Driving Simulator Market Studied by Stimulator type, Vehicle type, Technology, Application, and regions forecast period 2020-2027

Dec 03, 2020   Market Definition Driving Simulatorfind its application in evaluation of new vehicle design and adoption of driver assistance vehicle systems. These stimulator also help to test the human behavior, performance of vehicle and driver in terms to response to the sudden distraction. The Driving stimulators perform training and vehicle educational purposes in the educational institutions and can also be used in driving classes to provide training with more comfort and safety for the learner. With e...
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Report Description

Market Definition

Driving Simulatorfind its application in evaluation of new vehicle design and adoption of driver assistance vehicle systems. These stimulator also help to test the human behavior, performance of vehicle and driver in terms to response to the sudden distraction. The Driving stimulators perform training and vehicle educational purposes in the educational institutions and can also be used in driving classes to provide training with more comfort and safety for the learner. With evolutions of VR gaming and inception of gaming parlors in the malls and multiplexes also increasing sales of driving stimulators in the entertainment sector. Additionally, the stimulator provides drivers training for driving responses in critical situations. To elevate the standards of safety the driving stimulators are also employed to identify vitality of human machine interface installed in the vehicle and analysis of driver performance based on the response and behavior while driving

Market Analysis

The global Driving Simulatormarket is estimated to progress at a healthy CAGR of 5.91% during the forecast period 2020-2027. The market size of Driving Simulator is estimated at US$ 1.62 Bn by the end of 2019, the demand for more advanced safety features, integration and ADAS technology, development of new and advanced vehicles and engines are some of the factors providing considerable advancements for the market.

According to ouranalysis, Driving Simulatorare used for behavioral research by using physical fidelity and behavioral fidelity solutions. The ability of these solutions to reflect in the numerous situations which are regarded as dangerous and accident prone situations without damage to the asset or the driver is the reason behind the gaining popularity of the driving stimulator for training purposes. Behavioral fidelity provides analysis about the responses registered by driver in these situation and rectify the mistakes made by the drivers thus improving the ability of driver in emergency response.

Since the Coronavirus outbreak, the developed countries and countries with automotive manufacturing clusters have registered considerable decrement in the automotive sector in the first quarter of this financial year. The decrement is expected to affect the performance of driving stimulator market. The service sector also seen a massive dip due to the disruption in the market, decreased expenditure capability of the consumers on the services. So, the coronavirus outbreak is expected to curtail the growth projections of the market in the first half of forecast projections

However, for the application in educational institute and driving training centers the high initial cost and lack of developed infrastructure required for the establishment of driving simulators is expected to restrict the sales of the products. The consumers in these segment are less likely to make investments in this costly systems in the emerging countries which is expected to restrict the growth of the market in these regions and particular for such applications

The use of stimulators provide organized training to better the driving abilities of the person at a considerable extent. For instance, many private organizations in the U.S. have initiated implementation of driving stimulators in their organizations to uplift the standards of driving safety within their organization. The company named UPS, have incorporated stimulators in the driver training program offered by the company. The driving stimulators were procured by Virtual Driver Interactive and the employees are provided the driving stimulators training program organized into a proper manner. Since the inception of providing these classes the company observed 38% reduction in the car crashes of its employees. The office located at Albany registered even more productive result with generating 50% reduction in car crash of the employees

Therefore, in a nutshell thebetter safety measures and strategic training and development of drivers abilities and exhaustive use in research and development technology is projected to support substantialgrowth projections during the forecast period 2020-2027.

Segment Analysis

Small and Medium Enterprises sector is estimated to govern a major share in the Driving Simulator market on better security provided by these solutions with minimum requirement of capital expenditure. The requirement of costly on premise security solutions can be averted facilitating effortlessly administrable and easily deployable solutions reducing the need of human resource for vigilance. Also, these services provide easy use from mobile phones, remote locations and work from various corporate offices locations which makes cloud security effective and scalable.

For instance, as per our analysis,the use of Driving Simulator in network security solutions in anticipated to procure major chunk of market share. The use of these solutions provide up to 75% better spam Email filtration reducing the entry of those spam Emails in the system of organizational server optimizing the data storage and better data warehousing. Cloud security services are capable of engaging multiple malware scanning systems engaged providing better network protection. All these factor are expected to help the network segment sustain their dominance in the market.

Regional Analysis

According to our analysis the market for North America is expected to maintain a prominent share in the market followed by the market of Europe. To cope of with the environmental pollution Europe and North America have strict emission norms and keep revising these norms which require development in the engine and emission norms require modification and development in the vehicles. For the research and development purposes and after development analysis driving stimulator proves very effective increasing the sales of products in the region. Additionally, adoption of ADAS integrated vehicles and enhanced norms for vehicle safety to enrich the market.

