Military Simulation and Training Market Analysis | 2022-2028
Military Simulation and Training Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
The Military Simulation and Training Market was estimated at US$ 8.7 billion in 2021 and is expected to grow at a CAGR of 5.3% during 2022-2028 to reach US$ ~13.3 billion in 2028.
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Military simulation and training involve the use of advanced technologies to replicate realistic combat scenarios, allowing military personnel to practice and enhance their skills in a controlled environment. Utilizing virtual reality, computer simulations, and other sophisticated tools, these programs enable soldiers to simulate diverse situations, from battlefield tactics to vehicle operations, without actual combat risks. This immersive training fosters strategic thinking, teamwork, and decision-making skills, preparing military forces for a wide range of potential challenges. The goal is to enhance readiness, reduce casualties, and ensure effective responses in real-world situations through experiential learning in a simulated setting.
Global demand for military simulation and training is anticipated to be driven by rising defence spending and new technological advancements to boost military capabilities and efficiency. Rising geopolitical tensions between the various countries and global strengthening initiatives are driving defence investment in these areas. This, in turn, is driving designers and makers of high-tech, high-resolution military simulators to create more of them for use in the training of defence personnel.
A real-time scenario may be portrayed using realistic digital scenarios, and military simulation can be utilized to teach aspiring troops. One of the key elements influencing the market expansion is projected to be the rising investments in simulation software. Additionally, the industry is driven by defense ministries of various nations reforming and changing their military in novel ways.
The armed forces of several nations worldwide are rapidly using military simulation and virtual training. Because they are built using Commercial-off-the-Shelf (COTS) components, they assist in lowering training expenses. The simulators have a minimal cost of development. These elements are crucial for the military's substantial advancements in simulation-based training systems.
The military simulation and virtual training industry is expected to increase due to the rising need for equipment modifications on already purchased items and orders for new, cutting-edge equipment. For instance, Augmented Reality (AR) visual systems were created by Bohemia Interactive Simulation for Textron, Inc. These systems provide a synthetically created visual picture and facilitate a trainee's interactions with the actual world utilizing VR/AR technology.
It is anticipated that developing portable simulation systems, such as vehicle, flight, and combat simulation, would provide solutions that may be customized to meet unique demands and objectives. These technologies can enhance the methods for applications relating to aerial, terrestrial, and marine platforms providing warriors with strategic experience. Soldiers' ability and general comprehension are improved via simulation training. These systems enable the armed services to improve their proficiency in handling sophisticated missile systems and intricate electronic military apparatus, which is expected to drive market expansion.
Because it takes so long to create a reproduction of any proven aircraft, product development in the simulator industry is a drawn-out process. Additionally, OEM certification is needed before flight simulator developers may create a duplicate of an aircraft, which extends the time and expense of development. Additionally, producers need to provide clients with items that are versatile and adaptive to their demands while also enabling them to deal with the ever-changing environment of pilot training. Providing the necessary simulators on time is difficult since they must also adhere to safety and regulatory management constraints.
Due to travel limitations, the COVID-19 epidemic has had a detrimental influence on the global military simulation and training market, and it is predicted that this will continue through 2020. The broader economy has been harmed, and contributors like market players are creating smart cost-saving initiatives. Regulatory and legislative changes, reliance on labor, working capital management, and liquidity and solvency management are the main risk considerations for market participants in military simulation and training. During the pandemic, most development facilities for military simulation and training have been shut down due to travel restrictions, a lack of labor, and disruptions in the supply chain.
Military Simulation and Training Market Report Overview
Market Size in 2028
US$ ~13.3 billion
Market Size in 2021
US$ 8.7 billion
Market Growth (2022-2028)
Base Year of Study
Several investments/guidelines in the industry have been directed in recent years, which would boost the overall market. Some of them are:
The market is segmented into live, virtual, and constructive.
The market is divided into 5G, robotic process automation, big data analytics, Artificial Intelligence, Internet of Things, 3D Printing, cloud computing & master data management, digital twin, blockchain, and AR & VR.
The market is segmented into army, naval, and aviation. In the anticipated year, the aviation industry is anticipated to have a greater market share. This is mostly because airplanes are more sophisticated and risky than other end users. For instance, a single error made by the pilots of a military aircraft during takeoff or landing might result in the loss of complex military equipment, the loss of life on board, and risk to the mission. This complexity compelled the military authorities to adopt simulator-based training for pilots.
In terms of regions, North America is likely to maintain its supremacy in the military simulation and training market throughout the forecast period. The main causes driving the need for new ship commanders and crew are the increased orders from the US and Canada to replace the outdated navy fleet with new ones and the increased export of products. Additionally, this results in a rise in demand for military training programs. Between 2019 and 2038, North America is expected to need more than 193,000 aviation technicians and maintenance personnel, according to Boeing Technician Outlook 2019. During the projection period, it is predicted that this will increase demand for maintenance staff training throughout the area. The market is also anticipated to be driven by the presence of well-known producers and integrators of this Military Simulation and Training, such as Lockheed Martin (US), Northrop Grumman (US), and L3Harris Technologies, Inc. (US), and Raytheon Technologies (US).
Concurrently, the military simulation and training market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. China and India, for example, have expanded their military spending, encouraging the purchase of this technology. The regional demand is also anticipated to be boosted by an emphasis on providing forces with best-in-class training that is both affordable and efficient. A few notable initiatives are the Helicopter Aircrew Training System (HATS) program and the Sea 1000 future submarine simulators by Australia, the J15 flight simulators and J-13 flight simulators by China, the Rafale simulators and fifth-generation aircraft simulators by India, and others.
There is stiff competition in the military simulation and training market. The growth of the companies is directly dependent on industry conditions and government support. These companies differentiate their military simulation and training based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:
The overall competitive landscape has been affected due to these mergers and acquisitions. The following are the major players in the military simulation and training market:
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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In-depth Analysis of the Military Simulation and Training Market
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Market forecast and trend data and emerging trends
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Global, regional, and country-level historical data and forecasts
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Market segment analysis and Forecast
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Competitive landscape analysis, Market share analysis
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The military simulation and training market is estimated to grow at a healthy CAGR of 5.3% over the next five years.
The military simulation and training market is likely to reach US$ ~13.3 billion in 2028.
The military simulation and training market has been segmented into five regions: North America, Europe, Asia-Pacific, South East and Africa, and South America.
North America is likely to maintain its supremacy in the military simulation and training market throughout the forecast period.
The military simulation and training market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period.
The major players in the Military Simulation and Training Market are BAE Systems, Bohemia Interactive Simulations, Cubic Corporation, CAE, Inc., Lockheed Martin Corporation, L3 Link Training & Simulation, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, Meggitt PLC, Raytheon Technologies, Rheinmetall AG, Rockwell Collins Inc., SAAB AB, Textron Inc., and Thales Group.
The market is studied from 2016-2028.
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