Automotive Driving Simulator Market How Changing Dynamics
Posted by avinash on February 25th, 2020
Automotive driving simulators belong to the class of human machine interface (HMI) that are prominently used to mimic the near-exact conditions prevalent during driving. These find substantial applications in education & training institutions for vehicle user training programs, and R&D activities for pre-testing of new vehicles, advanced driving assistance systems, and other technologies.
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Driving simulator helps automotive manufacturers to test the performance of autonomous vehicles considering factors such as city traffic during rush hour. It is capable of simulating autonomous vehicles depicting their own motion characteristics as well as their interaction with other connected or non-connected vehicles. Furthermore, increasing investment by automotive manufacturers in developing advanced high fidelity simulator, which provides good quality control loaders, image generation, and extensive motion capability is another factor fueling growth of the market.
Automotive driving simulator is a type of motion simulator with hardware components, including driving controls, screens, resolution, and mirrors. Driving simulators are used in applications ranging from entertainment to research and advance training. The global automotive driving simulator market generated a revenue of US$ 123.5 million in 2017, which increased from US$ 120.3 million in 2016. By 2025, the automotive driving simulator market is expected to generate a revenue of US$ 155.1 million, with a CAGR of 2.9% over the forecast period.
Research segment held dominant position in the automotive driving simulator market in 2017
On the basis of application, the global automotive driving simulator market is segmented into entertainment, research, and training. The research segment held dominant position in the automotive driving simulator market in 2017 and is expected to retain its dominance over the forecast period. The research segment generated a revenue of US$ 81.6 Million in 2017 and is expected to reach US$ 101.5 million by 2025, with a CAGR of 2.8% over the forecast period. Rising adoption of driving simulators for research activities have accelerated growth of the segment in the market.Moreover, increasing adoption of driving simulators by vehicle manufacturers to design interior or to test advance driving assistance system is expected to aid in growth of the market.
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Global Automotive Driving Simulator Market – Key Players
The major players operating in the global automotive driving simulator market include AutoSim AS, Teknotrove Simulator System Pvt. Ltd, OKTAL, Cruden B.V., Mechanical Simulation Corporation, Dallara, Moog, Inc., IPG Automotive, ECA- Group, and Ansible Motion.
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About the Authoravinash
Joined: February 19th, 2020
Articles Posted: 52
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