Simulation Games Market: Current Analysis and Forecast (2021-2027)

Simulation Games Market: Current Analysis and Forecast (2021-2027)

The global Simulation games market is expected to grow at a CAGR of 14% during the forecast period. Owing to the global simulation game market is primarily driven by the growing demand for live gaming experiences across the globe. Moreover, changing trends and growing developments in gaming and the technology industry is likely to fuel the growth of the simulation game market in the near future. Rising demand for simulation games in the education industry is also another driving factor that is expected to boom the market size during the next few years. Furthermore, the demand for gaming simulators is growing as gamers increasingly prefer immersive and realistic games. Gaming simulators hold the potential to cater to these changing preferences of gamers. At the same time, new platforms are also being launched to introduce new and innovative games. This is prompting the market players to develop advanced gaming simulators.

Insights Presented in the Report
"Amongst components, the hardware category accounted for the majority share in the market in 2020”

Based on component, the market is segmented into hardware and software. The hardware segment is expected to grab major market share owing to the growing popularity of virtual reality headsets that help improve the gaming experience, that will allow players on the market to develop advanced gaming simulator hardware.
"Amongst game type, the racing game segment is expected to witness the highest CAGR during the forecast period”

Based on game type, the market is segmented into shooting, fighting, racing, and others. The racing game segment is expected to dominate the market in the forthcoming years. The segment is uplifting on account of the growing adoption of virtual training solutions for racing drivers to improve their driving skills. Furthermore, advances in visualization with multi-screen displays and VR-enabled displays will also play a key role in driving the demand for racing simulators.
"Amongst end-use, the residential segment is expected to witness the highest CAGR during the forecast period”

Based on end-use, the market is segmented into residential and commercial. The residential segment dominated the simulation games market in 2020. Increasing demand for advanced gaming simulators for a better gaming experience is expected to drive the growth of the residential segment over the forecast period. Improving the gaming experience by introducing features such as gesture-based games and high-quality graphics is also expected to contribute to the growth of the housing sector.
"North America to witness significant growth during the forecast period”

The North America market is expected to dominate the simulation games market. The region is home to major market players. Also, the introduction of racing platforms at various theaters in North America to support motorsports and e-sports is also anticipated to drive the demand for gaming simulators in the region. The growing popularity of online games and the availability of custom-made gaming simulators are further expected to propel the growth of the regional market. Changing consumer trends, such as the rising preference for simulator-based video games as compared to other entertainment platforms, also bodes well for the growth of the North American regional market.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.