LONDON–(BUSINESS WIRE)–The global automotive driving simulator market to register an incremental growth of USD 123.65 million, witnessing a CAGR of about 2% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive driving simulator market in optimistic, probable, and pessimistic forecast scenarios.

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The automotive driving simulator market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.

Automotive Driving Simulator Market 2020-2024: Vendor Analysis

The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater a larger target audience during the pandemic. With rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.

Major Automotive Driving Simulator market participants are

  • Ansible Motion Ltd.
  • AutoSim AS
  • CAE Inc.
  • Cruden
  • Dallara Group Srl
  • Mechanical Simulation Corp.
  • Moog Inc.
  • MTS System Corp.
  • NVIDIA Corp.
  • OKTAL SYDAC

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Automotive Driving Simulator Market 2020-2024: Segmentation

Automotive Driving Simulator Market is segmented as below:

  • Application
    • Research and development
    • Training

Research and development will account for the largest share. OEMs, suppliers, and universities are the major end-users in the market.

  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

North America region will account for the highest incremental growth during the forecast period due to the growth in the demand for licensed drivers.

The automotive driving simulator market is driven by development of autonomous vehicles and development of stratiform machines to supplant hexapod machines in automotive DIL simulation applications, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Consumer Discretionary industry.

For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Consumer Discretionary section

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Research and development – Market size and forecast 2019-2024
  • Training – Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Ansible Motion Ltd.
  • AutoSim AS
  • CAE Inc.
  • Cruden
  • Dallara Group Srl
  • Mechanical Simulation Corp.
  • Moog Inc.
  • MTS System Corp.
  • NVIDIA Corp.
  • OKTAL SYDAC

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.