Report : Asia Pacific 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 6.1% CAGR, the Asia Pacific Driving Training Simulator Market is speculated to be worth US$ 1,012.47 million by 2028, says Business Market Insights
According to Business Market Insights' research, the Asia Pacific driving training simulator market was valued at US$ 708.44 million in 2022 and is expected to reach US$ 1,012.47 million by 2028, registering a CAGR of 6.1% from 2022 to 2028. Growing integration of virtual reality in driving training simulator and burgeoning adoption of simulator for police and emergency vehicles are factors driving the growth of the market.
Advanced technologies, such as 3D visualization and 360-degree views, are specially incorporated into driving simulators created for categories with unique driving training simulation requirements. Police, military troops, firefighters, and ambulance drivers receive urgent and effective training from professional defense, police, and ambulance simulators. These simulators ensure training solutions for crew and vehicle safety, mission stress, speed, barriers, traffic dangers, and road users to improve the proficiency of emergency reactions from drivers and passengers. The popularity of these simulators is progressively growing on a global scale. Thus, the rising uptake of simulators in police and emergency vehicles is expected to drive the driving training simulator market during the forecast period.
On the contrary, complexities in real time control restricts the market growth.
Based on simulator type, the Asia Pacific driving training simulator market is segmented into compact simulator and full scale simulator. The full scale simulator segment held 61.2% market share in 2022, amassing US$ 425.40 million. It is projected to garner US$ 550.73 million by 2028 to expand at 4.4% CAGR during 2022-2028.
Based on vehicle type, the Asia Pacific driving training simulator market is categorized into car simulator, truck and bus driving simulator, and others. The car simulator segment held 37.0% market share in 2022, amassing US$ 260.90 million. It is projected to garner US$ 360.37 million by 2028 to expand at 5.5% CAGR during 2022-2028.
Based on end user, the Asia Pacific driving training simulator market is segmented into driving training centres, automotive OEMS, and others. The driving training centres segment held 38.1% market share in 2022, amassing US$ 274.17 million. It is projected to garner US$ 409.33 million by 2028 to expand at 6.9% CAGR during 2022-2028.
Based on country, the Asia Pacific driving training simulator market has been segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. Our regional analysis states that Japan captured 32.0% market share in 2022. It was assessed at US$ 226.70 million in 2022 and is likely to hit US$ 339.37 million by 2028, exhibiting a CAGR of 7.0% during the forecast period.
Key players dominating the Asia Pacific driving training simulator market are AUTOSIM AS; Adacel Technologies Limited; ECA Group; IPG Automotive GmbH; CRUDEN B. V.; Moog Inc.; NVIDIA CORPORATION; TECKNOTROVE; and VI-GRADE GMBH among others.
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