Global Military Simulation and Virtual Training Market 2024-2028

The military simulation and virtual training market is forecasted to grow by USD 6.04 bn during 2023-2028, accelerating at a CAGR of 5.8% during the forecast period. The report on the military simulation and virtual training market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the cost-effectiveness of virtual training, increasing investments in simulation activities, and rising collaborations among vendors.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.54%
CAGR	5.8%
Incremental Value	$6.04bn

Technavio's military simulation and virtual training market is segmented as below:

By Product

Flight simulators
Maritime simulators
Combat simulators

By Environment

Synthetic
Gaming

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the increased emphasis on portable simulators and head-worn VR systems as one of the prime reasons driving the military simulation and virtual training market growth during the next few years. Also, the rising use of AI in military simulation and virtual training and increased focus on virtual military boot camps will lead to sizable demand in the market.

The report on the military simulation and virtual training market covers the following areas:

Military simulation and virtual training market sizing
Military simulation and virtual training market forecast
Military simulation and virtual training market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military simulation and virtual training market vendors that include BAE Systems Plc, Bohemia Interactive Simulations ks, CAE Inc., Cubic Corp., Fidelity Technologies Corp., Groupe Gorge, HAVELSAN Inc., Inveris Training Solutions, Kratos Defense and Security Solutions Inc., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., Parker Hannifin Corp., Raytheon Technologies Corp., Rheinmetall AG, Saab AB, Teledyne Technologies Inc., Textron Inc., Thales Group, and The Boeing Co.. Also, the military simulation and virtual training market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43276

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Environment
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global military simulation and virtual training market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global military simulation and virtual training market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 Environment Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Environment Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Flight simulators - Market size and forecast 2023-2028
Exhibit 34: Chart on Flight simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Flight simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Flight simulators - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Flight simulators - Year-over-year growth 2023-2028 (%)
6.4 Maritime simulators - Market size and forecast 2023-2028
Exhibit 38: Chart on Maritime simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Maritime simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Maritime simulators - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Maritime simulators - Year-over-year growth 2023-2028 (%)
6.5 Combat simulators - Market size and forecast 2023-2028
Exhibit 42: Chart on Combat simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Combat simulators - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Combat simulators - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Combat simulators - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ billion)
Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Environment

7.1 Market segments
Exhibit 48: Chart on Environment - Market share 2023-2028 (%)
Exhibit 49: Data Table on Environment - Market share 2023-2028 (%)
7.2 Comparison by Environment
Exhibit 50: Chart on Comparison by Environment
Exhibit 51: Data Table on Comparison by Environment
7.3 Synthetic - Market size and forecast 2023-2028
Exhibit 52: Chart on Synthetic - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Synthetic - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Synthetic - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Synthetic - Year-over-year growth 2023-2028 (%)
7.4 Gaming - Market size and forecast 2023-2028
Exhibit 56: Chart on Gaming - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Gaming - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Gaming - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Gaming - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Environment
Exhibit 60: Market opportunity by Environment ($ billion)
Exhibit 61: Data Table on Market opportunity by Environment ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Russia - Market size and forecast 2023-2028
Exhibit 95: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 BAE Systems Plc
Exhibit 115: BAE Systems Plc - Overview
Exhibit 116: BAE Systems Plc - Business segments
Exhibit 117: BAE Systems Plc - Key offerings
Exhibit 118: BAE Systems Plc - Segment focus
12.4 Bohemia Interactive Simulations ks
Exhibit 119: Bohemia Interactive Simulations ks - Overview
Exhibit 120: Bohemia Interactive Simulations ks - Product / Service
Exhibit 121: Bohemia Interactive Simulations ks - Key offerings
12.5 CAE Inc.
Exhibit 122: CAE Inc. - Overview
Exhibit 123: CAE Inc. - Business segments
Exhibit 124: CAE Inc. - Key offerings
Exhibit 125: CAE Inc. - Segment focus
12.6 Cubic Corp.
Exhibit 126: Cubic Corp. - Overview
Exhibit 127: Cubic Corp. - Product / Service
Exhibit 128: Cubic Corp. - Key offerings
12.7 Fidelity Technologies Corp.
Exhibit 129: Fidelity Technologies Corp. - Overview
Exhibit 130: Fidelity Technologies Corp. - Business segments
Exhibit 131: Fidelity Technologies Corp. - Key offerings
Exhibit 132: Fidelity Technologies Corp. - Segment focus
12.8 Groupe Gorge
Exhibit 133: Groupe Gorge - Overview
Exhibit 134: Groupe Gorge - Product / Service
Exhibit 135: Groupe Gorge - Key offerings
12.9 HAVELSAN Inc.
Exhibit 136: HAVELSAN Inc. - Overview
Exhibit 137: HAVELSAN Inc. - Product / Service
Exhibit 138: HAVELSAN Inc. - Key offerings
12.10 Kratos Defense and Security Solutions Inc.
Exhibit 139: Kratos Defense and Security Solutions Inc. - Overview
Exhibit 140: Kratos Defense and Security Solutions Inc. - Business segments
Exhibit 141: Kratos Defense and Security Solutions Inc. - Key offerings
Exhibit 142: Kratos Defense and Security Solutions Inc. - Segment focus
12.11 L3Harris Technologies Inc.
Exhibit 143: L3Harris Technologies Inc. - Overview
Exhibit 144: L3Harris Technologies Inc. - Business segments
Exhibit 145: L3Harris Technologies Inc. - Key news
Exhibit 146: L3Harris Technologies Inc. - Key offerings
Exhibit 147: L3Harris Technologies Inc. - Segment focus
12.12 Lockheed Martin Corp.
Exhibit 148: Lockheed Martin Corp. - Overview
Exhibit 149: Lockheed Martin Corp. - Business segments
Exhibit 150: Lockheed Martin Corp. - Key news
Exhibit 151: Lockheed Martin Corp. - Key offerings
Exhibit 152: Lockheed Martin Corp. - Segment focus
12.13 Northrop Grumman Corp.
Exhibit 153: Northrop Grumman Corp. - Overview
Exhibit 154: Northrop Grumman Corp. - Business segments
Exhibit 155: Northrop Grumman Corp. - Key news
Exhibit 156: Northrop Grumman Corp. - Key offerings
Exhibit 157: Northrop Grumman Corp. - Segment focus
12.14 Parker Hannifin Corp.
Exhibit 158: Parker Hannifin Corp. - Overview
Exhibit 159: Parker Hannifin Corp. - Business segments
Exhibit 160: Parker Hannifin Corp. - Key news
Exhibit 161: Parker Hannifin Corp. - Key offerings
Exhibit 162: Parker Hannifin Corp. - Segment focus
12.15 Raytheon Technologies Corp.
Exhibit 163: Raytheon Technologies Corp. - Overview
Exhibit 164: Raytheon Technologies Corp. - Business segments
Exhibit 165: Raytheon Technologies Corp. - Key news
Exhibit 166: Raytheon Technologies Corp. - Key offerings
Exhibit 167: Raytheon Technologies Corp. - Segment focus
12.16 Saab AB
Exhibit 168: Saab AB - Overview
Exhibit 169: Saab AB - Business segments
Exhibit 170: Saab AB - Key news
Exhibit 171: Saab AB - Key offerings
Exhibit 172: Saab AB - Segment focus
12.17 Thales Group
Exhibit 173: Thales Group - Overview
Exhibit 174: Thales Group - Business segments
Exhibit 175: Thales Group - Key news
Exhibit 176: Thales Group - Key offerings
Exhibit 177: Thales Group - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations