SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Immersive Simulator - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
Edition: 8; Released: January 2022
Executive Pool: 17963
Companies: 41 - Players covered include Applied Research Associate, Inc.; Aveva Group PLC; Designing Digitally, Inc.; ESI Group; Mass Virtual, Inc.; Schneider Electric SA; Siemens AG; Talent Swarm and Others.
Coverage: All major geographies and key segments
Segments: Industry (Oil & Gas, Metals & Mining, Power & Energy, Other Industries); Simulation Environment (Console Operator, Field Operator)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Immersive Simulator Market to Reach $24.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Immersive Simulator estimated at US$4.5 Billion, is projected to reach a revised size of US$24.6 Billion by 2026, growing at a CAGR of 32.3% over the analysis period. Console Operator, one of the segments analyzed in the report, is projected to record a 32% CAGR and reach US$18.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Field Operator segment is readjusted to a revised 32.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.9 Billion in 2021, While China is Forecast to Reach $4.2 Billion by 2026
The Immersive Simulator market in the U.S. is estimated at US$1.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2026 trailing a CAGR of 31.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.2% and 27.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.8% CAGR. More
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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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