Military Simulation and Virtual Training Industry - Regional Synopsis
North America industry is predicted to hold largest revenue share by 2037, on account of favorable government initiatives and the availability of advanced military infrastructure in the region.
North America industry is predicted to hold largest revenue share by 2037, 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.
