Military Simulation and Training Market by Application, Training Type & Region - Global Forecast to 2021 - Key Vendors are Lockheed Martin, Northrop Grumman & CAE - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Military Simulation and Training Market by Application, Training Type, and Region - Global Forecast to 2021" report to their offering.

The military simulation and training market is estimated to be USD 10.31 billion in 2016 and is projected to reach USD 12.67 billion by 2021, at a CAGR of 4.20% during the forecast period.

Rising instances of political and civil unrest, declining defense budgets of developed economies, increasing defense budgets of emerging economies, and the overarching need to rationalize training expenditures. The evolution of unmanned aerial systems (UAS) for use in military applications has fueled the need for UAS simulators. However, factors, such as lack of interoperability, complexity of the simulator software, and difficulty for simulator manufacturers act as restraints to the growth of the market.

North America dominated the military simulation and training market in 2015. The region has the highest simulator utilization rate and this trend is expected to continue in the coming years. The Asia-Pacific (APAC) region is expected to grow at the highest rate during the forecast period. Asia-Pacific is the one of the prime consumers of military equipment. Countries in this 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 military simulation and training market.

Companies Mentioned:

  • CAE Inc.
  • Cubic Corporation
  • L-3 Communications Holdings, Inc.
  • Lockheed Martin Corporation
  • Meggitt PLC
  • Northrop Grumman Corporation
  • Rheinmetall AG
  • Rockwell Collins, Inc.
  • SAAB AB
  • Thales Group
  • The Raytheon Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Military Simulation and Training Market, By Application

8 Military Simulation and Training Market, By Training Type

9 Regional Analysis

10 Competitive Landscape

11 Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/thsmbt/military

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Virtual and Augmented Reality

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Virtual and Augmented Reality