Global Military Simulation and Training Market Report and Forecast 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