Virtual Training and Simulation Market Updates by 2031
Virtual training is a process of creating a simulated virtual environment to test the trainee and contribute to the learning process. Virtual training and simulation have a wide range of applications such as flight simulation, healthcare training, and gaming, among others. Increasing adoption of virtual training and simulation is the major factor driving the growth of virtual training and simulation market. The increase in spending on healthcare, defense, and education sector for the technologically advanced solution is creating an opportunity for the companies operating in the market to gain a stronger customer base and generate more revenues.
MARKET DYNAMICS
The growth of virtual training and simulation market is fueled by driving factors such as growing demand for simulation systems in aerospace and defense industry, increasing focus towards adopting advanced technologies for better training, whereas, the high cost of these solutions is the major factor that might hinder the growth of virtual training and simulation market.
MARKET SCOPE
The "Global Virtual Training and Simulation Market Analysis to 2031" is a specialized and in-depth study of the virtual training and simulation industry with a special focus on the global market trend analysis. The report aims to provide an overview of virtual training and simulation market with detailed market segmentation by offering, end-user, and geography. The global virtual training and simulation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading virtual training and simulation market players and offers key trends and opportunities in the virtual training and simulation market.
MARKET SEGMENTATION
The global virtual training and simulation market is segmented on the basis of offering and end-user. Based on offering, the market is segmented as solution sand service. On the basis of the end-user the market is segmented as defense, aerospace, entertainment, education, and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global virtual training and simulation 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 virtual training and simulation 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 virtual training and simulation 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the virtual training and simulation market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global virtual training and simulation 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 virtual training and simulation 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 virtual training and simulation 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 PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the virtual training and simulation market in these regions.
MARKET PLAYERSThe reports cover key developments in the virtual training and simulation market as 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 payers from virtual training and simulation market are anticipated to lucrative growth opportunities in the future with the rising demand for virtual training and simulation in the global market. Below mentioned is the list of few companies engaged in the virtual training and simulation market.
The report also includes the profiles of key virtual training and simulation 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.
- ANSYS, Inc.
- BAE Systems PLC
- CAE Inc.
- Cubic Corporation
- Kratos Defense & Security Solutions, Inc.
- L-3 Link Simulation & Training
- Laerdal Medical Corporation
- ON24, Inc.
- QinetiQ Group PLC
- The DiSTI Corporation
- 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
1.3.1Virtual Training And Simulation Market - By Offerings
1.3.2Virtual Training And Simulation Market - By End user
1.3.3Virtual Training And Simulation Market - By Region
1.3.3.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.VIRTUAL TRAINING AND SIMULATION MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.VIRTUAL TRAINING AND SIMULATION 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.VIRTUAL TRAINING AND SIMULATION MARKET - GLOBAL MARKET ANALYSIS
6.1.VIRTUAL TRAINING AND SIMULATION - GLOBAL MARKET OVERVIEW
6.2.VIRTUAL TRAINING AND SIMULATION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.VIRTUAL TRAINING AND SIMULATION MARKET - REVENUE AND FORECASTS TO 2028 - OFFERINGS
