Tuesday, August 11th, 2020 - WISEGUY RESEARCH CONSULTANTS PVT LTD

Military Simulation and Virtual Training Market 2020

WiseGuyReports.com Publish A New Market Research Report on –“ Military Simulation and Virtual Training 2020 Global Industry Size, Share, Trends, Key Players Analysis, Applications, Forecasts To 2025”.

Summary: -

The Global Military Simulation and Virtual Training Market is expected grow at CAGR of 4.12% during the forecast period of 2018–2025. In the year 2018, North America was responsible for the largest share of the global military simulation and virtual training market with 35.07% share, followed by Europe and Asia-Pacific with shares of 24.31% and 22.90%, respectively. The global military simulation and virtual training market is forecast to witness a high growth rate during the forecast period. Growth of the market is assigned to grow in focus on using flight simulators for training combat aircraft pilots and the growing emphasis on maritime security and a subsequent focus on virtual training for naval operations. Though, the absence of skilled simulator trainers has been estimated to hamper growth of the market. Simulation and virtual training are cost-effective alternatives to live training used for combat operations and various battlefield missions. Escalating applications of military simulator training in a virtual immediate evacuation, military training, and firefighting have increased demand for the market. The global military simulation and virtual training market has been segmented on the basis of platform, training type, and region. By platform, the market has been classified as airborne, ground, and naval. In terms of training type, the market has been divided into live, virtual reality (VR), constructive, and gaming simulation.

 

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MAJOR KEY PLAYERS INCLUDED ARE: -

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

Market Segmentation

the global military simulation and virtual training market has been segmented by Platform, Training type and by Region. Based on Platform the global military simulation and virtual training market has been segmented into Airborne, Ground, and Naval. The Airborne Platform segment is expected to take over the Global Market. The airborne segment includes all aspects of airborne warfare, including airborne platforms right from manned to unmanned vehicles. Air-defense plays an important role in protecting the of territorial sovereignty of any country and detection of potential aerial threats. Virtual training is a value addition, particularly while training pilots. Therefore, the airborne segment of the military simulation and virtual training market is expected to register a CAGR of 4.21% in the reporting period. Based on Training Type the market has been bifurcated into Live, Virtual Reality (VR), Constructive, and Gaming Simulation. Based on region the market has been segmented into different regions like North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

Regional Analysis

Geographically, the global military simulation and virtual training market has been split into different regions like North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is expected to be the largest market for military simulation and virtual training. The market in North America is forecast to register a CAGR of 4.26% during the forecast period. Factors such as favourable government rules and regulations related to training military personnel and the availability of advanced military infrastructure are driving the growth of the market in North America. The companies running in the global military simulation and virtual training market in the region are focusing on technological advancements and are investing in the research and development of the simulation training; therefore, the demand for simulation and training systems is high in North America. In Canada, the presence of key company such as CAE Inc. is expected to boost the growth of the market. The market in North America was estimated to be USD 4,032.2 million in the year 2018. In the year 2018, North America was responsible for the biggest share of the global military simulation and virtual training market, followed by Europe, which made up around 24% share of the global market.

 

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Table of Contents – Major Key Points

1 Executive Summary

2 Market Introduction

3 Research Methodology

4 Market Insights

5 Market Dynamics

6 Market Factor Analysis

7 Global Military Simulation and Virtual Training Market, by Platform

8 Global Military Simulation and Virtual Training Market, by Training Type

9 Global Military Simulation and Virtual Training Market, by Region

10 Competitive Landscape

Continued…

NOTE : Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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WISEGUY RESEARCH CONSULTANTS PVT LTD


Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

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Saurabh Sinha
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Keywords

“The Global Military Simulation and Virtual Training Market Report Provides Basic Overview Of The Industry Including Definitions, Classifications, Applications ,Industry Chain Structure, Revenue Generation and SWOT Analysis.”

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