19 March 2021
Visiongain has published a new report on Driving Simulator Market Report to 2031: Forecasts by Training Simulator Type (Compact Simulator & Full-Scale Simulator), by Simulator Type (Advanced Driving Simulator), by Application Type (Training & Research and Testing) and by Vehicle Type (Car Simulator and Bus and Truck Simulator) PLUS Profiles of Leading Driving Simulator Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Driving Simulator market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The Driving Simulator Market witnessing high demand of safety and features in vehicles due to which gradual growth in the market can be seen. This has led various automotive market segments towards huge innovation and R&D of battery vehicles for its efficiency. Hence, the driving simulator market is expected to boost the demand in the market.
COVID-19 Impact on Driving Simulator Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a stop the progress of vehicle production and supply disruptions. Analysis shows that due to pandemic hitting the whole globe the R&D work and innovations were also at halt and couldn’t deliver anything new to the consumers. However, the market is gradually balancing and expected to cater new automotive applications.
Initiatives taken by the companies to develop advanced technologies and applications are one of the major drivers for simulator market segment. With advanced technology assistance feature, the driving simulators have increased the expectation level of consumers from the manufacturers. Demand has risen due to various technologies such as collision avoidance system, Blind spot monitor, lane departure and Automatic parking. Therefore sales of vehicle having advanced simulator technology will drive the market of driving simulator technology.
The introduction of new technology and autonomous vehicle has transformed to ease the commute. Driving Simulator technology in the market has reduced the complexity of driving. Increased accidents rates is projected the concern for drivers as well as pedestrian and that is why manufacturers are working towards making safety and features technology. Driving simulators helps driver to overcome the shortfalls by providing proper training. As a result, concern for safety and safe driving will generate the huge demand for driving simulator market.
The global Driving Simulator market is dominated by big players such as Cruden B.V., Mechanical Simulation Corporation, Oktal, ECA-GROUP, Moog, and Rexroth. These companies have secure their position in the market to offer wide range of advanced assistance systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations.
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