The racing simulator market is projected to grow from $500 million in 2024 to $1.1 billion by 2030 at a compound annual growth rate of 15.6%, according to a new report by MarketsandMarkets. 

The growth of the racing simulator market is mainly driven by the rising e-sports tournaments and leagues, inclination towards professional motor racing events, constant advancement in simulation technology, rising affordability and easy accessibility. Further, the inclusion of virtual reality and AI technology in racing simulators and a growing focus on professional training and recreational gaming would prompt the development of the racing simulator market globally.

The report is available for download as a PDF through the Market and Markets webpage here.