Global Military Simulation and Virtual Training Market 2024-2028

Global Military Simulation And Virtual Training Market 2024-2028

The military simulation and virtual training market is forecasted to grow by USD 6.04 bn during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the military simulation and virtual training market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the cost-effectiveness of virtual training, increasing investments in simulation activities, and rising collaborations among vendors.

Technavio's military simulation and virtual training market is segmented as below:

By Product

• Flight simulators
• Maritime simulators
• Combat simulators

By Environment

• Synthetic
• Gaming

By Geographical Landscape

• North America
• APAC
• Europe
• Middle East and Africa
• South America

This study identifies the increased emphasis on portable simulators and head-worn VR systems as one of the prime reasons driving the military simulation and virtual training market growth during the next few years. Also, the rising use of AI in military simulation and virtual training and increased focus on virtual military boot camps will lead to sizable demand in the market.

The report on the military simulation and virtual training market covers the following areas:

• Military simulation and virtual training market sizing
• Military simulation and virtual training market forecast
• Military simulation and virtual training market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military simulation and virtual training market vendors that include BAE Systems Plc, Bohemia Interactive Simulations ks, CAE Inc., Cubic Corp., Fidelity Technologies Corp., Groupe Gorge, HAVELSAN Inc., Inveris Training Solutions, Kratos Defense and Security Solutions Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Parker Hannifin Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co.. Also, the military simulation and virtual training market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.