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Europe Immersive Simulation Market Size, Share & Trends Analysis Report By Application, By Component (Hardware, Software, and Services), By Technology Type, By Industry, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Feb 21, 2025
Length 168 Pages
SKU # KBV19639080

Description

The Europe Immersive Simulation Market would witness market growth of 30.1% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Immersive Simulation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,764.8 million by 2031. The UK market is exhibiting a CAGR of 29% during (2024 - 2031). Additionally, The France market would experience a CAGR of 31.3% during (2024 - 2031).

These simulations are also used in product design, particularly in industries like automotive, aerospace, and consumer electronics. Engineers and designers use VR and AR to visualize prototypes, test product performance, and assess functionality in virtual environments before moving on to the manufacturing stage.

For example, automotive companies use these simulations to test vehicle designs, run crash tests, and improve safety features without the need for physical models. Engineers can interact with digital models of the vehicles, assessing their performance in various virtual conditions. Similarly, in the aerospace industry, these simulations are used to develop and test aircraft designs, helping to optimize efficiency, safety, and aerodynamics.

Europe is becoming a key player in the market, driven by the growing adoption of advanced technologies across various industries. The steady rise in industrial output, supported by favourable economic conditions and technological advancements, is fuelling the demand for these simulation solutions in Europe. The industrial production sector in the European Union (EU) has witnessed significant growth in recent years, creating new opportunities for these simulation solutions. In 2021, industrial production in the EU increased by 8% compared to 2020, followed by a further 5% growth in 2022 compared to 2021. This consistent upward trend reflects a strong recovery and expansion in European industries. Additionally, the value of sold production surged from €5,209 billion in 2021 to €6,179 billion in 2022, a remarkable 19% increase in nominal terms. This rapid industrial growth is driving demand for immersive simulation technologies for workforce training, process optimization, and equipment simulation. Thus, the rising industrial production in Europe, coupled with technological advancements and government initiatives, is a major driver for the market.

Based on Application, the market is segmented into Training & Learning, Product Development, Emergency Services, Sales & Marketing, and Other Application. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Technology Type, the market is segmented into Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), and Other Technology Type. Based on Industry, the market is segmented into Media & Entertainment, Aerospace & Defense, Education, Gaming, Manufacturing, Automotive, Healthcare, Retail & E-commerce, and Other Industry. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Microsoft Corporation
  • Meta Platforms, Inc.
  • Magic Leap, Inc.
  • IBM Corporation
  • NVIDIA Corporation
  • Autodesk, Inc.
  • Lockheed Martin Corporation
  • Siemens AG
  • EON Reality, Inc.
  • Sony Corporation
Europe Immersive Simulation Market Report Segmentation

By Application
  • Training & Learning
  • Product Development
  • Emergency Services
  • Sales & Marketing
  • Other Application
By Component
  • Hardware
  • Software
  • Services
By Technology Type
  • Virtual Reality (VR)
  • Augmented Reality (AR)
  • Mixed Reality (MR)
  • Other Technology Type
By Industry
  • Media & Entertainment
  • Aerospace & Defense
  • Education
  • Gaming
  • Manufacturing
  • Automotive
  • Healthcare
  • Retail & E-commerce
  • Other Industry
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

