Software Defined Radio Market Size Worth $39.6 Billion By 2027

The global software defined radio market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

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https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Further key findings from the report suggest:

Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

Computer Aided Engineering Market Size Worth $14.9 Billion By 2027

The global computer aided engineering market size is anticipated to reach USD 14.9 billion by 2027, according to a new report by Grand View Research, Inc., registering a 9.3% CAGR over the forecast period. The rapid growth of the wearable industry is likely to increase the use of computer-aided engineering (CAE) software in the electronics industry. With the smartphone market in its maturity stage, major players are in search of new sources of revenue. As a result, wearable technology is likely to witness a surge in demand over the forecast period.

The growing penetration of IoT, tablets, and smartphones is expected to boost the CAE market. Increasing usage of wearable devices in a host of industries, such as medicine, fitness, transportation, education, entertainment, and gaming, is also paving the way for market growth. Miniaturization of electronic devices and sensors, persuasive connectivity, and lowered costs have significantly contributed to the growth of wearable devices, thereby impacting the growth of computer-aided engineering.

Looking to increase driver and passenger safety in vehicles, government regulations have mandated the application of technologies such as collision avoidance systems, parking assistance systems, wireless communication technology, and interactive infotainment systems in upcoming car technologies. This is anticipated to spur the demand for computer-aided engineering software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are likely to boost demand for computer aided engineering software.

Emerging new engineering modes such as 3D printing, building information modeling, and concurrent engineering are likely to influence the computer-aided engineering market. 3D printing is a form of additive manufacturing that allows users to print any object as a three-dimensional image. The technology helps in reducing production costs and developing new methods of production. Ease of use and unlimited customization capabilities are the key factors driving the adoption of 3D printing across industries, which is further expected to positively impact the demand for computer aided engineering.

Prevailing open-source software is anticipated to restrain the adoption of computer-aided engineering software and solutions over the projected period. This software is available for free on the web; however, vendors charge for support, customization, and maintenance services. Another major advantage of open source technology is that minor flaws and bugs can be tested and fixed immediately. Linux has been leading the open architecture software market. Open-source software has been a boon for small software vendors. However, it has proven to be a restraint for large enterprises.

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https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market

Further key findings from the report suggest:

The Finite Element Analysis (FEA) segment dominated the market for CAE solutions in 2019. FEA simulates real components to analyze problems pertaining to heat transfer, structural analysis, electromagnetic potential, and mass transport
The cloud-based deployment model is expected to register the fastest growth over the projected period, on the basis of the deployment model. Cloud-based deployment enables faster distribution, minimal maintenance, reduction in cost, and an increase in scalability
The automotive segment held the dominant share in 2019, by way of end-use. In this sector, CAE software is used to analyze the feasibility of heat dissipation techniques such as cooling, ventilation, and aerodynamics. The aerospace sector is expected to witness a high growth rate over the forecast period
Asia Pacific and South America are poised to emerge as lucrative regional markets for CAE software over the forecast period. Rising government investments in the manufacturing sector and growing automation of industrial equipment are major factors driving these markets
Key players in the market include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), and ESI Group (France). Industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition.

High Performance Computing Market Size Worth $53.6 Billion By 2027

The global high performance computing market size is expected to reach USD 53.6 billion by 2027, expanding at a CAGR of 6.5% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. High-performance computing can be categorized into High Performance Technical Computing (HPTC) and High Performance Business Computing (HPBC). HPTC is highly used in the fields of science and engineering. It is particularly used by government agencies, defense agencies, educational and research institutions, and incumbents of the manufacturing industry, among others. On the other hand, HPBC is suitable for applications such as gaming and fraud detection. Logistics companies and providers of financial services, among others, also opt for HPBC. The rising popularity of High Performance Computing (HPC) systems among manufacturing companies, government departments, and defense agencies are particularly fueling the growth of the market.

High-performance computing systems envisage a cluster of computers that can run long algorithms and solve complex problems and equations at speeds and accuracies higher than those offered by the conventional computing systems. Previously, HPC systems were used only by the navigation and aerospace industries. However, diversification of the IT industry, growing adoption of cloud computing, continuous developments in artificial intelligence, and rising need for business analytics are prompting various end-use industries to adopt HPC systems.

