Global Military Virtual Training : Market Demand, Growth Analysis & Opportunity and Forecast to 2023

Traditional military virtual training is mainly flight simulators with training missions including how to fly in battle, how to recover in an emergency, how to coordinate air support with ground operations, etc. Nowadays the virtual reality technology is gradually used in the military virtual training. In virtual reality military training, a computer-generated environment simulates reality by means of interactive devices that send and receive information and are worn as goggles, headsets, gloves, or body suits. They are more cost savings.
Factors, such as complexity of simulator systems, lack of interoperability, concerns with simulation training, and difficulty for manufacturers to keep pace with the growing simulation industry may inhibit the growth of the military simulation and training market. The US military has been using virtual reality for training purposes since at least 2012 with proprietary hardware and software. Examples of simulations currently used include flight simulations, battlefield simulations, and medic training. These simulations help soldiers train for dangerous settings in a more cost effective manner than traditional approaches.
COTS game modifications become a cost effective alternative to normal training. With this digital training soldiers learn important lessons and do get more responsible, which might save lives in the future. There is a shift in the type of military simulation. Nowadays behavioral activities and interaction between humans and virtual characters is much more important than it used to be. Military simulators are further refined in the future. The use of virtual reality in simulation has just begun and it can expect much more of this in the military field.We forecast that the AGAR of virtual reality for Military will be 37% in the 2016E-2021F and the market size will be 944 million in 2021.
Over the next five years, LPI(LP Information) projects that Military Virtual Training will register a 2.2% CAGR in terms of revenue, reach US$ 11300 million by 2023, from US$ 9930 million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Military Virtual Training market by product type, application, key companies and key regions.

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To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:
Traditional Military Virtual Training
Virtual Reality Based Military Training
Segmentation by application:
Flight Simulation
Battlefield Simulation
Medic Training (battlefield)
Vehicle Simulation
Virtual Boot Camp

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
L-3 Link Simulation and Training
Boeing
CAE Inc
FlightSafety International
Thales
Lockheed Martin
Cubic Corporation
Rheinmetall Defence
Raytheon
Rockwell Collins
Elbit Systems
Virtual Reality Media

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Military Virtual Training market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Military Virtual Training market by identifying its various subsegments.
Focuses on the key global Military Virtual Training players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Military Virtual Training with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Military Virtual Training submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

2018-2023 Global Military Virtual Training Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Military Virtual Training Market Size 2013-2023
2.1.2 Military Virtual Training Market Size CAGR by Region
2.2 Military Virtual Training Segment by Type
2.2.1 Traditional Military Virtual Training
2.2.2 Virtual Reality Based Military Training
2.3 Military Virtual Training Market Size by Type
2.3.1 Global Military Virtual Training Market Size Market Share by Type (2013-2018)
2.3.2 Global Military Virtual Training Market Size Growth Rate by Type (2013-2018)
2.4 Military Virtual Training Segment by Application
2.4.1 Flight Simulation
2.4.2 Battlefield Simulation
2.4.3 Medic Training (battlefield)
2.4.4 Vehicle Simulation
2.4.5 Virtual Boot Camp
2.5 Military Virtual Training Market Size by Application
2.5.1 Global Military Virtual Training Market Size Market Share by Application (2013-2018)
2.5.2 Global Military Virtual Training Market Size Growth Rate by Application (2013-2018)

3 Global Military Virtual Training by Players
3.1 Global Military Virtual Training Market Size Market Share by Players
3.1.1 Global Military Virtual Training Market Size by Players (2016-2018)
3.1.2 Global Military Virtual Training Market Size Market Share by Players (2016-2018)
3.2 Global Military Virtual Training Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2016-2018)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Military Virtual Training by Regions
4.1 Military Virtual Training Market Size by Regions
4.2 Americas Military Virtual Training Market Size Growth
4.3 APAC Military Virtual Training Market Size Growth
4.4 Europe Military Virtual Training Market Size Growth
4.5 Middle East & Africa Military Virtual Training Market Size Growth

5 Americas
5.1 Americas Military Virtual Training Market Size by Countries
5.2 Americas Military Virtual Training Market Size by Type
5.3 Americas Military Virtual Training Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Military Virtual Training Market Size by Countries
6.2 APAC Military Virtual Training Market Size by Type
6.3 APAC Military Virtual Training Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

……Continued

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