Global Military Aerospace Simulation and Training Market - Growth, Trends, and Forecast (2018 - 2023)
The global military aerospace simulation and training market is expected to register a CAGR close to 3% during the forecast period, 2018 to 2023. The demand for flight simulation machines with motion simulators is high due to their ability to give a more real life type experience to pilots. UAV flight simulation provides cost-efficient training, while reducing the environmental impact. Usually, the military UAVs are engaged in operations, such as disaster management, security, search and rescue, and monitoring. They are also used for battlefield management, aerial reconnaissance, and for alerting against biological, chemical, and nuclear threats. Some of the factors driving the military simulation and training market are increasing political disputes and civil unrest, adoption of virtual training to ensure safety and cost-benefits. However, the complexity of simulator systems, lack of interoperability, concerns with simulation training, and difficulty for manufacturers to keep pace with the growing simulation industry may inhibit the growth of the military simulation and training market.
Asia – Pacific
Asia-Pacific will grow significantly with the ongoing investments on military platforms. With the procurement and making of 5th generation aircraft with stealth capability, it is mandatory for pilots to undergo such training. 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.
Key Developments in the Market
March 2018: BAE Systems Australia to upgraded Australia's long-range radar network
December 2017: L3 Link Awarded Contract to Upgraded F/A-18 Training Systems for the Swiss Air Force
February 2017: Rockwell Collins developed new ARC-210 smart mount for Iridium® SATCOM integration
Major Players: L-3 COMMUNICATIONS LINK SIMULATION & TRAINING, ROCKWELL COLLINS, ADVANCED SIMULATION CORP., AEROSIM TECHNOLOGIES, INC., ATLANTIS SYSTEMS CORP., BAE SYSTEMS, BOEING TRAINING SYSTEMS AND SUPPORT, CACI INTERNATIONAL, INC., CAE, CUBIC SIMULATION SYSTEMS, FLIGHT SAFETY INTERNATIONAL, FLYIT SIMULATORS, LOCKHEED MARTIN, NLX CORP., SYTRONICS, INC., VECTOR TRAINING SYSTEMS, INC., BOMBARDIER, DIAMOND VISIONICS LLC, NGRAIN CORPORATION, PACIFIC SIMULATORS LIMITED, SCALABLE DISPLAY TECHNOLOGIES, amongst others.
Reasons to Purchase this Report
The report analyses how the changing geopolitics across the world will impact military simulation and training market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The simulator type that is expected to dominate the market
The regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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