Global Military Simulation and Training Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Military Simulation and Training Market value is expected to reach $20.20 billion growing at a CAGR of 7.5% during 2022-2028.

Military simulation training makes considerable use of contemporary simulation technology built on computers, virtual reality, artificial intelligence, and distributed simulation to imitate the performance of weapon systems, the environment of combat, and fighting itself. By using high-fidelity simulations of their adversary, combat mission, and combat procedure, the department and trainees can experience the environment as an actual installation and as a real fight. This can raise the level of their training. By building a realistic simulated training environment using current science and technology, simulated training can more correctly and objectively reflect the training level of the training unit and has more training pertinence.
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North America is projected to have the highest CAGR over the forecast period, owing to the rise in orders from the US and Canada to replace the old navy fleet with new ones and the growth in product exports. A growth in demand for military training programmes also arises from this. This is expected to boost demand for maintenance personnel training in the region during the course of the projected period.
Some of the key players profiled in the Military Simulation and Training Market include FlightSafety International, Thales Group, BAE Systems PLC, The Boeing Company, Rheinmetall AG, Raytheon Technologies Corporation, Lockheed Martin Corporation, CAE Inc., TRU Simulation + Training Inc., Frasca Flight Simulation, Northrop Grumman Corporation, SAAB AB, Textron Inc, Meggitt PLC, Israel Aerospace Industries Ltd.
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