Military Simulation And Training Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The military simulation and training market size has grown strongly in recent years. It will grow from $12.56 billion in 2023 to $13.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to increased terrorism activities, increased defense spending, economy, investments from government bodies.

The military simulation and training market size is expected to see strong growth in the next few years. It will grow to $17.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to budget allocations, complex warfare preparation, risk reduction, mission planning and rehearsals, interoperability enhancement. Major trends in the forecast period include cultural awareness training, simulation standardization, scenario customization, real-time feedback, human performance enhancement, remote training capabilities.

Market Overview -
Military simulation and training refers to the handling of military equipment and weapons using simulation technology, which saves time and labour and potentially reducing technical wear on weapons and equipment, and is widely used in many forms of military equipment training.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8179&type=smp

Increasing Defense Expenditure As A Catalyst For Growth In The Military Simulation And Training Market
The increase in defense expenditure is expected to propel the growth of the military simulation and training market going forward. Defense expenditure refers to the amount of money spent by a government on military measures or resources. Defense expenditure is increasing due to rising security challenges, such as violent extremism and separatist insurgencies, that require effective military training with numerous advantages, synthetic or virtual training. For instance, in April 2022, according to a report published by the Stockholm International Peace Research Institute, a Sweden-based international institute, global military expenditure experienced a 0.7 percent real-term increase in 2021, reaching a total of $2,113 billion. In 2021, the leading contributors to military expenditure included the United States, China, India, the United Kingdom, and Russia, jointly constituting 62 percent of the overall spending. The United States directed $801 billion towards military spending that year, while Russia experienced a 2.9 percent increase in its military expenditure over the same period. Therefore, the increase in defense expenditure is expected to drive the growth of the military simulation and training market.

Competitive Landscape -
Major companies operating in the military simulation and training market report are BAE Systems plc, Cubic Corporation, FAAC Incorporated, Israel Aerospace Industries Ltd., L-3 Communications Holdings Inc., Lockheed Martin Corporation, Meggitt plc, Northrop Grumman Corporation, Raytheon Technologies, Rheinmetall AG, Rockwell Collins Inc., SAAB AB, Textron Inc., Thales Group, Aechelon Technology Inc., Antycip Simulation, Barco NV, Bohemia Interactive Simulations, CAE Inc., DiSTI Corporation, Elbit Systems Ltd., Epic Games Inc., General Dynamics Corporation, Intelligent Decisions Inc., Presagis Canada Inc., Quantum3D Inc., Scalable Display Technologies, SimCentric Technologies Pty Ltd., Unity Technologies, Virtual Heroes Inc., MAK Technologies

Advancements In Military Simulation And Training Market
Technological advancements have emerged as a key trend gaining popularity in the military simulation and training market. Major players operating in the market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2026, Bohemia Interactive Simulations (BISim), a US-based developer and producer of advanced military simulation and training software, launched Mantle ETM. This new technology product is a specially developed platform for building simulated terrain for training, mission rehearsal, visualization, and terrain analysis. It is based on tried-and-true COTS components and professional design and development services. It offers a cloud-capable, custom terrain pipeline that integrates current terrain capabilities or offers a comprehensive end-to-end terrain development and management solution from scratch. It works with data, processes, servers, and runtimes. The Mantle ETM platform is built on sturdy commercial-off-the-shelf (COTS) components, including TerraTools components (for terrain generation), Blue Data Pipeline technologies in VBS4, and VBS World Server components (for terrain storage and server capabilities).

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/military-simulation-and-training-global-market-report

Key Segments -
The military simulation and training market covered in this report is segmented -
1) By Type: Live, Virtual, Constructive
2) By Environment: Synthetic, Gaming
3) By Technology: IoT (Internet Of Things), 5G (5th Generation Mobile Network), Big Data Analytics, Artificial Intelligence, Cloud Computing And Master Data Management, AR (Augmented Reality) And VR (Virtual Reality), Digital Twin, Robotic Process Automation
4) By Platform: Land, Maritime, Airborne
5) By Application: Army, Aviation, Naval

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.