Global Military Simulation & Virtual Training Market to See 3.43% CAGR, Predicts SDI in Its Cutting-Edge Report Now Available at MarketPublishers.com
01 Aug 2017 • by Natalie Aster
LONDON – Challenging security conditions from pole to pole in the wake of urban warfare and unconventional attack styles, have showed that traditional military training methods are currently ineffective. Today, new dynamic methods (that combine live and virtual training) help to prepare armed forces for coordinated attacks and future missions. Simulation is recognised as an essential integral part of this innovative approach that is predicted to boost the demand in the coming years.
Globally, the military simulation and virtual training industry is anticipated to increase at a 3.43% CAGR between 2017 and 2027.
On the back of enhancing focus of major economies on the modernization and strengthening of their defense and attack capabilities, flight simulators will likely take lead in the world’s market for military simulation and virtual training in the offing. In 2027, the flight simulators sector is expected to grab a 59.3% share of the overall market; it will be followed by the maritime simulators sector with a share of appr. 22.8%.
The North American region is projected to continue taking lead in the worldwide military simulation and virtual training market; the region’s share of the global market revenues is poised to exceed 33% in 2027.
The new report “Global Military Simulation and Virtual Training Market 2017-2027” worked out by Strategic Defence Intelligence (SDI) shows a clear picture of the current landscape and dynamics of the military simulation and virtual training market at all geographical scales. It presents a detailed analysis of the market shares and size, examines the main growth limiters and propellers, discloses vita data on spending and modernization patterns of different countries, reviews the recent developments, discusses the top growth challenges and opportunities. Besides, this research publication grants access to updated info on the major programs that are poised to be executed in different segments in the coming years. The report also highlights the competitive environment, offers profiles of the top companies active in the market and contains a ten-year future outlook for the military simulation and virtual training market.
Many other in-demand reports by this publisher are at hand in the SDI catalogue.