Military Simulation and Training Market is projected to reach USD 12.2 billion by 2032 growing at a CAGR of 5.6% during the forecast period 2024-2032.
Military airborne simulation and training systems are established to create a realistic environment. This includes airborne intelligence, surveillance, and reconnaissance training systems. Companies are investing significantly in redesigning the aircraft flight environment to improve the situational awareness and readiness of aircraft pilots. To improve the overall situational awareness, the simulation environment is provided for the pilot. Aerodynamic model for aircraft and cockpit procedures trainer (CPT) are some devices used in the aircraft to improve situational awareness.
In 2018, the market was led by North America, with a 49.85% share, followed by Asia-Pacific, Europe, the Middle East & Africa, with shares of 29.89% and 20.26%, respectively.
Market Research Future segments the global military airborne simulation and training market based on training type, application, and region. Based on training type, the live training segment accounted for the largest market share of 45.69% in 2018 and is projected to register a CAGR of 7.68% during the forecast period. Based on application, the market has been segmented into jet flight, rotary flight, and UAV flight. The jet flight segment accounted for the largest market share of 48.36%, in 2018, and is expected to record a CAGR of 8.66% during the forecast period. Based on region, North America has the largest demand for airborne simulation and training. The military airborne simulation and training market is emerging in countries such as the US and Canada. The market in the US is estimated to grow at a high rate during the forecast period. The military airborne simulation and training market in the US is projected to grow at a high rate in over the coming years, owing to the increase in adoption of advanced military systems during combat operations.
The key players identified by MRFR in the global military airborne simulation and training market are Lockheed Martin Corporation (US), Airbus SAS (France), FlightSafety International Inc. (US), CAE Inc. (Canada), L3 Link Simulation and Training (US), ECA GROUP (France), Thales Group (France), FRASCA International Inc. (US), SIMCOM Aviation Training (US), and AXIS Flight Training Systems GmbH (Switzerland).
Research Methodology
The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Secondary Research
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights
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Military Airborne Simulation Training Market Highlights:
Frequently Asked Questions (FAQ) :
The market is estimated to gain a prolific income rise in the forecast period.
A 5.6% CAGR is estimated to foster the positive development of the market.
The augmented redesigning of the aircraft flight environment is estimated to guide the market in the coming period.
The companies like CAE Inc. (Canada), L3 Link Simulation and Training (U.S.), ECA GROUP (France) are predicted to spur the global market.
The North American region is estimated to lead the market in the future.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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