DUBLIN, September 27, 2021--(BUSINESS WIRE)--The "Driving Simulator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Driving Simulator Market size is valued at USD 1.5 billion in 2020 and it is expected to reach USD 5.8 billion by 2026, rising at a market growth of 8.1% CAGR during the forecast period.
Tecknotrove Simulator System Pvt. Ltd
IPG Automotive GmbH
Key Market Trends
Autonomous Vehicle Acts as a Growth Engine for Market
Vehicle manufacturers are investing heavily in 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,
In March 2021, Volvo Group has signed an agreement with NVIDIA to jointly develop the decision-making system of autonomous commercial vehicles and machines. Utilizing NVIDIA's end-to-end artificial intelligence platform for training, simulation, and in-vehicle computing, the resulting system will be designed to handle fully autonomous driving on public roads and highways safely.
In January 2021, General Motors announced they have entered a long-term strategic relationship with Microsoft to accelerate the commercialization of self-driving vehicles. The companies will bring together their software and hardware engineering excellence, cloud computing capabilities, manufacturing know-how and partner ecosystem to transform transportation.
In October 2020, Waymo and Daimler announced that they are forming a strategic partnership to deploy fully driverless trucks. Daimler will integrate Waymo's autonomous driving technology into its fleet of heavy-duty Freightliner Cascadia semi-trailer trucks.
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.
Recently, in May 2021, Austin-based National Instruments announced that they have acquired monoDrive, which specializes in signal processing and hi-fi simulation software for autonomous vehicles and ADAS development.
In September 2020, dSPACE introduced High-Fidelity Vehicle Dynamics Simulation on NVIDIA DRIVE Sim. The dSPACE ASM vehicle dynamics model makes it possible to simulate elements of the car - suspension, tires, brakes all the way to the full vehicle powertrain and its interaction with the electronic control units that power actions such as steering, braking, and acceleration.
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 Tame Tire model, which can calculate the thermal and transient state of tires, in both online and offline simulations.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.2 By Application Type
5.2.2 Testing & 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
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 South Korea
126.96.36.199 Rest of Asia-Pacific
5.4.4 Rest of the World
188.8.131.52 United Arab Emirates
184.108.40.206 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/nibr05
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Laura Wood, Senior Press Manager
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