LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global automotive driving simulator market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global automotive driving simulator market for 2017-2021 provides a detailed industry analysis based on end-user (training, entertainment, and R&D) and geography (the Americas, EMEA, and APAC).
Driving simulators, or sims, are a class of human-machine interfaces (HMIs), which are used to imitate the exact or near-exact conditions prevalent during driving. The global automotive driving simulator market is projected to be worth USD 134.9 million by 2021, with the Americas generating maximum revenue.
Request a sample report: http://www.technavio.com/request-a-sample?report=57114
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The top three emerging trends driving the global automotive driving simulator market according to Technavio automotive research analysts are:
- Creation of low-cost simulators for testing and evaluating in-vehicle technologies
- Increased use of driving simulators for mainstream automotive design
- Advent of reconfigurable driving simulation in the automotive space
Creation of low-cost simulators for testing and evaluating in-vehicle technologies
Siddharth Jaiswal, a lead analyst at Technavio for automotive manufacturing research talks about the emergence of mid-range simulators in the market. He says, “Driving simulators with single displays, which were introduced initially, are making a comeback. These affordable sims find a larger audience, which is responsible for generating significant revenue to the market.”
The Mitsubishi Electric Research Labs' driving simulator, a medium fidelity simulator, is one of the most popular product offerings in the low-price range. Also, with increasing software and hardware processes, low-cost simulators have captured a major share of the simulation market, thereby boosting its growth.
Increased use of driving simulators for mainstream automotive design
Automotive manufacturers are increasingly using driving and car simulators to optimize design and streamline the R&D process. McLaren Group is one of the earliest and largest users of driving simulation to engineer better passenger and commercial cars. The company tests any said vehicle under a variety of scenarios, and each vehicle is customized according to the requirements of individual clients. Technavio analysts expect that the mainstream design and engineering use of driving simulators are matured, and is likely to create a steady demand till the end of the forecast period.
Advent of reconfigurable driving simulation in the automotive space
Most of the commercially available automotive driving simulators are customized based on the requirements of individual clients. The introduction of the QuadDS simulator by Mechanical Simulation has introduced a new consumer base to the market space.
“The QuadDS simulator can serve as a car simulator, a truck simulator, and cater to the requirements of multiple engineering and marketing disciplines. Hence, CarSim, TruckSim, and other such software, can be used to reconfigure the tool to perform the simulation as desired, which is attracting a lot of end-users and creating major upward trends in the growth of the market,” says Siddharth.
Browse Related Reports:
- Global Automotive Torque Vectoring System Market 2017-2021
- Global Automotive Software Market 2017-2021
- Global Automotive Intelligent Tires Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like auto accessories, automotive manufacturing, and wheels and tires. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
