Driving Training Simulator Market

Driving Training Simulator Market Outlook (2022-2032)

As of the current year 2022, the global driving training simulator market is estimated at US$ 2,039.70 Mn. The market value of the driving training simulator market is anticipated to surpass a valuation of US$ 3,198.03 Mn by 2032. A historical market valuation of US$ 1,950 Mn has been recorded by the analysts of PMR for the concerned market during the base year.

Report Attribute	Details
Driving Training Simulator Market Value (2022)	US$ 2,039.70 Mn
Driving Training Simulator Market Anticipated Value (2032)	US$ 3,198.03 Mn
Driving Training Simulator Projected Growth Rate (2022-2032)	4.6%

Realistic Impression of Vehicle Performance Fuels the Popularity of Driving Training Simulators

Due to the rise of traffic incidents, upcoming high-speed train projects, air traffic, and considerable research and development investments in autonomous cars, the driving training simulator market is expected to witness rapid growth through 2032.

Various stages of vehicle testing are being performed, which is raising the popularity of automotive and similar industries. The researchers and engineers are at present using this technology for getting a realistic impression of the overall performance of the vehicle in a virtual environment. The design of the vehicle and system performance are being improved thanks to the driving training simulators.

Autonomous Vehicles to Propel Commercial Demand for Driving Training Simulators

An in-depth analysis of the driving training simulator market suggests that autonomous vehicles are undergoing extensive testing and research under diverse environments and circumstances to be used on road. For thorough autonomous vehicle validation, the issues are being addressed by NVIDIA DRIVE Sim, a simulation platform that is physically accurate and produces synthetic data close to real-world situations.

The following have also been identified as growth prospects for the market for driving training simulators: :

• Heavy investments are made by automotive manufacturers for developing components like processors and sensors to be used in autonomous vehicles.
• High usage of automotive OEMs using driving training simulators for testing the performance and capabilities of these components in the vehicles.
• Demand for features like automatic parking, adaptive cruise control, collision avoidance system, lane departure warning system, and blind spot monitor are fueling the utility of driving training simulators.
• The advent of the advanced driving assistance system (ADAS) is also expected to fuel the market share of the driving training simulator market in the upcoming years.
• Need for the automotive companies to remove all possible glitches and ensure the safety of the drivers is a key factor boosting the growth of the market through 2032.

Although the market is projected to have healthy growth through the projection period, certain elements can impede growth. The expansion may be hampered by the integration of complexity in real-time control and the lack of benchmarks and standards. In addition to that, there is a high initial cost associated with the integration of driving training simulators. This factor is coupled with the lack of proper infrastructure for driving training simulator development and is expected to curb the growth of the market in the foreseen years.

Comparative Analysis of Adjacent Driving Training Simulators Market

Differentiating Aspects	Driving Training Simulators Market
CAGR	4.6%
Market Valuation in 2022	US$ 2,039.70 Mn
Projected Market Value in 2032	US$ 3,198.03 Mn
Drivers	Rise in the number of unskilled drivers is leading to a large number of human errors and accidents, which is why driving training simulators are gaining rapid traction across the globe. Active investments by automotive manufacturers to develop components like sensors and actuators are estimated to create lucrative growth opportunities in the market.

Comparative Analysis of Adjacent Automotive Simulators Market

Differentiating Aspects	Automotive Simulators Market
CAGR	5.2%
Market Valuation in 2022	US$ 894.98 Mn
Projected Market Value in 2032	US$ 1,485.84 Mn
Drivers	Increased vehicle and driver safety is estimated to propel market growth for automotive simulators. Evaluation while the development of vehicles necessitates the implication of automotive simulators, thus expanding the market shares for the same.

Comparative Analysis of Adjacent Compact Simulators Market

Differentiating Aspects	Compact Simulators Market
CAGR	3.3%
Market Valuation in 2022	US$ 604 Mn
Projected Market Value in 2032	US$ 836.10 Mn
Drivers	Compact simulators are easily portable in nature and are therefore having high implications for training purposes. Owing to the small size of compact simulators, they are highly embedded in buses, trucks, bicycles, and more, which is estimated to boost the market share for these systems through 2032.

