Dublin, Jan. 09, 2019 (GLOBE NEWSWIRE) -- The "The Global Military Simulation and Virtual Training Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

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.

Global Military Simulation and Virtual Training Market 2018-2028 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military simulation and training equipment, key market trends, and challenges faced by industry participants.

Summary

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.

With a number of defense ministries across the globe looking to improve the cost effectiveness of operations, the need for low-cost simulators with advanced artificial intelligence (AI) is expected to surge over the forecast period. Moreover, the technology to develop military training simulators has become more affordable, which in turn resulted in the growth of homeland security and border patrol simulators.

Scope

• 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.

Key Topics Covered:

Executive Summary

Global Military Simulation and Virtual Training Market - Overview

• Global Military Simulation and Virtual Training By Region, 2018-2028
• Global Military Simulation and Virtual Training By Segment, 2018-2028

Market Dynamics

• Demand Drivers: Analysis of factors that trigger spending within the sector
• Trends: Prevalent practices, industry consolidation and procurement patterns within the market
• Technological Developments : New products, processes and innovations recently inducted within the sector
• Key Challenges: Obstacles affecting sector growth

Global Military Simulation and Virtual Training Market - Segment Analysis

• Segment Analysis: Flight Simulators
• Market size and CAGR growth analysis, 2018-2028
• Change in market share, 2018-2028
• Segment Analysis: Maritime Simulators
• Market size and CAGR growth analysis, 2018-2028
• Change in market share, 2018-2028
• Segment Analysis: Combat Simulators
• Market size and CAGR growth analysis, 2018-2028
• Change in market share, 2018-2028

Global Military Simulation and Virtual Training Market - Regional Analysis

• Global Military Simulation and Virtual Training - Regional Overview, 2018 & 2028
• Regional Analysis
• Market size and CAGR growth analysis, 2018-2028
• Change in market share, 2018-2028
• Top Suppliers

Global Military Simulation and Virtual Training Market - Trend Analysis

• Top 10 Global Growth Opportunities Scores
• Global Military Simulation and Virtual Training - Country Overview, 2018 & 2028
• Leading Segments in Key Countries
• Country Analysis - 14 leading companies
• Market size and CAGR growth analysis, 2018-2028
• Change in market share, 2018-2028
• Segmental Share (%), 2018-2028
• Country Share (%), 2018 & 2028
• Major Suppliers
• Segmental Analysis

Military Simulation and Virtual Training Market - Future Outlook (The Road Ahead)

Key Programs Analysis

• Description of key programs
• Delivery period, units and total expenditure

Competitive Landscape Analysis

• Competitive analysis - 14 leading companies
• Major Products and Services
• Financial Analysis covering Revenue, Operating Profit and Net Profit
• Financial Deal and Contracts

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

For more information about this report visit https://www.researchandmarkets.com/research/8ld3lp/global_military?w=12

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