Military Simulation and Virtual Training Market Overview
Over the last decade, the nature of combat has shifted dramatically. It has evolved from a weapon-centric to a technology- and information-centric organization. In this new era, military simulation and virtual training are critical for situational awareness. Some of the important trends in this industry include a focus on establishing synthetic training environments and interoperable capabilities for virtual training. Governments and defense agencies all across the world are investing in and participating in training and simulation for the armed forces on air, sea, and land platforms.
The global military simulation and virtual training market is growing due to factors such as a growing emphasis on maritime security and the subsequent focus on virtual solutions for naval training, as well as the increased usage of flight simulators for training combat aircraft pilots.
On the downside, the inability of virtual systems to fully replicate the operational environment during simulation and training could detain the market’s growth to a certain extent. Apart from this, the growing adoption of augmented reality technology in the aerospace & defense sector and the increasing use of UAVs and the subsequent focus on drone simulators create several growth opportunities for market players.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Platform, Solution, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | BAE Systems PLC, CAE Inc., Elbit Systems Ltd, Israel Aerospace Industries Ltd, L-3 Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rockwell Collins, Inc., Thales Group ,The Boeing Company. |
Covid-19 Impact on Military Simulation and Virtual Training Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Military Simulation and Virtual Training Market Segment Overview
Based on Solution, Flight simulation and training is one of the largest segments in the Military Simulation and Virtual Training market. A flight simulator is a device that artificially re-creates aircraft flight and the environment in which it flies, for pilot training, design, or other purposes. It entails reproducing the equations that govern how aircraft fly, how they react to flight control applications, the influences of other aircraft systems, and how the aircraft reacts to external elements like air density, turbulence, wind shear, cloud, and precipitation, among others. Flight simulation is used for a variety of purposes, including pilot instruction, aircraft design and development, and research into aircraft characteristics and control handling characteristics.
Military Simulation and Virtual Training Market, By Platform
· Airborne
· Ground-based
· Naval
Military Simulation and Virtual Training Market, By Solution
· Flight simulation and training
· Battlefield simulation and training
· Ship simulation and training
· Vehicle simulation and training
· UAV simulation and training
· Submarine simulation and training
Military Simulation and Virtual Training Market Regional Overview
Regionally, North America commanded a major share of the market and is predictable to maintain its supremacy over the forecast period. North America is the world leader in military spending and technology breakthroughs, resulting in a significant demand for simulation and training systems. Furthermore, the presence of significant firms like Lockheed Martin Corporation, Northrop Grumman Corporation, and Boeing Company, as well as the availability of sophisticated technology to supply new solutions, are projected to make the market largest during the projection period. Further, Asia-Pacific is expected to be the fastest-growing regional market for military simulation and virtual training.
Military Simulation and Virtual Training Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Military Simulation and Virtual Training Market, Key Players
· BAE Systems PLC
· CAE Inc.
· Elbit Systems Ltd
· Israel Aerospace Industries Ltd
· L-3 Technologies, Inc.
· Lockheed Martin Corporation
· Northrop Grumman Corporation
· Rockwell Collins, Inc.
· Thales Group
· The Boeing Company
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Military Simulation and Virtual Training market?
Growing emphasis on maritime security and the subsequent focus on virtual solutions for naval training are some key factors that boost the growth of the Military Simulation and Virtual Training market.
Q2. What are the restraining factors for the Military Simulation and Virtual Training market?
The inability of virtual systems to fully replicate the operational environment during simulation and training is a key factor that hampers the growth of the market.
Q3. Which Segments are covered in the Military Simulation and Virtual Training market report?
Platform, Solution, and Region, these segments are covered in the Military Simulation and Virtual Training market report.
Q4. Which segment is projected to hold the largest share in the Military Simulation and Virtual Training Market. ?
The flight simulation and training segment is projected to hold the largest share in the Military Simulation and Virtual Training Market.
Q5. Which are the prominent players in the Military Simulation and Virtual Training Market?
BAE Systems PLC, CAE Inc., Elbit Systems Ltd, Israel Aerospace Industries Ltd, L-3 Technologies, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Rockwell Collins, Inc., Thales Group, The Boeing Company. are some key players in the Military Simulation and Virtual Training Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Military Simulation and Virtual Training Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Platform
- 5.2.1. Airborne
- 5.2.2. Ground-based
- 5.2.3. Naval
- 5.3. Market Analysis, Insights and Forecast – By Solution
- 5.3.1. Flight simulation and training
- 5.3.2. Battlefield simulation and training
- 5.3.3. Ship simulation and training
- 5.3.4. Vehicle simulation and training
- 5.3.5. UAV simulation and training
- 5.3.6. Submarine simulation and training
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Military Simulation and Virtual Training Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Platform
- 6.2.1. Airborne
- 6.2.2. Ground-based
- 6.2.3. Naval
- 6.3. Market Analysis, Insights and Forecast – By Solution
- 6.3.1. Flight simulation and training
- 6.3.2. Battlefield simulation and training
- 6.3.3. Ship simulation and training
- 6.3.4. Vehicle simulation and training
- 6.3.5. UAV simulation and training
- 6.3.6. Submarine simulation and training
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Military Simulation and Virtual Training Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Platform
- 7.2.1. Airborne
- 7.2.2. Ground-based
- 7.2.3. Naval
- 7.3. Market Analysis, Insights and Forecast – By Solution
- 7.3.1. Flight simulation and training
- 7.3.2. Battlefield simulation and training
- 7.3.3. Ship simulation and training
- 7.3.4. Vehicle simulation and training
- 7.3.5. UAV simulation and training
- 7.3.6. Submarine simulation and training
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Military Simulation and Virtual Training Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Platform
- 8.2.1. Airborne
- 8.2.2. Ground-based
- 8.2.3. Naval
- 8.3. Market Analysis, Insights and Forecast – By Solution
- 8.3.1. Flight simulation and training
- 8.3.2. Battlefield simulation and training
- 8.3.3. Ship simulation and training
- 8.3.4. Vehicle simulation and training
- 8.3.5. UAV simulation and training
- 8.3.6. Submarine simulation and training
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Military Simulation and Virtual Training Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Platform
- 9.2.1. Airborne
- 9.2.2. Ground-based
- 9.2.3. Naval
- 9.3. Market Analysis, Insights and Forecast – By Solution
- 9.3.1. Flight simulation and training
- 9.3.2. Battlefield simulation and training
- 9.3.3. Ship simulation and training
- 9.3.4. Vehicle simulation and training
- 9.3.5. UAV simulation and training
- 9.3.6. Submarine simulation and training
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. BAE Systems PLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. CAE Inc.
- 10.6. Elbit Systems Ltd
- 10.7. Israel Aerospace Industries Ltd
- 10.8. L-3 Technologies, Inc.
- 10.9. Lockheed Martin Corporation
- 10.10. Northrop Grumman Corporation
- 10.11. Rockwell Collins, Inc.
- 10.12. Thales Group
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