Data centers particularly require an architecture capable of processing large volumes of data. HPC systems can ensure adequate computing power for such data centers. Various other organizations also adopt HPC systems to process their data at higher speeds and accuracies and simplify their complex business procedures. Research and academic institutions have also started adopting HPC systems to ensure the computational efficiency required during the initial stages of research.

High computational capabilities offered by HPC systems have paved the way to execute high-end research projects that were previously deemed impossible. As such, HPC systems can be helpful in several fields, including computational biology, genetics, medicine, structural analysis, geophysics statistics, electromagnetism, nuclear physics, astrophysics, and mathematical modeling. Similarly, high efficiency offered by HPC systems can help researchers in undertaking research activities in various fields, such as deep neural networks, human genome mapping and modeling, and artificial intelligence.

Vendors of HPC systems are increasingly focusing on delivering enhanced solutions that can cater to various requirements. These solutions may include basic configurations and management tools that are easy to deploy and are capable of adapting to the changing workloads. Although the application portfolio of HPC systems is growing continuously, the looming lack of awareness about HPC systems, budget constraints at small- and medium-sized enterprises, and concerns over the security of data are some of the factors hindering the growth of the market.

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https://www.grandviewresearch.com/industry-analysis/high-performance-computing-market

Further key findings from the report suggest:

The on-premise deployment segment held the largest revenue share in 2019. The cloud segment is expected to expand at the highest CAGR of 7.6% over the forecast period owing to the benefits such as cost-effectiveness, scalability, ease of deployment, and stronger security associated with cloud deployment
The government and defense end-use segment held the largest revenue share in 2019 and is expected to expand at the highest CAGR over the forecast period. The growth can be attributed to the growing adoption of HPC systems in surveillance, aircraft simulation, and encryption and decryption of confidential information
North America is anticipated to witness significant growth over the forecast period. New supercomputing facilities are coming up in the region in line with the advances in technology, which bodes well for the growth of the regional market. The U.S. is already home to the top 5 supercomputers. The U.S. held the largest share of over 70.0% in 2019 and is expected to maintain its lead over the forecast period
Market players are entering into partnerships and collaborations with each other as part of their efforts to strengthen their position in the market. For instance, in September 2019, Intel Corporation announced that it had entered into a strategic partnership with Oracle. According to the partnership, Oracle would integrate capabilities of Intel’s Optane DC persistent memory into its next-generation platforms.

Core Banking Software Market Size Worth $16.38 Billion By 2027

The global core banking software market size is expected to reach USD 16.38 billion by 2027, registering a CAGR of 7.5% from 2020 to 2027 according to a new report by Grand View Research, Inc. Core banking software and services are seeing an increased rise in demand as they enable customers to access their bank accounts and undertake basic transactions from any branch office of their bank, among other benefits. Core banking is often associated with retail banking, with many banks treating their retail customers as core banking customers and managing businesses via their corporate divisions.

The advent of telecommunication and computer technology is allowing businesses to share banking information with bank branches efficiently and quickly. Moreover, banks are focusing on moving to core banking applications to support their banking operations via a Centralized Online Real-time Exchange (CORE) of transaction data. Financial institutions and banks are adopting core banking software as it enables them to facilitate decision making through real-time reporting and analytics.

Large financial institutions are focusing on implementing their custom care core banking systems. Additionally, credit unions and numerous community banks are outsourcing their core banking systems, thereby driving the market growth. Large financial institutions and banks are increasingly realizing the need to focus on ways of achieving customer delight, thereby creating growth opportunities for the market.

