Global motion simulation market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 7% during the forecast period.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Motion simulation is a mechanism that includes workspace or kinematics analysis, inverse dynamic analysis and flexible and rigid body dynamics. It provides quantitative and complete information regarding the kinematics such as acceleration, velocity, and position and about the dynamics such as power requirements, inertial forces, and joint reactions of all the components of a moving mechanism. It uses motion platform or simulator that creates the view of being in a real motion environment.
The global motion simulation market has been seeing ample growth from the past few years. The market for motion simulation is primarily driven by its high adoption in applications such as engineering analysis, video games, and ride simulators. An increasing demand for motion simulator in the aviation industry, the implementation of simulators would greatly help in cost saving, rising importance of motion simulators in healthcare industry concerning safety of the patient and growing adoption of motion simulation technology in amusement parks or theme parks to offer the park visitors a simulation of flight or other motion are expected to improve growth of the market during the forecast period.
However, high initial implementation cost of motion simulation systems and additional cost related with simulation training are the major restraining factors that could hamper the growth of the market.
Global Motion Simulation Market: Segmentation Analysis
By application, aerospace and defense and automotive segment dominated the market in 2019 and are expected to maintain its dominance at a CAGR of XX% during the forecast period. A surge in the adoption of motion simulators in commercial and military flight and in automotive car instruction training applications is accredited to the growth of the market. An increasing demand for motion simulation system or platform in flight simulators for pilot training, expanding use of flight simulators by aircraft manufacturers to test new hardware, rising production and sales of military and commercial aircrafts and growing market for aviation industry across the globe are expected to improve market growth during the forecast period. In addition, simulation training application reduces time, risks and costs compared to traditional training of vehicles or planes, which make them most ideal choice for the flying and driving training applications in both aircrafts and automotive vehicles.
Alternatively, entertainment segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising adoption of motion simulators in entertainment devices in theme parks, in arcade amusement rides, games, and other applications and increasing adoption of home-based motion simulators to enhance virtual reality, simulation and video games experience are expected to impel the growth of the market during the forecast period.
Global Motion Simulation Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of ~10% during the forecast period. Countries such as China, Japan, India, and South Korea are major key contributors behind the growth of the market. The growth is attributed to the high adoption of motion simulation systems in various end-user industries such as in aviation and automotive industry.
A rising military capabilities, growing market for civil and military aviation industry, rising production of commercial and military aircrafts, increasing demand for modernizing industrial capabilities and advanced air transportation, growing adoption of motion simulation training in automotive industry and rising trend of flying simulation games among youngsters are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global Motion Simulation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Motion Simulation Market dynamics, structure by analyzing the market segments and projects the Global Motion Simulation Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Motion Simulation Market make the report investor’s guide.
Scope of Global Motion Simulation Market
Global Motion Simulation Market, By Type
• Hydraulic Based Motion Simulation Systems
• Actuator-Based Motion Simulation Systems
Global Motion Simulation Market, By Degree of Freedom
• Six Degree of Freedom
Global Motion Simulation Market, By Application
• Aerospace & Defense
Global Motion Simulation Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Motion Simulation Market, Key Players
• CAE Inc
• Moog Inc
• Siemens AG
• Dassault Systems SA
• Laerdal Medical AS
• Human Solutions GmbH
• Bosch Rexroth AG
• Exponent Inc
• SantosHuman Inc
• Thoroughbred Technologies (Pty) Ltd
• Cubic Corporation
• Gaumard Scientific
• Ansible Motion Limited
• Motion Simulation Ltd
• AXIS Simulation Switzerland GmbH
• Redbird Flight Simulations, Inc.
• Elbit Systems Ltd
• ELITE Simulation Solutions
• FlightSafety International, Inc.
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
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