Global Military Simulation and Virtual Training Market to Grow at 3.12% CAGR to Reach US$128.5 Bn by Forecast Period

Pune India - August 8, 2018 /MarketersMedia/ —

The global military simulation and virtual training market is primarily driven by military platform procurement programs undertaken by several armed forces across the globe. Also, militaries are incorporating simulation based training techniques to ensure safety, cut down operating costs and wear and tear of machinery associated with real time training.

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Scope:
• The Global Military Simulation and Virtual Training Market is projected to value US$10.2 billion in 2018 and is expected to grow at a CAGR of 3.12% during the forecast period.
• The cumulative market for global expenditure on military simulation and virtual training will reach US$128.5 billion over the forecast period.
• In terms of segments, the military simulation and virtual training market is split into three segments: combat, flight, and maritime.
• During the forecast period, flight simulators will lead the global military simulation and virtual training market, with a share of 53.8%, followed by the maritime segment and combat simulators segments over the forecast period.

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Reason to Buy:
• Determine prospective investment areas based on a detailed trend analysis of the global military simulation and virtual training market over the next ten years.
• Gain in-depth understanding about the underlying factors driving demand for different military simulation segments in the top spending countries across the world and identify the opportunities offered by each of them.
• Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
• Identify the major channels that are driving the global military simulation and virtual training market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
• Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global military simulation and virtual training market.
• Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military simulator providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

Companies Mentioned
• Lockheed Martin
• Boeing
• CAE
• Thales
• Rockwell Collins
• L-3 Link Training and Simulation
• SaaB
• Rheinmetall AG
• Airbus
• Cubic Global Defense Inc
• Fidelity Technologies Corporation
• Meggitt Training Systems
• VirTra Systems
• FAAC

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Contact Info:
Name: Shirish Gupta
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Website: https://www.themarketreports.com/report/the-global-military-simulation-and-virtual-training-market-2018-2028

Release ID: 391031