Global Military Simulation and Virtual Training Market Poised for Growth with a Positive CAGR of 4.2% between 2017 and 2021


Published on : Apr 27, 2017

Albany, New York, April 27, 2017: Military simulation and virtual training devices market seem to grow tremendously in coming years. The market is driven by advancement in technology and potential war conditions between super powers developed countries. For more detailed instinct in the simulation and virtual training market, Market Research Hub (MRH) has recently added a report titled as “Global Military Simulation and Virtual Training Market 2017-2021” to its vast catalog of research studies. The report is a detailed analysis of the military simulation and virtual training device market which is forecasted to grow at a CAGR of 4.2% during the period 2017-2021.  

The simulators and virtual training devices are the sophisticated equipment that reproduces the extreme conditions experienced on the aerial platforms, the flight deck of naval vessels, armored vehicles, target systems, and missiles. The military simulation and virtual training market shows huge potential and growth in the coming years due to various factors, including:

  • Full-scale military exercises, or even smaller-scale ones, are not always feasible or even desirable.
  • Resources, including money, is a significant factor.
  • Certain warfare models can be easily verified using this virtual realistic method.
  • It is often more convenient to test a theory by reducing the level of personnel involvement.
  • The advantage of reduced costs and increased accessibility. 

The report starts with the executive summary of the market with research methodology, introduction and key highlights of the market. On the basis of product type, the global military simulation and virtual training market is segmented into, global military flight simulators market, global military maritime simulators market, and global military combat simulators market. Moreover, on the geographical scale, the market is divided into:

  • Americas
  • APAC
  • EMEA 

Further, the drivers & challenges and their impact on the key customer segments is provided in brief. The report is further detailed with market trends such as the emergence of portable simulation, education with synthetic training environment, 3D simulation provisions for training and introduction of head-worn VR systems. 

In the next section, the key vendors of the military simulation and virtual training market are listed in the provided research that includes: CAE, L3 Link Simulation & Training, Lockheed Martin, Rockwell Collins, Saab, Barco, Boeing, Fidelity Technologies, Thales and TRU Simulation + Training. 

Click here to get more info with TOC in a PDF Format : http://www.marketresearchhub.com/enquiry.php?type=S&repid=1063534

For the buyers, the report acts as  a complete source of global military simulation and virtual training market which analyzes the key aspects for the time period 2017-2022. It is researched and prepared with in-depth analysis of the market trend with inputs from industry experts, held with the facts and figures that support the market.

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