Military Simulation And Virtual Training Industry to See Robust Expansion, Valued at $16.79 Billion by 2029

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What Is the Projected CAGR for the Military Simulation And Virtual Training Market from 2024 to 2025?
The market for military simulation and virtual training has seen significant growth in recent years, expanding from $12.18 billion in 2024 to an estimated $12.99 billion in 2025, representing a compound annual growth rate (CAGR) of 6.7%. This growth during the historic period is due to several factors, including the modernization of the military, the advent of virtual reality, the evolution of cyber warfare training, the implementation of scenario-based training, and the application of artificial intelligence.

What are the Expected Market Size and CAGR for Military Simulation And Virtual Training by 2029?
In the forthcoming years, the market size for military simulation and virtual training is set to experience robust growth, with its value predicted to reach $16.79 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.6%. This growth within the projection period is tied to factors such as defense spending and budgets, modernization efforts, rising geopolitical strains, emphasis on realism and immersion, and readiness for cyber warfare. Noteworthy trends projected for the forecast period encompass personalized learning, progression in simulation technology, allocation of defense budgets, remote and distributed training, as well as interoperability and integration.

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Which Factors Are Driving the Global Military Simulation And Virtual Training Market Expansion?
The uptick in territorial disputes is predicted to fuel the growth of the military simulation and virtual training market in the future. The term territorial disputes signifies conflicts over the control of a certain territory. Annual military training is undertaken by individuals to safeguard national security. Military simulation and virtual training are implemented in a wide range of military equipment training programs due to their ability to conserve time and energy, and lessen the mechanical wear and tear on weaponry and equipment. For example, the Armed Conflict Survey 2023 presented by the International Institute for Strategic Studies (IISS), a research institute based in the UK, reported in December 2023 that the severity of worldwide conflicts has seen a yearly increase from May 2022 to June 2023, with a 14% growth in casualty numbers and a 28% rise in the count of incidents. Hence, the surge in territorial disputes has driven the growth of the military simulation market.

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Which Segment Currently Holds the Largest Share of the Military Simulation And Virtual Training Market?
The military simulation and virtual training market covered in this report is segmented -

1) By Platform Type: Flight, Vehicle, Battlefield, Virtual Boot Camp
2) By Training Type: Gaming Solution, Virtual, Constructive, Live
3) By End-User: Air Force, Army, Navy, Medical

Subsegments:
1) By Flight: Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles (UAVs)
2) By Vehicle: Ground Vehicles, Armored Vehicles, Naval Vehicles
3) By Battlefield: Individual Soldier Training, Unit-Level Training, Command And Staff Training
4) By Virtual Boot Camp: Basic Combat Training, Advanced Individual Training, Specialized Skill Training

Which Major Trends Are Shaping the Future of the Military Simulation And Virtual Training Industry?
In the military simulation and virtual training market, cutting-edge platforms are emerging as a leading trend. Major firms in this sector are enhancing their systems with recent updates. For example, PLEXSYS Interface Products Inc., a firm based in the US that offers simulation and training solutions, rolled out Sonomarc 4.11 in July 2024. This offers several advancement to optimize simulation and training. Notable features include Dynamic Weather offering live weather updates that can impact RF propagation and the integration of Virtual People, which allows radio responses and voice recognition. The virtual character can carry out instructions, interact with ASCOT 5/7, and reply to radio calls. Users have the ability to adjust voice settings and tailor commands. The Sonomarc REST API enables the system to perfectly integrate with ASCOT 7, making possible dynamic voice control configurations without requiring the software to be altered.

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Which Key Players Dominate the Military Simulation And Virtual Training Industry Globally?
Major companies operating in the military simulation and virtual training market are Northrop Grumman Corporation, Cubic Corporation, CAE Inc., RTX Corporation, Lockheed Martin Corporation, BAE Systems PLC, The Boeing Company, Saab AB, Thales Group, Rheinmetall AG, Raytheon Technologies Corporation, General Dynamics Information Technology Inc., Kratos Defense & Security Solutions Inc., L3Harris Technologies Inc., Elbit Systems Ltd., AAI Corporation, Barco NV, Fidelity Technologies Corporation, Meggitt Training Systems, Simthetiq Inc., Bohemia Interactive Simulations, Presagis Inc., Epic Games Inc., DiSTI Corporation, MAK Technologies Inc., Antycip Simulation Limited, SimCentric Technologies, QuantaDyn Corporation, ThoroughTec Simulation (Pty) Ltd., Leonardo S.p.A

What Are the Fastest-Growing Regions in the Military Simulation And Virtual Training Market?
North America was the largest region in the military simulation and virtual training market in 2024. The regions covered in the military simulation and virtual training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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