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Immersive Simulator Market : Market Leader
Immersive simulator is used in various industries such as automotive, food and beverages, oil and gas, chemicals, medical, and entertainment, among others to provide industrial simulation training to operators. Immersive simulator training helps the user to increase productivity and efficiency while increasing the safety of people, assets, and plants by minimizing human intervention. The immersive simulator market is estimated to be worth USD 11.44 Billion by 2022, at a CAGR of 35.13% between 2016 and 2022. The growth of this market is majorly driven by the process industries support training program.
The key market players such as Applied Research Associate Inc., (U.S.), Aveva Group Plc, (U.K.), ESI Group (France), Immerse Learning, (U.S.), Schneider Electric SE. (France), and Siemens AG (Germany), among others are focusing on strategies of new product launches and developments, acquisitions, and collaborations to enhance their product offerings and expand their business.
Siemens AG largely focuses on the innovation of new technologies to meet future demands in accordance with demographical changes, urbanization, climate change, and globalization. The company is well known for its dedication toward technology, innovation, sustainability, and persistent quality. The company recently launched Simit 9 software for plant operational training. The company is also expected to acquire CD-Adapco, a simulation software provider company, to expand its digital business and expand its product portfolio in the business software industry. The company launched the updated product of COMOS 10.2 version for higher software performance, increased speed, and greater efficiency.
AVEVA Group plc is a British company involved in the software and computer service sector, holding a strong position in most of the markets it serves. Despite its slow initial growth, AVEVA AVP is now gaining traction on an international scale. AVEVA mainly focuses on investments in innovations, which makes it an industry leader. In the immersive training simulation market, AVEVA AVP finds major applications in the oil industry. In the near future, the company is expected to continue with investments in research and development (R&D) to boost its business growth in immersive simulation.
The other companies in the immersive simulator market are Designing Digitally Inc. (U.S.), Mass Virtual Inc., (U.S.), Samahnzi (Pty) Ltd., (South Africa.), and Talent Swarm (Spain).
Immersive Simulator Market by Simulation Environment (Console Operator, Field Operator), Offering (Hardware, Software & Services), Application (Training, Product Development, Emergency Services), Industry, and Geography - Global Forecast to 2022
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