Understand the influence of COVID-19 on the Military Virtual Training Market with our analysts monitoring the situation across the globe.
Traditional military virtual training is mainly flight simulators with training missions including how to fly in battle, how to recover in an emergency, how to coordinate air support with ground operations, etc. Nowadays the virtual reality technology is gradually used in the military virtual training. In virtual reality military training, a computer-generated environment simulates reality by means of interactive devices that send and receive information and are worn as goggles, headsets, gloves, or body suits. They are more cost savings.
Factors, such as complexity of simulator systems, lack of interoperability, concerns with simulation training, and difficulty for manufacturers to keep pace with the growing simulation industry may inhibit the growth of the military simulation and training market. The US military has been using virtual reality for training purposes since at least 2012 with proprietary hardware and software. Examples of simulations currently used include flight simulations, battlefield simulations, and medic training. These simulations help soldiers train for dangerous settings in a more cost effective manner than traditional approaches.
COTS game modifications become a cost effective alternative to normal training. With this digital training soldiers learn important lessons and do get more responsible, which might save lives in the future. There is a shift in the type of military simulation. Nowadays behavioral activities and interaction between humans and virtual characters is much more important than it used to be. Military simulators are further refined in the future. The use of virtual reality in simulation has just begun and it can expect much more of this in the military field.We forecast that the AGAR of virtual reality for Military will be 37% in the 2016E-2021F and the market size will be 944 million USD in 2021.
According to this study, over the next five years the Military Virtual Training market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 11300 million by 2024, from US$ 9930 million in 2019. In particular, this report presents the global revenue market share of key companies in Military Virtual Training business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Military Virtual Training market by product type, application, key companies and key regions.
This study considers the Military Virtual Training value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Traditional Military Virtual Training
Virtual Reality Based Military Training
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Medic Training (battlefield)
Virtual Boot Camp
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
L-3 Link Simulation and Training
Virtual Reality Media
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Military Virtual Training market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Military Virtual Training market by identifying its various subsegments.
Focuses on the key global Military Virtual Training players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Military Virtual Training with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Military Virtual Training submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.