in ,

Strategic Defense Intelligence: Global Military Simulation, Virtual Training Market to Hit $15.8B by 2025

Strategic Defense Intelligence: Global Military Simulation, Virtual Training Market to Hit $15.8B by 2025 - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

market researchStrategic Defense Intelligence has released a new report that projects the global military simulation and virtual training market to reach $15.8 billion by 2025 from $10.4 billion in 2015.

The report examines what drives the demand and growth for armored vehicles, and examines worldwide spending and modernization trends, ReportBuyer said Oct. 14.

Strategic Defense Intelligence predicts North America will dominate the market, followed by the Asia Pacific and Europe regions.

The report also cites flight simulators, maritime and combat simulators as the three top segments in the military simulation market worldwide.

The trend represents a compound annual growth rate of 4.20 percent over the next 10 years.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Jay Clemens

Executive Profile: Randy Wood, Federal Sales VP at F5 Networks - top government contractors - best government contracting event
Executive Profile: Randy Wood, Federal Sales VP at F5 Networks
DISA Seeks Development, Sustainment Support Sources for Data Discovery Platform - top government contractors - best government contracting event
DISA Seeks Development, Sustainment Support Sources for Data Discovery Platform