DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Immersive Simulator Market by Simulation Environment (Console Operator, Field Operator), Offering (Hardware, Software & Services), Application (Training, Product Development, Emergency Services), Industry, and Geography - Global Forecast to 2022" report to their offering.
The immersive simulator market is expected to reach USD 11.44 billion by 2022, at a CAGR of 35.13% between 2016 and 2022.
The key driving factors for the growth of the immersive simulator market are the increasing applications in the medical industry, risk mitigation in oil & gas industries through training in immersive simulator, and ability to transfer knowledge quickly through training in immersive simulator. However, the major restraining factors for the growth of this market are lack of integration between providers of immersive simulator hardware, software and services, and low adoption and acceptance due to lack of awareness.
On the basis of offering, the market for immersive simulator hardware is expected to grow at the highest CAGR between 2016 and 2022. The technological advancements in hardware components and the increasing number of new product launches and developments are expected to boost the adoption of hardware in industries such as automotive, food and beverages, oil and gas, chemicals, medicals, and entertainment, among others.
The immersive simulator market for the training application held the largest market share among all the applications in 2015. Training using immersive simulators helps create a platform and development suite for efficient understanding and simplification of ideas before putting them into action on sites.
The oil and gas industry held the largest share of the immersive simulator market among all industries in 2015. Personnel in the oil and gas industry face the challenges pertaining to oil spills or fire breakouts. There is an increasing demand to integrate information, control, power, and safety solutions to respond to the global demand for affordable energy, meet stringent government regulations, and drive down costs. This has boosted the incorporation of immersive simulators in the oil and gas industry.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights - Immersive Simulator Market
5 Market Overview
6 Industry Trends
7 Market, by Offering
8 Market, by Simulation Environment
9 Market, by Application
10 Market, by Industry
11 Geographical Analysis
12 Competitive Landscape
13 Company Profiles
- Applied Research Associate, Inc.
- Aveva Group Plc
- Designing Digitally, Inc.
- ESI Group
- Immerse Learning
- Mass Virtual Inc.
- Samahnzi (PTY) Ltd.
- Schneider Electric SE
- Siemens AG
- Talent Swarm
For more information about this report visit http://www.researchandmarkets.com/research/7dnd8d/immersive