While the market is expected to witness steady growth in the near future, the COVID-19 pandemic is anticipated to adversely impact the market to a certain extent. However, the increasing demand for managing customer accounts from a single or centralized server is expected to fuel market growth. Increasing investments in core banking system updates to handle a growing volume of product-channel banking transactions is anticipated to propel the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/core-banking-software-market

Further key findings from the report suggest:

The enterprise customer solutions segment is expected to witness significant growth over the forecast period as these solutions help banks in streamlining current business processes with advanced banking technology
The core banking managed services model provides banks and financial institutions with a competitive edge by ensuring high usability, complete functionality, bug-fixing, and timely upgrades. This, in turn, is expected to drive the growth of the segment over the forecast period
Banks and financial institutions can leverage the power of cloud-based applications. Core banking solutions are deployed and developed as a set of flexible microservices with the help of Platform-as-a-Service (PaaS) tools. These solutions help banks and financial institutions in reducing operational costs, boost performance, and accelerate business growth, thereby driving the adoption of cloud-based solutions
The growing need to increase productivity and operational efficiency of banks is expected to drive the adoption of core banking software across banks over the forecast period
The promising rate of development of rural and private banking in developing economies such as China and India is anticipated to create growth opportunities for the Asia Pacific regional market

Data Monetization Market Worth $7.34 Billion By 2027

The global data monetization market size is expected to reach USD 7.34 billion by 2027, registering a CAGR of 24.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Data monetization is a strategy used by several organizations to increase their revenue. It is the process of utilizing data to obtain quantifiable economic benefits. There are two types of data monetization techniques, direct data monetization, and indirect data monetization.

There are several types of data monetization methods wherein organizations use data to discover new customers and business opportunities. These data monetization methods are data as a service, insight as a service, analytics-enabled platform as service, and embedded analytics. The analytics-enabled platform as a service method is anticipated to witness significant growth as it provides real-time access to data on the cloud along with consistent triggers/alerts.

Data monetization is expected to be a catalyst for several brands as it enables them towards becoming a pioneer in data-driven principles. It creates new revenue streams for organizations. Additionally, it also promotes companies to reduce operating costs and overall general expenses and enables them to take adequate actions in improving their sales. Several end-use industries have leveraged the benefits of data monetization, and many more are moving towards data monetization.

For instance, data monetization offers geofencing and geotargeting in the retail and tourism industries. For the healthcare sector, government, and advertisement agencies, it ensures density planning and traffic flow. Similarly, it provides fraud detection for credit card companies and financial institutes. It offers smart targeting, Internet of Things (IoT), click-stream insights for digital and brand advertisers, and several other companies. Such factors are anticipated to power market growth over the forecast period.

However, factors such as data security and privacy, rising complexities in data structures, and varying regulatory policies are anticipated to hinder the market growth over the forecast period. Nevertheless, data monetization is capable of identifying and mitigating risk, improving compliance, streamlining planning and decision making, and creating a competitive advantage in the market. It has significantly shadowed market hindering factors and has enabled organizations to take adequate measures.

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https://www.grandviewresearch.com/industry-analysis/data-monetization-market

Further key findings from the study suggest:

SMEs are anticipated to expand at a CAGR of over 30% from 2020 to 2027. Rising demand for BI has significantly impacted the adoption of data monetization amongst SMEs
The insight as a service segment is anticipated to expand at a CAGR of over 20% from 2020 to 2027. This is attributable to the ability of the method to combine external and internal data sources and use analytics to provide insights to customers
The manufacturing segment was valued at over USD 200.0 million in 2019 and is expected to exceed USD 1,300.0 million by 2027, expanding at a CAGR of over 24% from 2020 to 2027. This is attributed to the rising usage of data monetization in the automotive industry
For instance, in the automotive industry, data monetization ensures several benefits, such as tracking in case of real-time diagnostics and predictive maintenance. Technological advancements and increased digitalization resulted in easy tracking of vehicle performance. The implementation of IoT, telematics, and automation is also expected to increase the market demand in the industry

Education Technology Market Size Worth $285.2 Billion By 2027

The global education technology market size is anticipated to reach USD 285.2 billion by 2027, growing at a CAGR of 18.1% from 2020 to 2027, according to a new report by Grand View Research, Inc. Technology has revolutionized the process of learning. From Massive Open Online Courses (MOOCs) to virtual classrooms, the education technology (EdTech) sector has emerged rapidly, leading to an influx of massive investments worldwide. Countries across the globe are realizing the potential of integrating technology to enhance student learning, enabling education leaders to undertake range of initiatives in integrating EdTech into their education systems, schools, and classrooms.

