The global virtual training market is expected to grow from USD 1.5 billion in 2017 to USD 2.8 billion by 2030, at a CAGR of 10.2% during the forecast period. The growth of this market can be attributed to the increasing demand for virtual training solutions in various industries such as military, civil aviation, medical, and entertainment sectors. The military sector is expected to dominate the global virtual training market during the forecast period due to its high adoption rate of VR technology for combat simulation and training purposes.
The software segment is expected to lead the global virtual training market during the forecast period due to its high adoption rate across various industries such as military, civil aviation, medical and entertainment sectors. The software segment is also projected to grow at a higher CAGR than other segments owing to its low cost and easy installation process which makes it more accessible for end users across various industries.
- Virtual training is a cost-effective way to train employees.
- Virtual training can be used for any type of job, not just technical jobs.
- Virtual training is a great way to train employees who are in remote locations or who have limited time due to other commitments such as family or work obligations.
- The use of virtual training has increased because it is more convenient and accessible than traditional methods of learning, such as classroom instruction and on-the-job experience, which require the employee to be present at the location where the instruction takes place at a specific time and date with no flexibility in scheduling or attendance requirements.
- The use of virtual training has increased because it provides an opportunity for learners to learn from anywhere they have access to an internet connection.
Industry Growth Insights published a new data on “Virtual Training Market”. The research report is titled “Virtual Training Market research by Types (Hardware, Software, Virtual Trainin), By Applications (Military, Civil Aviation, Medical, Entertainment, Other), By Players/Companies L-3 Link Simulation & Training, CAE, Boeing, Thales, FlightSafety, Airbus, Lockheed Martin, BAE Systems, Raytheon, Cubic, Rheinmetall Defence, ANSYS, Saab, Elbit Systems, Rockwell Collins, Virtual Trainin”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual Training Market Research Report
By Type
Hardware, Software, Virtual Trainin
By Application
Military, Civil Aviation, Medical, Entertainment, Other
By Companies
L-3 Link Simulation & Training, CAE, Boeing, Thales, FlightSafety, Airbus, Lockheed Martin, BAE Systems, Raytheon, Cubic, Rheinmetall Defence, ANSYS, Saab, Elbit Systems, Rockwell Collins, 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Virtual Training Market Report Segments:
The global Virtual Training market is segmented on the basis of:
Types
Hardware, Software, 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
Military, Civil Aviation, Medical, Entertainment, Other
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 & Training
- CAE
- Boeing
- Thales
- FlightSafety
- Airbus
- Lockheed Martin
- BAE Systems
- Raytheon
- Cubic
- Rheinmetall Defence
- ANSYS
- Saab
- Elbit Systems
- Rockwell Collins
- Virtual Trainin
Highlights of The 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:
- Hardware
- Software
- Virtual Trainin
- By Application:
- Military
- Civil Aviation
- Medical
- Entertainment
- Other
- 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 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.
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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?
Virtual training is a type of online learning that allows learners to access and participate in educational content from anywhere in the world. This type of learning can be used for a variety of purposes, such as improving job skills or preparing for exams.
Some of the major players in the virtual training market are L-3 Link Simulation & Training, CAE, Boeing, Thales, FlightSafety, Airbus, Lockheed Martin, BAE Systems, Raytheon, Cubic, Rheinmetall Defence, ANSYS, Saab, Elbit Systems, Rockwell Collins, Virtual Trainin.
The virtual training market is expected to grow at a compound annual growth rate of 10.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 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. 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. Virtual Training Market - Supply Chain
4.5. Global Virtual Training Market Forecast
4.5.1. Virtual Training Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Virtual Training Market Size (000 Units) and Y-o-Y Growth
4.5.3. Virtual Training Market Absolute $ Opportunity
5. Global 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. Virtual Training Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.3.3. Virtual Trainin
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Virtual Training Market Size and Volume Forecast by Application
6.3.1. Military
6.3.2. Civil Aviation
6.3.3. Medical
6.3.4. Entertainment
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Virtual Training Demand Share Forecast, 2019-2026
9. North America 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 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 Virtual Training Market Size and Volume Forecast by Application
9.4.1. Military
9.4.2. Civil Aviation
9.4.3. Medical
9.4.4. Entertainment
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Virtual Training Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.7.3. 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 Virtual Training Demand Share Forecast, 2019-2026
10. Latin America 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 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 Virtual Training Market Size and Volume Forecast by Application
10.4.1. Military
10.4.2. Civil Aviation
10.4.3. Medical
10.4.4. Entertainment
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Virtual Training Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.7.3. 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 Virtual Training Demand Share Forecast, 2019-2026
11. Europe 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 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 Virtual Training Market Size and Volume Forecast by Application
11.4.1. Military
11.4.2. Civil Aviation
11.4.3. Medical
11.4.4. Entertainment
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Virtual Training Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.7.3. 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 Virtual Training Demand Share, 2019-2026
12. Asia Pacific 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 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 Virtual Training Market Size and Volume Forecast by Application
12.4.1. Military
12.4.2. Civil Aviation
12.4.3. Medical
12.4.4. Entertainment
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Virtual Training Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.7.3. 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 Virtual Training Demand Share, 2019-2026
13. Middle East & Africa 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 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 Virtual Training Market Size and Volume Forecast by Application
13.4.1. Military
13.4.2. Civil Aviation
13.4.3. Medical
13.4.4. Entertainment
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Virtual Training Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.7.3. 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 Virtual Training Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Virtual Training Market: Market Share Analysis
14.2. Virtual Training Distributors and Customers
14.3. Virtual Training Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. L-3 Link Simulation & 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. CAE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Boeing
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Thales
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. FlightSafety
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Airbus
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lockheed Martin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BAE Systems
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. Cubic
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Rheinmetall Defence
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ANSYS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Saab
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Elbit Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rockwell Collins
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Virtual Trainin
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
