Market Overview

Global Military Simulation and Virtual Training Market 2018-2028: Cumulative Market Expected to Reach $128 Billion - ResearchAndMarkets.com

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Global Military Simulation and Virtual Training Market 2018-2028"

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The Global Military Simulation and Virtual Training Market 2018-2028
report offers a detailed analysis of the industry, with market size
forecasts covering the next ten years. This report will also analyze
factors that influence demand for military simulation and training
equipment, key market trends, and challenges faced by industry
participants.

The global military simulation and virtual training market is primarily
driven by military platform procurement programs undertaken by several
armed forces across the globe. Also, militaries are incorporating
simulation based training techniques to ensure safety, cut down
operating costs and wear and tear of machinery associated with real time
training.

With a number of defense ministries across the globe looking to improve
the cost effectiveness of operations, the need for low-cost simulators
with advanced artificial intelligence (AI) is expected to surge over the
forecast period. Moreover, the technology to develop military training
simulators has become more affordable, which in turn resulted in the
growth of homeland security and border patrol simulators.

Scope

  • The Global Military Simulation and Virtual Training Market is
    projected to value US$10.2 billion in 2018 and is expected to grow at
    a CAGR of 3.12% during the forecast period.
  • The cumulative market for global expenditure on military simulation
    and virtual training will reach US$128.5 billion over the forecast
    period.
  • In terms of segments, the military simulation and virtual training
    market is split into three segments: combat, flight, and maritime.
  • During the forecast period, flight simulators will lead the global
    military simulation and virtual training market, with a share of
    53.8%, followed by the maritime segment and combat simulators segments
    over the forecast period.

Companies Mentioned

  • Lockheed Martin
  • Boeing
  • CAE
  • Thales
  • Rockwell Collins
  • L-3 Link Training and Simulation
  • SaaB
  • Rheinmetall AG
  • Airbus
  • Cubic Global Defense Inc
  • Fidelity Technologies Corporation
  • Meggitt Training Systems
  • VirTra Systems
  • FAAC

For more information about this report visit https://www.researchandmarkets.com/research/32pfg5/global_military?w=4

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