PUBLISHER: The Business Research Company | PRODUCT CODE: 1503903
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503903
A simulated train is a computer-generated or virtual representation of a train and its operations within a simulated environment. It typically involves computer-generated simulations that mimic real-world train operations, including controls, signals, tracks, and scenarios. Simulated trains are commonly utilized for training purposes, providing railway operators or engineers with training in various scenarios without the need for real-world resources or risks.
The main components of a simulated train include hardware, software, and services. Hardware encompasses the physical components or equipment used in the system or technology, such as machinery, devices, and instruments. Various simulator types exist, including driving simulators, signal simulators, traffic simulators, disaster simulators, and others, catering to both passenger and freight applications.
The simulated train market research report is one of a series of new reports from The Business Research Company that provides simulated train market statistics, including simulated train industry global market size, regional shares, competitors with a simulated train market share, detailed simulated train market segments, market trends and opportunities, and any further data you may need to thrive in the simulated train industry. This simulated train market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The simulated train market size has grown rapidly in recent years. It will grow from $3.51 billion in 2023 to $4.12 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The expansion observed during the historical period can be attributed to several factors, including the growth of a community of train enthusiasts, the expansion of rail networks globally, the emergence of digital distribution platforms, improvements in accessibility features, and increased engagement within the community.
The simulated train market size is expected to see rapid growth in the next few years. It will grow to $7.88 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The anticipated growth in the forecast period can be attributed to several factors, including the transition towards subscription-based models, a heightened focus on sustainability and environmental awareness, evolving regulatory and safety standards, and sustained community engagement initiatives. Major trends expected in this period include advancements in AI technology, the trend towards multi-platform accessibility, improvements in graphics rendering technology and realism enhancement techniques, expanded content and customization options, and the development of user-generated content creation tools.
The expansion of railway infrastructure is poised to drive the growth of the simulated train market in the coming years. Railway infrastructure encompasses the physical elements and facilities of the railway system necessary for its operation, maintenance, and management. It supports the movement of trains and facilitates passenger or freight transportation efficiently and safely. The increasing development of railway infrastructure is attributed to the rising demand for sustainable transportation solutions to mitigate environmental impact and alleviate road congestion. Simulated train technology plays a crucial role in railway infrastructure by training personnel, testing new signaling systems, and simulating emergency scenarios to enhance safety and operational efficiency. For instance, in January 2024, total investment in the rail industry reached $12.15 (£9.7) billion in the year ending March 2023, marking a 15% increase from 2022, according to the Office for Statistics Regulation (OSR). Therefore, the expansion of railway infrastructure is a driving force behind the growth of the simulated train market.
Key players in the simulated train market are directing their efforts towards the development of advanced Driver Training simulators, such as metro driver training simulators, to bolster their market revenues. A metro driver training simulator is a simulation system designed to train individuals who operate metro trains. These simulators aim to provide a realistic and immersive experience that replicates the environment and challenges faced by metro train drivers in their daily operations. For example, in November 2021, Bharat Electronics Limited (BEL), in collaboration with Delhi Metro Rail Corporation (DMRC), introduced the Universal Driver Training Simulator for Rolling Stock (i-UDTS). This simulator system is tailored to train metro and railway train drivers and assess the driving skills of existing train operators for safety purposes. It represents a significant milestone as the first indigenously developed universal train driving simulator, adaptable for any metro system or railway. This reduces dependency on costly imports and offers flexibility for customization. The collaboration also aims to develop a digital maintenance platform called Super SCADA, integrating various maintenance solutions and transitioning towards predictive maintenance using artificial intelligence and machine learning.
In April 2023, Focus Entertainment, a French video game developer and publisher, acquired Dovetail Games (DTG) to strengthen its presence in the simulation gaming market, particularly in the train simulation genre. This acquisition aligns with Focus Entertainment's strategy to diversify its lineup and capitalize on the success of simulation games. Dovetail Games is a UK-based developer of simulation entertainment software, including train simulator software.
Major companies operating in the simulated train market are Thales Group, Alstom SA, Emerson Electric Co., Wabtec Corporation, Bombardier Transportation, Dassault Systemes, Saab AB, Indra Sistemas SA, Cubic Corporation, Epic Games Inc, HENSOLDT Simulation Solutions, MSC Software Corporation, ENSCO Inc., CORYS, PlayWay S.A., Lander Simulation & Training Solutions, SHERPA Engineering, Tecknotrove Systems Pvt Ltd., Simteract S.A., SIM FACTOR, MOSIMTEC LLC, InControl Enterprise, Operation Technology Inc., Real serious games pty ltd, Heartwood Inc., Virtual Railroads, Sydac Simulation Technologies India Private Limited
North America was the largest region in the simulated train market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the simulated train market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the simulated train market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The simulated train market consists of revenues earned by entities by providing services such as training simulators, maintenance simulations, driver experience simulations, and passenger experience simulations. The market value includes the value of related goods sold by the service provider or included within the service offering. The simulated train market also includes sales of virtual reality headsets, simulation software packages, controllers, sensors, and training modules that are used in providing immersive training experiences. 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.
Simulated Train Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on simulated train market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for simulated train ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The simulated train market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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