More than 90% of the road accidents globally are caused due to human error. This alarming statistic is propelling the requirement for driving simulators in the transportation and government sectors. In addition, the rising requirement for logistics and shared mobility services is leading to a strong need for trained drivers. A driving simulator offers training to new and existing drivers by providing a virtual environment powered by AR or VR, with the ultimate aim to make road transportation efficient and safe for drivers, passengers, and everybody else on the road.
Within the simulator type segment of the driving simulator market, the compact simulator category held the largest share in the past. This category is also expected to maintain its dominant position in the coming years. It is attributed to the surging utilization of compact driving simulators for training people on various automobiles, such as off-highway vehicles, cars, vans, and buses. This makes the work of transportation and logistics firms and government agencies easier, as just one system fulfills multiple purposes.
Moreover, as per the EU, “In 2019, around 22 800 persons were killed in road accidents in the EU: 44.2 % of the fatalities were passenger car drivers or passengers.” Therefore, autonomous cars are trending in the driving simulator market. Various automotive component manufacturers are investing in the development of the sensors and processors used in autonomous vehicles. Hence, automotive OEMs are using driving simulators for testing the capabilities as well as performance of these components. These systems offer realistic road and weather conditions, which is boosting the development of autonomous vehicles.
Moreover, sales of driving simulators are growing rapidly in the APAC region as well. China, Japan, and India are among the countries with the highest number of automobiles in use. Moreover, as per the WHO, more than 90% of the road fatalities are accounted for by developing countries, which currently characterize the economy of the region. Therefore, there is a strong need for better training to those driving passenger and commercial vehicles, which is essentially set to lead to a high demand for driving simulators.
Therefore, the growing need to ensure more road safety will boost the demand for driving simulators in the coming years..
Discover the latest market trends and projections for the driving simulator industry