Many prominent automotive OEM operators are setting up their R&D facilities in the developing countries such as India and Japan. Some of the manufacturers have already initiated the operations in these bases. The strong outlook for Research operations in these countries and performance in the established facilities in China are propel the market at a rapid pace in the global market outpacing the other regions.

After the careful evaluation of the market, our analysis states that, the global players operating in the market with decent presence across the regions are Cruden B.V., Rexroth, IPG Automotive GmbH, NVIDIA CORPORATION and Oktal, etc. Further, these tier 1 players constitute for 37 - 44%of revenue share in the market. To gainsolid loyal customer base the global players are coming with products focused on requirement as per the nature of applications.

Competitive Landscape

According to our analysis, the market for Driving Simulatorcan be categorized as a highly fragmented market with presence of regional players in the global market. Rexroth, Cruden B.V., Moog are the manufacturers expected to solidify its sales footprints across the different parts of globe.The increasing incidents of accidents, need of development of standardized and productive training programs to improve the driving ability, benefit of encountering dangerous situations and accident prone environment without getting exposed to the actual risk are prominent factors bolstering the sales of Driving Simulator.

Development of Advanced Driver-in-the-Loop Engineering Automotive Driving Simulator, providing controlled and repeatable analysis and experiments, and 24x7 virtual grounds and test drives are some of the advanced features in these newly developed solution attracting the customers towards the driving stimulators market.

Along with all the global companies that are mentioned above, some other companies which have a decent hold in the market areApplied Intuition, Parallel Domain,Ansible Motion Limited, IPG Automotive GmbH, Oktal, NVIDIA CORPORATION, Dallara, Teknotrove Simulator System Pvt. Ltdand CAE, INC., among others

Global Driving Simulator Market Segmentation

By Stimulator type

  • Driving Training Simulator
  • Autonomous Driving Simulator

By Vehicle Type

  • Passenger vehicle and LCV
  • HCV, Trucks and Buses

By Technology

  • Compact Stimulator
  • Full-Scale Simulator

By Application

  • Research and Development
  • Testing
  • Training

By Region

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • K
    • Italy
    • France
    • Spain
    • Germany
    • Rest of Europe
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Egypt
    • South Africa
    • Rest of MEA
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Columbia
    • Chile
    • Peru
    • Argentina
    • Rest of South America

Market Definition

Driving Simulatorfind its application in evaluation of new vehicle design and adoption of driver assistance vehicle systems. These stimulator also help to test the human behavior, performance of vehicle and driver in terms to response to the sudden distraction. The Driving stimulators perform training and vehicle educational purposes in the educational institutions and can also be used in driving classes to provide training with more comfort and safety for the learner. With evolutions of VR gaming and inception of gaming parlors in the malls and multiplexes also increasing sales of driving stimulators in the entertainment sector. Additionally, the stimulator provides drivers training for driving responses in critical situations. To elevate the standards of safety the driving stimulators are also employed to identify vitality of human machine interface installed in the vehicle and analysis of driver performance based on the response and behavior while driving

Market Analysis

The global Driving Simulatormarket is estimated to progress at a healthy CAGR of 5.91% during the forecast period 2020-2027. The market size of Driving Simulator is estimated at US$ 1.62 Bn by the end of 2019, the demand for more advanced safety features, integration and ADAS technology, development of new and advanced vehicles and engines are some of the factors providing considerable advancements for the market.

According to ouranalysis, Driving Simulatorare used for behavioral research by using physical fidelity and behavioral fidelity solutions. The ability of these solutions to reflect in the numerous situations which are regarded as dangerous and accident prone situations without damage to the asset or the driver is the reason behind the gaining popularity of the driving stimulator for training purposes. Behavioral fidelity provides analysis about the responses registered by driver in these situation and rectify the mistakes made by the drivers thus improving the ability of driver in emergency response.