Category-wise Insights

The Compulsion of Driving Training Simulators in Driving Schools Make Ways for Domineering Segments

Compact Simulator Segment Exerts Influence over the Simulator Type Category

Amidst the full-scale, advanced, and compact simulators, the latter type dominated in the base year. This segment generated the maximum revenue share in 2021 and is estimated to maintain its lead over the projection period. The compact simulators are being utilized for several applications in trucks, bikes, and buses, due to their small size.

This segment is projected to gain rapid traction through the forecast period as they are pocket-friendly in nature as compared to the other simulator types. Compact simulators are having high implications for local driving training in driving institutions and other purposes.

The advanced driving simulator segment is also estimated to witness steady growth owing to technologically advanced features like 360-degree viewing angle and motion platform that provide a realistic experience to the trainees.

Research & Testing Segment Leads the Application Type Category

Based on application, the market has been classified into motorsports and gaming, training, and research & testing. As per the study, it has been revealed that the research and testing segment accounted for the largest market share in 2021. This segment is estimated to witness the highest growth over the forecast period, registering a CAGR of 6.1%.

The substantial growth of this segment can be attributed to the advent of autonomous vehicles. Manufacturers across the globe are making significant investments in research and development activities for bringing fully-automated cars into the industry. For testing the performance of these vehicles, driving training simulators are highly used. The market shares are thereby rising for driving training simulators.

Automotive Segment to Stir Up the Market Landscape for Driving Training Simulators

The end-user category is projected to be domineered by the automotive segment, with marine and aerospace being the other potential industries. The automotive segment is anticipated to hold considerable shares throughout the forecast period. As per the International Organization of Motor Vehicle Manufacturers (OICA), the annual production of passenger vehicles stood at around 70 Mn in the base year across the globe.

Furthermore, automotive manufacturers like Tesla, Honda, BMW, and Toyota are making significant investments to improvise the designs of their autonomous cars and their existing cars. These manufacturers are identified to drive the driving training simulator market for testing the real-time performance and other capabilities of the cars. These cars are also equipped with driving simulators that mimic a wide range of operating conditions like busy roads, adverse weather conditions, and bumpy roads, fueling market shares for this segment.

Country-wise Insights

Overview of Technologically Superior Markets Across Diverse Countries

Statistics	Growth Propellants
Country/Region : United States
The United States has emerged as the most lucrative market in North America. The U.S. driving testing simulator market is estimated to move ahead at a rapid pace, registering a CAGR of 11% through the forecast period. The market valuation in the U.S. is estimated to surpass a valuation of US$ 17,300.63 Mn by the end of 2032.	Shortage of skilled drivers across the country results in a large number of accidents. These accidents are mostly caused by human errors, which thereby affect the rising shares of driving training simulators across the U.S. This application provides training to drivers across the country for avoiding collisions from directions and updates the personnel with notifications regarding diversions, accidents, and others. This allows the drivers to manage the situations in a controlled manner and is therefore bolstering the market growth for the system.
Country/Region : Europe
The driving training simulator market in Europe is projected to advance at a CAGR of 5.27% during the period 2022-2032.	Germany has emerged as the leading country in the European market. It is identified that there is a rapid growth of Level 2 and Level 3 autonomous cars in this region. These cars are equipped with advanced driver assistance systems like collision detection, adaptive cruise control, and lane departure warning, adding an edge to the driving training simulator market in the region. Furthermore, autonomous cars in this region are also gaining support from various companies and governments that are working in collaboration on different projects of automated driving systems technology.
Country/Region : Japan
Japan is anticipated to hold a significant share of the Asia Pacific driving training simulator market. The market is likely to register a CAGR of 3.4% through the forecast period.	Due to the increasing research and development activities in the automobile sector across Japan, driving training simulators are gaining popularity. Japan is identified to take initiatives for attracting automotive OEMs to increase or initiate manufacturing facilities in the country, which is expected to fuel the market growth for the concerned systems over the forecast period.

Start-up Ecosystem

New Entrants Unravel Growth Prospects with Unique Attempts in the Market

The new entrants in the driving training simulator market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands. Efforts are being made to strengthen their foothold in the market and aid the further progression of the driving training simulator market.

