Military Simulation and Training Industry Outlook and Forecast to 2021

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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.
increasing and civil
Factors, political unrest,
such as disputes 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, such as rising instances of
political and civil unrest, declining defense
budgets of developed economies, and overarching
need to rationalize training expenditure are
expected to drive the military simulation and
training market. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id661 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
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(U.S.), Rockwell Collins Inc. (U.S.), Cubic
Corporation (U.S.), and Rheinmetall AG
(Germany), among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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