The Automotive Driving Simulator Market is projected to reach USD 4.04 billion by 2028, at a CAGR of 7.9% between 2018 and 2028. According to Quince Market Insights, increasing safety regulations laid down for manufacturers and consumers is one of the factors influencing the market growth. The report provides a detailed analysis of emerging market trends, market size, forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc. The report also identifies key factors that influence the growth of the automotive driving simulator market.
The automotive driving simulator market is an established market with increasing regulations, which are to be strictly followed by manufacturers and on-road users. Moreover, many driving schools are installing simulators in their schools for improved learning and safety, which is contributing to the growth of the automotive driving simulator market. Moreover, the gaming industry has increased the use of automotive driving simulators, owing to the demand for racing games and other simulator-based games. These simulators are commonly used by automotive manufacturers for testing different functions and safety of vehicles in different conditions. As simulators offer near to real-life experience, it is safe to learn the basics of driving through simulators. All these factors are responsible for the growth of the automotive driving simulator market in emerging economies.
Western Europe to drive the Automotive Driving Simulator demand during the forecast period
Western Europe is the fastest-growing market for automotive driving simulator. Countries in this region are witnessing high demand for simulators due to strict safety regulations and technological developments in automobile manufacturing. Simulators offer manufacturers a significant advantage over competitors in the market by providing new information and telemetry for improving their products. This has resulted in a spike in demand for automotive driving simulator market. Moreover, the growing video games market based on simulation has also led to the growth of the automotive driving simulators market.
Major companies manufacturing automotive driving simulators are Moog Inc., ECA Group, NVIDIA, Autosim AS, Cruden B.V., Dallara, Rexroth, Ansible Motion, Mechanical Simulation, OKTAL, and IPG Automotive. These companies have been profiled in the study to provide a competitive view of the market. Major developments such as new product launches, mergers & acquisitions, expansions, and partnerships, among others were undertaken during the historic period and have been provided for understanding the market scenario.
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