What is Military Simulation & Training Market?
The use of computer simulations is a practical, limited-cost substitute for expensive physical training. Simulation offer training where physical training cannot be conducted easily such as natural disasters, large-scale terrorism. Well-designed virtual military simulations are motivational, interactive, educational, flexible and, not to forget, fun. Training is considered to be one of the crucial factors in achieving the military goal.
The market study is being classified, by Application (Ground, Airborne and Naval) and major geographies with country level break-up.
BAE Systems PLC (United Kingdom), CAE Inc. (Canada), Elbit Systems Ltd (Israel), Israel Aerospace Industries Ltd (Israel), L-3 Technologies, Inc. (United States), Lockheed Martin Corporation (United States), Northrop Grumman Corporation (United States), Rockwell Collins, Inc. (United States), Thales Group (France) and Boeing Company (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Military Simulation & Training market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Military Simulation & Training market by Type, Application and Region.
On the basis of geography, the market of Military Simulation & Training has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Adoption of Virtual Training To Ensure Safety
- Increasing Demand for Conventional and Military Equipment’s( such as Camera) and Software
- Reduction in Military Budgets in Developed Countries, Paving Way for Simulator Training Practices
Market Trend
- Technology Advancement and Innovation in the Field of Military Training
Restraints
- Stringent Government Rules and Regulations
- Complex Simulation System
Opportunities
- Evolution of Simulators for Unmanned Aerial Systems (UAS)
- Increasing R&D Activities in the Field of Military Simulation and Training
Challenges
On November 26, 2018, Rockwell Collins has launched Griffin-2, the next-generation of the company’s industry-leading 360-degree visual system for military fast-jet simulated training
Key Target Audience
Military Simulator Manufacturers, Manufacturers Military Equipment, Government and Regulatory Bodies, Military and Defense Organizations, Software Providers and Service Providers