Military Simulation and Virtual Training Market Report

Military Simulation and Virtual Training Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies, and Forecasts, 2015 To 2022

Format: PDF  |  Report ID: GVR2129

The global military simulation and virtual training market is poised for quantum shift over the next six years owing to factors such as technological advancements leading to the lowering of capital and operational costs.

Military simulation and virtual training products are sought by defense ministries on a global scale to provide training for service personnel in the air, sea, and land domains. Simulations linked to medical treatment, combat operations, unmanned systems, modeling, and maintenance allow virtual training to take place through multiple platforms and multiple scenarios. These are expected to accelerate military simulation and virtual training market growth.

Emergence of transportable simulation systems along with introduction of rural, day-night, and adverse weather condition technology is expected to provide tailoring solutions for training as per individual missions and specific needs. Simulation and virtual training are capable of enhance the military techniques through applications suitable for marine, land, and air applications offering tactical experience to the soldiers.

Simulation training improves the overall understanding of soldiers and improves capabilities across the horizon. Military simulation and virtual training enable the forces to improve their operational readiness combined with supporting diverse battlefield requirements, which is expected to impel military simulation and virtual training market growth over the forecast period. Military simulation and virtual training allows military to enhance capabilities flawlessly along with empowering personnel with the knowledge of handling complex electromagnetic and electronic equipment and advanced missile systems.

Military simulation and virtual training offers the ability to meet diverse training requirements and enable cost savings, and is imperative to reduce the wear and tear of equipment, which is expected to trigger the military simulation and virtual training market growth.

The key factors such as external and internal security threats, territorial disputes along with modernization initiatives undertaken by several armed forces across the world are expected to drive the demand for unconventional & conventional software and hardware equipment, which is anticipated to further drive the military simulation and virtual training market.

The defense ministries across the globe are cutting costs across the military owing to reduced financial resources. Governments are downsizing the militaries and cutting down on training budgets, owing to which military is focusing on attaining effective and cheaper solutions for the training requirements, which is expected to offer lucrative opportunities for the military simulation and virtual training market expansion. Additionally, many countries are reorganizing their militaries so that they are smaller but more powerful through innovative simulation and virtual training, which is projected to elevate the military simulation and virtual training market.

However, lack of incentives, challenges for new investments along with lack of networking and interoperability are expected to hamper military simulation and virtual training market development. Further, requirement of high fidelity along with challenges to meet customer needs are projected to hinder market growth.

The military simulation and virtual training market can be segmented on the basis of types into flight military simulation and non-flight military simulations. The flight military simulation can be further categorized into jet flight, rotary flight, transport flight, UAV flight, and other simulation systems. The non-flight military simulation can be sub-segmented into naval, vehicle, combat, command, medical, culture, and language simulation systems.

North America is expected to be the dominant region for the military simulation and virtual training market and is expected to remain the same over the forecast period. The after effects of the global economic downturn and the budget sequestration measures by the government have led to a comparatively slow growth. Asia Pacific and Europe are expected to emerging regions for the military simulation and virtual training market.

Key players in the military simulation and virtual training market include Bohemia Interactive Simulations, General Dynamics Information Technology, Northrop Grumman, Kratos Defense, Meggitt Training Systems, The Boeing Company, Combat Training Solutions Inc., Israel Aerospace Industries, Rheinmetall Defence, Bae Systems, Lockheed Martin Global Training and Logistics, Northrop Grumman, Saab Training, L-3 Link Simulation and Training, and Aai Corporation.

 

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