Industry Background:
Military virtual training is an interactive and immersive training method by the computer-generated atmosphere of interactive devices that receive and send data using gloves, goggles, bodysuits, or headsets. The use of data gloves and head-mounted displays (HMD) facilitates military people to interact with objects within a virtual atmosphere. Military virtual training is a cost-effective technique as compared to conventional training methods. For instance, using flight simulators than actual aircraft for airborne training. It enables them to do practices without the risk of death or serious injury. The key factor driving the military virtual training market is increasing government initiatives to streamline the training process for military and defense operations.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | L-3 Link Simulation and Training (United States), Boeing (United States), CAE Inc. (Canada), Flight Safety International (United States), Thales (France), Lockheed Martin (United States), Cubic Corporation (United States), Rheinmetall Defense (Germany), Raytheon (United States), Rockwell Collins (United States) and Northrop Grumman Corporation (United States) |
According to AMA, the market for Military Virtual Training is expected to register a CAGR of 4.58% during the forecast period to 2028. This growth is primarily driven by Growing Adoption of Simulator Training Practices in Developed Economies, Increasing Defense Expenditures in the Developing Economies and Rising Adoption of Virtual Training Owing To Cost-Effectiveness by Defense Ministries.
Globally, a noticeable market trend is evident Emphasizing On Portable Simulation Systems for Providing Tailored Solutions for Virtual Training
Major Manufacturers, such as L-3 Link Simulation and Training (United States), Boeing (United States), CAE Inc. (Canada), Flight Safety International (United States), Thales (France), Lockheed Martin (United States), Cubic Corporation (United States), Rheinmetall Defense (Germany), Raytheon (United States), Rockwell Collins (United States) and Northrop Grumman Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Fragmented nature of market owing to numerous players present in the market. The government of key countries is focusing on a military virtual training program. For instance, the United States Training Environment Cross Functional Team is planning to move its operations from Fort Leavenworth, Kan., army installation to Central Florida Research Park. It will also have 2,200 square feet there for virtual Training & Simulation program.
Key Developments in the Market:
In June 2021, Saab and Varjo Bring collaborate to revolutionize Flight SimThe Finnish company Varjo has developed a human eye resolution mixed reality (XR) technology that will be integrated into all Saab Gripen E/F simulators. In addition to the highest resolution and widest field of view in the industry, the collaboration will also offer numerous new training opportunities at a fraction of the cost.
Influencing Trend:
Emphasizing On Portable Simulation Systems for Providing Tailored Solutions for Virtual Training and The Emergence of Virtual Reality in Flight Simulation, Virtual Boot Camp, Battlefield Simulation, And Others
Market Growth Drivers:
Growing Adoption of Simulator Training Practices in Developed Economies, Increasing Defense Expenditures in the Developing Economies and Rising Adoption of Virtual Training Owing To Cost-Effectiveness by Defense Ministries
Challenges:
Lack of Investment for R&D in Developing Countries
Restraints:
Complexity Involved In Simulator and Military Virtual Training and Resistance to Acceptance towards Military Virtual Training Program
Opportunities:
Increasing R&D Activities in the Field Of Military Virtual Training, Technological Advancements in the Area of Military Virtual Training and Increasing Focus on Training and Safety in Defense Sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Military Virtual Training Market
- Analysis about New Entrants in Military Virtual Training Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Military Virtual Training Study Sheds Light on
The Military Virtual Training Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Military Virtual Training industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Military Virtual Training industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.