Driving Simulator Market Share

Europe Market Forecast

The driving simulator market in Europe is projected to be the largest with a share of about 33% by the end of 2037. The growth of the market can be attributed majorly to the presence of leading automotive manufacturers in the region. In addition, these manufacturers are using driving simulator in order to test the performance of the vehicles, and it is anticipated to rise the growth of the market in the region. Moreover, there has been the adoption of new technologies in the form of automated parking systems, connected cars, and others that are further expected to expand the market’s growth in the region.  It is projected that more than 40 percent of all the vehicles in operation in the Europe region could have advanced or basic connectivity by the end of 2037. In addition, there has been a surge in the investment by the vehicle companies for research and development in vehicle sector to advance the cars in relation to various features such as ADAS. Hence, it is anticipated to rise the market’s growth in the region.

North American Market Forecast

The North America driving simulator market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the strict adoption of environmental norms in relation to emissions. These norms lead to the requirement for changes in the engines that will be checked through the driving simulator. In addition, the vehicles with the clearing report for the emissions will have more demand in the consumers. Therefore, it is expected to surge the growth of the market in the region. Furthermore, the rising support from the government for autonomous cars is further anticipated to surge the growth of the market in the region. The United States has implemented a net zero emissions till the year 2050.

APAC Market Statistics

Further, the driving simulator market in the Asia Pacific is projected to witness the fastest growth by the end of 2037. The growth of the market can be attributed majorly to the increasing frequency of the increasing training centers, followed by the rising population in countries such as China, and India. Moreover, the emerging countries attract more manufacturers for the manufacturing of the products, as the raw material and labor costs are low in the countries. In addition, the growing research and development operations in the Asia Pacific region for the better performance of the vehicles are further predicted to increase the market’s growth in the region during the forecast period.