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Military Simulations and Virtual Training Market

3065.62

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Market

Defence

Report Type

Market Research

Country

Global

Published

19 January 2012

Number of Pages

181

Report Delivery

Email

Delivery Lead Time

1-3 hours, 24 hour max

Publisher

ICD Research

File Format

PDF

Military simulators market to grow to a value of US$53.3 billion by 2021

The global military simulation market, which valued US$3.5 billion in 2011, is projected to grow at a CAGR of 6.75% over the forecast period to value US$6.7 billion by 2021. Demand for military simulators is anticipated to be driven by both internal and external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Perhaps most importantly demand will be additionally driven by the cost effectiveness provided by military simulators in times when defense budgets are being cut due to the economic difficulties being faced by the key markets including the US and Europe.

Cumulatively, the market for military simulators over the forecast period is expected to value US$53.3 billion. Significant spenders include countries in the North American, Asia-Pacific and European regions, with the global military simulation market projected to be dominated by the US over the forecast period, followed by the Asia-Pacific, European and Latin American regions. Even though many of the European nations are facing an economic crisis, Europe's share of the global market is projected to increase over the forecast period due to a shift from actual to virtual training, owing to the resultant cost savings.

Report Scope

- Analysis of the global military simulations and virtual training market size from 2011 through 2021
- Analysis of defense budget spending pattern by region
- Insights on the region wise defense modernization initiatives
- Sub-sector analysis of the military simulations and virtual training market
- Analysis of key global military simulations and virtual training market by country
- Key competitor profiling specifically focusing on the military simulations and virtual training market

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Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Site License

Site License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is intended for use by more than one individual, across for example, a site, an office, or a division or country.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

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