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Military Simulation and Virtual Training Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Russia, UK, Germany - Size and Forecast 2024-2028

Military Simulation and Virtual Training Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, Russia, UK, Germany - Size and Forecast 2024-2028

Published: Dec 2023 173 Pages SKU: IRTNTR43276

Market Overview at a Glance

$6.04 B
Market Opportunity
5.8%
CAGR
3.54
YoY growth 2023-2024(%)

Military Simulation and Virtual Training Market Size 2024-2028 

The military simulation and virtual training market size is forecast to increase by USD 6.04 billion at a CAGR of 5.8% between 2023 and 2028. The market is witnessing significant growth due to the cost-effectiveness of virtual training and the increased emphasis on portable simulators and head-mounted virtual reality (VR) systems. These systems enable soldiers to train in realistic environments without the need for expensive physical assets, reducing overall training costs. Moreover, portable simulation systems, such as vehicle and flight simulators for tanks and aircraft like the F-35 and J-15, offer the advantage of being easily transportable for field training. However, the high cost of simulation training remains a challenge for market growth, as it requires significant investment in hardware and software. Despite this, the benefits of virtual training, including improved training efficiency and safety, are driving the market forward.

Military Simulation and Virtual Training Market Size

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Military simulation and virtual training have gained significant importance in the defense sector due to their ability to provide realistic and effective training experiences. These simulations utilize technologies such as virtual reality (VR) and mixed reality (MR) to create environments for air combat training, pilot training programs, maritime security, and vehicle simulation. The market for military simulation is expanding rapidly, driven by the demand for advanced hardware and software solutions. Air combat simulators, UAV and drone simulators, and F-35 aircraft simulators are some of the key types of military simulation technologies. Virtual scenarios are designed to replicate real-world conditions, enabling skilled experts to train for various missions and combat situations.

VR and MR technologies enable the creation of realistic battlefield simulations, including tank battles and naval warfare. Battlefield simulation software provides a platform for training in various military scenarios, allowing for effective planning and execution of military strategies. Hardware and software solutions for military simulation include flight simulation systems, VR headsets, and haptic feedback devices. The VRLT programme and VRAI are two notable initiatives focused on advancing military simulation and virtual training technologies. The military is increasingly investing in these technologies to enhance the capabilities of its forces and improve operational readiness.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Product
    • Flight simulators
    • Maritime simulators
    • Combat simulators
  • Environment
    • Synthetic
    • Gaming
  • Geography
    • North America
      • US
    • APAC
      • China
    • Europe
      • Germany
      • UK
    • Middle East and Africa
    • South America

By Product Insights

The flight simulators segment is estimated to witness significant growth during the forecast period. The market encompasses portable simulation systems, vehicle simulation, and battlefield simulation. Among these segments, the flight simulators sector is projected to experience significant expansion during the forecast period. The primary drivers of this growth include the escalating demand for synthetic training environments and the increasing focus on virtual training camps. Flight simulators can be classified into two categories: full-flight simulators (FFS) and flight simulation training devices (FSTD). In FFS, pilots train on a replica of a specific aircraft model, while in FSTD, soldiers learn on simulated flight controls and other devices. Defense organizations worldwide are increasingly adopting flight simulators for pilot training, with applications ranging from F-35 aircraft simulators to J-15 flight simulators.

Military Simulation and Virtual Training Market Size

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The flight simulators segment was valued at USD 9.26 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Military Simulation and Virtual Training Market Share by Geography

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The market in North America is experiencing significant growth due to escalating defense ministry investments in military training. The United States and Canada lead the market in this region. The US Department of Defense (DOD) is actively collaborating with training and simulation companies to meet the increasing demand for military simulation and virtual training. companies are prioritizing inorganic growth strategies, such as mergers and acquisitions, to expand their presence in the market. For instance, in March 2021, CAE Inc. Acquired L3Harris' military training business to bolster its offerings for US programs. Portable simulation systems, including vehicle simulation and flight simulation, are gaining popularity due to their flexibility and ease of use. Military simulation covers battlefield simulations, while virtual training encompasses F-35 aircraft simulators and J-15 flight simulators, among others. These systems enable military personnel to train in various scenarios, enhancing their readiness and effectiveness.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

