Military Simulation and Virtual Training Market size was valued at USD 13.26 billion in 2023 and is likely to cross USD 24.39 billion by 2036, registering more than 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of military simulation and virtual training is estimated at USD 13.77 billion.
The global military simulation and virtual training market is thriving on the back of the increasing instances of civil and political clashes, which is raising the requirement of skilled military personnel, and therefore the need for intensified training practices. Further, factors such as the growing adoption of flight simulators, constantly growing production cost of aircraft, and focus on reducing the flying time with reduced cost are propelling the growth of the global military simulator and virtual training market. On the other hand, the defense ministries of nations worldwide are rapidly opting for various virtual training and simulation-based games for the practice of the military personnel which are equipped with modern technologies, such as artificial intelligence (AI), big data, and cloud data which, in turn, is anticipated to promote towards the growth of the market.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
4.8% |
Base Year Market Size (2023) |
USD 13.26 billion |
Forecast Year Market Size (2036) |
USD 24.39 billion |
Regional Scope |
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The military simulation and virtual training market is segmented by application into ground, air and naval, out of which, the ground segment is estimated to hold the largest market share owing to the rise in procurement of land systems, such as combat training simulation systems, turret team training simulators and tactical training simulators, among others.
Our in-depth analysis of the global market includes the following segments
By Platform Type |
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By Application |
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Based on region, the global military simulation and virtual training market are segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is predicted to hold largest revenue share by 2036, on account of favorable government initiatives and the availability of advanced military infrastructure in the region. The U.S. Air Force is focusing on minimizing the flying hours to reduce cost and time and some of their programs include the army’s live training transformation (LTT) systems, F-35 aircrafts simulator US Air Force’s F-16 training system, and long-range strike-B simulators, among others. On the other hand, the market is expected to grow at the highest rate in Asia Pacific on account of the increasing defense budgets of major economies such as China, India, South Korea, and Australia, coupled with the rising research and development expenditure, thus supporting the availability of advanced military infrastructure and growth of military simulation and virtual training market in the region.
Northrop Grumman Corporation
Thales Group
Cubic Corporation
CAE Inc.
Elbit Systems
Rockwell Collins Inc.
BAE Systems
Bohemia Interactive Simulations
Lockheed Martin Corporation
L3 Link Training & Simulation
Author Credits: Dhruv Bhatia
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