7.1.OVERVIEW
7.2.OFFERINGS MARKET FORECASTS AND ANALYSIS
7.3.SOLUTION
7.3.1.Overview
7.3.2.Solution Market Forecast and Analysis
7.4.SERVICE
7.4.1.Overview
7.4.2.Service Market Forecast and Analysis
8.VIRTUAL TRAINING AND SIMULATION MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1.OVERVIEW
8.2.END USER MARKET FORECASTS AND ANALYSIS
8.3.DEFENSE
8.3.1.Overview
8.3.2.Defense Market Forecast and Analysis
8.4.AEROSPACE
8.4.1.Overview
8.4.2.Aerospace Market Forecast and Analysis
8.5.ENTERTAINMENT
8.5.1.Overview
8.5.2.Entertainment Market Forecast and Analysis
8.6.EDUCATION
8.6.1.Overview
8.6.2.Education Market Forecast and Analysis
8.7.OTHERS
8.7.1.Overview
8.7.2.Others Market Forecast and Analysis
9.VIRTUAL TRAINING AND SIMULATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Virtual Training And Simulation Market Overview
9.1.2North America Virtual Training And Simulation Market Forecasts and Analysis
9.1.3North America Virtual Training And Simulation Market Forecasts and Analysis - By Offerings
9.1.4North America Virtual Training And Simulation Market Forecasts and Analysis - By End user
9.1.5North America Virtual Training And Simulation Market Forecasts and Analysis - By Countries
9.1.5.1United States Virtual Training And Simulation Market
9.1.5.1.1United States Virtual Training And Simulation Market by Offerings
9.1.5.1.2United States Virtual Training And Simulation Market by End user
9.1.5.2Canada Virtual Training And Simulation Market
9.1.5.2.1Canada Virtual Training And Simulation Market by Offerings
9.1.5.2.2Canada Virtual Training And Simulation Market by End user
9.1.5.3Mexico Virtual Training And Simulation Market
9.1.5.3.1Mexico Virtual Training And Simulation Market by Offerings
9.1.5.3.2Mexico Virtual Training And Simulation Market by End user
9.2.EUROPE
9.2.1Europe Virtual Training And Simulation Market Overview
9.2.2Europe Virtual Training And Simulation Market Forecasts and Analysis
9.2.3Europe Virtual Training And Simulation Market Forecasts and Analysis - By Offerings
9.2.4Europe Virtual Training And Simulation Market Forecasts and Analysis - By End user
9.2.5Europe Virtual Training And Simulation Market Forecasts and Analysis - By Countries
9.2.5.1Germany Virtual Training And Simulation Market
9.2.5.1.1Germany Virtual Training And Simulation Market by Offerings
9.2.5.1.2Germany Virtual Training And Simulation Market by End user
9.2.5.2France Virtual Training And Simulation Market
9.2.5.2.1France Virtual Training And Simulation Market by Offerings
9.2.5.2.2France Virtual Training And Simulation Market by End user
9.2.5.3Italy Virtual Training And Simulation Market
9.2.5.3.1Italy Virtual Training And Simulation Market by Offerings
9.2.5.3.2Italy Virtual Training And Simulation Market by End user
9.2.5.4United Kingdom Virtual Training And Simulation Market
9.2.5.4.1United Kingdom Virtual Training And Simulation Market by Offerings
9.2.5.4.2United Kingdom Virtual Training And Simulation Market by End user
9.2.5.5Russia Virtual Training And Simulation Market
9.2.5.5.1Russia Virtual Training And Simulation Market by Offerings
9.2.5.5.2Russia Virtual Training And Simulation Market by End user
9.2.5.6Rest of Europe Virtual Training And Simulation Market
9.2.5.6.1Rest of Europe Virtual Training And Simulation Market by Offerings
9.2.5.6.2Rest of Europe Virtual Training And Simulation Market by End user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Virtual Training And Simulation Market Overview
9.3.2Asia-Pacific Virtual Training And Simulation Market Forecasts and Analysis
9.3.3Asia-Pacific Virtual Training And Simulation Market Forecasts and Analysis - By Offerings
9.3.4Asia-Pacific Virtual Training And Simulation Market Forecasts and Analysis - By End user
9.3.5Asia-Pacific Virtual Training And Simulation Market Forecasts and Analysis - By Countries
9.3.5.1Australia Virtual Training And Simulation Market
9.3.5.1.1Australia Virtual Training And Simulation Market by Offerings
9.3.5.1.2Australia Virtual Training And Simulation Market by End user
9.3.5.2China Virtual Training And Simulation Market
9.3.5.2.1China Virtual Training And Simulation Market by Offerings
9.3.5.2.2China Virtual Training And Simulation Market by End user
9.3.5.3India Virtual Training And Simulation Market
9.3.5.3.1India Virtual Training And Simulation Market by Offerings