The cost-effectiveness of virtual training is the key driver of the market. The market is experiencing significant growth due to the cost-effectiveness and risk mitigation benefits of virtual training over real-time training. In real-time training, defense agencies incur additional expenses on fuel for military platforms, procurement of training ammunition, and operational costs. Virtual training, on the other hand, utilizes advanced technologies such as Air combat simulators, UAV, and Drone simulators, offered by industry leaders like VRAI, VRLT Programme, Navy, and others, to provide realistic training experiences at a fraction of the cost. Furthermore, virtual training minimizes risks to personnel and equipment, making it an attractive alternative for defense and law enforcement agencies. Moreover, the increasing defense and law enforcement budgets have accelerated the demand for innovative simulation training systems, as military forces and police seek to enhance their capabilities through technology-driven training solutions.

Market Trends

Increased emphasis on portable simulators and head-worn VR systems is the upcoming trend in the market. Military simulation and virtual training have gained significant importance in the defense sector due to the increasing need for skilled experts in various military operations. One of the key areas of focus in this market is the development of advanced simulators for air combat and Unmanned Aerial Vehicles (UAVs). companies such as United Technologies Corp. And Meggitt PLC are at the forefront of providing innovative solutions in this domain. Meggitt Training Systems, a subsidiary of Meggitt PLC, offers the FATS 100P virtual training system. This portable simulator is a cost-effective alternative to real-time training exercises, as it can be easily transported to multiple training sites.

Moreover, the FATS 100P system offers a dynamic training experience through high-definition video scenarios, enabling militaries to provide judgmental training to soldiers. The system assesses the user's reaction to verbal cues, facial expressions, and overall body language to produce a realistic conversation with individuals. Another trend in the market is the development of Virtual Reality Advanced Individual Training (VRAI) and Virtual Reality Live Training (VRLT) Programmes. These programs offer training experiences, allowing soldiers to engage in realistic simulations of various military scenarios. These advanced training methods are essential for preparing military personnel for complex missions and ensuring their readiness for real-world situations.

Further, in conclusion, the market is witnessing significant growth due to the increasing demand for advanced training solutions. Portable simulators, UAV drone simulators, and VR-based training programs are some of the key areas of focus in this market. companies such as United Technologies Corp., Meggitt PLC, and others are leading the way in providing innovative solutions to meet the evolving needs of the defense sector.

Market Challenge

The high cost of simulation training is a key challenge affecting the market growth. The market witnessed significant growth due to the increasing investments by defense ministries in advanced training programs. Skilled experts are in high demand to develop air combat simulators, UAV, and drone simulators using Virtual Reality Advanced Imaging (VRAI) and Virtual Reality Live Training (VRLT) Programme. However, the high cost of military simulation training products and software remains a challenge. Although the cost is justifiable due to the innovative and advanced nature of these simulations, the operating costs associated with simulators, including installation of software, infrastructure, and trained personnel, add to the overall expense. Furthermore, the need for allocated space increases the cost of implementing simulations. However, despite these costs, the market is expected to grow due to the significant cost reduction in simulations and virtual training modules.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Military Simulation and Virtual Training Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • 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.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Military simulation and virtual training have become essential components of modern military preparedness, with virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies playing a pivotal role. Simulators for air combat training, virtual scenarios, and hardware-software combinations are transforming pilot training programs in aviation and maritime security. VR, AR, and MR technologies enable the creation of realistic and training environments, allowing military personnel to experience various scenarios without the risks associated with real-world training. Hardware and software advancements continue to drive the military simulation market, with technological developments in VR, AR, and MR enabling more realistic and effective training.

Moreover, cybersecurity concerns are a significant challenge, as digital battlefield products become increasingly sophisticated. Training requirements for various military fleets, including fighter jets, UAVs, drones, tanks, and naval vessels, are driving the demand for simulators. Skilled experts in artificial intelligence, machine learning, and multi-domain modeling are essential for developing advanced simulation systems. Geopolitical tensions and the need for unmanned systems, such as UAVs and drones, are also fueling the growth of the military simulation market. Portable simulation systems and vehicle simulation are other areas of focus, with flight simulation and battlefield simulation remaining key applications.

