Market Overview:
The global military virtual training market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for advanced and innovative training methods across the globe. Additionally, the growing need for efficient and cost-effective training solutions is also propelling the growth of this market. Based on type, the global military virtual training market can be segmented into traditional military virtual training and virtual reality based military training. Traditional military virtualtraining dominates the overall market in terms of revenue share owing to its widespread adoption by militaries across different regions. Flight simulation accounts for a major share in terms of revenue generated due to its increasing demand from commercial airlines as well as militaries across different countries for pilot or crew trainings purposes .
Product Definition:
Military Virtual Training is a type of training that uses simulated or virtual environments to train military personnel. This type of training can be used to prepare troops for real-world missions, or to train them in new skills. Military Virtual Training can also be used to improve team coordination and decision making.
Traditional Military Virtual Training:
Traditional Military Virtual Training (TMVt) is a simulation technology that provides an immersive experience of real world scenarios in a virtual environment. TMVt uses the latest technologies such as motion sensors, video cameras and 3D graphics to create the realistic scenario's which gives military personal and leaders more effective decision making capabilities when it comes to planning, training and operations.
Virtual Reality Based Military Training:
Virtual reality based military training is a simulation technology that creates an experience similar to real world conditions for the trainees. The technology offers benefits such as increased situational awareness, improved learning retention and application in virtual field training which improves the overall efficiency of military personnel.
Application Insights:
The flight simulation segment dominated the global military virtual training market in terms of revenue share in 2017. This is attributed to the high usage of flight simulators for training purposes by various armed forces across the globe. Furthermore, demand for advanced military aircraft has increased significantly over the past few years owing to technological advancements and this has boosted product sales even more. For instance, according to FlightGlobal, an aviation publication based out of Europe, U.K., there are currently around 250 active civil and commercial pilots who have graduated from fly-on-the-computer systems alone during a recent year period (2016).
The battlefield simulation segment is expected to witness significant growth over the forecast period due to increasing adoption by several defense agencies worldwide as a cost effective alternative compared with actual deployment on battlefields or remote locations where MTT is conducted. Moreover, many governments are realizing that MTT provides realistic scenarios that train soldiers efficiently while reducing costs incurred on logistics & travel which further boosts industry growth globally.
Regional Analysis:
North America dominated the global military virtual training market in 2016 with a revenue share of over 35%. The growth can be attributed to the increasing demand for technologically advanced and innovative solutions for training. Moreover, presence of key players such as CAE Inc., General Dynamics Mission Systems, Inc., and Lockheed Martin Corporation has contributed to regional growth. Furthermore, rising terrorist threats along with increased defense budget in this region is expected to drive demand further.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments by governments in developing countries such as India and China along with other South East Asian countries coupled with growing awareness among soldiers regarding benefits of military virtual training programs.
Growth Factors:
- Increasing demand for advanced and realistic training simulations to improve operational efficiency
- Proliferation of new technologies and platforms that can be used for virtual training purposes
- Growing number of military exercises and war games being conducted across the world
- Rising budgetary allocations towards military training & simulation activities
- Emergence of next-generation virtual reality technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Virtual Training Market Research Report
By Type
Traditional Military Virtual Training, Virtual Reality Based Military Training, Military Virtual Trainin
By Application
Flight Simulation, Battlefield Simulation, Medic Training (battlefield), Vehicle Simulation, Virtual Boot Camp
By Companies
L-3 Link Simulation and Training, Boeing, CAE Inc, FlightSafety International, Thales, Lockheed Martin, Cubic Corporation, Rheinmetall Defence, Raytheon, Rockwell Collins, Elbit Systems, Virtual Reality Media, Military Virtual Trainin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Military Virtual Training Market Report Segments:
The global Military Virtual Training market is segmented on the basis of:
Types
Traditional Military Virtual Training, Virtual Reality Based Military Training, Military Virtual Trainin
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flight Simulation, Battlefield Simulation, Medic Training (battlefield), Vehicle Simulation, Virtual Boot Camp
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L-3 Link Simulation and Training
- Boeing
- CAE Inc
- FlightSafety International
- Thales
- Lockheed Martin
- Cubic Corporation
- Rheinmetall Defence
- Raytheon
- Rockwell Collins
- Elbit Systems
- Virtual Reality Media
- Military Virtual Trainin
Highlights of The Military Virtual Training Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Traditional Military Virtual Training
- Virtual Reality Based Military Training
- Military Virtual Trainin
- By Application:
- Flight Simulation
- Battlefield Simulation
- Medic Training (battlefield)
- Vehicle Simulation
- Virtual Boot Camp
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Virtual Training Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Military Virtual Training (MVT) is a simulation-based training program that allows military personnel to train in a safe and controlled environment. MVT can be used for training in areas such as air traffic control, firefighting, first responder operations, and more.