9.3.5.3.2India Virtual Training And Simulation Market by End user
9.3.5.4Japan Virtual Training And Simulation Market
9.3.5.4.1Japan Virtual Training And Simulation Market by Offerings
9.3.5.4.2Japan Virtual Training And Simulation Market by End user
9.3.5.5South Korea Virtual Training And Simulation Market
9.3.5.5.1South Korea Virtual Training And Simulation Market by Offerings
9.3.5.5.2South Korea Virtual Training And Simulation Market by End user
9.3.5.6Rest of Asia-Pacific Virtual Training And Simulation Market
9.3.5.6.1Rest of Asia-Pacific Virtual Training And Simulation Market by Offerings
9.3.5.6.2Rest of Asia-Pacific Virtual Training And Simulation Market by End user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Virtual Training And Simulation Market Overview
9.4.2Middle East and Africa Virtual Training And Simulation Market Forecasts and Analysis
9.4.3Middle East and Africa Virtual Training And Simulation Market Forecasts and Analysis - By Offerings
9.4.4Middle East and Africa Virtual Training And Simulation Market Forecasts and Analysis - By End user
9.4.5Middle East and Africa Virtual Training And Simulation Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Virtual Training And Simulation Market
9.4.5.1.1South Africa Virtual Training And Simulation Market by Offerings
9.4.5.1.2South Africa Virtual Training And Simulation Market by End user
9.4.5.2Saudi Arabia Virtual Training And Simulation Market
9.4.5.2.1Saudi Arabia Virtual Training And Simulation Market by Offerings
9.4.5.2.2Saudi Arabia Virtual Training And Simulation Market by End user
9.4.5.3U.A.E Virtual Training And Simulation Market
9.4.5.3.1U.A.E Virtual Training And Simulation Market by Offerings
9.4.5.3.2U.A.E Virtual Training And Simulation Market by End user
9.4.5.4Rest of Middle East and Africa Virtual Training And Simulation Market
9.4.5.4.1Rest of Middle East and Africa Virtual Training And Simulation Market by Offerings
9.4.5.4.2Rest of Middle East and Africa Virtual Training And Simulation Market by End user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Virtual Training And Simulation Market Overview
9.5.2South and Central America Virtual Training And Simulation Market Forecasts and Analysis
9.5.3South and Central America Virtual Training And Simulation Market Forecasts and Analysis - By Offerings
9.5.4South and Central America Virtual Training And Simulation Market Forecasts and Analysis - By End user
9.5.5South and Central America Virtual Training And Simulation Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Virtual Training And Simulation Market
9.5.5.1.1Brazil Virtual Training And Simulation Market by Offerings
9.5.5.1.2Brazil Virtual Training And Simulation Market by End user
9.5.5.2Argentina Virtual Training And Simulation Market
9.5.5.2.1Argentina Virtual Training And Simulation Market by Offerings
9.5.5.2.2Argentina Virtual Training And Simulation Market by End user
9.5.5.3Rest of South and Central America Virtual Training And Simulation Market
9.5.5.3.1Rest of South and Central America Virtual Training And Simulation Market by Offerings
9.5.5.3.2Rest of South and Central America Virtual Training And Simulation Market by End user
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.VIRTUAL TRAINING AND SIMULATION MARKET, KEY COMPANY PROFILES
11.1.ANSYS INC.
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.BAE SYSTEMS PLC
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.CUBIC CORPORATION
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.KRATOS DEFENSE AND SECURITY SOLUTIONS INC.
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.L3 LINK SIMULATION AND TRAINING
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.LAERDAL MEDICAL 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.ON24 INC.
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.QINETIQ GROUP PLC
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.THE DISTI CORPORATION
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. ANSYS Inc.
2. BAE Systems PLC
3. CAE Inc.
4. Cubic Corporation
5. Kratos Defense and Security Solutions Inc.
6. L3 Link Simulation and Training
7. Laerdal Medical Corporation
8. ON24 Inc.
9. QinetiQ Group PLC
10. The DiSTI Corporation
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.
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