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The military simulation and virtual training market is forecasted to grow by USD 6.04 billion 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.Speak directly to the analyst to clarify any post sales queries you may have.
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.
The 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
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 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Environment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The analyst recognizes the following companies as the key players in the global military simulation and virtual training market: 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.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increased emphasis on portable simulators and head-worn VR systems.'
According to the report, one of the major drivers for this market is the cost-effectiveness of virtual training.
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 a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- The Boeing Co.
