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Racing Simulator Market Trends

  • Report ID: GMI8481
  • Published Date: Mar 2024
  • Report Format: PDF

Racing Simulator Market Trends

The rising popularity of esports is significantly boosting growth in the racing simulator industry, with increased demand for high-performance simulator setups tailored for competitive gaming. Professional esports competitions centered around racing games are attracting a growing audience of enthusiasts and spectators alike. For instance, in September 2023, Honda launched the Honda Racing eMS Gran Turismo Fastest Attack competition, propelling the rising popularity of esports and further augmenting the market growth. This initiative engaged enthusiasts with the immersive gaming experience of Gran Turismo 7, further fueling the market.
 

Simulators used for driver training represent a significant evolution within the racing simulator market. Professional-grade simulators offer realistic scenarios and feedback, enabling drivers to hone their skills in a controlled environment. This trend reflects a shift toward utilizing simulators for entertainment and practical applications within the motorsport industry. The adoption of simulators for driver training highlights their effectiveness in improving driver performance and safety, further proliferating the integration of simulators into professional racing teams' training regimens.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of racing simulator reached USD 1.8 billion in 2023 and is set to witness 3% CAGR from 2024 to 2032, owing to the rising collaborations between Formula 1 and racing simulator manufacturers worldwide.

The hardware segment recorded 69% market share in 2023, due to the advancements in peripherals, enhancing the realism and immersion of simulator experiences.

North America market held over 31% share in 2023, attributed to the increased adoption of esports competitions and enthusiast use in the region.

CXC Simulations, Endor AG, GTR Simulator, Logitech, Playseat, RSeat, SimCraft, Thrustmaster, and Vesaro, are some of the major racing simulator companies worldwide.

Racing Simulator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 290
  • Countries covered: 24
  • Pages: 260
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