Press release
Military Virtual Training Market to Reach USD 10.8 Billion by 2025 Analysis by L-3 Link Simulation and Training, Boeing, CAE Inc, FlightSafety International, Thales, Lockheed Martin, Cubic Corporation, Rheinmetall Defence, Raytheon
Military Virtual Training Market
In 2018, the global Military Virtual Training market size was 9.93 Billion US$ and it is expected to reach 10.8 Billion US$ by the end of 2025, with a CAGR of 1.0% during 2019-2025.
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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 USD in 2021.
The following manufacturers are covered in this report, with sales, revenue, and market share for each company: 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 and others.
o Market size by Product -
• Traditional Military Virtual Training
• Virtual Reality Based Military Training
o Market size by End User/Applications -
• Flight Simulation
• Battlefield Simulation
• Medic Training (battlefield)
• Vehicle Simulation
• Virtual Boot Camp
o Market size by Region
• North America
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
o The study objectives of this report are:
• To analyze global Military Virtual Training status, future forecast, growth opportunity, key market and key players.
• To present the Military Virtual Training development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
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Table of Contents:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Military Virtual Training Market Size Growth Rate by Type (2013-2025)
1.5 Market by Application
1.5.1 Global Military Virtual Training Market Share by Application (2013-2025)
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Military Virtual Training Market Size
2.2 Military Virtual Training Growth Trends by Regions
2.2.1 Military Virtual Training Market Size by Regions (2013-2025)
2.2.2 Military Virtual Training Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Military Virtual Training Market Size by Manufacturers
3.1.1 Global Military Virtual Training Revenue by Manufacturers (2013-2018)
3.1.2 Global Military Virtual Training Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Military Virtual Training Market Concentration Ratio (CR5 and HHI)
3.2 Military Virtual Training Key Players Head office and Area Served
3.3 Key Players Military Virtual Training Product/Solution/Service
3.4 Date of Enter into Military Virtual Training Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Military Virtual Training Market Size by Type (2013-2018)
4.2 Global Military Virtual Training Market Size by Application (2013-2018)
5 United States
6 Europe
7 China
8 Japan
9 Southeast Asia
10 India
11 Central & South America
12 International Players Profiles
12.1 L-3 Link Simulation and Training
12.1.1 L-3 Link Simulation and Training Company Details
12.1.2 Company Description and Business Overview
12.1.3 Military Virtual Training Introduction
12.1.4 L-3 Link Simulation and Training Revenue in Military Virtual Training Business (2014-2019)
12.1.5 L-3 Link Simulation and Training Recent Development
12.2 Boeing
12.3 CAE Inc
12.4 FlightSafety International
12.5 Thales
13 Market Forecast 2018-2025
13.1 Market Size Forecast by Regions
13.9 Market Size Forecast by Product (2018-2025)
13.10 Market Size Forecast by Application (2018-2025)
In this study, the years considered to estimate the market size of Military Virtual Training are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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