Driving Simulation Market Trends

Growth Drivers

• Growing Autonomous Vehicles Trend Among People– As per the estimates, there was more than 34 million autonomous vehicles around the world in the year 2020. On account of the increasing prevalence of manufacturers investing in the research and development of different components for the autonomous cars. This is one of the factors that is expected to boost the growth of the global driving simulation market.
• Rising Adoption of Driving Simulation in the Entertainment Industry– In the gaming industry, driving simulations are used for the super coolest cars, boats, and motorcycles games. Hence, it is projected to increase the market’s growth over the forecast period.  According to the data, more than 2.5 billion people around the world play video games.
• Increasing Opening of Training Centers– Driving simulations are used in training centers to provide training to the learners in order to give them real time environment. In the initial stages, it is difficult for learners to drive directly on the road owing to strict norms, and traffic. In addition, the real car parts are installed in a correct position in the driving simulation cabin, that are developed under professional guidance. Therefore, increasing the number of training centers is predicted to surge the growth of the market. There are more than 4,000 driving centers in India. Moreover, the driving licenses issued in the year 2019 was accounted to more 10 million.
• Growing Development of New Advancements in Vehicles – There are development of new cars owing to the various features such as automatic parking, adaptive cruise control, blind spot monitor and others. In addition, the development of new cars requires the new cars to test on simulations in order to check the performance of the cars. Therefore, it is expected to rise the growth of the market in the upcoming years. Furthermore, the operations of the electric cars are different from those of traditional vehicles, that requires the use of a driving simulation. For instance, more than 6 million electric cars were sold in the year 2022 around the world.

Challenges

• Lack of Infrastructure that is Needed for the Driving Simulations Establishment – There has been a lack of infrastructure in the developing countries for the driving simulation. In addition, the infrastructure designed for driving simulations ais not able to test different types of vehicles. Moreover, the manufacturers are not able to detect the defects after putting the vehicle through a test. Therefore, it is predicted to hamper the growth of the market over the forecast period.
• High Cost for the Training in the Driving Training Centers
• Low Fidelity Simulations May Evoke Unrealistic