Military Simulation and Virtual Training Market Size 2018 | Global Industry Analysis and Competitive Landscape By Bohemia Interactive Simulations, General Dynamics, Northrop Grumman, Kratos Defense, Meggitt Training, The Boeing, Combat Training Solutions

Military Simulation and Virtual Training Market Research Report 2018 published By Market Research Future, provides information on Global Military Simulation and Virtual Training Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Application (Flight Simulation, Vehicle Simulation, Battlefield Simulation, Virtual Boot Camp), Platform (Airborne, Ground based, Naval), and Region – Global Forecast to 2023.

The global market for Simulation and Virtual Training is expected to grow at a CAGR of about 8.5% between 2016 and 2023.

The key players in the global military simulation and virtual training market are Bohemia Interactive Simulations (U.S.), General Dynamics Information Technology (U.S.), Northrop Grumman (U.S.), Kratos Defense (U.S.), Meggitt Training Systems (U.S.), The Boeing Company (U.S.), Combat Training Solutions Inc. (U.S.), Israel Aerospace Industries (Israel), Rheinmetall Defence (Germany), BAE Systems (U.K).

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Market Highlights

Significant technological development in the global military and simulation and virtual training market has resulted in lowering the operational and capital cost, as a result of which the market has been poised for growth and development during the forecast period. The simulation and training market is expected to grow at a CAGR of 8.5%.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Simulation and Virtual Training Market Research Report -Forecast to 2023”.

The factors responsible for the growth of military simulation and virtual training market is the decreasing average defense budget across countries and rapidly increasing awareness regarding simulation and training methods. Other key drivers expected to contribute towards the growth of the military simulation and virtual training market are the rising need for existing equipment upgrades and orders for new ones. For instance, Bohemia Interactive Simulations developed augmented reality visual system for Textron Inc. to provide a synthetically generated visual scene and support a trainee’s interactions with the real world using AR/VR technologies. Similarly, General Dynamics signed a contract of $244 million with U.S. Navy to support services, from curriculum development to advanced warfare training. Moreover, Meggitt Training Solutions developed FATS 100 MIL that features a unique combination of capabilities for military users, such as enhanced 3D marksmanship and birds in flight and realistic ballistic effects.

Global Military Simulation And Virtual Training Market, By Segmentation and Regional Analysis

The military simulation and virtual training market is segmented based on application, platform, and regions. On the basis of application, flight simulation is widely used and comprises the largest market share. On the basis of platform, airborne is expected to register the highest CAGR during the forecast period due to the rise in the requirement for battlefield operations and border surveillance. For instance, Northrop Grumman Corporation signed a contract with U.S. Air Force to provide simulated training at its Distributed Training Center (DTC) to army rangers. The virtual training simulated actual battle scenarios for deployment locations.

North America is expected to dominate the global simulation and training market mainly due to the existence of established market players in this region. Additionally investment in research and development in the North American region have resulted in aggressive technological development and its adoption, contributing to rapid growth in this region. Asia-Pacific and Europe are expected to be the emerging nations in the military simulation and training market. Additionally orders for existing equipment upgrades and orders for new ones are expected to propel the demand in the global military simulation and virtual training market

Market Research Analysis:

Increasing average defense budget across the globe combined with rapidly increasing awareness regarding simulation and training methods is also expected to contribute towards the growth of the market. Lack of incentives and requirement of high fidelity along with challenges regarding meeting customer needs may act as a restraint for the market.

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Scope Of Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global cold insulation market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

Major TOC :

1 Executive Summary$ 1,350.00

2 Scope of the Report$ 0.00
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model

3 Market Landscape$ 950.00
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics$ 950.00
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends

Continues.....

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