Report ID: SQMIG20A2233
Report ID:
SQMIG20A2233 |
Region:
Global |
Published Date: May, 1990
Pages:
202
|
Tables:
63 |
Figures:
75
Military Simulation & Virtual Training Market size was valued at USD 13.56 Billion in 2023 and is poised to grow from USD 14.31 Billion in 2024 to USD 21.95 Billion by 2032, growing at a CAGR of 5.50% during the forecast period (2025-2032).
Increasing demand for realistic training environments to enhance military preparedness and effectiveness is projected to boost military simulation & virtual training market growth over the coming years. Virtual reality (VR) and augmented reality (AR) technologies and sophisticated simulators are driving the market growth as they mimic real-world combat scenarios perfectly. High demand for cost-effective military training solutions, increasing complexity of modern military operations, and high emphasis on reducing risks to military personnel during training exercises are other market drivers. The COVID-19 pandemic has been a major catalyst for the adoption of virtual training solutions in different military and defense applications thereby creating an opportune scenario for military simulation & virtual training market players.
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Report ID: SQMIG20A2233