Military Simulation and Virtual Training Market: $15.8B Worth Global Opportunity by 2025
DALLAS, April 9, 2015 /PRNewswire/ --
MarketReportsStore.com adds The Global Military Simulation and Virtual Training Market 2015-2025 research report of 187 pages that forecasts the military simulation and virtual training industry to grow at 4.2% during 2015 to 2025.
The global military simulation and virtual training market is expected to be worth US$10.4 billion in 2015, and is expected increase to US$15.8 billion by 2025, representing a CAGR of 4.20% during the forecast period. The market is anticipated to be dominated by North America followed by Asia-Pacific and Europe. The US is the largest spender, with a cumulative expenditure of US$48.9 billion over the next decade. In terms of segments, flight simulators are expected to account for 60% of the global military simulation market, followed by maritime and combat simulators, occupying 20% each. The Global Military Simulation and Virtual Training Market 2015-2025 report offers detailed analysis of the global military simulation and virtual training market with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for the global simulation and virtual training market, key market trends, and challenges faced by industry participants.
Global military simulation market is set to show positive growth over the forecast period. Regionally, flight simulators are expected to be the main drivers to support growth in the US market with markets in the Middle East to record robust spending on military simulation. African markets are expected to witness a gradual increase in military simulation spending and Brazil is forecast to be the dominant military virtual training and simulation market in the Latin American region.
Within sub-sectors, market size of flight simulators is expected to grow at a CAGR of 4.85% over the forecast period. Maritime simulation market is consistently growing at the global level while combat simulators market is to experience a marginal increase. On the defense budget spending and modernization review, this research says North American defense expenditure projected to decline marginally during the forecast period whereas Asian defense budgets expected to increase at a robust pace. Modernization programs are likely to drive defense expenditure in South American countries while military/defense budgets of African and Middle Eastern countries are expected to increase during the forecast period.
Technological developments discussed in this research include greater focus on advanced LVC capabilities, transportable, reconfigurable, integrated, crew trainer (TRICT) simulator, collimated displays to achieve enhanced field of view and focus, submarine periscope simulator system, COTS technology to result in substantial cost savings for the manufacturers and Cobra Curved Display Flight Simulator, the world's first panadome spherical projection simulator. Strategic partnerships and joint R&D programs are expected to increase over the forecast period while companies are entering into licensing agreements in order to simplify training programs.
Companies discussed in this report include Lockheed Martin Corporation, Boeing, CAE, SaaB, L-3 Link Simulation and Training, DCNS, Cassidian, Sikorsky Aircraft Corporation, Rockwell Collins, Kratos Defense and Security Solutions, Teledyne Brown Engineering, Inc, Thales, HAVELSAN, DiSTI, ZedaSoft Inc, Fidelity Technologies Corporation, Alenia Aeronautica, VirTra Systems and Meggitt Training Systems. Order a copy of this research on military simulation and virtual training market at http://marketreportsstore.com/purchase?rname=32520 .
Reasons To Buy The Global Military Simulation and Virtual Training Market 2015-2025 research report include:
This report will give the user confidence to make the correct business decisions based on a detailed analysis of the global military simulation and virtual training market, and to identify emerging and declining markets over the next ten years. This report will give the user a thorough fact based analysis, with information about the demand for various global military simulation and virtual training segments in each of the top ten countries, and the underlying factors that are driving demand.
The analysts have placed a significant emphasis on the major industries that are driving the global military simulation and virtual training market, which will provide the user with a clear picture about future opportunities that can be tapped, resulting in revenue expansion. The major programs section will inform the user about programs being undertaken within the global military simulation and virtual training departments in different segments of the market
Detailed profiles of the top global military simulation and virtual training providers around the world with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector. A deep qualitative analysis of the global military simulation and virtual training sector covering sections including demand drivers, SWOT, industry trends, and the latest technological developments, among others.
Explore more reports by Strategic Defence Intelligence on the public sector industry at http://marketreportsstore.com/category/public-sector/ .
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