Driving Simulator Market Booming by Top Players Mechanical Simulation Corporation, Cruden B.V. ECA GROUP

1. Driving Simulator Market Booming by Top Players Mechanical Simulation Corporation, Cruden B.V. ECA GROUP The Driving Simulator Market is expected to grow from USD 1.7 billion in 2019 to reach USD 2.4 billion by 2025, at a CAGR of 6.32%. OEMs are investing huge amounts in research & testing application worldwide leading to continuous advancements in simulation technologies. The growing trend of using driving simulators and continued improvement in simulation are among the major factors responsible for the expected advancements in the driving simulator market. The continuous growth in research & testing of advanced components by manufacturers and OEMs in the automotive industry is further anticipated to boost the driving simulator market. In 2018, IPG Automotive introduced the RDX Test Generator that enabled early RDE tests with virtual test driving. The RDX Test Generator as an add-on for the simulation solutions of the CarMaker product enabled the straightforward generation of reproducible real driving test scenarios, taking adjustable driver behavior and traffic density into account. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=171814690 In vehicle type, the car simulator segment is estimated to be the largest driving simulator market. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the driving simulator market for car simulators. Asia Pacific is estimated to be the fastest growing driving simulator market during the forecast period, as the region has emerged as a hub for automobile production. The growing purchasing power of consumers in this region has triggered the demand for automobiles. Cost advantages for OEMs, low automobile penetration levels, and increased vehicle production offer attractive market opportunities for OEMs to construct research facilities in this region. The Asia Pacific region is also home to key automotive OEMs such as Toyota, Honda, and Hyundai. The North American region is the largest driving training simulator market. Technological advancements and stringent traffic regulations for driving safety have increased the use of driving training simulator market. Governments, as well as private manufacturers, are focusing on installing driving simulators to reduce the number of accidents, decrease the fuel cost, and increase the driver’s

2. safety. Most countries have taken stringent measures to avoid the number of accidents, by installing driving simulators in various private and government driving schools. View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/driving-simulator- market-171814690.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified 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 officers 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. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com