The global gaming simulator market size is expected to reach USD 9.99 billion by 2027, according to a new study by Grand View Research, Inc. It is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2020 to 2027. The increasing popularity of gaming coupled with the continued introduction of innovative VR headsets that can potentially enhance the graphics experience is expected to drive the growth of the market over the forecast period. The growing preference for realistic gaming experience among gamers also bodes well for the growth of the market.
Several
gaming zones are putting a strong emphasis on offering a better gaming
experience through gaming simulators. For instance, NASSAA Uth HUB, an
entertainment hub in India, is offering an enhanced gaming experience through
various simulators, including a cricket simulator, flight simulator, and car
simulator. The growing demand for gaming simulators for playing different types
of games, such as racing, cricket, and golf, is expected to drive the growth of
the market over the forecast period.
Manufacturers
are also focusing on developing advanced gaming simulators that can enhance the
gaming experience for gamers. For instance, in May 2019, RS Simulation launched
Sector One, a high-end racing simulator, in collaboration with D-BOX
TECHNOLOGIES INC. The simulator is designed to meet the standards of savvy
motorsports participants and professional race drivers.
Market
players are focusing on strategic partnerships and collaborations, mergers &
acquisitions, and new product development, to offer innovative products that
can improve the user experience and build an international presence for their
brands. For instance, in January 2019, GIANTS Software collaborated with
Logitech to develop the Farming Simulator experience. The collaboration
envisages GIANTS Software using Logitech’s Logitech G eco-system to design a
farming tractor simulator.
Full Research Report On Gaming Simulator Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/gaming-simulator-market
Gaming Simulator
Market Report Highlights
- The hardware
segment is anticipated to register a considerable growth rate over the
forecast period owing to the increasing number of gamers and the growing
preference for a better gaming experience
- The shooting
segment is expected to register a significant growth rate from 2020 to
2027 in line with the growing popularity of the first-person shooter (FPS)
games among gamers
- The
commercial segment is expected to witness significant growth over the
forecast period owing to the growing adoption of gaming simulators at
gaming zones and for virtual training purposes
- The Asia
Pacific regional market is anticipated to register a significant growth
rate from 2020 to 2027 owing to the strong emphasis gaming zones in the
region are putting on offering innovative games based on simulation and
virtual reality
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Gaming Simulator
Market Segmentation
Grand View Research has
segmented the global gaming simulator market based on component, game type,
end-use, and region:
Gaming Simulator
Component Outlook (Revenue, USD Million, 2016 - 2027)
- Hardware
- Software
Gaming Simulator
Game Type Outlook (Revenue, USD Million, 2016 - 2027)
- Shooting
- Fighting
- Racing
- Others
Gaming Simulator
End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Residential
- Commercial
Gaming Simulator
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
List of Key
Players of the Gaming Simulator Market
- 3D Perception
- AeonSim
- CKAS Mechatronics Pty Ltd.
- CXC Simulations
- D-BOX TECHNOLOGIES INC.
- Eleetus
- Hammacher Schlemmer & Company, Inc.
- Play seat B.V.
- RSEAT Ltd.
- Vesaro
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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