Military Simulation and Virtual Training Market

Military Simulation and Virtual Training Market Segmentation By Platform Type (Flight, Vehicle, Battlefield and Virtual Boot Camp) and By Application (Ground, Air and Naval) – Global Demand Analysis & Opportunity Outlook 2028

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Report ID: 2639 | Published On: Feb 01, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


In The News

  • July 2018: Northrop Grumman Corporation announced that it has been awarded with USD 128 million value contract by the U.S. Army for providing simulation and training as part of its program MTCCS – III Corps.


Introduction to Military Simulation and Virtual Training

Defense departments are reducing the size of their forces but aspire to achieve more efficient soldiers, pilots, and sailors through innovative simulation and virtual training systems. Military simulation and virtual training are an imperative part of military activities. In order to give training to the workforce in the Air, Naval, and Land-based domains, military simulation, and virtual training products are being legitimized by various defense ministries. Governments across the globe are taking an initiative in order to supply an affordable and precise simulation and virtual training system for their military forces. Simulation related to unmanned vehicle systems, combat operation, and medical treatment empowers to take the virtual pieces of training on a different framework. Military simulation can be used for training aspiring soldiers and to depict a real-time scenario with realistic computerized scenarios. The creation of constructive training, simulated environment, and scenario, along with the higher need for interoperability amongst the various platforms used for training are expected to drive military simulation and virtual training market. They aid to reduce the wear and tear of equipment, enable cost savings, and provides the ability to meet varied requirements. Moreover, simulation training nullifies the chances of accidents and loss of expensive military equipment.


Market Size and Forecast

The global military simulation and virtual training market is thriving on the back of the increasing instances of civil and political clashes, which is raising the requirement of skilled military personnel, and therefore the need for intensified training practices. Further, factors such as the growing adoption of flight simulators, constantly growing production cost of aircraft, and focus on reducing the flying time with reduced cost are propelling the growth of the global military simulator and virtual training market. On the other hand, the defense ministries of nations worldwide are rapidly opting for various virtual training and simulation-based games for the practice of the military personnel which are equipped with modern technologies, such as artificial intelligence (AI), big data, and cloud data which, in turn, is anticipated to promote towards the growth of the market.

The global military simulation and virtual training market is anticipated to display a notable CAGR over the forecast period i.e. 2020-2028. The market is segmented by application into ground, air and naval, out of which, the ground segment is estimated to hold the largest market share owing to the rise in procurement of land systems, such as combat training simulation systems, turret team training simulators and tactical training simulators, among others. According to The World Bank, military expenditure around the world increased from USD 1.631 trillion in the year 2016 to USD 1.782 trillion in the year 2018. CLICK TO DOWNLOAD SAMPLE REPORT


Growth Drivers

Growing Need for Simulation And Training Backed By The Increasing Deployment of Advanced Warfare Machines

Several nations around the globe are increasingly spending to equip themselves with advanced warfare machines as a safety measure for the security and integrity of their nation. These advanced military machines require proper training of the military personnel for its efficient use during a military warfare or during any emergency. As a result, there is an increasing need amongst the nations to train their military personnel with modern and advanced machines, which is anticipated to drive the growth of the global military simulator and virtual training market during the forecast period.

Increasing Concern for the Cost and Feasibility of Practical Training of Military Personnel

Several machines that are deployed with the military require user-specific training and skillset for operating these machines. But the challenges that lie ahead with the training of the personnel for such machines, especially the cost of training and the feasibility of setting up a practical scenario for the training, are some of the factors that is raising the need for the deployment of computerized simulators and virtual training solutions. These virtual setups are generally deployed in training centers that are designed specifically with a one-time expenditure for long term use and therefore the plan significantly reduces the training cost of nations. Moreover, these virtual simulators are also take up less space as compared to that of a practical field set up and can be also set up indoors in a controlled environment, therefore providing the trainer greater control on the level of training required for the trainees. The trainer can also set the level of training to basic, intermediate, or pro, depending on the requirement at that moment. Such factors are anticipated to drive the growth of the global military simulator and virtual training market over the forecast period.


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Restraints

Continuous Advancements in Technology

Technology is a dynamic subject of interest and the advancements take place daily, whether small or big. As a result, several challenges lie ahead with the developers of the virtual simulators as at times, the addition of the new advanced feature to the existing old system might not be supported. On the other hand, most of these systems work on advanced technologies, such as artificial intelligence and machine learning, and most of these systems also utilize the internet to access the updated training modules or any system updates, therefore paving a path for a cyber-attack or any other related crimes, which is also anticipated to hamper towards the growth of the global military simulator and virtual training market over the forecast period.


Market Segmentation

Our in-depth analysis of the global military simulation and virtual training market includes the following segments:

By Platform Type

  • Flight
  • Vehicle
  • Battlefield
  • Virtual Boot Camp

By Application

  • Ground
  • Air
  • Naval

By Region

Based on region, the global military simulation and virtual training market are segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

The market in North America is estimated to hold the largest market share in the military simulation and virtual training market over the forecast period on account of favorable government initiatives and the availability of advanced military infrastructure in the region. The U.S. Air Force is focusing on minimizing the flying hours to reduce cost and time and some of their programs include the army’s live training transformation (LTT) systems, F-35 aircrafts simulator US Air Force’s F-16 training system, and long-range strike-B simulators, among others. On the other hand, the market is expected to grow at the highest rate in Asia Pacific on account of the increasing defense budgets of major economies such as China, India, South Korea, and Australia, coupled with the rising research and development expenditure, thus supporting the availability of advanced military infrastructure and growth of military simulation and virtual training market in the region.

The military simulation and virtual training market are further classified based on region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


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Top Featured Companies Dominating the Market:

    • Northrop Grumman Corporation

      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Thales Group
    • Cubic Corporation
    • CAE Inc.
    • Elbit Systems
    • Rockwell Collins Inc.
    • BAE Systems
    • Bohemia Interactive Simulations
    • Lockheed Martin Corporation
    • L3 Link Training & Simulation

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