Driving Simulator Market worth $2.1 billion by 2025 - Exclusive Report by MarketsandMarkets™

1. ___ Driving Simulator Market worth $2.1 billion by 2025 - Exclusive Report by MarketsandMarkets™ NEWS PROVIDED BY MarketsandMarkets 20 Jan, 2021, 04:30 ET  CHICAGO, Jan. 20, 2021 /PRNewswire/ -- According to the new market research report "Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region - Forecast to 2025", published by MarketsandMarkets™, the Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the Driving Simulator Market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing air traf?cs, upcoming high speed train projects, and signi?cant R&D investments in autonomous vehicles. Browse in-depth TOC on "Driving Simulator Market" 126 – Tables 71 – Figures 220 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp? id= 171814690   

2. Europe is expected to be the largest Driving Simulator Market in the forecast Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment has become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI- grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation. Asia Paci?c is expected to be the fastest-growing market during the forecast The Driving Simulator Market is expected to show fastest growth in the Asia Paci?c due to an increase in training programs, passenger traf?c, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traf?c regulations will contribute to the demand for simulators. Request FREE Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id= 171814690   The compact simulator segment is expected to be the largest training simulator type in the forecast Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are 

3. comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic). Players in the Driving Simulator Market like ECA Group, Oktal Sydac, Cruden B.V, and VI- grade design simulator applications for cars, buses, commercial & ?re?ghting trucks, trains, airport vehicles, and police vehicles, which are speci?cally for driver training, rehabilitation, evaluation, and research. Browse Related Reports: ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region - Global Forecast to 2030 Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region - Global Forecast to 2025 About MarketsandMarkets™  MarketsandMarkets™ provides quanti?ed B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top of?cers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. 

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