity and presence of automotive head-up display (HUD) and head mounted display (HMD), which provides similar solution as driving simulator is stipulated to create hurdle in the growth of the global driving simulator market.
Whereas, the driving simulator provides more advanced controllability in bad weather condition as compared to automotive HUD and HMD. This is expected to increase the demand for driving simulator over automotive HUD and HMD.
Prominent manufacturers involved in the driving simulator are continuously focusing on increasing research and development, merger and acquisition activities in order to strengthen their business across the globe. For instance, vehicle such as Daimler-Benz and Ford Motor Company have built their own simulators. The Ford Motor Company launched a driving simulator, VIRTTEX (Virtual Test Track Experience), to test the reactions of sleepy drivers.
Europe is the innovation hub for the automotive industry, as most of the premium vehicles are manufactured in the region. Additionally, rising investment in research and development activities, and stringent driving safety norms are expected to propel the demand for driving simulator in Europe market.
Hence, Europe is expected to lead the driving simulator market followed by the Asia Pacific. The driving simulator market is projected to be most lucrative in the Asia Pacific owing to the presence of top developing countries, such as India and China.
The growing development of driving simulator in the North America, estimated to dominate the driving simulator market over forecast period. For instance, Nevtech, a high-tech R & D company specializes in vehicle simulator technology, introduced advanced driving simulators and software capabilities in the North American market.
Latin America and MEA is predicted to have comparatively less share during the forecast period and expected to follow the same trend in the coming years. However, the demand for driving simulator market is forecasted to grow at an optimistic rate over the near future.
Some of the key players involved in the driving simulator market include
Globally, the driving simulator market is fragmented in nature owing to the presence of a large number of players in the market.
The research report presents a comprehensive assessment of the driving simulator market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to driving simulator market segments such as simulator type, vehicle type and application type.
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on driving simulator market segments and geographies.
Globally, the driving simulator market can be segmented on the basis of simulator type, vehicle type and application type
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