Military Simulation and Training Market Growth, Analysis & Forecast by 2021

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Military Simulation and Training Market Growth,
Analysis Forecast by 2021
The report "Military Simulation and Training
Market by Application (Airborne Simulation, Naval
Simulation, Ground Simulation), Training Type
(Live Training, Virtual Training, Constructive
Training, Gaming Simulation Training), and
Region - Global Forecast to 2021", published by
MarketsandMarkets, the market is estimated to be
USD 10.31 Billion in 2016 and is projected to
reach USD 12.67 Billion by 2021, at a CAGR of
4.20 during the forecast period. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnload.asp?id661 Browse 80 market data Tables
and 58 Figures spread through 155 Pages and
in-depth TOC on "Military Simulation and
Training Market" http//www.marketsandmarkets.co
m/Market- Reports/military-simulation-virtual-tra
ining- market-661.html Early buyers will receive
10 customization on this report. Factors, such
as rising instances of political and civil
unrest, declining defense budgets of developed
economies, and overarching need to rationalize
training expenditure are expected to drive the
military simulation and training market. The
ground application segment is projected to grow
at the highest rate during the forecast
period On the basis of application, the ground
segment is estimated to grow at the highest rate
due to rise in procurement of land systems, such
as combat training simulation systems, turret
team training simulators, tactical training
simulators, among others. These simulator systems
are in demand for military combined arms
applications and missions. Gaming simulation
segment is estimated to grow at the highest rate
during the forecast period Based on training
type, the Military Simulation and Training Market
has been segmented into live, virtual,
constructive, and gaming simulation. The live
training segment is expected to account for the
maximum market share during the forecast period.
However, the gaming simulation segment is
estimated to grow at the highest rate due to the
increasing demand for gaming simulation for
training, tactics analysis, and mission
preparation. Gaming simulation is an important
tool to impart training to war fighters by
recreating battlefield. The military simulation
and training market in Asia-Pacific is expected
to grow at the highest rate The market for
military simulation and training is estimated to
be the largest in North America. However, this
market in APAC is expected to grow at the highest
rate due to increasing defense budgets of major
economies (China, India, South Korea, and
Australia) in the region, and rising RD
expenditure for military simulation and
training. Military Simulation and Virtual
Training Market ecosystem
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• The military simulation and training market
  comprises training device providers, such as
  Lockheed Martin Corporation (U.S.), Northrop
  Grumman Corporation (U.S.), CAE, Inc. (U.S.),
  Thales Group (France), and L-3 Communications
  Holdings, Inc. (U.S.), among others, and
  component manufacturers, such as Raytheon
  Company (U.S.), Rockwell Collins Inc. (U.S.),
  Cubic Corporation (U.S.), and Rheinmetall AG
  (Germany), among others. They offer advanced
  technology systems, products, and services. They
  also provide a broad range of management,
  engineering, technical, communications, and
  information services, simulation capabilities,
  and training services.
• Target Audience for this Report
• Manufacturers of Defense Equipment
• Military and Defense Organizations
• Government Agencies
• Subcomponent Manufacturers
• Original Equipment Manufacturers (OEMs)
• Technology Providers
• Military Simulator Manufacturers
• Military Simulation Service Providers
• Military Simulator Distributors
• Military Equipment Manufacturers such as Aircraft
  Ship, Submarine Rotorcraft
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