The driving training simulator market in South & Central America is expected to grow from US$ 117.58 million in 2022 to US$ 135.07 million by 2028. It is estimated to grow at a CAGR of 2.3% from 2022 to 2028.
Scaling Integration of Virtual Reality in Driving Training Simulator
A driving simulator is a technology that provides a realistic driving experience in a virtual environment. Virtual Reality Driver Training has proven to teach drivers specific skills using a fully immersive climate that only VR can offer. For instance, in 2022, Alstom created virtual reality (VR) technology primarily to enable drivers and crew to receive training on operating a new rolling stock product, whether on an existing, modified, or new transportation system. Training many people quickly, especially when the product may not yet be accessible, is difficult for both customers and operators. This is made possible safely using a driving simulator. one can use a simulator to show any product or train system's safety. Furthermore, in 2021, the debut of Apex Officer Drive, a virtual reality driving simulator for police and law enforcement organizations, was announced by Apex Officer, the top supplier of training simulators for law enforcement, the military, and first responders. The obvious choice for educating first responders on how to operate an emergency vehicle safely is Apex Officer Drive. The philosophy and principles of defensive driving in emergency and non-emergency circumstances are emphasized in Apex Officer's EVOC and police driving simulators to improve vehicle safety operations. Thus, the integration of VR in driving training simulators is projected to emerge as the most notable future trend in the driving training simulator market over the forecast period.
Market Overview
Growing demand for luxury cars and rising development of smart mobility solutions are boosting the driving training simulator market growth in South America. Furthermore, governments of emerging countries in South America, such as Brazil, Colombia, and Argentina, are taking initiatives to support the growth of driving simulators in autonomous vehicles. Autonomous vehicles are first tested on simulator with virtual environment engagement to understand driving challenges. In Brazil, the projects relating to autonomous vehicles significantly contribute to the future of urban mobility. To add further, a Palio Weekend Adventure vehicle owned by the University of Sao Paulo (USP) was the first autonomous car authorized to travel in the city. Thus, the growing demand for autonomous vehicles is expected to bolster the need for driving training simulators for practice. Further, the increasing investment in research & development of automated driving systems is projected to play a key role in the driving training simulator market expansion.
South & Central America Driving Training Simulator Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Driving Training Simulator Market Segmentation
The South & Central America driving training simulator market is segmented into simulator type, vehicle type, end user, and country.
Based on simulator type, the market is segmented into compact simulator and full scale simulator. The full scale simulator segment registered the largest market share in 2022. Based on vehicle type, the market is categorized into car simulator, truck and bus driving simulator, and others. The car simulator segment held the largest market share in 2022. Based on end user, the South & Central America driving training simulator market is segmented into driving training centres, automotive OEMS, and others. The driving training centres segment held the largest market share in 2022. Based on country, the market is segmented into Brazil, Argentina, and Rest of SAM. Brazil dominated the market share in 2022.
AUTOSIM AS; Adacel Technologies Limited; ECA Group; IPG Automotive GmbH; Moog Inc.; NVIDIA CORPORATION; and TECKNOTROVE are the leading companies operating in the driving training simulator market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Driving Training Simulator Market – By Simulator Type
1.3.2 South & Central America Driving Training Simulator Market – By Vehicle Type
1.3.3 South & Central America Driving Training Simulator Market – By End-User
1.3.4 South & Central America Driving Training Simulator Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Driving Training Simulator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America Driving Training Simulator Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Broadening Need for Skilled Driver and Driving Safety Precautions
5.1.2 Simulation for Training Autonomous Vehicle Driving Systems Algorithm
5.2 MARKET RESTRAINTS
5.2.1 Complexities in Real-Time Control
5.3 MARKET OPPORTUNITIES
5.3.1 Raising Adoption of Simulator for Police and Emergency Vehicles
5.4 FUTURE TRENDS
5.4.1 Scaling Integration of Virtual Reality in Driving Training Simulators
5.5 Impact Analysis of Drivers and Restraints
6. South & Central America Driving Training Simulator Market Analysis
6.1 Driving Training Simulator Market Overview
6.2 South & Central America Driving Training Simulator Market Forecast and Analysis
7. South & Central America Driving Training Simulator Market – By Simulator Type
7.1 Overview
7.2 South & Central America Driving Training Simulator, By Simulator Type
7.3 Compact Simulator
7.3.1 Overview
7.3.2 Compact Simulator: Driving Training Simulator Market Revenue and Forecast to 2028 (US$ Million)
7.4 Full-Scale Simulator
7.4.1 Overview
7.4.2 Full-Scale Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Driving Training Simulator Market Analysis – By Vehicle Type
