Global Virtual Training Market Growth (Status and Outlook) 2023-2029

Global Virtual Training Market Growth (Status and Outlook) 2023-2029

Virtual training is a simulated virtual environment which is created to assess the capabilities of trainees to select the right resource. The virtual training simulation is of two kinds, namely instructor-led training and non-instructor-supported training. Simulation, by definition is a process of imitation of an operation of a real world system or a process. Growing awareness virtual training and simulation has positively driven the market growth. Fields such as civil aviation, military, e-learning, serious gaming, simulation-based gaming, entertainment, digital manufacturing, and healthcare use the technology widely, due to it’s the advantages such as ease handling & understanding, offers virtual environment as close as real one, and efficiency of training.
LPI (LP Information)' newest research report, the “Virtual Training Industry Forecast” looks at past sales and reviews total world Virtual Training sales in 2022, providing a comprehensive analysis by region and market sector of projected Virtual Training sales for 2023 through 2029. With Virtual Training sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Virtual Training industry.
This Insight Report provides a comprehensive analysis of the global Virtual Training landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Virtual Training portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Virtual Training market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Virtual Training and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Virtual Training.
The global Virtual Training market size is projected to grow from US$ 67070 million in 2022 to US$ 189270 million in 2029; it is expected to grow at a CAGR of 16.0% from 2023 to 2029.
Global Virtual Training key players include L-3 Link Simulation & Training, CAE, Boeing, Thales, FlightSafety, etc. Global top five manufacturers hold a share about 30%. North America is the largest market, with a share about 45%, followed by Europe, with a share about 25 percent. In terms of product, Hardware is the largest segment, with a share about 65%. And in terms of application, the largest application is Entertainment, followed by Military, Civil Aviation, Medical, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Virtual Training market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Hardware
Software
Segmentation by application
Military
Civil Aviation
Medical
Entertainment
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
L-3 Link Simulation & Training
CAE
Boeing
Thales
FlightSafety
Airbus
Lockheed Martin
BAE Systems
Raytheon
Cubic
Rheinmetall Defence
ANSYS
Saab
Elbit Systems
Rockwell Collins

Please note: The report will take approximately 2 business days to prepare and deliver.