Military Simulation and Training Industry Outlook and Forecast to 2021

1. The Military Simulation and Training Market is projected to grow from $10.31 Billion in 2016 to $12.67 Billion by 2021, at a CAGR of 4.20% during the forecast period. Factors, such as increasing political disputes and civil unrest, adoption of virtual training to ensure safety and cost-benefits, and decline in military budgets of developed countries are driving the growth of the market. Factors, instances of political and civil unrest, declining budgets of economies, and overarching need to rationalize training expenditure are expected to drive the military simulation and training market. such as rising defense developed Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=661 Based on application, the military simulation and training market has been segmented into - airborne (jet flight, rotary flight and UAV flight), naval (ship bridge, submarine and others), and ground (battlefield, combat, ground vehicle and others). The ground application segment is projected to grow at the highest CAGR during the forecast period, primarily driven by the rising investment for military ground equipment from emerging economies. Based on training type, the military simulation and training market has been segmented into live, constructive, virtual, and gaming solution. The live training segment dominates the studied market and is expected to continue its dominance during the next five years, as live training provides realistic simulations that involve real people operating real systems. Regional Market Analysis The APAC region is expected to grow at the highest rate during the forecast period. Countries in the region, such as India and China have increased their military budgets and are increasingly procuring military equipment. As a result, there is a need to provide training to military personnel, which is expected to drive the market. Key Market Players Key players in the military simulation and training market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), CAE, Inc. (U.S.), Thales Group (France), and L-3 Communications Holdings, Inc. (U.S.), Raytheon Company

2. (U.S.), Rockwell Collins Inc. (U.S.), Cubic Corporation (U.S.), and Rheinmetall AG (Germany), among others. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=661 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441