The Military Simulation And Training Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Military Simulation And Training Market:
According to The Business Research Company’s Military Simulation And Training Global Market Report 2024, 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..
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=8179&type=smp
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
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 report table of contents includes:
- Executive Summary
- Military Simulation And Training Market Characteristics
- Military Simulation And Training Market Trends And Strategies
- Military Simulation And Training Market – Macro Economic Scenario
- Global Military Simulation And Training Market Size and Growth
.
.
.
- Global Military Simulation And Training Market Competitive Benchmarking
- Global Military Simulation And Training Market Competitive Dashboard
- Key Mergers And Acquisitions In The Military Simulation And Training Market
- Military Simulation And Training Market Future Outlook and Potential Analysis
- Appendix
Top Major Players:
. BAE Systems PLC
. Cubic Corporation
. FAAC Incorporated
. Israel Aerospace Industries Ltd
. L-3 Communications Holdings Inc
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
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
