Military Virtual Training Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Military virtual training are progressively getting adopted by the armed forces of many countries across the globe. They help reduce training costs as they are based on Commercial-off-the-Shelf (COTS) components. The increasing investments in virtual software are anticipated to be one of the important factors driving the market growth. Also, defense ministries of different countries are reorganizing and modifying their militaries with innovative solutions, which, in turn, is driving the market.
MARKET DYNAMICS
The rising need for trained workforce in the military coupled with rising demand for conventional and unconventional military equipment and software is anticipated to drive the military virtual training market. Military virtual training help reduce the wear and tear of equipment, enables cost savings, and provides the ability to meet varied requirements, which is resulting in the overall market growth. Moreover, the defense ministries of many countries are reducing their training budgets and are downscaling the militaries. This has increased the focus of the military in attaining cheaper and effective solutions for their requirement. These factors are expected to further drive the market over the forecast period.
MARKET SCOPE
The "Global Military Virtual Training Market Analysis to 2031" is a specialized and in-depth study of the military virtual training market with a special focus on the global market trend analysis. The report aims to provide an overview of military virtual training market with detailed market segmentation by type, application. The global military virtual training market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military virtual training market player and offers key trends and opportunities in the military virtual training market.
MARKET SEGMENTATION
The global military virtual training market is segmented on the basis of type, application. On the basis of type, market is segmented as traditional military virtual training, virtual reality based military training. On the basis of application, market is segmented as flight simulation, battlefield simulation, medic training (battlefield), vehicle simulation, virtual boot camp.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military virtual training market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military virtual training market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting military virtual training market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors effecting the military virtual training market in these regions.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military virtual training market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military virtual training market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting military virtual training market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors effecting the military virtual training market in these regions.
MARKET PLAYERS
The reports cover key developments in the military virtual training market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from military virtual training market are anticipated to lucrative growth opportunities in the future with the rising demand for military virtual training market. Below mentioned is the list of few companies engaged in the military virtual training market.
The report also includes the profiles of key military virtual training market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- L-3 Link Simulation and Training
- Boeing
- CAE Inc
- FlightSafety International
- Thales Group
- Lockheed Martin
- Cubic Corporation
- Rheinmetall Defence
- Raytheon Company
- Rockwell Collins
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Military Virtual Training Market - By Type
1.3.2Military Virtual Training Market - By Application
1.3.3Military Virtual Training Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.MILITARY VIRTUAL TRAINING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.MILITARY VIRTUAL TRAINING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.MILITARY VIRTUAL TRAINING MARKET - GLOBAL MARKET ANALYSIS
6.1.MILITARY VIRTUAL TRAINING - GLOBAL MARKET OVERVIEW
6.2.MILITARY VIRTUAL TRAINING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.MILITARY VIRTUAL TRAINING MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.TRADITIONAL MILITARY VIRTUAL TRAINING
7.3.1.Overview
7.3.2.Traditional Military Virtual Training Market Forecast and Analysis
7.4.VIRTUAL REALITY BASED MILITARY TRAINING
7.4.1.Overview
7.4.2.Virtual Reality Based Military Training Market Forecast and Analysis
8.MILITARY VIRTUAL TRAINING MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.FLIGHT SIMULATION
8.3.1.Overview
8.3.2.Flight Simulation Market Forecast and Analysis
8.4.BATTLEFIELD SIMULATION
8.4.1.Overview
8.4.2.Battlefield Simulation Market Forecast and Analysis
8.5.MEDIC TRAINING (BATTLEFIELD)
8.5.1.Overview
8.5.2.Medic Training (battlefield) Market Forecast and Analysis
8.6.VEHICLE SIMULATION
8.6.1.Overview
8.6.2.Vehicle Simulation Market Forecast and Analysis
8.7.VIRTUAL BOOT CAMP
8.7.1.Overview
8.7.2.Virtual Boot Camp Market Forecast and Analysis
9.MILITARY VIRTUAL TRAINING MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Military Virtual Training Market Overview
9.1.2North America Military Virtual Training Market Forecasts and Analysis
9.1.3North America Military Virtual Training Market Forecasts and Analysis - By Type
9.1.4North America Military Virtual Training Market Forecasts and Analysis - By Application
9.1.5North America Military Virtual Training Market Forecasts and Analysis - By Countries
9.1.5.1United States Military Virtual Training Market
9.1.5.1.1United States Military Virtual Training Market by Type
9.1.5.1.2United States Military Virtual Training Market by Application
9.1.5.2Canada Military Virtual Training Market
9.1.5.2.1Canada Military Virtual Training Market by Type
9.1.5.2.2Canada Military Virtual Training Market by Application
9.1.5.3Mexico Military Virtual Training Market
9.1.5.3.1Mexico Military Virtual Training Market by Type