Developed economies, including U.S., U.K., and Germany, are at the forefront of developing and introducing innovative education technology offerings, supporting education administration, student and community engagement, and reducing teacher workload. On the other hand, emerging economies, such as India, are focusing on utilizing such technologies to provide access to educate their population. As a result, EdTech is anticipated to foresee substantial growth in such economies to educate the rapidly growing population rather than building a well-developed institute.

Technological advancements, such as artificial intelligence (AI), robotics, and augmented reality (AR)/virtual reality (VR), and their integration into learning are anticipated to transform the conventional techniques of teaching. These cross-curricular learning opportunities in the EdTech sector are expected to enable institutes and teachers to streamline resource commitments as well as develop students’ knowledge through practical and cross-curricular applications.

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https://www.grandviewresearch.com/industry-analysis/education-technology-market

Further key findings from the report suggest:

Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system towards online-based EdTech solutions
Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings
Cloud computing technology is used to store vital resources, such as audio/video lessons, written lessons, and assignments, on a school’s cloud terminal. These resources can be accessed by students as per their convenience
Widespread use of mobile devices and tablets is leading to the use of gamification and immersive learning in educational institutions for an interactive and enhanced learning experience.

Gesture Recognition Market Worth $30.6 Billion By 2025

The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

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https://www.grandviewresearch.com/industry-analysis/gesture-recognition-market

Further key findings from the report suggest:

Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market
The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period
Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period
The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

Web Hosting Services Market Size Worth $171.4 Billion By 2027

The global web hosting services market size is expected to reach USD 171.4 billion by 2027, registering a compound annual growth rate (CAGR) of 15.5% over the forecast period, according to a new study by Grand View Research, Inc. The rapidly growing adoption of smartphones, coupled with the increasing internet penetration rate is anticipated to boost the market growth. The growing number of websites has also contributed to the growth of the market.

The rising number of small and medium enterprises is one of the significant growth contributors. These enterprises use web hosting services to increase their presence over the internet. The shift in the customer buying behavior from brick and mortar stores to online channels has made organizations develop and expand their online presence. Companies all over the globe are massively investing in increasing their business presence over the online channels. Additionally, the growth in internet users, coupled with growing inclination toward online purchasing, has also resulted in increased traffic on big business websites and mobile applications, especially those engaged in e-commerce activities. Therefore, these large-scale enterprises opt for private servers to host their website. Private servers enable these companies to effectively manage their heavy traffic on websites with improved security accesses.

Moreover, individuals also host their content over the internet to make it available for everyone who wants to access it. This content can be in the form of a personal website, blogs, and vlogs, among others. People access these websites or blogs to gain information or insights related to a wide variety of topics, including science, technology, medicine, environment, among several others. Although individuals are observed to be contributing less than 10% in the overall market, web hosting service providers tend to offer various plans to increase their customer base.

The market is expected to witness significant growth as a result of COVID-19 outbreak. The pandemic has resulted in increased use of websites for placing orders and hence made most of the companies to change the way business is conducted. Most of the companies have switched to doing their business online. Therefore, in the coming years, companies will focus on developing their online presence to cater to such unprecedented times. This increasing focus on conducting online business activities is expected to positively influence the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/web-hosting-services-market

Further key findings from the study suggest:

The shared hosting segment dominated the market with a share of 37.64% in 2019, attributed to the high adoption and lower cost of shared hosting plans offered by the companies
The public website segment held the largest share in the market owing to the growing number of small and medium businesses, especially in the e-commerce sector
The hybrid segment is anticipated to register a CAGR of more than 15% in 2019 owing to its benefits of an affordable cost and enhanced security
In 2019, small and medium enterprises accounted for the largest share in the market due to the presence large number of SMEs across the globe
The U.S. market is anticipated to account for the highest market share from 2020 to 2027, owing to the presence of large number of service providers in the country

Audiobooks Market Size Worth $15.0 Billion By 2027

The global audiobooks market size is expected to reach USD 15.0 billion by 2027, expanding at an estimated CAGR of 24.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. Owing to the flexibility of the audiobooks to cater to the varied audiences, including non-English speaking, physically-abled, multi-taskers, and people who prefer reading over watching television, the market has gained enormous traction over recent years. Furthermore, the technological advancements in publishing industry, such as email distribution of manuscripts, digital editing and the use of smartphones or tablets instead of hard copy scripts, and reduction in distribution costs are some of the other driving factors for this market.

