Report : Europe Driving Training Simulator Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Simulator Type (Compact Simulator and Full-Scale Simulator), Vehicle Type (Car Simulator, Truck and Bus Driving Simulator, and Others), End User (Driving Training Center, Automotive OEM, and Others)
At 4.8% CAGR, the Europe Driving Training Simulator Market is speculated to be worth US$ 731.49 million by 2028, says Business Market Insights
According to Business Market Insights' research, the Europe driving training simulator market was valued at US$ 552.15 million in 2022 and is expected to reach US$ 731.49 million by 2028, registering a CAGR of 4.8% from 2022 to 2028. Simulation for training autonomous vehicle driving systems algorithm and boosting need for skilled driver and driving safety precautions are key factors boosting the growth of the market.
Autonomous vehicles must undergo extensive research and testing in various environments to be used on the road. It is difficult to experience the uncommon and hazardous events required for thorough autonomous vehicle validation. These issues are addressed by NVIDIA DRIVe Sim, a physically accurate simulation platform that can produce synthetic data close to real-world situations. With DRIVE Sim, autonomous vehicle (AV) engineers can increase output, efficiency, and test coverage while reducing real-world driving and speeding up time to market. Using high-fidelity and physically accurate simulation, the driving simulator develops a cost-efficient, scalable method of introducing self-driving cars to the road. It uses foundational technologies, such as artificial intelligence (AI), to provide a robust, cloud-based computing platform that can produce a variety of real-world situations for the creation and validation of AV. A drive Simulator builds digital twins of actual settings using precision map data and can create datasets to test or train a vehicle's decision-making or perception systems. It can also be connected to the AV stack in software-in-the-loop (SIL) or hardware-in-the-loop (HIL) configurations to verify the entire integrated systems. Automakers are making significant investments in autonomous vehicle technology and forming alliances to develop exceptional autonomous vehicles since they require a lot of data to be collected and processed. The complete data set is shared among IoT-enabled vehicles and wirelessly uploaded to a cloud system, which is then analyzed and used to enhance automation. Here is a snapshot of the developments in the driving training stimulator market: After commissioning the most modern Delta S3 DIL simulator, Honda R&D Co. extended its long-term partnership with Ansible Motion in December 2021. At its Sakura engineering site, the adaptable simulator's greater motion space and enhanced dynamic range will make it possible to build future road and race vehicles and the technologies that go with them efficiently. And Volvo Group and NVIDIA inked a contract in March 2021 to work together to create autonomous machines and commercial cars' decision-making systems. The final system will be developed to safely manage autonomous driving on public roads and highways using NVIDIA's end-to-end artificial intelligence platform for training, simulation, and in-vehicle computing.
On the contrary, complexities in real time control restricts the market growth.
Based on simulator type, the Europe driving training simulator market is segmented into compact simulator and full scale simulator. The full scale simulator segment held 58.3% market share in 2022, amassing US$ 322.02 million. It is projected to garner US$ 394.99 million by 2028 to expand at 3.5% CAGR during 2022-2028.
Based on vehicle type, the Europe driving training simulator market is categorized into car simulator, truck and bus driving simulator, and others. The car simulator segment held 40.9% market share in 2022, amassing US$ 226.00 million. It is projected to garner US$ 292.53 million by 2028 to expand at 4.4% CAGR during 2022-2028.
Based on end user, the Europe driving training simulator market is segmented into driving training centres, automotive OEMS, and others. The driving training centres segment held 42.0% market share in 2022, amassing US$ 231.93 million. It is projected to garner US$ 298.26 million by 2028 to expand at 4.3% CAGR during 2022-2028.
Based on country, the Europe driving training simulator market has been segmented into Germany, France, Italy, the U.K, Russia, and Rest of Europe. Our regional analysis states that Germany captured 31.0% market share in 2022. It was assessed at US$ 171.17 million in 2022 and is likely to hit US$ 248.49 million by 2028, exhibiting a CAGR of 6.4% during the forecast period.
Key players dominating the Europe driving training simulator market are AUTOSIM AS; Adacel Technologies Limited; ECA Group; IPG Automotive GmbH; Moog Inc.; NVIDIA CORPORATION; TECKNOTROVE; and VI-GRADE GMBH among others.
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