Driving Simulator Market Size Worth $2.5+ Bn, Globally, by 2028 at 4.6% CAGR - Increasing Need for Skilled Driver and Driving Safety Precautions, Simulation for Training Autonomous Vehicle Driving Systems Algorithm | The Insight Partners

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Driving Simulator Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Simulator Type, Vehicle Type, End User, and Geography," the global driving simulator market size is projected to reach USD 2.64 billion by 2028 from USD 1.95 billion in 2021; it is estimated to grow at a CAGR of 4.6% from 2022 to 2028.

Download Sample PDF Brochure of Driving Simulator Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00004985/

Global Driving Simulator Market Report Scope, Segmentations, Regional & Country Scope:

Browse key market insights spread across 174 pages with 83 list of tables & 82 list of figures from the report, "Driving Training Simulator Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Simulator Type (Compact Simulator and Full-Scale Simulator), Vehicle Type (Car Simulator, Truck and Bus Driving Simulator, and Others), End User (Driving Training Center, Automotive OEM, and Others)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/driving-training-simulator-market

Global Driving Simulator Market: Competitive Landscape and Key Developments

Autosim AS, Cruden B. V., Dallara, ECA GROUP, IPG Automotive GmbH, Moog Inc., NVIDIA Corporation, Tecknotrove, and VI-grade GmbH are among the key players in the driving training simulator market. The leading companies are focusing on expanding and diversifying their market presence and acquiring a new customer base, thereby tapping prevailing business opportunities.

In January 2022, VI-grade—the simulation and driving simulator company that accelerates product innovation by bridging the gap between simulation and physical testing—and Stackpole Engineering Services, a leading full-service provider of engineering solutions to tire and vehicle OEMs and suppliers, announced their strategic partnership. This partnership will significantly advance the companies' research and development efforts in the areas of tire testing, tire modeling, and simulation application.

Driving training simulators are frequently used to train drivers globally. On these training simulators, a trainee can practice all the driving circumstances that might arise while driving. Driving in traffic or on any highway can be practiced. Users learn how much to turn the steering wheel or how much to apply the brakes.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00004985/

There is a rise in demand for professional drivers due to increased traffic accidents, air traffic, upcoming high-speed train projects, and considerable R&D investments in autonomous cars. This, in turn, fuels the market's growth in developed and developing nations. Expansion of airports and air traffic projects around the globe, simulators for police and emergency vehicles, and the rapid development of autonomous and semiautonomous cars are anticipated to boost the market's growth during the forecast period. However, challenges in real-time control, the lack of norms and standards, and the integration's complexity could hinder the development of the driving training simulator market.

For various stages of vehicle testing, driving training simulators are becoming increasingly popular in the automotive and related industries. Engineers and researchers are currently utilizing this technology to get a realistic impression of a vehicle's overall performance in a virtual environment, assisting in bettering vehicle design and system performance. Flight simulators are also utilized in the military and aviation industries to train pilots to operate both civilian and armed forces aircraft.

Impact of COVID-19 Pandemic on Driving Training Simulator Market:

In April and May 2020, the European exports and imports of electronic components and other automotive components decreased due to the COVID-19 pandemic. The automotive sector was hit hard. OEMs announced further delays in the production of auto parts, such as steering wheels and brake pedals, and vehicle sales plummeted in the region. In 2020, vehicle production in Europe dropped by more than one-fifth compared to 2019, according to an IMF report. The auto sector was challenged by the rising demand for semiconductors due to a rise in the production of electronic parts and supply chain disruptions. All these factors disturbed the driving training simulator market in Europe. Nevertheless, people leveraged on to driving simulation for educational and entertainment purposes, which balanced the market growth to some extent.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPRE00004985

Integration of Virtual Reality in Driving Simulators:

A driving simulator is a technology that provides a realistic driving experience in a virtual environment. Virtual reality driver training has proven to teach drivers specific skills using a fully immersive climate only VR can offer. For instance, in 2022, Alstom developed a VR-based simulator primarily to enable drivers and crew to receive training on operating a new rolling stock product, whether on an existing, modified, or new transportation system. Training many people quickly, especially when the product may not yet be accessible, is difficult for both customers and operators. This is made possible safely using a driving simulator. One can use a simulator to show any product or train system's safety.

Furthermore, in 2021, the debut of Apex Officer Drive—a virtual reality driving simulator for police and law enforcement organizations—was announced by Apex Officer, the top supplier of training simulators for law enforcement, the military, and first responders. The philosophy and principles of defensive driving in emergency and non-emergency circumstances are emphasized in Apex Officer's EVOC and police driving simulators to improve vehicle safety operations.

Thus, the integration of VR in driving training simulators is projected to emerge as the most notable future trend in the driving training simulator market over the forecast period.

