The Global Military Simulator Systems Market to 2030: Land Simulator Segment is Expected to Account for a 47.9% Revenue Share of the Total Market
Dublin, Dec. 16, 2020 (GLOBE NEWSWIRE) -- The "The Global Military Simulator Systems Market to 2030" report has been added to ResearchAndMarkets.com's offering.
The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by industry participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military simulator systems market over the forecast period.
The demand for military simulator systems is anticipated to be driven by high levels of expenditure by emerging economies in the Asia-Pacific region, including India and China. The North American region, supported by the US Armed Forces' multi-year procurement programs, is anticipated to register a second leading position globally, exhibiting a steady pace of growth over the forecast period. Militaries are incorporating simulators into their training programs to cut down various operating costs associated with the training involved with real equipment. Governments are also planning to shift most pilot training to simulators.
Land simulator is expected to be the largest segment in the military simulator systems market over the forecast period. The demand for land simulators is anticipated to originate from the procurement of various land platforms, such Australia's Land 400 Phase 2 - Boxer CRV, China's T-15 Light Tank, India's Arjun MK1-A, Russia's T-14 Armata, the UK's Athena C2 and the US's Joint Light Tactical Vehicles (JLTVs), among others.
The land simulator segment is expected to account for a 47.9% revenue share of the total market over the forecast period followed by flight simulator segment. The demand for this segment is driven by several high-value procurement programs worldwide, including the US's Predator Mission Aircrew Training System (PMATS), E-2D Hawkeye Integrated Training System III, AH-64 Apache Flight Simulators, Thailand's F-16A/B Block 15 Simulator, the UK's Military Flying Training System (UKMFTS) and Qatar's P5 Air Combat Training System, among others
The global military simulator systems market is expected to be led by Asia-Pacific with a revenue share of 28.0%. The growth in the Asia-Pacific market is attributed to spending by countries such as India, China, Australia, South Korea, and Japan on advanced simulators of various categories.
Key Highlights
The global military simulator systems market is expected to grow at a CAGR of 4.49% over the forecast period.
The global military simulator systems market is classified into four categories: Land Simulator, Flight Simulator, Maritime Simulator and Joint Force Simulator.
The global military simulator systems market is expected to be led by Asia-Pacific with a revenue share of 28.0%. The growth in the Asia-Pacific market is attributed to spending by countries such as India, China, Australia, South Korea, and Japan on advanced simulators of various categories.
Land simulator is expected to be the largest segment in the military simulator systems market over the forecast period.
Key Topics Covered:
Executive Summary
Global Military Simulator Systems Market - Overview
Market Dynamics
Demand Drivers: Cost-effectiveness of simulators to drive demand
Trends: Growing popularity for integrated live, virtual and constructive training methods
Technological Developments: Usage of big data and artificial intelligence
Key Challenges: Mobility and Scalability issues pose a challenge for simulator designers
Global Military Simulator Systems Market - Segment Analysis
Segment Analysis: Flight Simulator
Segment Analysis: Land Simulator
Segment Analysis: Maritime Simulator
Segment Analysis: Joint Force Simulator
Global Military Simulator Systems Market - Regional Analysis
Global Military Simulator Systems - Regional Overview, 2020 and 2030
Regional Analysis: North America Regional Analysis: Asia-Pacific
Regional Analysis: Europe
Regional Analysis: Middle East
Regional Analysis: Africa
Regional Analysis: Latin America
Global Military Simulator Systems Market - Trend Analysis
Leading Segments in Key Countries
Country Analysis
leading countries
Market Size and CAGR Growth Analysis, 2020-2030
Change in Market Share, 2020-2030
Segmental Share (%), 2020-2030
Country Share (%), 2020 & 2030
Major Suppliers
Segmental Analysis
Key Programs Analysis
Description of Key Programs
Delivery Period, Units and Total Expenditure
Competitive Landscape Analysis
Competitive Analysis
Leading Companies
Major Products and Services
Financial Analysis covering Revenue, Operating Profit and Net Profit
Financial Deal and Contracts
Companies Mentioned
General Dynamics Corp
L3 Harris Technologies Inc
The Boeing Co
Lockheed Martin Corp
Rheinmetall AG
Cubic Corporation
Raytheon Technologies Corp
CAE Inc.
Northrop Grumman Corp.
For more information about this report visit https://www.researchandmarkets.com/r/xt76lg
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press 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