Rising adoption of driving simulators for performance testing of autonomous vehicles is a key factor driving revenue growth of global driving simulator market.
Vancouver, BC -- (SBWIRE) -- 04/21/2021 -- The Global driving simulator Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period.
The global driving simulator market is expected to reach a market size of USD 5.96 Billion by 2028 at a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Rising demand for driver simulators to enable novice driver to train and practice, and for driving tests to secure a driver's license are some key factors driving demand for car driving simulators.
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Qualitative Analysis:
The research report includes a separate chapter for qualitative analysis. We have followed a descriptive approach while compiling the chapter. The macro and micro economic factors define the share and growth of market. These factors have been carefully understood through secondary and primary sources. All such factors have been explained under headings namely growth driving factors, growth restraining factors, market and technology trends and so on. Depending on the contribution and the growth potential, five countries were chosen for PESTEL analysis and the same has been described in the report.
Key players operating in the market are Cruden B.V., Cassidian, ECA Group, Tecknotrove Simulator System Pvt. Ltd., Adacel Technologies, L3 Technologies Inc., Bosch Rexroth AG, Anthony Best Dynamics Ltd., Mechanical Simulation Corporation, and Virage Simulation Inc.
The report comprises a detailed analysis of the vital elements of the Driving Simulator market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Driving Simulator market dynamics that helps market analysts estimate the global market growth rate over the projected timeline
For the purpose of this report, Emergen Research has segmented the global driving simulator market based on application, transport type, simulator type, end-use, and region:
Application Outlook (Revenue: USD Billion; 2021–2028)
Training
Research and Testing
Transport Type Outlook (Revenue: USD Billion; 2021–2028)
Car
Truck and Bus
Train
Ships
Aircraft
Simulator Type Outlook (Revenue: USD Billion; 2021–2028)
Training Simulator
Compact Simulator
Full-Scale Simulator
Advanced Driving Simulator
End-Use Outlook (Revenue: USD Billion; 2021–2028)
Automotive
Customed build Simulator
Racing Simulator
Marine
Aviation
Rail
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Scope of the Report:
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Driving Simulator market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
The report classifies the global Driving Simulator market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Report Highlights:
The report conducts a comparative assessment of the leading market players participating in the global Driving Simulator market.
The report marks the notable developments that have recently taken place in the Driving Simulator industry
It details on the strategic initiatives undertaken by the market competitors for business expansion.
It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Driving Simulator market value chain.
The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Global Driving Simulator Market Segmentation & Impact Analysis
4.1. Global Driving Simulator Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rising adoption of simulator in research of autonomous vehicles
4.2.2.2. Increasing requirement of skilled drivers
4.2.3. Market restraints analysis
4.2.3.1. Lack of infrastructure in developing countries
4.2.3.2. High implementation cost
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Global Driving Simulator Market Application Insights & Trends, Revenue (USD Billion)
5.1. Application Dynamics & Market Share, 2019 & 2027
5.1.1. Training
5.1.2. Research and Testing
Chapter 6. Global Driving Simulator Market Transport Type Insights & Trends Revenue (USD Billion)
6.1. Transport Type Dynamics & Market Share, 2019 & 2027
6.1.1. Car
6.1.2. Truck and Bus
6.1.3. Train
6.1.4. Ships
6.1.5. Aircraft
Continue…!
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