Military Simulation Market Overview Research Segment Analysis, Size, Share, Growth, Trends, And Forecasts 2020–2025

0
0

Key players in the global military simulation market are CAE Inc. (Canada), Cubic Corporation (US), L3Harris Technologies, Inc. (US), Rheinmetall AG (Germany), Lockheed Martin Corporation (US), Meggitt PLC (UK), Northrop Grumman Corporation (US), United Technologies Corporation (US), Saab AB (Sweden), Thales Group (France), and Raytheon Company (US).

Global Military simulation market Overview

 Global Military simulation market is expected to reach USD 15,162.1 Million by 2025, expanding at a CAGR of 4.25% during the forecast period.

Military branches, such as the army, navy, and air force, are implementing simulation training for various combat operations. This is expected to boost the demand for military simulation and virtual training during the review period.

Segmental Analysis

The global military simulation market has been bifurcated on the basis of platform and training type.

Based on platform, the military simulation market has been classified as airborne, ground, and naval. The airborne segment is projected to dominate the market during the forecast period. It was valued at USD 5,785.6 million in 2018 and expected to reach USD 7,642.3 Million by 2025.

This segment has been further classified as jet flight simulation and training, rotary flight simulation and training, and UAV flight simulation and training. The airborne segment comprises aspects of airborne warfare including airborne platforms right from manned to unmanned vehicles. Air defense is vital for the identification of potential aerial threats and the protection of the territorial sovereignty of any country. The air segment is expected to exhibit a CAGR of 5.36% during the forecast period.

Based on training type, the global military simulation market has been divided into live, virtual reality (VR), constructive, and gaming simulation. In live simulation training, real-time data systems are directly operated by the soldiers. This type of training is considered a simulation or an artificial environment as it is not conducted against live enemies. Live simulation training is implemented after the completion of virtual training to gain hands-on experience of the real systems. This provides superior training option for combat operations. The live segment is projected to register a CAGR of 3.85% during the forecast period.

Regional Analysis

In terms of region, the global military simulation market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

North America is lead the market and was valued at USD 4032.6 million in 2018. The presence of major market players such Cubic Corporation, L3Harris Technologies, Inc., and Northrop Grumman Corporation is expected to drive market growth in North America. The regional market is anticipated to expand at a CAGR of 4.12% during the forecast period.

Europe is projected to be the second-largest market during the review period. The regional market is expected to reach USD 2794.1 Million by 2025 at a CAGR of 4.19% during the forecast period. Asia-Pacific is projected to be the third-largest market during the review period. The regional market is expected to reach USD 2633.4 Million by 2025 at a CAGR of 4.88% during the forecast period.

Competitive Analysis

Key Developments

In January 2019, L3Harris Technologies was awarded a contract worth USD 350 million by the US Air Force for the F-16 Simulators Training Program (STP). This contract is anticipated to help the company to expand its presence in the US.

In December 2016, Northrop Grumman Australia, a subsidiary of Northrop Grumman Corporation, was awarded a contract by the Royal Australian Air Force (RAAF) to provide simulators and an advanced test laboratory, which included realistic and virtual training at multiple sites.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/military-simulation-virtual-training-market-3510

 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.