The World Health Organization (WHO) estimates that nearly 1.3 million deaths occur due to road traffic crashes each year. The organization also states that road accidents cause non-fatal injuries among 20–50 million people across the globe every year. As per the WHO, road traffic injuries are the major cause of death among young adults and children aged 5–29 years. Most of these accidents are caused due to human mistakes, owing to which driving simulators are being adopted by the transportation and automotive industry.

Additionally, the booming demand for skilled drivers, on account of the increasing penetration of shared mobility fleet and burgeoning need for logistics services from the e-commerce industry, is expected to steer the driving simulator market growth during the forecast years (2020–2030). Besides, the ongoing research and development (R&D) in advanced driving assistance systems (ADAS) will also augment the global demand for driving simulators.

Currently, the driving simulator market is consolidated in nature, with the presence of a few players, such as Tecknotrove Simulator System Pvt. Ltd., Corys TESS, Anthony Best Dynamics Limited, Dallara Group Srl, Cassidian, Transurb, Cruden B.V., OKTAL SYDAC, and SHRail. In recent years, these players have launched new products to gain a competitive edge. For example, Anthony Best Dynamics Limited unveiled a static driving simulator in July 2020. This simulator delivers high levels of driver immersion in an era where driver-in-the-loop (DIL) simulation has become extremely important for the delivery of new automobile models in ever-tighter timescales.

Whereas, the Asia-Pacific (APAC) driving simulator market is expected to exhibit the fastest growth during the forecast period. This will be primarily owed to the implementation of strict road safety rules in South Korea and Japan. Additionally, the booming demand for passenger cars, on account of the increasing number of metro cities, growing population, and improving lifestyle will also contribute to the market growth in the region. For example, the Society of Indian Automobile Manufacturers (SIAM) states that 2,711,457 passenger vehicles were sold in the financial year (FY) 2020–2021.

Therefore, the rising burden of road traffic crashes and ongoing developments in ADAS technology will accelerate the installation of driving simulators in the foreseeable future.

Market Overview@ https://www.psmarketresearch.com/market-analysis/driving-simulator-market