168 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Immersive Simulation Market, by Application
1.4.2 Europe Immersive Simulation Market, by Component
1.4.3 Europe Immersive Simulation Market, by Technology Type
1.4.4 Europe Immersive Simulation Market, by Industry
1.4.5 Europe Immersive Simulation Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2022, Jun – 2024, Dec) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Immersive Simulation Market by Application
5.1 Europe Training & Learning Market by Country
5.2 Europe Product Development Market by Country
5.3 Europe Emergency Services Market by Country
5.4 Europe Sales & Marketing Market by Country
5.5 Europe Other Application Market by Country
Chapter 6. Europe Immersive Simulation Market by Component
6.1 Europe Hardware Market by Country
6.2 Europe Software Market by Country
6.3 Europe Services Market by Country
Chapter 7. Europe Immersive Simulation Market by Technology Type
7.1 Europe Virtual Reality (VR) Market by Country
7.2 Europe Augmented Reality (AR) Market by Country
7.3 Europe Mixed Reality (MR) Market by Country
7.4 Europe Other Technology Type Market by Country
Chapter 8. Europe Immersive Simulation Market by Industry
8.1 Europe Media & Entertainment Market by Country
8.2 Europe Aerospace & Defense Market by Country
8.3 Europe Education Market by Country
8.4 Europe Gaming Market by Country
8.5 Europe Manufacturing Market by Country
8.6 Europe Automotive Market by Country
8.7 Europe Healthcare Market by Country
8.8 Europe Retail & E-commerce Market by Country
8.9 Europe Other Industry Market by Country
Chapter 9. Europe Immersive Simulation Market by Country
9.1 Germany Immersive Simulation Market
9.1.1 Germany Immersive Simulation Market by Application
9.1.2 Germany Immersive Simulation Market by Component
9.1.3 Germany Immersive Simulation Market by Technology Type
9.1.4 Germany Immersive Simulation Market by Industry
9.2 UK Immersive Simulation Market
9.2.1 UK Immersive Simulation Market by Application
9.2.2 UK Immersive Simulation Market by Component
9.2.3 UK Immersive Simulation Market by Technology Type
9.2.4 UK Immersive Simulation Market by Industry
9.3 France Immersive Simulation Market
9.3.1 France Immersive Simulation Market by Application
9.3.2 France Immersive Simulation Market by Component
9.3.3 France Immersive Simulation Market by Technology Type
9.3.4 France Immersive Simulation Market by Industry
9.4 Russia Immersive Simulation Market
9.4.1 Russia Immersive Simulation Market by Application
9.4.2 Russia Immersive Simulation Market by Component
9.4.3 Russia Immersive Simulation Market by Technology Type
9.4.4 Russia Immersive Simulation Market by Industry
9.5 Spain Immersive Simulation Market
9.5.1 Spain Immersive Simulation Market by Application
9.5.2 Spain Immersive Simulation Market by Component
9.5.3 Spain Immersive Simulation Market by Technology Type
9.5.4 Spain Immersive Simulation Market by Industry
9.6 Italy Immersive Simulation Market
9.6.1 Italy Immersive Simulation Market by Application
9.6.2 Italy Immersive Simulation Market by Component
9.6.3 Italy Immersive Simulation Market by Technology Type
9.6.4 Italy Immersive Simulation Market by Industry
9.7 Rest of Europe Immersive Simulation Market
9.7.1 Rest of Europe Immersive Simulation Market by Application
9.7.2 Rest of Europe Immersive Simulation Market by Component
9.7.3 Rest of Europe Immersive Simulation Market by Technology Type
9.7.4 Rest of Europe Immersive Simulation Market by Industry
Chapter 10. Company Profiles
10.1 Microsoft Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Meta Platforms, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segment and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.6 SWOT Analysis
10.3 Magic Leap, Inc.
10.3.1 Company Overview
10.3.2 Recent strategies and developments:
10.3.2.1 Partnerships, Collaborations, and Agreements:
10.3.2.2 Product Launches and Product Expansions:
10.3.3 SWOT Analysis
10.4 IBM Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional & Segmental Analysis
10.4.4 Research & Development Expenses
10.4.5 SWOT Analysis
10.5 NVIDIA Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Autodesk, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Acquisition and Mergers:
10.6.6 SWOT Analysis
10.7 Lockheed Martin Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Siemens AG
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.6 SWOT Analysis
10.9 EON Reality, Inc.
10.9.1 Company Overview
10.9.2 Recent strategies and developments:
10.9.2.1 Partnerships, Collaborations, and Agreements:
10.10. Sony Corporation
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 SWOT Analysis

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