Global Gaming Simulators Market 2017-2021
Global outlook of the gaming simulators market
Technavio’s market research analysts predict the global gaming simulators market to grow steadily at a CAGR of more than 17% by 2021. This industry research report identifies the integration of gaming simulators with virtual reality (VR) headsets to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the emergence and adoption of VR headsets as a substitute for LED screens, the coming years will witness an increasing integration of virtual reality headsets with game simulators. This will enhance the gaming experience for users, subsequently driving market growth.
In terms of geography, the Americas will be the major revenue contributors to the market throughout the next four years. The rise in the average disposable income of people in North America that has made gaming simulators more affordable will be the major factor driving market growth in this region.
Competitive landscape and key vendors
The market consists of a limited number of vendors and is not very competitive. Product features, technology, content quality, and pricing are some of the major factors that vendors usually compete on. The increasing trend of adopting advanced technologies such as virtual reality among vendors will intensify the market’s competitive environment. To sustain the competition and improve their global positions, vendors have the need to develop innovative technologies and also stay informed about the emerging technologies that could influence their service lines.
The leading vendors in the market are -
- CXC Simulations
- D-BOX Technologies
The other prominent vendors in the market are Aeon Sim, Hammacher Schlemmer, Hexatech Hexathrill, Norman Design, SimXperience, and Sony Computer Entertainment.
Segmentation by game type and analysis of the gaming simulators market
During 2016, the racing games segment accounted for the major shares and dominated the market. Analysts predict that though the segment will witness a significant drop in market shares, it will continue to dominate the throughout the predicted period as well.
Segmentation by end-users and analysis of the gaming simulators market
According to this market research and analysis, the commercial user's segment will account for the major market shares and dominate the gaming simulator market throughout the predicted period. The increased purchase of gaming simulators by various businesses will aid in the growth of the market in this segment.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global gaming simulators market?
- What are the key market trends impacting the growth of the global gaming simulators market?
- What are the challenges to market growth?
- Who are the key vendors in the global gaming simulators market?
- What are the market opportunities and threats faced by the vendors in the global gaming simulators market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global gaming simulators market?
Technavio also offers customization on reports based on specific client requirement.