Motion Simulation Market Is Booming Worldwide: worth $45.72 Billion by 2020


Posted April 28, 2017 by poojapatange

Motion Simulation Market by Type (Hydraulic and Actuator), Degree of Freedom (Two DOF, Three DOF, and Six DOF), Application (Automotive, Defense, Entertainment, Healthcare, Mining, R&D, Sports, and Textile), and Region - Forecast to 2020

 
Motion simulation systems create a virtual environment to synchronize the simulated motion with visual display. They are primarily used to replicate the real world issues and problems in a virtual environment.

It has become increasingly important to train the operator using realistic effects to increase the productivity and avoids mistake on the field. The motion simulation market is developing rapidly in various applications such as automotive, defense, mining, entertainment, and healthcare.

The automotive, entertainment, and mining applications are expected to record high growth rate between 2015 and 2020. However, the major market share was contributed by the defense industry in 2014 and this trend and is expected to continue during the forecast period.

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This report gives a detailed view of the market across regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America dominates the motion simulation market with the highest market share of ~56% in 2014; it is expected to grow at a CAGR of 5.50% between 2015 and 2020. Similarly, North America dominates the human motion simulation market with a high market share of ~40% in 2014. However, the Asia-Pacific and RoW markets for human motion simulation are expected to grow at high CAGRs of 11.73% and 11.24%, respectively, between 2015 and 2020.

The major players involved in the development of the motion simulation market include CAE Inc. (Canada), Moog Inc. (U.S.), Siemens AG (Germany), Dassault Systems SA (France), Laerdal Medical AS (Norway), Human Solutions GmbH (Germany), Bosch Rexroth AG (Germany), Exponent Inc. (U.S.), SantosHuman Inc. (U.S.), and Thoroughbred Technologies (Pty) Ltd. (South Africa).

Browse 73 market data tables and 65 figures spread through 150 pages and in-depth TOC on “Motion Simulation Market - Forecast to 2020"

The report includes a brief description of the factors driving and restraining the growth of the market as well as its opportunities and challenges. The factors driving the market include stringent regulation in the aviation industry for simulated training, huge opportunity for cost saving, growing emphasis on patient safety, and digitization of the human body structure. The huge research and development requirement and the availability of limited funding for healthcare systems are the factors restraining the development of the motion simulation market. The high cost of implementation of motion simulation systems presents a major challenge for the market.

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Issued By Pooja
Country United States
Categories Consumer , Electronics , Technology
Tags automotive , defense , motion simulation , motion simulation market , virtual reality
Last Updated April 28, 2017