$17B Military Simulation & Virtual Training Market Forecast to 2026
PUNE, India, August 15, 2016 /PRNewswire/ --
Global Military Simulation and Virtual Training Market 2016 - 2026 research report says procurement of simulators is primarily dependent on the procurement of other military equipment such as aircraft, submarines, helicopters, armored vehicles, UAVs, and naval ships. With the market for these systems expected to witness robust expenditure over the forecast period, military simulators will be much in demand. Factors such as internal and external security threats, territorial disputes, and modernization initiatives undertaken by the various armed forces across the world are driving the demand for conventional and unconventional military hardware and software
Complete report on Military Simulation and Virtual Training Market spread across 162 pages that provide analysis of 18 leading companies is now available at http://marketreportsstore.com/the-global-military-simulation-and-virtual-training-market-2016-2026/.
The Military Simulation and Virtual Training Market, valued at US$13.3 billion in 2016, is projected to grow at a CAGR of 2.90% over the 2016-2026 period, to US$17.7 billion by 2026. The market consists of three simulation categories: flight, combat, and maritime. Flight simulators are expected to account for 59% of the global military simulation market, followed by maritime simulators and combat simulators with shares of 21% and 20%, respectively. North America dominates the sector with a share of 36.4%, followed by Europe and Asia Pacific with shares of 25.4% and 25.2%, respectively.
The Global Military Simulation and Virtual Training Market2016-2026 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 simulators, key market trends, and challenges faced by industry participants.
Market Dynamics includes - 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.
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Military Simulation and Virtual Training Market -Segment Analysis provides MARKET size and CAGR growth analysis, 2016-2026; Change in market share, 2016-2026 for segments Combat Simulation and Virtual Training, Transport Simulation and Virtual Training, Rotorcraft Engines and Other Simulation and Virtual Training. The segment analysis also includes regional review, defense capital expenditure, Capex forecast, 2016-2026 and factors influencing military modernization programs.
The report also provides competitive landscape analysis for 18 leading companies, major products and services, major alliances and recent contracts and financial analysis covering revenue, operating profit and net profit.
Reasons to Buy
Determine prospective investment areas based on a detailed trend analysis of the global military Simulation and Virtual Training Market over the next ten years. Gain in-depth understanding about the underlying factors driving demand for different Simulation and Virtual Training Market segments in the top spending countries across the world and identify the opportunities offered by each of them.
Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others. Identify the major channels that are driving the global military Simulation and Virtual Training Market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the military Simulation and Virtual Training Market. Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top military simulator providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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