8.1 Overview
8.2 South & Central America Driving Training Simulator Market, By Vehicle Type
8.3 Car Simulator
8.3.1 Overview
8.3.2 Car Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Truck and Bus Driving Simulator
8.4.1 Overview
8.4.2 Truck and Bus Driving Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Driving Training Simulator Market – By End User
9.1 Overview
9.2 South & Central America Driving Training Simulator Market, By End-User
9.3 Driving Training Centre
9.3.1 Overview
9.3.2 Driving Training Centre: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Automotive OEM
9.4.1 Overview
9.4.2 Automotive OEM: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Driving Training Simulator Market – Country Analysis
10.1 Overview
10.1.1 South & Central America Driving Training Simulator, by Key Country
10.1.1.1 Brazil: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Driving Training Simulator Market, By Simulator Type
10.1.1.1.2 Brazil: Driving Training Simulator Market, By Vehicle Type
10.1.1.1.3 Brazil: Driving Training Simulator Market, By End-User
10.1.1.2 Argentina: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Driving Training Simulator Market, By Simulator Type
10.1.1.2.2 Argentina: Driving Training Simulator Market, By Vehicle Type
10.1.1.2.3 Argentina: Driving Training Simulator Market, By End-User
10.1.1.3 Rest of SAM: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Driving Training Simulator Market, By Simulator Type
10.1.1.3.2 Rest of SAM: Driving Training Simulator Market, By Vehicle Type
10.1.1.3.3 Rest of SAM: Driving Training Simulator Market, By End-User
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 AUTOSIM AS
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Adacel Technologies Limited
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ECA Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 IPG Automotive GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Moog Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NVIDIA CORPORATION
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 TECKNOTROVE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
Table 1. South & Central America Driving Training Simulator Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Brazil: Driving Training Simulator Market, By Simulator Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Driving Training Simulator Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Driving Training Simulator Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Driving Training Simulator Market, By Simulator Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Driving Training Simulator Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Driving Training Simulator Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Driving Training Simulator Market, By Simulator Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Driving Training Simulator Market, By Vehicle Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Driving Training Simulator Market, By End-User– Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
Figure 1. South & Central America Driving Training Simulator Market Segmentation
Figure 2. South & Central America Driving Training Simulator Market Segmentation – Country
Figure 3. South & Central America Driving Training Simulator Market Overview
Figure 4. South & Central America Driving Training Simulator Market, By Simulator Type
Figure 5. South & Central America Driving Training Simulator Market, By Country
Figure 6. South & Central America: PEST Analysis
Figure 7. South & Central America Driving Training Simulator Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. South & Central America Driving Training Simulator Market: Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Driving Training Simulator Market, Forecast and Analysis (US$ Million)
Figure 11. South & Central America Driving Training Simulator Revenue Share, By Simulator Type (2021 and 2028)
Figure 12. Compact Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. Full-Scale Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. South & Central America Driving Training Simulator Revenue Share, By Vehicle Type (2021 and 2028)
Figure 15. Car Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Truck and Bus Driving Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others Driving Training Simulator: Driving Training Simulator Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. South & Central America Driving Training Simulator Market Revenue Share, By End-User (2021 AND 2028)
Figure 19. Driving Training Centre: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Automotive OEM: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Geographic Overview of South & Central America Driving Training Simulator Market
Figure 23. South & Central America Driving Training Simulator Revenue Share, by Key Country (2021 and 2028)
Figure 24. Brazil: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Argentina: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of SAM: Driving Training Simulator Market – Revenue and Forecast to 2028 (US$ Million)
● AUTOSIM AS
● Adacel Technologies Limited
● ECA Group
● IPG Automotive GmbH
● Moog Inc.
● NVIDIA CORPORATION
● TECKNOTROVE
● VI-GRADE GMBH
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America driving training simulator market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the South & Central America driving training simulator market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the driving training simulator market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
