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Motion Simulation Market worth $45.72 Billion by 2020
According to the new market research report "Motion Simulation Market by Type (Hydraulic and Actuator), Degree of Freedom (Two DOF, Three DOF, and Six DOF), Application (Automotive, Defense, Entertainment, Healthcare, Mining, R&D, Sports, and Textile), and Region - Forecast to 2020", the motion simulation market is estimated to reach $45.72 billion by 2020, at a CAGR of 6.97% between 2015 and 2020.
Browse 73 market data tables and 65 figures spread through 150 pages and in-depth TOC on “Motion Simulation Market - Forecast to 2020"
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The motion simulation systems are used increase safety, eliminate accidents, and to train operators to face real life situations with the help of simulators. Motion simulation systems are implemented in various applications such as automotive, defense, entertainment, healthcare, and mining. The motion simulation market is expected to grow at a CAGR of 6.97% between 2015 and 2020. It is segmented on the basis of type into hydraulic and actuators. The market is also segmented according to degree of freedom into two DoF, three DOF, and six DoF. This report includes the human motion simulation market, which has been separately analyzed on the basis of its applications, including automotive, defense, research and development, sports, and textile. The human motion simulation market, also termed as digital human modeling (DHM), is expected to grow rapidly during the forecasted period.
The report includes a brief description of the factors driving and restraining the growth of the market as well as its opportunities and challenges. The factors driving the market include stringent regulation in the aviation industry for simulated training, huge opportunity for cost saving, growing emphasis on patient safety, and digitization of the human body structure. The huge research and development requirement and the availability of limited funding for healthcare systems are the factors restraining the development of the motion simulation market. The high cost of implementation of motion simulation systems presents a major challenge for the market.
This report gives a detailed view of the market across regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America dominates the motion simulation market with the highest market share of ~56% in 2014; it is expected to grow at a CAGR of 5.50% between 2015 and 2020. Similarly, North America dominates the human motion simulation market with a high market share of ~40% in 2014. However, the Asia-Pacific and RoW markets for human motion simulation are expected to grow at high CAGRs of 11.73% and 11.24%, respectively, between 2015 and 2020.
The major players involved in the development of the motion simulation market include CAE Inc. (Canada), Moog Inc. (U.S.), Siemens AG (Germany), Dassault Systems SA (France), Laerdal Medical AS (Norway), Human Solutions GmbH (Germany), Bosch Rexroth AG (Germany), Exponent Inc. (U.S.), SantosHuman Inc. (U.S.), and Thoroughbred Technologies (Pty) Ltd. (South Africa).
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