Product Code: GVR-2-68038-717-9
Military Simulation And Virtual Training Market Growth & Trends:
The global military simulation and virtual training market size is expected to reach USD 18.75 billion by 2030, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.7% over the forecast period. Rising political instability and disputes coupled with the growing adoption of simulators and virtual training methods to safeguard the trainees are expected to drive the market. Rising prices of armed components and environmental concerns are expected to fuel demand for virtual training practices from the defense sector.
Over the past decade, the military simulation & virtual training market is gaining prominence as it is considered as a cost-effective solution for training the armed personnel to ensure their safety. However, the procurement of simulator and virtual training devices is primarily dependent on the purchase of military equipment such as fighter aircraft, tanks, gunneries, submarines, armored vehicles, helicopters, naval ships, and Unmanned Aerial Vehicles (UAVs). The current and future military expenditure is expected to influence the growth of the market from 2023 to 2030.
North America accounted for around 34.9% of global military spending in 2022 and is expected to lead the military simulation and virtual training market over the next few years. This growth can be attributed to the increasing demand and high defense expenditure of countries, such as the U.S. and Canada. However, Asia Pacific is expected to expand at the highest CAGR of 5.0% over the forecast period majorly driven by the increasing investments in the defense sector in countries such as China and India, which accounted for around 17% of the global military spending in 2017.
Military Simulation And Virtual Training Market Report Highlights:
- Flight simulation segment is expected to lead the military simulation and virtual training market over the forecast period owing to high spending in the aero-defense industry
- Air application segment is expected to continue leading over the forecast period due to the wide adoption of flight simulation techniques to reduce the penetration of live training, thus helping the government reduce operating costs
- North America is expected to be the largest regional segment over the forecast period owing to the huge investments in the U.S. defense industry
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Platform type
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Platform type outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Military Simulation & Training Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market opportunity analysis
- 3.4. Military Simulation & Training Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic landscape
- 3.4.2.3. Social landscape
- 3.4.2.4. Technological landscape
Chapter 4. Military Simulation & Training Market: Platform Type Estimates & Trend Analysis
- 4.1. Military Simulation & Training Market: Key Takeaways
- 4.2. Military Simulation & Training Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Flight Simulation
- 4.3.1. Flight simulation market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Vehicle Simulation
- 4.4.1. Vehicle simulation market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.5. Battlefield Simulation
- 4.5.1. Battlefield simulation market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.6. Virtual Boot Camp
- 4.6.1. Virtual boot camp market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Military Simulation & Training Market: Application Estimates & Trend Analysis
- 5.1. Military Simulation & Training Market: Key Takeaways
- 5.2. Military Simulation & Training Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Ground
- 5.3.1. Ground market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Air
- 5.4.1. Air market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Naval
- 5.5.1. Naval market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Military Simulation & Training Market: Regional Estimates & Trend Analysis
- 6.1. Regional Outlook
- 6.2. Military Simulation & Training Market by Region: Key Takeaway
- 6.3. North America
- 6.3.1. North America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.2. U.S.
- 6.3.2.1. U.S. market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.3.3. Canada
- 6.3.3.1. Canada market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4. Europe
- 6.4.1. Europe market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.2. UK
- 6.4.2.1. UK market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.3. Germany
- 6.4.3.1. Germany market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.4.4. France
- 6.4.4.1. France market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.2. Japan
- 6.5.2.1. Japan market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.3. China
- 6.5.3.1. China market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.4. India
- 6.5.4.1. India market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.5. Australia
- 6.5.5.1. Australia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.5.6. South Korea
- 6.5.6.1. South Korea market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6. Latin America
- 6.6.1. Latin America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.2. Brazil
- 6.6.2.1. Brazil market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.6.3. Mexico
- 6.6.3.1. Mexico market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7. MEA
- 6.7.1. MEA market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Saudi Arabia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.3. South Africa
- 6.7.3.1. Saudi Africa market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 6.7.4. UAE
- 6.7.4.1. UAE market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Market Participant Categorization
- 7.2.1. Northrop Grumman
- 7.2.1.1. Company overview
- 7.2.1.2. Financial performance
- 7.2.1.3. Product benchmarking
- 7.2.1.4. Strategic initiatives
- 7.2.2. Cubic Corporation
- 7.2.2.1. Company overview
- 7.2.2.2. Financial performance
- 7.2.2.3. Product benchmarking
- 7.2.2.4. Strategic initiatives
- 7.2.3. CAE Inc.
- 7.2.3.1. Company overview
- 7.2.3.2. Financial performance
- 7.2.3.3. Product benchmarking
- 7.2.3.4. Strategic initiatives
- 7.2.4. Aai Corporation
- 7.2.4.1. Company overview
- 7.2.4.2. Financial performance
- 7.2.4.3. Product benchmarking
- 7.2.4.4. Strategic initiatives
- 7.2.5. Collins Aerospace
- 7.2.5.1. Company overview
- 7.2.5.2. Financial performance
- 7.2.5.3. Product benchmarking
- 7.2.5.4. Strategic initiatives
- 7.2.6. Lockheed Martin Corporation
- 7.2.6.1. Company overview
- 7.2.6.2. Financial performance
- 7.2.6.3. Product benchmarking
- 7.2.6.4. Strategic initiatives
- 7.2.7. BAE Systems
- 7.2.7.1. Company overview
- 7.2.7.2. Financial performance
- 7.2.7.3. Product benchmarking
- 7.2.7.4. Strategic initiatives
- 7.2.8. L3Harris Technologies, Inc.
- 7.2.8.1. Company overview
- 7.2.8.2. Financial performance
- 7.2.8.3. Product benchmarking
- 7.2.8.4. Strategic initiatives
- 7.2.9. Bohemia Interactive Simulations
- 7.2.9.1. Company overview
- 7.2.9.2. Financial performance
- 7.2.9.3. Product benchmarking
- 7.2.9.4. Strategic initiatives
- 7.2.10. Thales
- 7.2.10.1. Company overview
- 7.2.10.2. Financial performance
- 7.2.10.3. Product benchmarking
- 7.2.10.4. Strategic initiatives