Military simulation and virtual training market to reach $9.03bn in 2012

Wednesday 11 July 2012, Amsterdam

A new analysis indicates that the global military simulation and virtual training market is set to reach $9.03bn in 2012, as defence ministries worldwide seek to take advantage of the ongoing technological progress in military simulation systems.

The author of the military simulation and virtual training report comments that: ‘Military Simulation represents a market with a high-growth potential for many global defence ministries. Increasing technological advances are occurring at a rapid pace and military purchases are increasing in due proportion. With the market becoming increasingly fragmented owing to the commercial off the shelf (COTS) phenomenon, opportunities for investors are numerous.’

The Military Simulation and Virtual Training Market 2012-2022 report contains 200 tables, charts and graphs that quantify the market trends within the military simulation and virtual training market. The reportprovides a range of forecasts for the period 2012-2022, as well as for 12 submarkets (High Performance Jet, Rotary Wing, Transport Aircraft, Unmanned Aerial Vehicles, Other (Flight), Combat, Maintenance, Vehicles, Cultural, Language and Intelligence, Medical, Command & Modelling, Naval) of the military simulation and virtual training market. In addition, the 15 leading national military simulation and virtual training markets are analysed over the period 2012-2022 for trends and investment opportunities, as well as an analysis of the ‘Rest of the World’ market). The report also provides profiles of 66 leading companies operating within the market, including 5 interviews with senior figures in principal military simulation and virtual training companies, providing expert insight.

The Military Simulation and Virtual Training Market 2012-2022 report will be of great value to current, and future, investors into the military simulation and virtual training industry, as well as to companies and research centres who wish to broaden their knowledge of the military simulation and virtual training markets.