Skip to main content

Military Simulation and Training Market: COVID-19 Growth and Change : CAE Inc., Elbit Systems PLC, General Dynamics Corp., Cubic Inc.

By: SBWire

Global Military Simulation and Training Market Size study, by Training Type (Live, Virtual, Constructive, Gaming Simulation), by Application (Airborne, Naval, Ground) and Regional Forecasts 2020-2027

London, UK -- (SBWIRE) -- 08/06/2021 -- Global Military Simulation and Training Market is valued at approximately USD 11.67 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.57 % over the forecast period 2020-2027. Military simulation and training are important technology used for the provision of machine use and maintenance training services and for the techniques of military warfare. A time-efficient and cost-saving approach, specifically used by the defense industry, is military simulation and training. It is used as an important tool in the defense sector to prepare staff for higher roles, to promote new methods and procedures for personnel, to establish and evaluate new methods, as well as to evaluate the efficacy of modern weapons systems. The market is driven by the adoption of virtual training to ensure trainee protection and cost-effectiveness, reduction of military budgets in developing countries, paving the way for simulator training activities, growing political tensions, and civil unrest worldwide.

Ask For Free Sample @

The key players of the global Military simulation and training market have adopted various strategies to gain competitive advantage including product launch, mergers, and acquisition, partnerships and agreements, investment, funding, and others. For instance, in August 2020, Bohemia Interactive Simulations (BISim) launched VBS4 20.1, BISim's most critical tech update since 2013. VBS4 is a synthetic and positive simulation of the entire earth. It provides a major phase improvement from VBS3, offering greater ease of use, improved performance, and full-earth terrain representation. In July 2018, Northrop Grumman Corporation was awarded a contract of USD 128 million by the US Army to provide operation and sustainment of virtual, live, constructive training, and simulation systems. The company has been supporting the army program, Mission Training Complex Contractor Support (MTCCS – III Corps). The company provides mission command training to more than 70,000 service members annually.

Major market players included in this report are:
Airbus Group SE
BAE Systems PLC
CAE Inc.
Elbit Systems PLC
General Dynamics Corp.
Cubic Inc.
L3 Technologies Inc.
Leonardo S.p.A.
Lockheed Martin Corp.
Northrop Grumman Corp.

Ask For Customized Report As Per Your Business Requirement @

By Training Type:
Gaming Simulation

By Application:

Target Audience of the Global Military Simulation and Training Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

About Intelligence Market Report
We provide in-depth market analyses that suit your organizational needs and allow decision-makers to run businesses effortlessly. We have achieved excellence in providing end-to-end market research solutions. Our brigade of industry experts gathers key information and prepares content that aligns with our client's business/niche.

Get In Touch With Us
Manager - Business Development
Intelligence Market Report
UK (+44) 208 638 5991

For more information on this press release visit:

Media Relations Contact

Sales Manager
Intelligence Market Report
Telephone: 44 208 638 5991
Email: Click to Email David

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.