Military Simulation and Virtual Training Market is Projected to Grow at a CAGR of 2.90 % over the 2016-2026 : Radiant Insights , Inc
“ The Military Simulation and Virtual Training Market , valued at US $ 13.3 billion in 2016 , is projected to grow at a CAGR of 2.90 % over the 2016-2026 period , to US $ 17.7 billion by 2026 ”
Summary
The procurement of simulators is primarily dependent on the procurement of other military equipment such as aircraft , submarines , helicopters , armored vehicles , UAVs , and naval ships . With the market for these systems expected to witness robust expenditure over the forecast period , military simulators will be much in demand . Factors such as internal and external security threats , territorial disputes , and modernization initiatives undertaken by the various armed forces across the world are driving the demand for conventional and unconventional military hardware and software
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Key Findings
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