Technavio has been monitoring the automotive driving simulator market and is forecast to grow by USD 317.5 mn during 2023-2028, accelerating at a CAGR of 4.61% during the forecast period. Our report on the automotive driving simulator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by decrease in vehicular production costs and reduced ttm leading to increased use of driving simulators across value chain, use of ar huds and hmds to introduce inexpensive driving simulation solutions, and increase in end-user testing of advanced driver assistan.
Technavio's automotive driving simulator market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.33%
CAGR
4.61%
Incremental Value
$317.5mn
By Application
Research and development
Training
By Vehicle Type
Car
Truck
Others
By Geography
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the development of stratiform machines to supplant hexapod machines in automotive dil simulation applications as one of the prime reasons driving the automotive driving simulator market growth during the next few years. Also, development of autonomous vehicles based on automotive driving simulation algorithms and creation of low-cost simulators for testing and evaluating in-vehicle technologies will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive driving simulator market covers the following areas:
Automotive driving simulator market sizing
Automotive driving simulator market forecast
Automotive driving simulator market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive driving simulator market vendors that include AB Dynamics plc, Ansible Motion Ltd., AutoSim AS, AV Simulation, CAE Inc., CKAS Mechatronics Pty Ltd., Cruden, CXC Simulations, Dallara Group Srl, Groupe Gorge SA, Illinois Tool Works Inc., IPG Automotive GmbH, Mechanical Simulation Corp., Moog Inc., NVIDIA Corp., OKTAL SYDAC, Spectris Plc, Tecknotrove, Thales Group, and Virage Simulation Inc.. Also, the automotive driving simulator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market by Geography
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Automotive Driving Simulator Market 2018 - 2022
Historic Market Size - Data Table on Global Automotive Driving Simulator Market 2018 - 2022 ($ million)