9.1.5.3.2Mexico Military Virtual Training Market by Application
9.2.EUROPE
9.2.1Europe Military Virtual Training Market Overview
9.2.2Europe Military Virtual Training Market Forecasts and Analysis
9.2.3Europe Military Virtual Training Market Forecasts and Analysis - By Type
9.2.4Europe Military Virtual Training Market Forecasts and Analysis - By Application
9.2.5Europe Military Virtual Training Market Forecasts and Analysis - By Countries
9.2.5.1Germany Military Virtual Training Market
9.2.5.1.1Germany Military Virtual Training Market by Type
9.2.5.1.2Germany Military Virtual Training Market by Application
9.2.5.2France Military Virtual Training Market
9.2.5.2.1France Military Virtual Training Market by Type
9.2.5.2.2France Military Virtual Training Market by Application
9.2.5.3Italy Military Virtual Training Market
9.2.5.3.1Italy Military Virtual Training Market by Type
9.2.5.3.2Italy Military Virtual Training Market by Application
9.2.5.4United Kingdom Military Virtual Training Market
9.2.5.4.1United Kingdom Military Virtual Training Market by Type
9.2.5.4.2United Kingdom Military Virtual Training Market by Application
9.2.5.5Russia Military Virtual Training Market
9.2.5.5.1Russia Military Virtual Training Market by Type
9.2.5.5.2Russia Military Virtual Training Market by Application
9.2.5.6Rest of Europe Military Virtual Training Market
9.2.5.6.1Rest of Europe Military Virtual Training Market by Type
9.2.5.6.2Rest of Europe Military Virtual Training Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Military Virtual Training Market Overview
9.3.2Asia-Pacific Military Virtual Training Market Forecasts and Analysis
9.3.3Asia-Pacific Military Virtual Training Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Military Virtual Training Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Military Virtual Training Market Forecasts and Analysis - By Countries
9.3.5.1Australia Military Virtual Training Market
9.3.5.1.1Australia Military Virtual Training Market by Type
9.3.5.1.2Australia Military Virtual Training Market by Application
9.3.5.2China Military Virtual Training Market
9.3.5.2.1China Military Virtual Training Market by Type
9.3.5.2.2China Military Virtual Training Market by Application
9.3.5.3India Military Virtual Training Market
9.3.5.3.1India Military Virtual Training Market by Type
9.3.5.3.2India Military Virtual Training Market by Application
9.3.5.4Japan Military Virtual Training Market
9.3.5.4.1Japan Military Virtual Training Market by Type
9.3.5.4.2Japan Military Virtual Training Market by Application
9.3.5.5South Korea Military Virtual Training Market
9.3.5.5.1South Korea Military Virtual Training Market by Type
9.3.5.5.2South Korea Military Virtual Training Market by Application
9.3.5.6Rest of Asia-Pacific Military Virtual Training Market
9.3.5.6.1Rest of Asia-Pacific Military Virtual Training Market by Type
9.3.5.6.2Rest of Asia-Pacific Military Virtual Training Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Military Virtual Training Market Overview
9.4.2Middle East and Africa Military Virtual Training Market Forecasts and Analysis
9.4.3Middle East and Africa Military Virtual Training Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Military Virtual Training Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Military Virtual Training Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Military Virtual Training Market
9.4.5.1.1South Africa Military Virtual Training Market by Type
9.4.5.1.2South Africa Military Virtual Training Market by Application
9.4.5.2Saudi Arabia Military Virtual Training Market
9.4.5.2.1Saudi Arabia Military Virtual Training Market by Type
9.4.5.2.2Saudi Arabia Military Virtual Training Market by Application
9.4.5.3U.A.E Military Virtual Training Market
9.4.5.3.1U.A.E Military Virtual Training Market by Type
9.4.5.3.2U.A.E Military Virtual Training Market by Application
9.4.5.4Rest of Middle East and Africa Military Virtual Training Market
9.4.5.4.1Rest of Middle East and Africa Military Virtual Training Market by Type
9.4.5.4.2Rest of Middle East and Africa Military Virtual Training Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Military Virtual Training Market Overview
9.5.2South and Central America Military Virtual Training Market Forecasts and Analysis
9.5.3South and Central America Military Virtual Training Market Forecasts and Analysis - By Type
9.5.4South and Central America Military Virtual Training Market Forecasts and Analysis - By Application
9.5.5South and Central America Military Virtual Training Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Military Virtual Training Market
9.5.5.1.1Brazil Military Virtual Training Market by Type
9.5.5.1.2Brazil Military Virtual Training Market by Application
9.5.5.2Argentina Military Virtual Training Market
9.5.5.2.1Argentina Military Virtual Training Market by Type
9.5.5.2.2Argentina Military Virtual Training Market by Application
9.5.5.3Rest of South and Central America Military Virtual Training Market
9.5.5.3.1Rest of South and Central America Military Virtual Training Market by Type
9.5.5.3.2Rest of South and Central America Military Virtual Training Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.MILITARY VIRTUAL TRAINING MARKET, KEY COMPANY PROFILES
11.1.L-3 LINK SIMULATION AND TRAINING
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BOEING
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CAE INC
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.FLIGHTSAFETY INTERNATIONAL
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.THALES GROUP
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.LOCKHEED MARTIN
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.CUBIC CORPORATION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.RHEINMETALL DEFENCE
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.RAYTHEON COMPANY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ROCKWELL COLLINS
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. L-3 Link Simulation and Training
2. Boeing
3. CAE Inc
4. FlightSafety International
5. Thales Group
6. Lockheed Martin
7. Cubic Corporation
8. Rheinmetall Defence
9. Raytheon Company
10. Rockwell Collins
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For