Global military market is expected to value for US$14.5 billion in 2017 and reach US$20.0 billion in 2027, at a CAGR of 3.43% over the forecast period.

Challenging global security conditions, due to unconventional attack styles and urban warfare, have reduced traditional military training methods ineffectual. Dynamic methods, combining live and virtual training, are helping to prepare armed forces for future missions and coordinated attacks. Simulation forms an integral part of this method and will drive demand over the forecast period.

There are a number of factors effecting militaries to reduce their participation in live training programs; environmental issues and high energy prices are the two main components. Due to this, the simulator and virtual training market is gaining attention as it is considered a more cost efficient form of training. However, the procurement of simulators is primarily dependent on the acquisition of other military equipment such as aircraft, submarines, helicopters, armored vehicles, unmanned aerial vehicles (UAVs), and naval ships. With the market for these systems projected to record a robust growth in expenditure over the forecast period, military simulators will be in demand.

While major economies is specializing on strengthening and modernizing their foray and defense capabilities, flight simulators are projected to be the dominant phase in the military simulation and virtual training market. Disputes over maritime borders and natural resources have warranted military super powers to specialize on modernizing their navies. This may drive the demand for maritime simulators, creating it the second-largest segment with in this market.

North America can still dominate this market, with a 33.5% share of the market’s revenue in 2027, followed by the Asia-Pacific with a share of 30.5%, and Europe with 21.9%. The Middle East is projected to become a extremely engaging market for military simulation and virtual training due to the volatility of political conditions and the ongoing threat of terrorism coercion. In 2027, it is set to account for a share of 9.4%, followed by Latin America and Africa with a collective share of 4.8%.

A focus on LVC poses a challenge for suppliers once desegregation and modernizing training facilities. Essentially, a state of interoperability must be attained among various systems. With countries longing for solutions that may be used across multiple military divisions and embrace network centric warfare training and multi-team coordinated preparation against terrorist attacks, the challenge facing companies is providing simulations complex enough to cover all scenarios.

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