The motion simulation market is expected to grow at a sturdy CAGR of 10.8% during the forecast period. By 2032, the market is expected to reach a valuation of USD 56750 million, and as of 2022, the market has a valuation of USD 20400 million.
Increased demand for cost-effective training, coupled with a need to increase the productivity of the existing systems, is expected to increase the demand for motion simulation during the forecast period.
Even if we compare the historical CAGR with the anticipated CAGR for the forecast period, the numbers seem to suggest that the application of motion simulation software would certainly increase. The historical CAGR for the market was 8.3%, and the expected CAGR for the forecast period is 10.8%. Thanks to the number of ways in which the motion simulation is put into application.
Report Attribute | Details |
---|---|
Motion Simulation Market Valuation as on 2022 | USD 20400 million |
Motion Simulation Market Anticipated Value (2032) | USD 56750 million |
Motion Simulation Market Projected Growth Rate (2022 to 2032) | 10.8% |
One of the biggest advantages associated with the application of motion simulation is that it provides complete information about kinematics, which mainly deals with position, velocity and acceleration, thereby assisting in exercise simulation.
Apart from that, these provide information on the dynamics associated with systems which include joint reactions and power requirements of a moving mechanism. Understanding these variables become useful, especially when there is a need to train certain groups on a few aspects, as these play a critical role in light simulation and impact simulation. These aspects become critical when the investors are on the lookout for ways to train their employees using better technologies pertaining to force and motion simulation.
Regulatory changes backed by the defence bodies, coupled with an increase in the application of cloud-based simulation software, are expected to increase the demand for motion simulation during the forecast period.
Moreover, there is also increased adoption of the CAD model, which works in coherence with the motion simulator platform. This as well is expected to boost the market going ahead.
Based on the End Use application, it was observed that the defence segment had the highest market share.
The usage of projectile motion simulation becomes extremely crucial in the case of training provided by defence bodies. The intention behind employing the motion simulation is to provide the trainees with real-time training in a virtual setup and prepare them for specific situations. This as well is expected to increase the demand for motion simulation going ahead.
One of the most sought-after applications by investors is the ability of the motion simulation to check for interferences. The motion simulation seemingly conducts the interference checks in real-time and provides the exact position of the mechanical components and interfering volumes, thereby assisting in force simulation. It has been anticipated that North America would be the largest market for motion simulation, followed by Europe during the forecast period.
However, if we talk about the fastest-growing market, it is the Asia Pacific. The reason is that the countries like India, China, and Japan are continuously upgrading their defence capabilities. Motion simulation is an important aspect of the defence sector as it is being employed mainly for training purposes.
Apart from that, motion simulation is being increasingly employed for various other purposes, like the upgradation of existing industrial capabilities, increasing usage of simulation games etc. If we talk about one sector where motion simulation is being increasingly implemented, it is the healthcare sector. The reason is that it makes it easier for medical practitioners to understand the effects of newly tested drugs on a human body in a virtual environment instead of testing it directly on a human body.
However, a lack of fidelity related to motion simulation might potentially hamper the growth of the motion simulation market.
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Lack of validity in some cases
In spite of all the advantages provided by motion simulation, there are a lot of cases where the outcome of the test conducted in the simulated environment was very much different from that obtained when the product/service was put into application on a real-time basis.
Works on the principle of one size fit all
When the sample test is being conducted under simulated conditions, there are chances that the outcome is entirely based only on the available samples, instead of working on the larger good. This might create complications in the process going further, and the output might not match the set standards.
The North America motion simulation market is expected to be the largest market during the forecast period. In 2021, the region held a market share of 37.6%.
The motion simulation market is mainly used in the defence sector in North America.
Based on the reports, it was found that the USA alone spent a whopping USD 801 billion to expand its defence capabilities. Additionally, the defence sector makes heavy investments in the usage of motion simulation. Apart from that, motion simulation is being increasingly implemented in the gaming sector in the region.
The Europe motion simulation market is expected to be one of the most critical markets for motion simulation during the forecast period. Europe had a market share of 22.3% in 2021.
In Europe as well, motion simulation is being increasingly employed for the defence sector.
However, motion simulation is being increasingly employed in the healthcare sector in the region. For example, Polhemus delivers six degrees of freedom motion measurement systems and handheld 3D laser scanners, which are used in medical simulation systems, and assist in identity simulation as well.
With developments taking place on a daily basis in the motion simulation market, start-up players are tapping into those sectors where the usage of motion simulation was never expected. The start-ups are bringing in innovative ways of making use of motion simulations.
Some of the start-ups are:
Dynisma: Dynisma is redefining automotive motion simulation. The company assists automotive manufacturers to simulate a ride in their vehicles before even building a car, allowing them to assemble the vehicle within a short span of time.
Improbable: Improbable has always believed in large and complex simulations as the next fundamental breakthrough in any technology. They are developing platforms wherein the objects in the simulations will change the response based on the environment.
Improbable is on track to raise funding of nearly USD 100 million, thereby increasing its valuation to more than USD 3 billion.
In a bid to expand the portfolio, the key players are now collaborating with microelectronics giants to develop a 3D integrated circuit hybrid bonding workflow, based on wafer-on-wafer and chip-on-wafer technologies.
Apart from that, the key players are also investing in mergers and acquisitions to reach out to new markets and expand their market share.
Some of the recent developments are:
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Report Attribute | Details |
---|---|
Growth Rate | CAGR of 10.8% from 2022 to 2032 |
Base Year for Estimation | 2022 |
Historical Data | 2016 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | End User, Technology, Type, Degree of Freedom, Region |
Regions Covered | North America; Latin America; Asia Pacific; Middle East and Africa(MEA); Europe |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
Key Companies Profiled | Bosch Rexroth AG; Siemens Industry Software B.V; CAE Inc. Dassault Systèmes; Laerdal Medical.; Moog Inc.; Gaumard Scientific; Cubic Corporation |
Customization | Available Upon Request |
The motion simulation market is projected to grow at a CAGR of 10.8% during the forecast period.
The motion simulation market has a valuation of USD 20400 million as of 2022.
The motion simulation market is expected to be valued at USD 56750 million by 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 5.1. Defense 5.2. Automotive 5.3. Entertainment 5.4. Mining 5.5. Healthcare 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Technology 6.1. Hydraulic 6.2. Electric 6.3. Pneumatic 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 7.1. Hardware 7.2. Software 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Degree of 8.1. Two Degrees of Freedom 8.2. Three Degrees of Freedom 8.3. Six Degrees of Freedom 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia & Pacific 9.5. East Asia 9.6. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Bosch Rexroth AG 18.2. Siemens Industry Software B.V. 18.3. CAE Inc. 18.4. Dassault Systèmes 18.5. Laerdal Medical 18.6. Moog Inc. 18.7. Gaumard Scientific 18.8. Cubic Corporation 18.9. Human Solutions 18.10. Thoroughbred Technologies 19. Assumptions & Acronyms Used 20. Research Methodology
Technology
April 2017
REP-GB-2075
215 pages
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