Driving Training Simulator Market: Simulator Type Overview

Based on simulator type, the driving training simulator market is bifurcated into compact simulator and full-scale simulator.

Quickly Purchase Premium Copy of Driving Simulator Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00004985/

Go through further research published by The Insight Partners:

Gaming Simulators Market - The global gaming simulators market size was valued at US$ 3,526.3 million in 2017 and is projected to reach US$ 7,562.1 million by 2025; it is expected to grow at a CAGR of 10.2% during 2018-2025.

Patient Simulators Market - The global patient simulators market size is expected to reach US$ 2,373.1 Mn in 2025 from US$ 694.6 in 2017. The market is estimated to grow with a CAGR of 16.8% from 2018-2025.

Drone Simulator Market - The global drone simulator market size is expected to grow from US$ 615.66 million in 2021 to US$ 1,435.14 million by 2028; it is estimated to grow at a CAGR of 12.9% during 2021–2028.

Radar Simulator Market - The global radar simulator market size is projected to reach US$ 2428.34 million by 2028 from US$ 1769.86 million in 2021; it is expected to grow at a CAGR of 4.9% from 2022 to 2028.

GMP Cytokines Market - The global GMP cytokines market size is expected to reach US$ 158.13 million in 2027 from US$ 84.72 million in 2019; it is estimated to grow at a CAGR of 8.1% from 2020 to 2027.

Seam Welding Machine Market - The global seam welding machine market size was valued US$ 1,142.87 million in 2022, it is estimated to grow at a CAGR of 4.0% from 2022 to 2028.

Nasal Irrigation Devices Market - The global nasal irrigation devices market size was valued US$ 289.30 million in 2021, it is estimated to grow at a CAGR of 18.1% from 2022 to 2028.

Laboratory Information System (LIS) Market - The global laboratory information system (LIS) market size was valued US$ 1,104.27 million in 2021, it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.

Arbitrary Waveform Generator Market - The global arbitrary waveform generator market size is expected to grow from US$ 355.3 million in 2021 to US$ 624.4 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Virtual Pipeline Systems Market - The global virtual pipeline systems market size is projected to reach US$ 1,886.83 million by 2028 from US$ 1,191.59 million in 2022; the virtual pipeline systems market is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

Lithium Compounds Market -The global lithium compounds market size is expected to grow from US$ 6.3 billion in 2021 to US$ 25.1 billion by 2028; it is estimated to grow at a CAGR of 22.0% between 2022 and 2028.

Commercial Greenhouse Market - The global commercial greenhouse market size is expected to grow from US$ 38 billion in 2022 to US$ 62 billion by 2028; it is anticipated to grow at a CAGR of 8.4% from 2022 to 2028.

Smart Coatings Market - The global smart coatings market size is expected to grow from US$ 5.5 billion in 2021 to US$ 23.1 billion by 2028 at a CAGR of 24.2% between 2022 and 2028.

Self-healing Materials Market – The global self-healing materials market size is expected to grow from US$ 435 million in 2021 to US$ 2,100 million by 2028 at a CAGR of 27% between 2022 and 2028.

Microencapsulation Market - The global microencapsulation market size accounted for ~US$ 7.5 billion in 2021 and is projected to reach US$ 17.5 billion by 2028; it is estimated to grow at a CAGR of 11.2% between 2022 and 2028.

Coconut Derivatives Market - The global coconut derivatives market size accounted for approximately US$ 14 billion in 2022 and is projected to exceed US$ 23 billion by 2028; it is anticipated to grow at a CAGR of 9.2% between 2022 and 2028.

Biopesticides Market - The global biopesticides market size is expected to grow from US$ 4,600 million in 2022 to US$ 14,000 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.

Bioethanol Market – The global bioethanol market size is expected to grow from US$ 110 billion in 2022 to more than US$ 190 billion by 2028 at a CAGR of 9.5% between 2022 and 2028.

Bioadhesives Market - The global bioadhesives market size is expected to grow from US$ 700 million in 2022 to US$ 1080 million by 2028; it is estimated to grow at a CAGR of 7.5% between 2022 and 2028.

Bioactive Materials Market -The global bioactive materials market size is expected to grow from US$ 2,000 Million in 2022 to US$ 5,500 Million by 2028, with an estimated CAGR of 13.0% from 2022 to 2028.

Advanced Composites Market - The global advanced composites market size is expected to grow from US$ 36.1 billion in 2021 to US$ 68.9 billion by 2028; it is expected to grow at a CAGR of 9.1% from 2022 to 2028.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com 
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/driving-training-simulator-market
Industry Research: https://www.openpr.com/news/archive/139407/The-Insight-Partners.html

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg