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Global Military Simulation and Training Market Forecast: By Component: Solutions, Services; By Training Type: Live Training, Virtual Training, Constructive Training; By Environment: Synthetic Environment, Gaming Environment; By Application: Army, Naval, Aviation; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Military Simulation and Training Market Outlook

The global military simulation and training market size reached approximately USD 11.89 billion in 2023. The market is estimated to grow at a CAGR of 6.3% in the forecast period of 2024-2032, reaching a value of around USD 20.61 billion by 2032.

Key Trends in the Market

Military simulation and training encompass a set of activities that are performed with the help of technology-enabled platforms to offer military personnel an immersive training experience. This training method is cost-effective, flexible, and safe and aids soldiers in enhancing their military tactics and strategies.

Increased implementation of AI and machine learning into military training programmes to create dynamic simulated training scenarios is one of the prominent military simulation and training market trends. These technologies can improve the decision-making and combat skills of military personnel by utilising the data collected from different iterations of simulation training.

Growing applications of AR and VR in military training to offer real-life situational awareness to soldiers, enhance their driving and navigation skills so they can handle planes, and submarines, among other military vehicles, and develop their lifesaving skills on the battlefield also contribute to the military simulation and training market growth.

Favourable government initiatives that are aimed at achieving safe and smart military training are also aiding the market expansion. For instance, in Oct 2023, the U.S. government announced the development of an electronic warfare training ground in Gordon to offer the mastery of electronic warfare equipment to its soldiers.

Market Analysis

Based on components, the market is bifurcated into solutions and services. On the basis of training type, the market is divided into live training, virtual training, and constructive training. Based on environment, the market is classified into synthetic environment and gaming environment.

The military simulation and training market segmentation, on the basis of application, includes army, naval, and aviation. The major regional markets of military simulation and training include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the military simulation and training market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

RTX Corp.

Rheinmetall AG

Thales SA

BAE Systems plc

Boeing Co.

Elbit Systems Ltd.

FlightSafety International Inc.

Textron Systems Corporation

Cubic Corp.

Others

Market Share by Application

Aviation occupies a significant portion of the global military simulation and training market share, owing to the high number of complexities and safety issues involved with the aviation sector. A military simulation programme aids military pilots in honing their flying and navigation skills by offering an immersive flying experience in a controlled environment without any physical risk. Furthermore, the surge in the deployment of military training aircraft, which offers basic flight training and is easier to operate for trainees, also aids the market growth.

Market Share by Region

As per the military simulation and training market analysis, North America accounts for a substantial share of the global market, due to the rapid adoption of high-tech military simulators in the region. Factors such as increased investment in the defence sector, coupled with growing advancements in the military field, also offer a positive market outlook.

Subsequently, the Asia Pacific is expected to gain sizeable growth in the forecast period, owing to the surge in military expenditure for simulation training programmes.

Competitive Landscape

RTX Corp. is an aerospace and defence conglomerate, founded in 2020, with its headquarters in Virginia, the United States. Its product portfolio includes aircraft engines, avionics, air defence systems, drones, and satellites, among others.

Rheinmetall AG, incorporated in 1889, is an integrated automotive and arms manufacturer, based in Dusseldorf, Germany. The company offers custom-made military training solutions such as e-learning, sub-task training, and complex simulator formations, among others.

Thales SA, incorporated in 2000, is one of the leading manufacturers of devices and equipment for the aerospace and defence sector. The company readily invests in technology such as AI, cybersecurity, and quantum technology, among others, to provide high-tech solutions for the military sector.

Other military simulation and training market players include BAE Systems plc, Boeing Co., Elbit Systems Ltd., FlightSafety International Inc., Textron Systems Corporation, and Cubic Corp., among others.

Key Highlights of the Report

REPORT FEATURES	DETAILS
Base Year	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Scope of the Report	Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment: Component Training Type Environment Application Region
Breakup by Component	Solutions Services
Breakup by Training Type	Live Training Virtual Training Constructive Training
Breakup by Environment	Synthetic Environment Gaming Environment
Breakup by Application	Army Naval Aviation
Breakup by Region	North America United States of America Canada Europe United Kingdom Germany France Italy Others Asia Pacific China Japan India ASEAN Australia Others Latin America Brazil Argentina Mexico Others Middle East and Africa Saudi Arabia United Arab Emirates Nigeria South Africa Others
Market Dynamics	SWOT Analysis Porter's Five Forces Analysis Key Indicators for Demand Key Indicators for Price
Competitive Landscape	Market Structure Company Profiles Company Overview Product Portfolio Demographic Reach and Achievements Certifications
Companies Covered	RTX Corp. Rheinmetall AG Thales SA BAE Systems plc Boeing Co. Elbit Systems Ltd. FlightSafety International Inc. Textron Systems Corporation Cubic Corp. Others

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Market Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Military Simulation and Training Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Military Simulation and Training Historical Market (2018-2023)
   8.3   Global Military Simulation and Training Market Forecast (2024-2032)
   8.4   Global Military Simulation and Training Market by Component
       8.4.1   Solutions
           8.4.1.1   Historical Trend (2018-2023)
           8.4.1.2   Forecast Trend (2024-2032)
       8.4.2   Services
           8.4.2.1   Historical Trend (2018-2023)
           8.4.2.2   Forecast Trend (2024-2032)
   8.5   Global Military Simulation and Training Market by Training Type
       8.5.1   Live Training
           8.5.1.1   Historical Trend (2018-2023)
           8.5.1.2   Forecast Trend (2024-2032)
       8.5.2   Virtual Training
           8.5.2.1   Historical Trend (2018-2023)
           8.5.2.2   Forecast Trend (2024-2032)
       8.5.3   Constructive Training
           8.5.3.1   Historical Trend (2018-2023)
           8.5.3.2   Forecast Trend (2024-2032)
   8.6   Global Military Simulation and Training Market by Environment
       8.6.1   Synthetic Environment
           8.6.1.1   Historical Trend (2018-2023)
           8.6.1.2   Forecast Trend (2024-2032)
       8.6.2   Gaming Environment
           8.6.2.1   Historical Trend (2018-2023)
           8.6.2.2   Forecast Trend (2024-2032)
   8.7   Global Military Simulation and Training Market by Application
       8.7.1   Army
           8.7.1.1   Historical Trend (2018-2023)
           8.7.1.2   Forecast Trend (2024-2032)
       8.7.2   Naval
           8.7.2.1   Historical Trend (2018-2023)
           8.7.2.2   Forecast Trend (2024-2032)
       8.7.3   Aviation
           8.7.3.1   Historical Trend (2018-2023)
           8.7.3.2   Forecast Trend (2024-2032)
   8.8   Global Military Simulation and Training Market by Region
       8.8.1   North America
           8.8.1.1   Historical Trend (2018-2023)
           8.8.1.2   Forecast Trend (2024-2032)
       8.8.2   Europe
           8.8.2.1   Historical Trend (2018-2023)
           8.8.2.2   Forecast Trend (2024-2032)
       8.8.3   Asia Pacific
           8.8.3.1   Historical Trend (2018-2023)
           8.8.3.2   Forecast Trend (2024-2032)
       8.8.4   Latin America
           8.8.4.1   Historical Trend (2018-2023)
           8.8.4.2   Forecast Trend (2024-2032)
       8.8.5   Middle East and Africa
           8.8.5.1   Historical Trend (2018-2023)
           8.8.5.2   Forecast Trend (2024-2032)
9   North America Military Simulation and Training Market Analysis
   9.1   United States of America
       9.1.1   Historical Trend (2018-2023)
       9.1.2   Forecast Trend (2024-2032)
   9.2   Canada
       9.2.1   Historical Trend (2018-2023)
       9.2.2   Forecast Trend (2024-2032)
10   Europe Military Simulation and Training Market Analysis
   10.1   United Kingdom
       10.1.1   Historical Trend (2018-2023)
       10.1.2   Forecast Trend (2024-2032)
   10.2   Germany
       10.2.1   Historical Trend (2018-2023)
       10.2.2   Forecast Trend (2024-2032)
   10.3   France
       10.3.1   Historical Trend (2018-2023)
       10.3.2   Forecast Trend (2024-2032)
   10.4   Italy
       10.4.1   Historical Trend (2018-2023)
       10.4.2   Forecast Trend (2024-2032)
   10.5   Others
11   Asia Pacific Military Simulation and Training Market Analysis
   11.1   China
       11.1.1   Historical Trend (2018-2023)
       11.1.2   Forecast Trend (2024-2032)
   11.2   Japan
       11.2.1   Historical Trend (2018-2023)
       11.2.2   Forecast Trend (2024-2032)
   11.3   India
       11.3.1   Historical Trend (2018-2023)
       11.3.2   Forecast Trend (2024-2032)
   11.4   ASEAN
       11.4.1   Historical Trend (2018-2023)
       11.4.2   Forecast Trend (2024-2032)
   11.5   Australia
       11.5.1   Historical Trend (2018-2023)
       11.5.2   Forecast Trend (2024-2032)
   11.6   Others
12   Latin America Military Simulation and Training Market Analysis
   12.1   Brazil
       12.1.1   Historical Trend (2018-2023)
       12.1.2   Forecast Trend (2024-2032)
   12.2   Argentina
       12.2.1   Historical Trend (2018-2023)
       12.2.2   Forecast Trend (2024-2032)
   12.3   Mexico
       12.3.1   Historical Trend (2018-2023)
       12.3.2   Forecast Trend (2024-2032)
   12.4   Others
13   Middle East and Africa Military Simulation and Training Market Analysis
   13.1   Saudi Arabia
       13.1.1   Historical Trend (2018-2023)
       13.1.2   Forecast Trend (2024-2032)
   13.2   United Arab Emirates
       13.2.1   Historical Trend (2018-2023)
       13.2.2   Forecast Trend (2024-2032)
   13.3   Nigeria
       13.3.1   Historical Trend (2018-2023)
       13.3.2   Forecast Trend (2024-2032)
   13.4   South Africa
       13.4.1   Historical Trend (2018-2023)
       13.4.2   Forecast Trend (2024-2032)
   13.5   Others
14   Market Dynamics
   14.1   SWOT Analysis
       14.1.1   Strengths
       14.1.2   Weaknesses
       14.1.3   Opportunities
       14.1.4   Threats
   14.2   Porter’s Five Forces Analysis
       14.2.1   Supplier’s Power
       14.2.2   Buyer’s Power
       14.2.3   Threat of New Entrants
       14.2.4   Degree of Rivalry
       14.2.5   Threat of Substitutes
   14.3   Key Indicators for Demand
   14.4   Key Indicators for Price
15   Competitive Landscape
   15.1   Market Structure
   15.2   Company Profiles
       15.2.1   RTX Corp.
           15.2.1.1   Company Overview
           15.2.1.2   Product Portfolio
           15.2.1.3   Demographic Reach and Achievements
           15.2.1.4   Certifications
       15.2.2   Rheinmetall AG
           15.2.2.1   Company Overview
           15.2.2.2   Product Portfolio
           15.2.2.3   Demographic Reach and Achievements
           15.2.2.4   Certifications
       15.2.3   Thales SA
           15.2.3.1   Company Overview
           15.2.3.2   Product Portfolio
           15.2.3.3   Demographic Reach and Achievements
           15.2.3.4   Certifications
       15.2.4   BAE Systems plc
           15.2.4.1   Company Overview
           15.2.4.2   Product Portfolio
           15.2.4.3   Demographic Reach and Achievements
           15.2.4.4   Certifications
       15.2.5   Boeing Co.
           15.2.5.1   Company Overview
           15.2.5.2   Product Portfolio
           15.2.5.3   Demographic Reach and Achievements
           15.2.5.4   Certifications
       15.2.6   Elbit Systems Ltd.
           15.2.6.1   Company Overview
           15.2.6.2   Product Portfolio
           15.2.6.3   Demographic Reach and Achievements
           15.2.6.4   Certifications
       15.2.7   FlightSafety International Inc.
           15.2.7.1   Company Overview
           15.2.7.2   Product Portfolio
           15.2.7.3   Demographic Reach and Achievements
           15.2.7.4   Certifications
       15.2.8   Textron Systems Corporation
           15.2.8.1   Company Overview
           15.2.8.2   Product Portfolio
           15.2.8.3   Demographic Reach and Achievements
           15.2.8.4   Certifications
       15.2.9   Cubic Corp.
           15.2.9.1   Company Overview
           15.2.9.2   Product Portfolio
           15.2.9.3   Demographic Reach and Achievements
           15.2.9.4   Certifications
       15.2.10   Others
16   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Military Simulation and Training Market: Key Industry Highlights, 2018 and 2032
2.   Global Military Simulation and Training Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Military Simulation and Training Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Military Simulation and Training Historical Market: Breakup by Training Type (USD Billion), 2018-2023
5.   Global Military Simulation and Training Market Forecast: Breakup by Training Type (USD Billion), 2024-2032
6.   Global Military Simulation and Training Historical Market: Breakup by Environment (USD Billion), 2018-2023
7.   Global Military Simulation and Training Market Forecast: Breakup by Environment (USD Billion), 2024-2032
8.   Global Military Simulation and Training Historical Market: Breakup by Application (USD Billion), 2018-2023
9.   Global Military Simulation and Training Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.   Global Military Simulation and Training Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Military Simulation and Training Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Military Simulation and Training Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Military Simulation and Training Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Military Simulation and Training Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Military Simulation and Training Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Military Simulation and Training Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Military Simulation and Training Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Military Simulation and Training Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Military Simulation and Training Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Military Simulation and Training Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Military Simulation and Training Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Military Simulation and Training Market Structure

Key Questions Answered in the Report

What was the military simulation and training market value in 2023?

In 2023, the market reached an approximate value of USD 11.89 billion.

What is the growth rate of the military simulation and training market?

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

What is the forecast outlook of the military simulation and training market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 20.61 billion by 2032.

What are the major market drivers?

The major market drivers are the growing demand for safe military training practices, rising investments in the defence sector, and a surge in geopolitical conflicts.

What are the key trends of the market?

The key trends of the market include increased implementation of AI and machine learning into military simulation programmes, growing applications of AR and VR in military training, and favourable government initiatives that are aimed at achieving safe and smart military training.

What are the major regional markets for military simulation and training, according to the report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the different components of military simulation and training?

Different components are solutions and services.

Who are the key market players, according to the military simulation and training market report?

The key players in the market are RTX Corp., Rheinmetall AG, Thales SA, BAE Systems plc, Boeing Co., Elbit Systems Ltd., FlightSafety International Inc., Textron Systems Corporation, Cubic Corp., among others.

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