The versatility of audiobooks is anticipated to create opportunities as the target audience is able to listen to the content during commute times and while performing daily chores or along their hobbies. According to an annual survey conducted by Audio Publishers Association (APA) in 2018, 74.0% of people listen to paperback content in their cars during their travel time using in-dash or infotainment systems. Also, the survey determined that the proliferation of smart speakers or personal digital assistants thrives well for the market growth in future.

Furthermore, the emergence of digital transformation technologies is anticipated to likely harness innovations. For instance, key market participants are now incorporating Artificial Intelligence (AI) for recommending personalized results to their users based on their listening history. The other attributes offered by AI, such as automating narrations of recorded contents to upgrade the text-to-speech technologies and creating summaries of files with key takeaways, are likely to propel the market growth during the forecast period.

Furthermore, the ongoing COVID-19 outbreak has led to stringent lockdowns in various countries where most of the people worldwide are maintaining social distancing. Shutting down public libraries and schools indefinitely to reduce community gatherings has majorly impacted the conventional print & publishing industry, thereby benefiting the audiobooks market. On account of the ‘stay-at-home’ orders issued by governments worldwide due to this pandemic, public and private libraries are opting for audio as well as video digital resources, including audiobooks and e-books to ensure the active engagement of their audiences.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/audiobooks-market

Further key findings from the report suggest:

In 2019, fiction genre accounted for over 65.0% of the total revenue share
The kids segment is anticipated to witness the fastest expansion with an expected CAGR of over 25.0% over the next seven years
U.S. and China accounted for the largest revenue share in 2019 and are anticipated to continue their dominance in the market from 2020 to 2027
The subscription-based model is expected to grow at a faster rate as compared to the one-time download model as the one-time tariff system is more expensive

Driving Simulator Market Worth $6.1 Billion By 2027

The global driving simulator market size is expected to reach USD 6.1 billion by 2027, registering a CAGR of 3.4% over the forecast period, according to a new study by Grand View Research, Inc. Increasing research & development activities focused on developing autonomous vehicles, coupled with growing demand for advanced driving assistance systems, are expected to drive the market in the forecast period. The use of simulators for vehicle testing helps automotive manufacturers to assess the real-time performance of the vehicles in a dynamic but controlled environment.

Driving simulator acts as a training platform for training new as well as experienced drivers for commercial and project-oriented purposes. These machines are used for providing driving lessons ranging from basic to expert levels. Moreover, they help the trainers and the researchers in determining the behaviour patterns of the drivers under several unavoidable circumstances, including sudden braking.

Furthermore, simulators are used across various platforms in the aviation industry to train pilots of commercial aircrafts and helicopters and military aircrafts. These machines are also gaining momentum in the motorsports and gaming industry. Car and bike simulators are increasingly used in gaming zones and arenas as well as amusement parks. They enable higher player engagement in the game, thereby increasing their popularity globally.

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https://www.grandviewresearch.com/industry-analysis/driving-simulator-market

Further key findings from the study suggest:

The full-scale simulator type segment held a major share of approximately 41% in 2019 owing to its lower cost as compared to other types
By application, the research and testing segment dominated the driving simulator market in 2019 and is expected to expand at the highest CAGR during the forecast period owing to the advent of autonomous vehicles in the market
Based on end use, the aviation segment held a major share in 2019 owing to the increased air traffic and growing safety concerns among passengers
Europe accounted for the largest share in 2019, followed by North America. Presence of major automotive manufacturers is driving the regional market
Prominent players in the driving simulator market include Thales Group; L3 Technologies Inc.; CAE, Inc.; Bosch Rexroth AG; and Anthony Best Dynamics Limited.