The Business Research Company’s report on the Military Simulation And Virtual Training Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the military simulation and virtual training industry?
An increase in territorial conflicts is expected to drive the military simulation and virtual training market going forward. Territorial conflicts refer to a disagreement in a particular territory about who controls the territory. People receive military training every year to protect the country’s security. Military simulation and virtual training practice are used in numerous military equipment training programs because they save time and effort while also reducing the technical wear on weapons and equipment. For instance, in December 2023, according to the Armed Conflict Survey 2023 published by the International Institute for Strategic Studies (IISS), a UK-based research institute, the intensity of global conflicts has increased annually during from May 2022, to June 2023, with fatalities rising by 14% and the number of events escalating by 28%. Therefore, rising territorial conflicts have propelled the market for military simulation.
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What is the estimated market size of the military simulation and virtual training sector by 2029, based on current forecasts?
The military simulation and virtual training market size has grown strongly in recent years. It will grow from $12.18 billion in 2024 to $13.07 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to military modernization efforts, emergence of virtual reality, cyber warfare training development, scenario-based training adoption, and use of artificial intelligence.
The military simulation and virtual training market size is expected to see strong growth in the next few years. It will grow to $17.08 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to defense budgets and expenditure, modernization initiatives, geopolitical tensions, focus on realism and immersion, cyber warfare preparedness. Major trends in the forecast period include personalized learning, advancements in simulation technology, defense budget allocations, remote and distributed training, interoperability and integration.
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#Who are the top players in the military simulation and virtual training market?
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 major trends in the military simulation and virtual training market?
Innovative platforms are the key trends gaining popularity in the military simulation and virtual training market. Major companies in the military simulation and virtual training market are improving systems with new upgrades. For instance, in July 2024, PLEXSYS Interface Products, Inc., a US-based simulation and training solutions company, launched Sonomarc 4.11, introducing significant improvements to enhance simulation and training. Key features include Dynamic Weather, which provides real-time weather updates affecting RF propagation, and Virtual People Integration, allowing voice recognition and response over the radio. The virtual person can execute commands, interact with ASCOT 5/7, and respond to radio calls. Users can configure voice settings and customize commands. The system integrates seamlessly with ASCOT 7 via the Sonomarc REST API, enabling dynamic voice control configurations without modifying the software.
Which geography holds the highest military simulation and virtual training market share?
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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How do different segments contribute to the overall expansion 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
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What defines the structure and scope of the military simulation and virtual training market?
Military simulation and virtual training refer to simulation training, which is the practice of simulating the use of weapons and equipment through the use of simulation technology. This practice is popular in numerous military equipment training programs because it saves time and effort while also reducing the technical wear on weapons and equipment. It is used to simulate reality for the training of armed units or people.
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