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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