Global Driving Simulator Apps Market Size, Trends & Analysis - Forecasts to 2026 By Type of Platform (iOS, and Android), By Type of Subscription (Free Apps, and Paid Apps [Monthly & Yearly Subscription]), By Application (Research and Testing, Training), By End User (Advanced Driving Simulator, Training Driving Simulator, Professional Driving Simulator), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Factors such as increased cost savings and safety, higher quality feedback, standardization of training programs, government norms regarding safety and shortage of skilled workers, and ease of data collection have led to the growth of this market.
Also, these apps are the modern versions of lively and dynamic simulations and have the highest triumphs. They set their driver in a man-made surrounding that acts as a substitute for the actual driving experience. The most significant part of the vehicle simulation is the interplay of the driver with the system. These days industries face an immense shortage of skilled drivers where a majority of accidents are because of the errors made by humans. Hence, this is a much-needed app in the market.
The market is classified into iOS and Android apps when the type of platform is considered. The iOS segment is expected to dominate the market due to its large share in revenue generation as the iPhone is more popular in regions of high-income regions such as North America and, Europe, etc. that tend to spend more on apps.
Based on subscription type, the market is segmented into free and paid apps. The paid apps are further divided into monthly and yearly subscriptions. The market in the forecast period of 2021-2026 is expected to generate more revenue from the paid subscription mainly due to the services offered in a paid subscription such as parking missions, sharp and neat graphics, game mechanics, unlocking various levels along with up-gradation of cars.
Based on application, market is segmented as research and testing, and training. Research and testing have occupied a larger share in the market due to the invasion of self-driving cars and due to the increased research and development for advanced technologies.
Based on end-users, the market is segmented into advanced driving simulators, training driving simulators, and professional training simulators. The advanced driving simulator is expected to occupy the largest share due to the technological advancements and awareness among people.
Asia-Pacific will occupy a larger share in the market during the forecast period due to the growing concerns in the regulatory mandates that have been introduced by the government. Other than that the improved lifestyle, steady population growth are some of the factors that have increased the sale of cars in Asia-Pacific. Furthermore, the North American region is expected to grow at a constant CAGR during the forecast period.
The key players operating in the market are Environmental Tectonics Corporation (ETC), L3Harris Technologies, FAAC, Ford Motor Company, General Motors, Virage Simulation, Waymo LLC, Mechanical Simulation Corporation, Daimler AG, BMW, Bosch Rexroth, Volkswagen, and Volvo among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Corys started providing distance training opportunities to instruct and sustain the skills of employees. In May 2018, Cruden diversified the worldwide reach of its simulators by adding two new distributors.
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The Global Driving Simulator Apps Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Driving Simulator Apps Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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