LONDON--(BUSINESS WIRE)--#GamingSimulatorsMarket--Technavio has been monitoring the gaming simulators market and it is poised to grow by USD 7.21 billion during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- What was the size of the gaming simulators market in 2019?
Technavio says that the value of the market was at USD 6.19 billion in 2019 and is projected to reach USD 13.40 billion by 2024.
- Based on segmentation by end-user, which is the leading segment in the market?
The commercial end-users are expected to be the leading segment in the global market during the forecast period.
- Who are the top players in the market?
3D perception Inc., CKAS Mechatronics Pty Ltd., Cruden BV, CXC Simulations Ltd., D-BOX Technologies Inc., GTR Simulators Inc., Guillemot Corporation SA, Lean Games Ltd., Sony Corp., and The AEgis Technologies Group. are some of the major market participants.
- What are the key market drivers and challenges?
The integration of VR headsets and the advent of 360-degree camera are the major factors driving the market. However, the high costs of gaming simulators restraints the market growth.
- How big is the North American market?
The market in the North America region was valued at USD 2.88 billion in 2019 and it is anticipated to grow to USD 6.09 billion by 2024.
The market is concentrated, and the degree of concentration will decelerate during the forecast period. 3D perception Inc., CKAS Mechatronics Pty Ltd., Cruden BV, CXC Simulations Ltd., D-BOX Technologies Inc., GTR Simulators Inc., Guillemot Corporation SA, Lean Games Ltd., Sony Corp., and The AEgis Technologies Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The integration of VR headsets has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Gaming Simulators Market 2020-2024: Segmentation
Gaming Simulators Market is segmented as below:
- North America
- South America
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Gaming Simulators Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The gaming simulators market report covers the following areas:
- Gaming Simulators Market Size
- Gaming Simulators Market Trends
- Gaming Simulators Market Analysis
This study identifies the advent of 360-degree camera as one of the prime reasons driving the gaming simulators market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Gaming Simulators Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist gaming simulators market growth during the next five years
- Estimation of the gaming simulators market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the gaming simulators market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of gaming simulators market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Commercial - Market size and forecast 2019-2024
- Residential - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- Racing - Market size and forecast 2019-2024
- Shooting - Market size and forecast 2019-2024
- Flight - Market size and forecast 2019-2024
- Market opportunity by Type
Market Segmentation by Component
- Market segments
- Comparison by Component placement
- Hardware - Market size and forecast 2019-2024
- Software - Market size and forecast 2019-2024
- Market opportunity by Component
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- 3D perception Inc.
- CKAS Mechatronics Pty Ltd.
- Cruden BV
- CXC Simulations Ltd.
- D-BOX Technologies Inc.
- GTR Simulators, Inc.
- Guillemot Corporation SA
- Lean Games Ltd.
- Sony Corp.
- The AEgis Technologies Group
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.