Quick Summary:
The Military Aerospace Simulation and Training market is poised for substantial growth, predicted to reach an impressive US$12.4 billion by 2030. This sector, currently estimated at US$8.5 billion in 2022, represents a dynamic arena of military technology, offering unparalleled value to governmental defense departments, private military contractors, and aviation technology firms globally.
For decision-makers contemplating a strategic investment, our comprehensive market research report offers indispensable insights. We delve into the promising Virtual segment, forecast to grow at a 5.3% CAGR and hit US$7.7 billion by the end of the decade. Furthermore, we offer an in-depth exploration of geographical markets, highlighting the United States and China's notable positions. Our analysis goes beyond the numbers, covering major competitors and emerging trends. Harness our data-driven insights to carve a successful pathway in this rapidly evolving market.
Global Military Aerospace Simulation and Training Market to Reach $12.4 Billion by 2030
The global market for Military Aerospace Simulation and Training estimated at US$8.5 Billion in the year 2022, is projected to reach a revised size of US$12.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Virtual, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$7.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Live segment is readjusted to a revised 4.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.5 Billion, While China is Forecast to Grow at 4.6% CAGR
The Military Aerospace Simulation and Training market in the U.S. is estimated at US$2.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.Select Competitors (Total 44 Featured) -
- Advanced Simulation Corporation
- BAE Systems PLC
- Bluedrop Training & Simulation
- Boeing Company
- CACI International, Inc.
- CAE, Inc.
- Cubic Corporation
- Flyit Simulators, Inc.
- L3 Link Training & Simulation
- Rockwell Collins, Inc.
- SYTRONICS, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Military Aerospace Simulation and Training?
What is the growth rate of the Global Market for Military Aerospace Simulation and Training?
What is the forecasted size of the Global Market for Military Aerospace Simulation and Training?
Who are the key companies in the Global Market for Military Aerospace Simulation and Training?
| Report Attribute | Details |
|---|---|
| No. of Pages | 243 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 8.5 Billion |
| Forecasted Market Value ( USD | $ 12.4 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Advanced Simulation Corporation
- BAE Systems PLC
- Bluedrop Training & Simulation
- Boeing Company
- CACI International, Inc.
- CAE, Inc.
- Cubic Corporation
- Flyit Simulators, Inc.
- L3 Link Training & Simulation
- Rockwell Collins, Inc.
- SYTRONICS, Inc.
