Worldwide Driving Simulator Industry to 2025 - Autonomous Vehicles are Driving Growth - ResearchAndMarkets.com

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The "Driving Simulator Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The driving simulator market is anticipated to register a CAGR of about 5% during the forecast period (2020 - 2025).

Companies Mentioned

  • AutoSim AS

  • AVSimulation

  • VI-grade Gmbh

  • Ansible Motion

  • Cruden BV

  • Tecknotrove Simulator System Pvt. Ltd

  • IPG Automotive GmbH

  • CAE Value

  • Virage Simulation

  • XPI Simulation

Key Market Trends

Autonomous Vehicle Acts as a Growth Engine for Market

Vehicle manufacturers are investing heavily in the autonomous car technology and entering partnerships to develop the best autonomous vehicle as autonomous vehicles require an enormous quantity of data collecting and processing. The entire data is shared between IoT connected cars and is uploaded wirelessly to a cloud system to be analyzed and used for improving automation. For instance,

BMW Group invested around USD 110 million for a new driving simulation center in Munich. It is the company's most advanced facility for the development of autonomous driving systems. BMW group research is expecting to start working on the premises by 2020.

In 2019, the FCA Automotive Research and Development Centre inaugurated a new Vehicle Dynamics Simulator lab, which features a VI-grade DiM250 simulator. The new system uses nine actuators to perform all motion of a vehicle.

North America is Expected to Lead the Market

North America is led by the United States, which is one of the most technologically superior markets in the world. There is rapid growth for Level 2 and Level 3 autonomous cars in this region, equipped with advanced driver assistance systems, like collision detection, lane departure warning, and adaptive cruise control. The other upper-level autonomous cars are also gaining support from governments and various companies, which are working together on different projects of automated driving systems technology.

In 2019, the US Department of Transportation granted USD 60 million for projects related to vehicle automation to the state departments of transportation and research institutes. In this total amount, eight grants were given to seven recipients.

In that, USD 7.5 million was granted to the University of Michigan and the American Center for Mobility, a connected vehicle testing facility in southeast Michigan. The grant will support research, development, and testing at the facilities of ACM and the University of Michigan.

On the other hand, in January 2020, Michelin installed an Ansible Motion Driver-in-the-Loop simulator at its North America R&D center. The company has developed the TameTire model, which can calculate the thermal and transient state of tires, in both online and offline simulations.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Industry Attractiveness - Porter's Five Forces Analysis

4.3.1 Threat of New Entrants

4.3.2 Bargaining Power of Buyers/Consumers

4.3.3 Bargaining Power of Suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Vehicle Type

5.1.1 Passenger Car

5.1.2 Commercial Vehicle

5.2 By Application Type

5.2.1 Training

5.2.2 Testing

5.2.3 Research

5.3 By Simulator Type

5.3.1 Compact Simulator

5.3.2 Full-scale Simulator

5.3.3 Advanced Simulator

5.4 By Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Rest of North America

5.4.2 Europe

5.4.2.1 Germany

5.4.2.2 United Kingdom

5.4.2.3 France

5.4.2.4 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 India

5.4.3.2 China

5.4.3.3 Japan

5.4.3.4 South Korea

5.4.3.5 Rest of Asia-Pacific

5.4.4 Rest of the World

5.4.4.1 Brazil

5.4.4.2 United Arab Emirates

5.4.4.3 Other Countries

6 COMPETITIVE LANDSCAPE

6.1 Vendor Market Share

6.2 Company Profiles

6.2.1 AutoSim AS

6.2.2 AVSimulation

6.2.3 VI-grade Gmbh

6.2.4 Ansible Motion

6.2.5 Cruden BV

6.2.6 Tecknotrove Simulator System Pvt. Ltd

6.2.7 IPG Automotive GmbH

6.2.8 CAE Value

6.2.9 Virage Simulation

6.2.10 XPI Simulation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/u5jxqw

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005834/en/

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