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Military Simulation And Training Market 2024 - By Industry Analysis, Competitive Landscape, Growth Factors, Revenue And Outlook By 2033
Military Simulation And Training Market
As per the report, 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 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%.
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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.
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).
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
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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
Contents of the report:
1. Executive Summary
2. Military Simulation And Training Market Report Structure
3. Military Simulation And Training Market Trends And Strategies
4. Military Simulation And Training Market - Macro Economic Scenario
5. Military Simulation And Training Market Size And Growth
…..
27. Military Simulation And Training Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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