Top Start-ups to Watch For

• Applied Intuition Funding: 352 Mn

U.S.-based Start-up

Applied Intuition has developed simulation software for autonomous vehicles. The software offers a suite of tools that enables vehicle developers to stimulate a completely autonomous vehicle stack including sensors, prediction, planning/drive policy, and controls. The system develops sophisticated & intelligent behavior models simulating real-world traffic, pedestrians, and other objects.

• Cognata Funding: 24 Mn

Israel-based Start-up

Cognata provides a deep-learning autonomous driving simulator platform. The company claims to use patented computer vision and deep learning algorithms to create an entire city simulator including buildings, roads, lane marks, traffic signs, etc. It also adds dynamic layers of drivers’ and pedestrians’ behaviors along with local weather conditions based on historical data. It allows autonomous vehicle makers to test their vehicles by creating various safety edge cases which need to be solved in order to launch an autonomous vehicle.

• Metamoto Funding: 2 Mn

The U.S.-based Start-up

Metamoto is a company offering simulation solutions for autonomous systems. It enables autonomous vehicle developers to train, test, debug, and validate their autonomous system software. It offers multi-sensor simulation solutions such as LIDAR, RADAR & GPS and enables users to test vehicles across a spectrum of environmental and hardware parameters to identify isolated outcomes, performance boundaries, and system tolerances.

Competitive Landscape

Key Manufacturers Launch New Automobile Technologies to Upkeep with Changing Demands

The driving training simulator market is fragmented and the key players are deploying organic and inorganic growth strategies to compete in the market. The biggies are heavily investing in research and development activities to make technological advances in simulation techniques for easing the job of autonomous vehicle manufacturers.

The Sapphire vehicle dynamics simulator at a BMW facility in Munich was introduced as one of 14 different simulators in the company’s new Driving Simulation Centre, a US$ 105-Mn, 123,000-square-foot space that is the global most advanced simulation facility.

Another key manufacturer, Simumak introduced a driving school facility in France. This driving school is equipped with a simulator, Simescar lite, which is the driving simulator to expand the driver training services in the French market.

Recent Developments

• In January 2022, VI-grade—the simulation and driving simulator company that accelerates product innovation by bridging the gap between simulation and physical testing—and Stackpole Engineering Services, a leading full-service provider of engineering solutions to tire and vehicle OEMs and suppliers, announced their strategic partnership. This partnership will significantly advance the companies' research and development efforts in the areas of tire testing, tire modeling, and simulation application.
• In July 2021, Dynisma Ltd., a UK-based motion simulator technology organization, announced the details of its newly launched world-leading DMG-1 and lightweight DMG-1 Carbon advanced driving simulators.
• In April 2021, AB Dynamics announced a simulation product family that includes a workstation, desktop, static, and dynamic variants for use in automotive and motorsport applications, according to the company.

Some of the key companies in the market are as follows:

• Autosim AS
• Bosch Rexroth AG
• Cruden B.V.
• Dallara
• ECA Group
• IPG Automotive GmbH
• Moog Inc.
• NVIDIA Corporation
• Tecknotrove
• VI-grade GmbH

Report Scope

Attributes	Details
Forecast Period	2022 to 2032
Historical Data Available For	2015 to 2021
Market Analysis	US$ Mn for Value
Key Countries Covered	North America Latin America Asia Pacific MEA Europe
By Market Segments	Product Type Application End User Region
Key Companies Profiled	Autosim AS Bosch Rexroth AG Cruden B.V. Dallara ECA Group IPG Automotive GmbH Moog Inc. NVIDIA Corporation Tecknotrove VI-grade GmbH
Pricing	Available Upon Request

Key Segments in the Driving Training Simulator Market

By Simulator Type

• Compact
• Full-scale
• Advanced

By Application

• Research & testing ‘Training
• Motor Sports & Gaming

By End-use

• Automotive
• Marine
• Aviation

By Region

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

By Simulator Type	Compact Full-scale Advanced
By Application	Research & testing ‘Training Motor Sports & Gaming
By End-use	Automotive Marine Aviation
By Region	North America Latin America Asia Pacific MEA Europe

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