AUTOMOTIVE DRIVING SIMULATOR MARKET ANALYSIS

Regional Analysis

North America held dominant position in the automotive driving simulator market in 2017

On the basis of region, the global automotive driving simulator market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America held the dominant position in the automotive driving simulator market in 2017 and is projected to retain its dominance over the forecast period. In 2017, North America generated a revenue of US$ 56.6 million and is expected to reach US$ 70.2 million in 2025, with a CAGR of 2.7% over the forecast period. U.S. and Canada are major economies driving growth of the automotive driving simulator market in this region. The government support to encourage utilization of driving simulators to avoid accidents and improve infrastructure to support these advanced technologies is expected to fuel growth of the market. For instance, in 2017, the National Advanced Driving Simulator (NADS) at the University of Iowa, conducted a study of automated driving as a part of SAFER-SIM University Transportation Center research project. The Center is known for promoting interdisciplinary research using simulation techniques to handle safety issues prioritized by the United States Department of Transportation.

Moreover, increasing research and development projects for advanced technologies such as autonomous vehicle development and connected cars is also driving growth of the automotive driving simulator market in this region.