Driving Simulator Market

New Products, Adopted Expansion Strategies, and Undertook Collaborations, Partnerships, and Mergers & Acquisitions to Gain Traction in the Driving Simulator Market

The driving simulator market is projected to reach USD 2.4 billion by 2025 from an estimated USD 1.7 billion in 2019, at a CAGR of 6.32% during the forecast period. The base year for the report is 2018, and the forecast period is from 2019 to 2025. The growth of the driving simulator market is influenced by factors such as shortage of skilled drivers, increased focus on R&D activities, cost saving opportunities, and the growing number of automobile enthusiasts in Europe and North America. Additionally, increased sensitivity toward driving safety is expected to boost the driving simulator market.

The major driving simulator manufacturers include Mechanical Simulation Corporation (US), Cruden B.V. (Netherlands), ECA Group (France), Moog (US), and Oktal (France). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth automotive driving simulator market.

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Mechanical Simulation Corporation is one of the leading players in the driving simulator market. The company is continuously delivering new technologies in the driving simulator market. Cruden B.V. is the second largest player in the driving simulator market, followed by ECA Group, Moog, and Oktal. In 2019, Mechanical Simulation announced the release of the 2018.1 versions of its vehicle dynamics simulation tools-CarSim, TruckSim, and BikeSim. The new versions were improved with scenario-building tools and supporting resources. The company offers vehicle dynamics models used in more than 1,400 driving simulators. It has a strong market presence with customers such as Honda, Hitachi, Lord, Bose, Hyundai, Ford, Tata, Toyota, and Denso.

Another important player in the industry is Moog. In January 2019, Moog Space, Defense Group, and Unibap AB entered into an agreement for Moog to market Unibapís AI processing technology to the US market. The agreement covers Unibapís core space technology-processor board architecture, processor boards, and software-to enable advanced computing for AI applications. The agreement is for 4 years with an option for extension.

Related Reports:

Driving Simulator Market by Simulator Type (Driving Training Simulator & Advanced Driving Simulator (Autonomous)), Vehicle Type, Application (Research & Testing and Training), Training Simulator Type, & Region - Global Forecast to 2025

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Report Code
AT 6986
RI Published ON
3/15/2019
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