Driving simulator market to crack $2.7B by 2025

Asia Pacific is expected to be the fastest growing market for driving simulators according to a recent report.

Compound annual growth rate shows 7.2 per cent growth from $1.5 billion USD in 2020 (approx. $1.9 billion AUD) to $2.1 billion USD (approx. $2.7 billion AUD) by 2025.

The report – Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type (Car Simulator and Truck & Bus Simulator), Simulator Type (Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025 – details a number of industry-specific projections.

The growth of the driving simulator market, according to the report, can be attributed to the increasing demand of skilled drivers due to high road accident rate, growth in air traffic, upcoming high speed train projects and significant R&D investments in autonomous vehicles.

Global technology company, Adacel Technologies, is touted to be among a group of prominent key players in this space.

Asia Pacific is expected to show the fastest growth in the driving simulator market due to an increase in training programs, passenger traffic and demand for skilled drivers.

The report stated a requirement of the training of new drivers updated with traffic regulations will contribute to the demand for simulators.

Earlier this year, the Federal South Australian governments partnered with South Australian Road Transport Association (SARTA) to purchase HVSim and a software package worth $450,000.

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development, Michael McCormack, said the cutting-edge simulator would help existing and learner heavy vehicle drivers navigate the South Eastern Freeway descent for example, with a focus on improving safety behind the wheel.

“Truck drivers will undergo training and assessments in the simulator and there is scope for expanding the program to cover other high-risk routes in South Australia and across the country,” the Deputy Prime Minister said.

“The Australian Government takes road safety seriously because no family should have to endure the devastation caused by road crashes.

“That is why we continue investing in critical initiatives to improve road safety to save lives and reduce road trauma, including across our heavy vehicle sector.”

National Heavy Vehicle Regulator CEO, Sal Petroccitto, said the simulator was an example of how the Regulator and SARTA were working with the South Australian and Federal Governments to deliver a great outcome for local heavy vehicle drivers.

“The simulator was partly funded by the NHVR’s Heavy Vehicle Safety Initiative, supported by the Federal Government, which has delivered $22.8 million across 89 grants in five years,” said Petroccitto.

“Through these grants and with the support of organisations like SARTA and the South Australian Government we can continue to drive down the number of crashes involving heavy vehicles on our roads.”

SARTA President, Sharon Middleton, said the industry was very excited about the delivery of the HV Simulator Project.

“The improvements that it will provide in skills development, training on challenging routes and in research into fatigue management and other issues, will benefit the trucking industry and all road users,” said Middleton.

“SARTA welcomes the very substantial support of the Federal and State Governments in providing funding without which the industry would not be able to get this important safety initiative off the ground.”