Global Military Simulation and Training Market to reach USD 17.72 billion by 2027

Global Military Simulation and Training Market Size study, by Training Type (Live, Virtual, Constructive, Gaming Simulation), by Application (Airborne, Naval, Ground) and Regional Forecasts 2020-2027
Product Code:  IACTNGT_58661171
Chapter 1. Executive Summary 
 1.1. Market Snapshot
 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
 1.2.1. Military Simulation and Training Market, by Region, 2018-2027 (USD Billion)
 1.2.2. Military Simulation and Training Market, by Training Type, 2018-2027 (USD Billion)
 1.2.3. Military Simulation and Training Market, by Application, 2018-2027 (USD Billion)
 1.3. Key Trends
 1.4. Estimation Methodology
 1.5. Research Assumption
 Chapter 2. Global Military Simulation and Training Market Definition and Scope 
 2.1. Objective of the Study
 2.2. Market Definition & Scope
 2.2.1. Scope of the Study
 2.2.2. Industry Evolution
 2.3. Years Considered for the Study
 2.4. Currency Conversion Rates
 Chapter 3. Global Military Simulation and Training Market Dynamics 
 3.1. Military Simulation and Training Market Impact Analysis (2018-2027)
 3.1.1. Market Drivers
 3.1.2. Market Challenges
 3.1.3. Market Opportunities
 Chapter 4. Global Military Simulation and Training Market Industry Analysis
 4.1. Porter’s 5 Force Model
 4.1.1. Bargaining Power of Suppliers
 4.1.2. Bargaining Power of Buyers
 4.1.3. Threat of New Entrants
 4.1.4. Threat of Substitutes
 4.1.5. Competitive Rivalry
 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
 4.2. PEST Analysis
 4.2.1. Political 
 4.2.2. Economical
 4.2.3. Social 
 4.2.4. Technological 
 4.3. Investment Adoption Model
 4.4. Analyst Recommendation & Conclusion
 Chapter 5. Global Military Simulation and Training Market, by Training Type 
 5.1. Market Snapshot 
 5.2. Global Military Simulation and Training Market by Training Type, Performance - Potential Analysis
 5.3. Global Military Simulation and Training Market Estimates & Forecasts by Training Type 2017-2027 (USD Billion)
 5.4. Military Simulation and Training Market, Sub Segment Analysis
 5.4.1. Live
 5.4.2. Virtual
 5.4.3. Constructive
 5.4.4. Gaming Simulation
 Chapter 6. Global Military Simulation and Training Market, by Application
 6.1. Market Snapshot 
 6.2. Global Military Simulation and Training Market by Application, Performance - Potential Analysis
 6.3. Global Military Simulation and Training Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
 6.4. Military Simulation and Training Market, Sub Segment Analysis
 6.4.1. Airborne
 6.4.2. Naval
 6.4.3. Ground
 Chapter 7. Global Military Simulation and Training Market, Regional Analysis
 7.1. Military Simulation and Training Market, Regional Market Snapshot 
 7.2. North America Military Simulation and Training Market 
 7.2.1. U.S. Military Simulation and Training Market
 7.2.1.1. Training Type breakdown estimates & forecasts, 2017-2027 
 7.2.1.2. Application breakdown estimates & forecasts, 2017-2027 
 7.2.2. Canada Military Simulation and Training Market
 7.3. Europe Military Simulation and Training Market Snapshot
 7.3.1. U.K. Military Simulation and Training Market 
 7.3.2. Germany Military Simulation and Training Market
 7.3.3. France Military Simulation and Training Market
 7.3.4. Spain Military Simulation and Training Market
 7.3.5. Italy Military Simulation and Training Market
 7.3.6. Rest of Europe Military Simulation and Training Market
 7.4. Asia-Pacific Military Simulation and Training Market Snapshot
 7.4.1. China Military Simulation and Training Market 
 7.4.2. India Military Simulation and Training Market 
 7.4.3. Japan Military Simulation and Training Market
 7.4.4. Australia Military Simulation and Training Market
 7.4.5. South Korea Military Simulation and Training Market
 7.4.6. Rest of Asia Pacific Military Simulation and Training Market
 7.5. Latin America Military Simulation and Training Market Snapshot
 7.5.1. Brazil Military Simulation and Training Market
 7.5.2. Mexico Military Simulation and Training Market
 7.6. Rest of The World Military Simulation and Training Market
 
 Chapter 8. Competitive Intelligence
 8.1. Top Market Strategies
 8.2. Company Profiles
 8.2.1 CAE Inc.
 8.2.1.1. Key Information
 8.2.1.2. Overview
 8.2.1.3. Financial (Subject to Data Availability)
 8.2.1.4. Product Summary
 8.2.1.5. Recent Developments
 8.2.2. Airbus Group SE
 8.2.3. BAE Systems PLC
 8.2.4. Elbit Systems PLC
 8.2.5. General Dynamics Corp.
 8.2.6. Cubic Inc.
 8.2.7. L3 Technologies Inc.
 8.2.8. Leonardo S.p.A.
 8.2.9. Lockheed Martin Corp.
 8.2.10. Northrop Grumman Corp. 
 Chapter 9. Research Process
 9.1. Research Process
 9.1.1. Data Mining
 9.1.2. Analysis
 9.1.3. Market Estimation
 9.1.4. Validation
 9.1.5. Publishing
 9.2. Research Attributes
 9.3. Research Assumption

Global Military Simulation and Training Market is valued approximately USD 11.67 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.57 % over the forecast period 2020-2027. Military simulation and training are an important technology used for the provision of machine use and maintenance training services and for the techniques of military warfare. A time-efficient and cost-saving approach, specifically used by the defense industry, is military simulation and training. It is used as an important tool in the defense sector to prepare staff for higher roles, to promote new methods and procedures for personnel, to establish and evaluate new methods, as well as to evaluate the efficacy of modern weapons systems. The market is driven by adoption of virtual training to ensure trainee protection and cost-effectiveness, reduction of military budgets in developing countries, paving the way for simulator training activities, growing political tensions and civil unrest worldwide. The key players of global Military simulation and training market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, in August 2020, Bohemia interactive Simulations (BISim) launched VBS4 20.1, BISim’s most critical tech update since 2013. VBS4 is a synthetic and positive simulation of the entire earth. It provides a major phase improvement from VBS3, offering greater ease of use, improved performance and full-earth terrain representation. In July 2018, Northrop Grumman Corporation was awarded a contract of USD 128 million by the US Army to provide operation and sustainment of virtual, live, constructive training, and simulation systems. The company has been supporting the army program, Mission Training Complex Contractor Support (MTCCS – III Corps). The company provides mission command training to more than 70,000 service members annually.

The regional analysis of global Military Simulation and Training Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of paving the way for simulator training activities, growing political tensions and civil unrest. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Adoption of virtual training to ensure trainee protection and cost-effectiveness, reduction of military budgets in developing countries would create lucrative growth prospects for the Military Simulation and Training Market across Asia-Pacific region.

Major market player included in this report are:
Airbus Group SE
BAE Systems PLC
CAE Inc.
Elbit Systems PLC
General Dynamics Corp.
Cubic Inc.
L3 Technologies Inc.
Leonardo S.p.A.
Lockheed Martin Corp.
Northrop Grumman Corp.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Training Type:
Live
Virtual
Constructive
Gaming Simulation

By Application:
Airborne
Naval
Ground

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Military Simulation and Training Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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