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Global Military Simulation and Virtual Training Market Outlook 2028

  • ID: 5136536
  • Report
  • August 2020
  • Region: Global
  • Research Nester Pvt. Ltd

FEATURED COMPANIES

  • BAE Systems
  • CAE Inc.
  • Cubic Corporation
  • Elbit Systems
  • Other Notable Players
  • Rockwell Collins Inc.
Ongoing Research Report

In the News
July 2018: Northrop Grumman Corporation announced that it has been awarded with USD 128 million value contract by the U.S. Army for providing simulation and training as part of its program MTCCS - III Corps.

Introduction to Military Simulation and Virtual Training

Defense departments are reducing the size of their forces but aspire to achieve more efficient soldiers, pilots, and sailors through innovative simulation and virtual training systems. Military simulation and virtual training are an imperative part of military activities. In order to give training to the workforce in the Air, Naval, and Land-based domains, military simulation, and virtual training products are being legitimized by various defense ministries. Governments across the globe are taking an initiative in order to supply an affordable and precise simulation and virtual training system for their military forces. Simulation related to unmanned vehicle systems, combat operation, and medical treatment empowers to take the virtual pieces of training on a different framework. Military simulation can be used for training aspiring soldiers and to depict a real-time scenario with realistic computerized scenarios. The creation of constructive training, simulated environment, and scenario, along with the higher need for interoperability amongst the various platforms used for training are expected to drive military simulation and virtual training market. They aid to reduce the wear and tear of equipment, enable cost savings, and provides the ability to meet varied requirements. Moreover, simulation training nullifies the chances of accidents and loss of expensive military equipment.

Market Size and Forecast

The global military simulation and virtual training market is thriving on the back of the increasing instances of civil and political clashes, which is raising the requirement of skilled military personnel, and therefore the need for intensified training practices. Further, factors such as the growing adoption of flight simulators, constantly growing production cost of aircraft, and focus on reducing the flying time with reduced cost are propelling the growth of the global military simulator and virtual training market. On the other hand, the defense ministries of nations worldwide are rapidly opting for various virtual training and simulation-based games for the practice of the military personnel which are equipped with modern technologies, such as artificial intelligence (AI), big data, and cloud data which, in turn, is anticipated to promote towards the growth of the market.

The global military simulation and virtual training market is anticipated to display a notable CAGR over the forecast period i.e. 2020-2028. The market is segmented by application into ground, air and naval, out of which, the ground segment is estimated to hold the largest market share owing to the rise in procurement of land systems, such as combat training simulation systems, turret team training simulators and tactical training simulators, among others. According to The World Bank, military expenditure around the world increased from USD 1.631 trillion in the year 2016 to USD 1.782 trillion in the year 2018.

Growth Drivers

Growing Need for Simulation And Training Backed By The Increasing Deployment of Advanced Warfare Machines

Several nations around the globe are increasingly spending to equip themselves with advanced warfare machines as a safety measure for the security and integrity of their nation. These advanced military machines require proper training of the military personnel for its efficient use during a military warfare or during any emergency. As a result, there is an increasing need amongst the nations to train their military personnel with modern and advanced machines, which is anticipated to drive the growth of the global military simulator and virtual training market during the forecast period.

By Region

Based on region, the global military simulation and virtual training market are segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in North America is estimated to hold the largest market share in the military simulation and virtual training market over the forecast period on account of favorable government initiatives and the availability of advanced military infrastructure in the region. The U.S. Air Force is focusing on minimizing the flying hours to reduce cost and time and some of their programs include the army’s live training transformation (LTT) systems, F-35 aircrafts simulator US Air Force’s F-16 training system, and long-range strike-B simulators, among others. On the other hand, the market is expected to grow at the highest rate in Asia Pacific on account of the increasing defense budgets of major economies such as China, India, South Korea, and Australia, coupled with the rising research and development expenditure, thus supporting the availability of advanced military infrastructure and growth of military simulation and virtual training market in the region.

The military simulation and virtual training market are further classified based on region as follows:
  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Please note this is an ongoing research and will be delivered 8-9 working days after order confirmation. The TOC can be also be requested.
Note: Product cover images may vary from those shown
  • Thales Group
  • Cubic Corporation
  • CAE Inc.
  • Elbit Systems
  • Rockwell Collins Inc.
  • BAE Systems
  • Bohemia Interactive Simulations
  • Lockheed Martin Corporation
  • L3 Link Training & Simulation
  • Northrop Grumman Corporation
  • Other Notable Players
Please note the number of players as well as the addition/deletion can be done in the final deliverable as per the feasibility
Note: Product cover images may vary from those shown
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