Some of the major companies in the military virtual training market are L-3 Link Simulation and Training, Boeing, CAE Inc, FlightSafety International, Thales, Lockheed Martin, Cubic Corporation, Rheinmetall Defence, Raytheon, Rockwell Collins, Elbit Systems, Virtual Reality Media, Military Virtual Trainin.
The military virtual training market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Virtual Training Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Virtual Training Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Virtual Training Market - Supply Chain
4.5. Global Military Virtual Training Market Forecast
4.5.1. Military Virtual Training Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Virtual Training Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Virtual Training Market Absolute $ Opportunity
5. Global Military Virtual Training Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Virtual Training Market Size and Volume Forecast by Type
5.3.1. Traditional Military Virtual Training
5.3.2. Virtual Reality Based Military Training
5.3.3. Military Virtual Trainin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Virtual Training Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Virtual Training Market Size and Volume Forecast by Application
6.3.1. Flight Simulation
6.3.2. Battlefield Simulation
6.3.3. Medic Training (battlefield)
6.3.4. Vehicle Simulation
6.3.5. Virtual Boot Camp
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Virtual Training Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Virtual Training Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Virtual Training Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Virtual Training Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Virtual Training Demand Share Forecast, 2019-2026
9. North America Military Virtual Training Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Virtual Training Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Virtual Training Market Size and Volume Forecast by Application
9.4.1. Flight Simulation
9.4.2. Battlefield Simulation
9.4.3. Medic Training (battlefield)
9.4.4. Vehicle Simulation
9.4.5. Virtual Boot Camp
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Virtual Training Market Size and Volume Forecast by Type
9.7.1. Traditional Military Virtual Training
9.7.2. Virtual Reality Based Military Training
9.7.3. Military Virtual Trainin
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Virtual Training Demand Share Forecast, 2019-2026
10. Latin America Military Virtual Training Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Virtual Training Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Virtual Training Market Size and Volume Forecast by Application
10.4.1. Flight Simulation
10.4.2. Battlefield Simulation
10.4.3. Medic Training (battlefield)
10.4.4. Vehicle Simulation
10.4.5. Virtual Boot Camp
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Virtual Training Market Size and Volume Forecast by Type
10.7.1. Traditional Military Virtual Training
10.7.2. Virtual Reality Based Military Training
10.7.3. Military Virtual Trainin
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Virtual Training Demand Share Forecast, 2019-2026
11. Europe Military Virtual Training Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Virtual Training Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Virtual Training Market Size and Volume Forecast by Application
11.4.1. Flight Simulation
11.4.2. Battlefield Simulation
11.4.3. Medic Training (battlefield)
11.4.4. Vehicle Simulation
11.4.5. Virtual Boot Camp
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Virtual Training Market Size and Volume Forecast by Type
11.7.1. Traditional Military Virtual Training
11.7.2. Virtual Reality Based Military Training
11.7.3. Military Virtual Trainin
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Virtual Training Demand Share, 2019-2026
12. Asia Pacific Military Virtual Training Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Virtual Training Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Virtual Training Market Size and Volume Forecast by Application
12.4.1. Flight Simulation
12.4.2. Battlefield Simulation
12.4.3. Medic Training (battlefield)
12.4.4. Vehicle Simulation
12.4.5. Virtual Boot Camp
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Virtual Training Market Size and Volume Forecast by Type
12.7.1. Traditional Military Virtual Training
12.7.2. Virtual Reality Based Military Training
12.7.3. Military Virtual Trainin
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Virtual Training Demand Share, 2019-2026
13. Middle East & Africa Military Virtual Training Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Virtual Training Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Virtual Training Market Size and Volume Forecast by Application
13.4.1. Flight Simulation
13.4.2. Battlefield Simulation
13.4.3. Medic Training (battlefield)
13.4.4. Vehicle Simulation
13.4.5. Virtual Boot Camp
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Virtual Training Market Size and Volume Forecast by Type
13.7.1. Traditional Military Virtual Training
13.7.2. Virtual Reality Based Military Training
13.7.3. Military Virtual Trainin
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Virtual Training Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Virtual Training Market: Market Share Analysis
14.2. Military Virtual Training Distributors and Customers
14.3. Military Virtual Training Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. L-3 Link Simulation and Training
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boeing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CAE Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. FlightSafety International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Thales
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lockheed Martin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cubic Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rheinmetall Defence
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Raytheon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rockwell Collins
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Elbit Systems
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Virtual Reality Media
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Military Virtual Trainin
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook