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
The market consists of three simulation categories: flight, combat, and maritime. Flight simulators are expected to account for 59 % of the global military simulation market, followed by maritime simulators and combat simulators with shares of 21 % and 20 %, respectively
North America dominates the sector with a share of 36.4 %, followed by Europe and Asia Pacific with shares of 25.4 % and 25.2 %, respectively.
Synopsis
The Global Military Simulation and Virtual Training Market20162026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for military simulators, key market trends, and challenges faced by industry participants.
Related reports by Radiant Insights: http:// www. radiantinsights. com / catalog / defense In particular, it provides an in-depth analysis of the following:
Market size and drivers: detailed analysis during 20162026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.
Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of military Simulator segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.
Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.
Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026.
Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.
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