Gaming Simulators Global Market Report 2024

The gaming simulators market size has grown rapidly in recent years. It will grow from $7.14 billion in 2023 to $8.32 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The expansion observed in the historical period can be credited to the surging popularity of eSports, heightened demand for lifelike training aids, the proliferation of home entertainment setups, broadening internet access fostering online multiplayer engagements, an enlarged demographic of gamers, and enhanced affordability of top-tier gaming hardware.

The gaming simulators market size is expected to see rapid growth in the next few years. It will grow to $15.36 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The projected growth in the upcoming period can be attributed to a mounting desire for immersive gaming encounters, increasing disposable incomes, the burgeoning esports sector, expanding utilization in professional training and educational realms, and a rising need for lifelike training aids. Prominent trends anticipated in this period include progressions in virtual reality (VR) and augmented reality (AR) technologies, the integration of artificial intelligence (AI) to enrich user interactions, heightened adoption of mobile and cloud-based simulators, the advent of 5G technology enabling seamless and high-fidelity gameplay, advancements in haptic feedback mechanisms, and the rise of metaverse platforms.

The expansion of the gaming industry is poised to drive the growth of the gaming simulators market in the foreseeable future. The gaming industry encompasses the development, production, and distribution of digital games across various platforms, including consoles, computers, and mobile devices. It is currently experiencing a surge fueled by factors such as increased accessibility, technological advancements, and a wide array of gaming options. Gaming simulators play a crucial role in this ecosystem by offering immersive and realistic experiences that enhance player engagement, refine skills, stimulate technological innovation, and attract a broader audience, thereby fostering continuous market expansion. For example, data from Invest India indicates that transaction-based game revenues in India soared by 39% in 2022 compared to the previous year, surpassing INR 100 billion ($1.2 billion), with a significant increase in the number of first-time paying users, constituting 67% of Indian players. Consequently, the expansion of the gaming industry is propelling the growth of the gaming simulators market.

Key players in the gaming simulators market are embracing innovative design concepts, such as portability and compactness, to enhance user convenience and elevate the gaming experience. Portability and compactness in gaming simulators entail ease of transport and space-saving design, respectively, enabling users to enjoy immersive simulations anywhere without the need for dedicated spaces or permanent installations. These features cater to gamers' needs for flexibility and convenience. For instance, Next Level Racing, an Australia-based game simulator company, introduced the F-GT LITE Cockpit in March 2024. This portable full racing cockpit boasts an innovative design that allows users to seamlessly switch between Formula 1 and GT positions. Tailored for hardcore racers with space constraints, the F-GT Lite can be easily folded and stored, offering quick angle adjustments to accommodate diverse users while withstanding up to 150 kg (330 lbs.) of force at each hub. Such advancements in technology afford users unparalleled portability and versatility, enabling them to enjoy a full racing cockpit experience without the constraints of dedicated spaces.

In April 2023, Focus Entertainment, a France-based video game developer, bolstered its position in the simulation game genre by acquiring Dovetail Games for an undisclosed amount. This strategic move grants Focus Entertainment access to popular intellectual properties (IPs) such as Train Simulator Classic and Train Simulator World, reinforcing its foothold in the simulation game market. Dovetail Games, a UK-based video game developer, is renowned for its dedication to crafting simulation video games, aligning seamlessly with Focus Entertainment's objectives.

Major companies operating in the gaming simulators market are Logitech International S.A., Endor AG, Simetik, D-BOX Technologies Inc., Hammacher Schlemmer & Company Inc., Eleetus LLC, Playseat, CXC Simulations, Next Level Racing, Vesaro, Motion Simulation, CKAS Mechatronics Pty Ltd., Cruden, Thrustmaster, DOF Reality, Trak Racer, ImSim, Feel VR, GT Omega Racing Ltd., Proteus, GTR Simulator, VRX Simulators, SimCraft, SimXperience, Fasetech, Symdeck.

North America was the largest region in the gaming simulators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gaming simulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the gaming simulators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A gaming simulator, whether in software or hardware form, is an elaborate system designed to recreate real-life situations or environments for entertainment, training, or assessment. These simulators employ cutting-edge graphics, authentic physics, and interactive features to provide deeply engaging experiences.

The fundamental elements of gaming simulators comprise hardware and software. Hardware encompasses the tangible components essential for gaming, such as consoles, controllers, VR headsets, and gaming PCs. These are utilized by both residential and commercial users for a variety of games, ranging from shooting and fighting to racing simulations.

The gaming simulators market research report is one of a series of new reports that provides gaming simulators market statistics, including the gaming simulators industry global market size, regional shares, competitors with gaming simulators market share, detailed gaming simulators market segments, market trends, and opportunities, and any further data you may need to thrive in the gaming simulators industry. These gaming simulators market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The gaming simulators market consists of revenues earned by entities by providing services such as virtual trainer development, virtual sports training, and product testing. The market value includes the value of related goods sold by the service provider or included within the service offering. The gaming simulator market also includes sales of steering wheels, pedal sets, joysticks, yokes, VR headsets, haptic feedback devices, gaming chairs, and control panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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