The global automotive driving simulator market was valued at US$ 123.5 million in 2017, which was US$ 120.3 million in 2016. By 2025, it is projected to reach US$ 155.1 million with a CAGR of 2.9% over the forecast period(2017 – 2025), according to Global Automotive Driving Simulator Market Report, by Product Type (Car Simulator, Truck Simulator, and Others), by Application (Research, Training, and Entertainment), and by Region (North America, Europe, Asia Pacific, Latin America Middle East, and Africa).
Increasing innovation of autonomous vehicles is one of the major factors driving growth of the automotive driving simulator market. For instance, in 2017, Toyota Research Institute and the Computer Vision in Barcelona, Spain launched an open-source driving simulator named CARLA (Car Learning Act), which can be used by car manufacturers to test self-driving technologies under realistic driving conditions, thereby eliminating risks such as car crashes, extreme weather conditions, and others on road test. CARLA simulates a wide range of driving conditions and repeats dangerous situations endlessly. Furthermore, CARLA provides control over the vehicle in extreme weather conditions and based on the behavior of other vehicles, traffic signals, and others. Hence, increasing innovation of simulators for autonomous cars have accelerated growth of car simulator segment in the global automotive driving simulator market. According to Coherent Market Insights, car simulator segment held the dominant position in 2017 and is expected to exhibit the highest CAGR over the forecast period. In 2017, the car simulator segment generated a revenue of US$ 67.6 Mn and is expected to reach US$ 86.4 Mn by 2025, with a CAGR of 3.1% over the forecast period.
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