Since the Coronavirus outbreak, the developed countries and countries with automotive manufacturing clusters have registered considerable decrement in the automotive sector in the first quarter of this financial year. The decrement is expected to affect the performance of driving stimulator market. The service sector also seen a massive dip due to the disruption in the market, decreased expenditure capability of the consumers on the services. So, the coronavirus outbreak is expected to curtail the growth projections of the market in the first half of forecast projections

However, for the application in educational institute and driving training centers the high initial cost and lack of developed infrastructure required for the establishment of driving simulators is expected to restrict the sales of the products. The consumers in these segment are less likely to make investments in this costly systems in the emerging countries which is expected to restrict the growth of the market in these regions and particular for such applications

The use of stimulators provide organized training to better the driving abilities of the person at a considerable extent. For instance, many private organizations in the U.S. have initiated implementation of driving stimulators in their organizations to uplift the standards of driving safety within their organization. The company named UPS, have incorporated stimulators in the driver training program offered by the company. The driving stimulators were procured by Virtual Driver Interactive and the employees are provided the driving stimulators training program organized into a proper manner. Since the inception of providing these classes the company observed 38% reduction in the car crashes of its employees. The office located at Albany registered even more productive result with generating 50% reduction in car crash of the employees

Therefore, in a nutshell thebetter safety measures and strategic training and development of drivers abilities and exhaustive use in research and development technology is projected to support substantialgrowth projections during the forecast period 2020-2027.

Segment Analysis

Small and Medium Enterprises sector is estimated to govern a major share in the Driving Simulator market on better security provided by these solutions with minimum requirement of capital expenditure. The requirement of costly on premise security solutions can be averted facilitating effortlessly administrable and easily deployable solutions reducing the need of human resource for vigilance. Also, these services provide easy use from mobile phones, remote locations and work from various corporate offices locations which makes cloud security effective and scalable.

For instance, as per our analysis,the use of Driving Simulator in network security solutions in anticipated to procure major chunk of market share. The use of these solutions provide up to 75% better spam Email filtration reducing the entry of those spam Emails in the system of organizational server optimizing the data storage and better data warehousing. Cloud security services are capable of engaging multiple malware scanning systems engaged providing better network protection. All these factor are expected to help the network segment sustain their dominance in the market.

Regional Analysis

According to our analysis the market for North America is expected to maintain a prominent share in the market followed by the market of Europe. To cope of with the environmental pollution Europe and North America have strict emission norms and keep revising these norms which require development in the engine and emission norms require modification and development in the vehicles. For the research and development purposes and after development analysis driving stimulator proves very effective increasing the sales of products in the region. Additionally, adoption of ADAS integrated vehicles and enhanced norms for vehicle safety to enrich the market.

Many prominent automotive OEM operators are setting up their R&D facilities in the developing countries such as India and Japan. Some of the manufacturers have already initiated the operations in these bases. The strong outlook for Research operations in these countries and performance in the established facilities in China are propel the market at a rapid pace in the global market outpacing the other regions.

After the careful evaluation of the market, our analysis states that, the global players operating in the market with decent presence across the regions are Cruden B.V., Rexroth, IPG Automotive GmbH, NVIDIA CORPORATION and Oktal, etc. Further, these tier 1 players constitute for 37 - 44%of revenue share in the market. To gainsolid loyal customer base the global players are coming with products focused on requirement as per the nature of applications.

Competitive Landscape

According to our analysis, the market for Driving Simulatorcan be categorized as a highly fragmented market with presence of regional players in the global market. Rexroth, Cruden B.V., Moog are the manufacturers expected to solidify its sales footprints across the different parts of globe.The increasing incidents of accidents, need of development of standardized and productive training programs to improve the driving ability, benefit of encountering dangerous situations and accident prone environment without getting exposed to the actual risk are prominent factors bolstering the sales of Driving Simulator.

Development of Advanced Driver-in-the-Loop Engineering Automotive Driving Simulator, providing controlled and repeatable analysis and experiments, and 24x7 virtual grounds and test drives are some of the advanced features in these newly developed solution attracting the customers towards the driving stimulators market.

Along with all the global companies that are mentioned above, some other companies which have a decent hold in the market areApplied Intuition, Parallel Domain,Ansible Motion Limited, IPG Automotive GmbH, Oktal, NVIDIA CORPORATION, Dallara, Teknotrove Simulator System Pvt. Ltdand CAE, INC., among others

Global Driving Simulator Market Segmentation

By Stimulator type

  • Driving Training Simulator
  • Autonomous Driving Simulator

By Vehicle Type

  • Passenger vehicle and LCV
  • HCV, Trucks and Buses

By Technology

  • Compact Stimulator
  • Full-Scale Simulator

By Application

  • Research and Development
  • Testing
  • Training

By Region

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • K
    • Italy
    • France
    • Spain
    • Germany
    • Rest of Europe
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • Egypt
    • South Africa
    • Rest of MEA
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Columbia
    • Chile
    • Peru
    • Argentina
    • Rest of South America