According to the latest research report titled, “Driving Simulator Market Report (2023 – 2028)” by Mordor Intelligence, the market is estimated at USD 644.03 million in 2023, and growing at a CAGR of 5.27% during the forecast period.
Major automotive manufacturers, tech giants, and start-up companies have invested over USD 50 billion in Autonomous Vehicle development in the last five years, 70% of which came from non-automotive sources. Several vehicle manufacturers are developing autonomous vehicle technology that cannot be achieved without simulators and new players are expected to enter the autonomous vehicle market, these factors are expected to contribute to the growth of the market in the next five years. In September 2022, AB Dynamics PLC acquired Ansible Motion Limited, a leading provider of advanced simulators to the global automotive market. The acquisition was announced for a total fee of pound 31.2 million, which comprises a pound 19.2 million initial consideration and a pound 12 million payments subject to meeting certain performance criteria.
Report Summary
- Market Size (2023): USD 644.03 Million
- Market Size (2028): USD 832.58 Million
- CAGR (2023 – 2028): 5.27%
- Study Period: (2018-2028)
- Fastest Growing Market: Asia-Pacific
- Fastest Growing Market: Europe
- Forecast Units: Value (USD Million)
- Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends
Which are the Top Companies in the Driving Simulator Market?
There are several active players in the driving simulator market, ranging from well-known incumbents to emerging startups. A few of the leading players in this market include Cruden BV, AutoSim AS, AVSimulation, and Ansible Motion. In May 2022, Ansible Motion unveiled all the specifications for the production Delta series S3 Driver-in-the-Loop (DIL) simulator, which is intended to validate the technologies required to enable the emerging electrification trends, autonomy, driver assistance, as well as HMI and vehicle dynamics. Prominent players in the driving simulator market are:
- AutoSim AS
- AVSimulation
- VI-grade GmbH
- Ansible Motion Ltd
- Cruden BV
- Tecknotrove Simulator System Pvt. Ltd
- IPG Automotive GmbH
- AB Dynamics PLC
- Virage Simulation
- XPI Simulation
- FAAC Incorporated
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Key Highlights from the Driving Simulator Market Report
1. Autonomous Vehicle Acts as a Growth Engine for the Market
- At the CommunicAsia 2022 trade show, MORAI, a Korean company that creates simulation technology for autonomous vehicles, demonstrated its MORAI SIM Drive, a “true-to-life autonomous vehicle driving simulator.” As an autonomous vehicle and autonomous system, MORAI develops simulation tools and solutions.
MORAI SIM Drive automates building virtual environment and offers accurate network representation with HD map and a high-performance 3D graphic engine (Unity).
- Vehicle manufacturers are investing heavily in autonomous car technology and entering partnerships to develop the best autonomous vehicle, as autonomous vehicles require enormous data collecting and processing.
- The entire data is shared between IoT-connected cars and uploaded wirelessly to a cloud system to be analyzed and used to improve automation.
- In April 2022, VI-grade announced its complete installation and commissioning of one of the compact simulators at the Ford Motor Research and Engineering Center in Nanjing, China.
- Continental AG joined the CITY (Automated Driving in Urban Areas) project in June 2022. The project focused on human-machine interface (HMI), intelligent crossings, special driving functions for inner city intersections, and obstacles.
2. Europe Holds a Significant Market Share
The German driving simulator market is booming due to various investments and purchases ensured by utility partners. For instance, in April 2022, simulation and driving simulator developer VI-grade announced that an extended version of its DiM250 Dynamic simulator had been adopted by long-standing customer Honda.
Several utility platforms and companies understand the deep readiness of driving simulators and thus actively invest in research and technologies to come up with advanced and reliable stimulation solutions. In May 2022, Thales, based in France, completed its acquisition of Switzerland’s RUAG Simulation and Training (RUAG S&T). All 500 RUAG Simulation and Training (RUAG S&T) employees have transferred to Thales, which employs approximately 900 people. Thales is now one of Europe’s leading companies in the development and supply of simulation and training for the military, as brought to users by Uniwest. RUAG S&T made around €90 million (US$94.5 million) in sales last year.
What are the Latest Developments in the Driving Simulator Market?
- In May 2023: BharatBenz launched India’s first truck driver training simulator. Daimler India Commercial Vehicles (DICV), the parent company of BharatBenz, has launched a truck driver training simulator specifically designed for heavy truck drivers, in a first for the Indian market.
- In December 2022: Tecknotrove Simulator System Pvt. Ltd launched the TechnoSIM forklift training simulator at a logistic and material handling expo in Chennai, India.
Mordor Intelligence Report on the Driving Simulator Market segments the market based on product type, application, and geography:
- By Vehicle (Market Size & Forecast based on Value (USD Million), 2023-2028)
- Passenger car
- Commercial Vehicle
- By Application (Market Size & Forecast based on Value (USD Million), 2023-2028)
- Training
- Testing and Research
- By Simulator (Market Size & Forecast based on Value (USD Million), 2023-2028)
- Compact Simulator
- Full-scale Simulator
- Advanced Simulator
- By Geography (Market Size & Forecast based on Value (USD Million), 2023-2028)
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of the Asia-Pacific
- Rest of the World
- Brazil
- United Arab Emirates
- Other Countries
In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the Driving Simulator industry. Get a glance at the Driving Simulator Market Report (2023 – 2028)
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