Military Simulation and Virtual Training Market Size

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.