Market Scope

Report Coverage

Details

Page number

173

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.8%

Market growth 2024-2028

USD 6.04 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.54

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

Europe at 49%

Key countries

US, China, Russia, UK, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
  • Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Environment
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global military simulation and virtual training market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global military simulation and virtual training market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 Environment Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Environment Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Flight simulators - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Flight simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Flight simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Flight simulators - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Flight simulators - Year-over-year growth 2023-2028 (%)
    • 6.4 Maritime simulators - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Maritime simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Maritime simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Maritime simulators - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Maritime simulators - Year-over-year growth 2023-2028 (%)
    • 6.5 Combat simulators - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Combat simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Combat simulators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Combat simulators - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Combat simulators - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Environment

    • 7.1 Market segments
      • Exhibit 48: Chart on Environment - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Environment - Market share 2023-2028 (%)
    • 7.2 Comparison by Environment
      • Exhibit 50: Chart on Comparison by Environment
      • Exhibit 51: Data Table on Comparison by Environment
    • 7.3 Synthetic - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Synthetic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Synthetic - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Synthetic - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Synthetic - Year-over-year growth 2023-2028 (%)
    • 7.4 Gaming - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Gaming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Gaming - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Gaming - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Gaming - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Environment
      • Exhibit 60: Market opportunity by Environment ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Environment ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Russia - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Russia - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Russia - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 BAE Systems Plc
              • Exhibit 115: BAE Systems Plc - Overview
              • Exhibit 116: BAE Systems Plc - Business segments
              • Exhibit 117: BAE Systems Plc - Key offerings
              • Exhibit 118: BAE Systems Plc - Segment focus
            • 12.4 Bohemia Interactive Simulations ks
              • Exhibit 119: Bohemia Interactive Simulations ks - Overview
              • Exhibit 120: Bohemia Interactive Simulations ks - Product / Service
              • Exhibit 121: Bohemia Interactive Simulations ks - Key offerings
            • 12.5 CAE Inc.
              • Exhibit 122: CAE Inc. - Overview
              • Exhibit 123: CAE Inc. - Business segments
              • Exhibit 124: CAE Inc. - Key offerings
              • Exhibit 125: CAE Inc. - Segment focus
            • 12.6 Cubic Corp.
              • Exhibit 126: Cubic Corp. - Overview
              • Exhibit 127: Cubic Corp. - Product / Service
              • Exhibit 128: Cubic Corp. - Key offerings
            • 12.7 Fidelity Technologies Corp.
              • Exhibit 129: Fidelity Technologies Corp. - Overview
              • Exhibit 130: Fidelity Technologies Corp. - Business segments
              • Exhibit 131: Fidelity Technologies Corp. - Key offerings
              • Exhibit 132: Fidelity Technologies Corp. - Segment focus
            • 12.8 Groupe Gorge
              • Exhibit 133: Groupe Gorge - Overview
              • Exhibit 134: Groupe Gorge - Product / Service
              • Exhibit 135: Groupe Gorge - Key offerings
            • 12.9 HAVELSAN Inc.
              • Exhibit 136: HAVELSAN Inc. - Overview
              • Exhibit 137: HAVELSAN Inc. - Product / Service
              • Exhibit 138: HAVELSAN Inc. - Key offerings
            • 12.10 Kratos Defense and Security Solutions Inc.
              • Exhibit 139: Kratos Defense and Security Solutions Inc. - Overview
              • Exhibit 140: Kratos Defense and Security Solutions Inc. - Business segments
              • Exhibit 141: Kratos Defense and Security Solutions Inc. - Key offerings
              • Exhibit 142: Kratos Defense and Security Solutions Inc. - Segment focus
            • 12.11 L3Harris Technologies Inc.
              • Exhibit 143: L3Harris Technologies Inc. - Overview
              • Exhibit 144: L3Harris Technologies Inc. - Business segments
              • Exhibit 145: L3Harris Technologies Inc. - Key news
              • Exhibit 146: L3Harris Technologies Inc. - Key offerings
              • Exhibit 147: L3Harris Technologies Inc. - Segment focus
            • 12.12 Lockheed Martin Corp.
              • Exhibit 148: Lockheed Martin Corp. - Overview
              • Exhibit 149: Lockheed Martin Corp. - Business segments
              • Exhibit 150: Lockheed Martin Corp. - Key news
              • Exhibit 151: Lockheed Martin Corp. - Key offerings
              • Exhibit 152: Lockheed Martin Corp. - Segment focus
            • 12.13 Northrop Grumman Corp.
              • Exhibit 153: Northrop Grumman Corp. - Overview
              • Exhibit 154: Northrop Grumman Corp. - Business segments
              • Exhibit 155: Northrop Grumman Corp. - Key news
              • Exhibit 156: Northrop Grumman Corp. - Key offerings
              • Exhibit 157: Northrop Grumman Corp. - Segment focus
            • 12.14 Parker Hannifin Corp.
              • Exhibit 158: Parker Hannifin Corp. - Overview
              • Exhibit 159: Parker Hannifin Corp. - Business segments
              • Exhibit 160: Parker Hannifin Corp. - Key news
              • Exhibit 161: Parker Hannifin Corp. - Key offerings
              • Exhibit 162: Parker Hannifin Corp. - Segment focus
            • 12.15 Raytheon Technologies Corp.
              • Exhibit 163: Raytheon Technologies Corp. - Overview
              • Exhibit 164: Raytheon Technologies Corp. - Business segments
              • Exhibit 165: Raytheon Technologies Corp. - Key news
              • Exhibit 166: Raytheon Technologies Corp. - Key offerings
              • Exhibit 167: Raytheon Technologies Corp. - Segment focus
            • 12.16 Saab AB
              • Exhibit 168: Saab AB - Overview
              • Exhibit 169: Saab AB - Business segments
              • Exhibit 170: Saab AB - Key news
              • Exhibit 171: Saab AB - Key offerings
              • Exhibit 172: Saab AB - Segment focus
            • 12.17 Thales Group
              • Exhibit 173: Thales Group - Overview
              • Exhibit 174: Thales Group - Business segments
              • Exhibit 175: Thales Group - Key news
              • Exhibit 176: Thales Group - Key offerings
              • Exhibit 177: Thales Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 178: Inclusions checklist
                • Exhibit 179: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 180: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 181: Research methodology
                • Exhibit 182: Validation techniques employed for market sizing
                • Exhibit 183: Information sources
              • 13.5 List of abbreviations
                • Exhibit 184: List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Military Simulation and Virtual Training market growth will increase by $ 6.04 bn during 2024-2028 .

              The Military Simulation and Virtual Training market is expected to grow at a CAGR of 5.8% during 2024-2028 .

              Military Simulation and Virtual Training market is segmented by Product( Flight simulators, Maritime simulators, Combat simulators) Environment( Synthetic, Gaming, APAC, MEA, South America)

              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. are a few of the key vendors in the Military Simulation and Virtual Training market.

              Europe will register the highest growth rate of 49% among the other regions. Therefore, the Military Simulation and Virtual Training market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, Russia, UK, Germany

              • Cost-effectiveness of virtual trainingReal-time training is expensive and involves many additional costs on resources. On the contrary is the driving factor this market.
              • virtual training is highly cost-effective. This feature of virtual training is the primary driver for the growth of the global military simulation and virtual training market. In real-time training is the driving factor this market.
              • the supplementary cost of resources includes costs associated with fuel for military platforms and procurement of training ammunition and operational costs. Virtual training also minimizes the risks associated with real-time training is the driving factor this market.
              • including personnel and equipment or devices involved. These positive attributes have forced defense agencies to shift their focus to simulation and synthetic training methodology. In addition is the driving factor this market.
              • increased budgets for defense and law enforcement over the last few years have fueled the demand for innovative simulation training systems by military forces and police. Military simulation and virtual training systems are well-supported by an architecture based on commercial-off-the-shelf (COTS) components is the driving factor this market.
              • which use the plug-and-play capability. COTS components are extensively used in simulators to avoid the development costs of customized equipment is the driving factor this market.
              • which are generally higher than COTS systems. Another major advantage of using COTS components is the easy replacement of parts that have undergone wear and tear. The components can be easily replaced with other similar components that may have an upgraded configuration or might be from a different supplier. These new components can still be functional on the existing simulator as these are standardized parts available across the defense industry. The rapid replacement of spares reduces the downtime for that equipment is the driving factor this market.
              • which is the opposite in the case of real-time training. Hence is the driving factor this market.
              • the advantages of virtual training are expected to drive the growth of the global military simulation and virtual training market during the forecast period. is the driving factor this market.

              The Military Simulation and Virtual Training market vendors should focus on grabbing business opportunities from the Flight simulators segment as it accounted for the largest market share in the base year.