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Driving Simulator Market Worth $6.1 Billion By 2027 – Growing Demand For Advanced Driving Assistance Systems, Are Expected To Drive The Market | Grand View Research Inc.

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Driving Simulator Market Worth $6.1 Billion By 2027 – Growing Demand For Advanced Driving Assistance Systems, Are Expected To Drive The Market | Grand View Research Inc.

February 11
12:26 2021
Driving Simulator Market Worth $6.1 Billion By 2027 - Growing Demand For Advanced Driving Assistance Systems, Are Expected To Drive The Market | Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., the increase in research and development activities emphasizing the development of autonomous vehicles along with advanced driving assistance systems is expected to drive the market growth in the coming years.

According to a report, “Driving Simulator Market Size, Share & Trends Analysis Report By Simulator Type (Compact, Full-scale, Advanced), By Application, By End Use (Automotive, Marine, Aviation), By Region, And Segment Forecasts, 2020 – 2027”, emergence of autonomous vehicles across the world is likely to encourage a huge market growth in the coming years. 

Increasing in traffic, congestion and the demand for efficient driving skills is expected to upsurge the demand for driving simulator market. Moreover, simulators are widely used across automotive industry with an objective to assess real-time performance of vehicles in a controlled environment. This, driving simulators have gained a huge importance in the automotive market as the demand for advanced driving assistance system advances.

From OEM standpoint, driving simulators are influential to highlight the vehicle’s capabilities and encourage the test performance of the vehicle. It also helps the driver to understand road and traffic conditions. The demand for driving simulator is high due to its features such as cruise control, collision avoidance systems, automatic parking system, and blind-spot monitor. Automotive companies across the globe are initiating various developments such as lane departure warning, and minimum impact in the event of vehicle collision, etc.

Global driving simulator market size, by simulator type, 2016 - 2027 (USD Billion)

Driving simulator Market Report Highlights:

The full-scale simulator type segment held a major share of approximately 41% in 2019 owing to its lower cost as compared to other types

By application, the research and testing segment dominated the driving simulator market in 2019 and is expected to expand at the highest CAGR during the forecast period owing to the advent of autonomous vehicles in the market

Based on end use, the aviation segment held a major share in 2019 owing to the increased air traffic and growing safety concerns among passengers

Europe accounted for the largest share in 2019, followed by North America. Presence of major automotive manufacturers is driving the regional market

“Would you Like/Try a Sample Report” Click the link below:https://www.grandviewresearch.com/industry-analysis/driving-simulator-market/request/rs1

Grand View Research has segmented the global driving simulator market on the basis of simulator type, application, end use, and region:

Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027)

Compact

Full-scale

Advanced

Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)

Research & Testing

Training

Motor Sports & Gaming

Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)

Automotive

Marine

Aviation

Driving Simulator Regional Outlook (Revenue, USD Million, 2016 – 2027)

North America

U.S.

Canada

Europe

U.K.

Germany

France

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Middle East & Africa (MEA)

List of Key Players in Driving simulator Market:

Thales Group

L3 Technologies Inc

Bosch Rexroth AG

Anthony Best Dynamics Limited

CAE Inc

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/450214/ibb

Browse Related Report @

Autonomous Mobile Robots Markethttps://www.grandviewresearch.com/industry-analysis/autonomous-mobile-robots-market

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About Grand View Research

Grand View Research is a market research and consulting company based in the State of California with headquarters in San Francisco. The company offers consulting services tailored for business organizations to assist them with understanding and exploring their potential on a large scale. At the same time, Grand View Research caters to the individual research needs to provide a customized research service.
Grand View Research is fully committed to offer the best research services in the Industry. Our dedicated team of experienced analysts offer full capability and potential to precisely understand your research needs.

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