Global Military Simulation and Virtual Training Market Information Report by Application (Flight Simulation, Vehicle Simulation, Battlefield Simulation, Virtual Boot Camp) by platform (Airborne, Ground Based and Naval), and by Regions (Americas, APAC, and EMEA) - Global Forecast To 2023
Pune, India -- (SBWIRE) -- 07/19/2017 -- Market Research Future published a cooked research report on Simulation and Virtual Training market. The global market for Simulation and Virtual Training is expected to grow at a CAGR of about 8.5% between 2016 and 2023.
Significant technological development in the global military and simulation and virtual training market has resulted in lowering the operational and capital cost, as a result of which the market has been poised for growth and development during the forecast period. The Simulation and Virtual Training market is expected to grow at a CAGR of 8.5%.
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Key Players of Simulation and Virtual Training Market:
- Bohemia Interactive Simulations
- General Dynamics Information Technology
- Northrop Grumman
- Kratos Defense
- Meggitt Training Systems
- The Boeing Company
- Combat Training Solutions Inc.
- Israel Aerospace Industries
- Rheinmetall Defence
- Bae Systems
Simulation and Virtual Training Market:
North America is expected to dominate the global simulation and training market mainly due to the existence of established market players in this region. Additionally investment in research and development in the North American region have resulted in aggressive technological development and its adoption, contributing to rapid growth in this region. Asia-Pacific and Europe are expected to be the emerging nations in the military simulation and training market. Additionally orders for existing equipment upgrades and orders for new ones are expected to propel the demand in the global military simulation and virtual training market.
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter's five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor's
4.1.4 Threat of New Entrants
5 Military Simulation and Training Market, By Platform
5.1.2 Ground Based
Market Research Analysis:
Increasing average defense budget across the globe combined with rapidly increasing awareness regarding simulation and training methods is also expected to contribute towards the growth of the market. Lack of incentives and requirement of high fidelity along with challenges regarding meeting customer needs may act as a restraint for the market.
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