Military Simulation and Virtual Training Market Size & Share, by Platform Type (Flight, Vehicle, Battlefield and Virtual Boot Camp) and By Application (Ground, Air and Naval) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 2639
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Get more information on this report: Request Free Sample PDF

Military Simulation and Virtual Training Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Need for Simulation And Training Backed By The Increasing Deployment of Advanced Warfare Machines
    Several nations around the globe are increasingly spending to equip themselves with advanced warfare machines as a safety measure for the security and integrity of their nation. These advanced military machines require proper training of the military personnel for its efficient use during a military warfare or during any emergency. As a result, there is an increasing need amongst the nations to train their military personnel with modern and advanced machines, which is anticipated to drive the growth of the global military simulator and virtual training market during the forecast period.
  • Increasing Concern for the Cost and Feasibility of Practical Training of Military Personnel
    Several machines that are deployed with the military require user-specific training and skillset for operating these machines. But the challenges that lie ahead with the training of the personnel for such machines, especially the cost of training and the feasibility of setting up a practical scenario for the training, are some of the factors that is raising the need for the deployment of computerized simulators and virtual training solutions. These virtual setups are generally deployed in training centers that are designed specifically with a one-time expenditure for long term use and therefore the plan significantly reduces the training cost of nations. Moreover, these virtual simulators are also take up less space as compared to that of a practical field set up and can be also set up indoors in a controlled environment, therefore providing the trainer greater control on the level of training required for the trainees. The trainer can also set the level of training to basic, intermediate, or pro, depending on the requirement at that moment. Such factors are anticipated to drive the growth of the global military simulator and virtual training market over the forecast period.

Challenges

  • Continuous Advancements in Technology
    Technology is a dynamic subject of interest and the advancements take place daily, whether small or big. As a result, several challenges lie ahead with the developers of the virtual simulators as at times, the addition of the new advanced feature to the existing old system might not be supported. On the other hand, most of these systems work on advanced technologies, such as artificial intelligence and machine learning, and most of these systems also utilize the internet to access the updated training modules or any system updates, therefore paving a path for a cyber-attack or any other related crimes, which is also anticipated to hamper towards the growth of the global military simulator and virtual training market over the forecast period.

Military Simulation and Virtual Training Market: Key Insights

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

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Military Simulation and Virtual Training Segmentation

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

  • Flight
  • Vehicle
  • Battlefield
  • Virtual Boot Camp

By Application

  • Ground
  • Air
  • Naval

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Military Simulation and Virtual Training Industry - Regional Synopsis

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.

Get more information on this report: Request Free Sample PDF

Companies Dominating the Military Simulation and Virtual Training Landscape

    Northrop Grumman Corporation

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

    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


  • Report ID: 2639
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of military simulation and virtual training is estimated at USD 13.77 billion.

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.

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 major players in the market are 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, and others.
Military Simulation and Virtual Training Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample