The Military Synthetic and Digital Training Solution is projected to reach $17,385.8 Million by 2026, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR 9.45% during the forecast period from 2021 to 2026.
The military synthetic and digital Training solution technology and products have been used widely for various applications across military verticals globally. The term military synthetic and digital training solution refers to a range of military simulators and synthetic training environment (STE) developed by companies across the globe to reduce the cost and mitigate the challenges of live training sessions.
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Growth /Marketing Strategy: Players operating in the global military synthetic and digital training solution market are developing innovative products to enhance the capabilities of their product offerings. These companies also have been acquiring smaller companies to establish a larger market presence in the industry. Growth/marketing strategies will help the reader understand the revenue-generating strategies adopted by the players operating in the global military synthetic and digital training solution market. For instance, in March 2019, the Finnish Defence Forces Logistics Command signed a contract with Saab to acquire virtual training simulators. The contract was valued at more than $9 million. It included delivery of equipment that encompasses simulations of weapons and software that designs a virtual environment and provides a base for post-training analysis.
Market Segmentation of Military Synthetic and Digital Training Solution
Application The global military synthetic and digital training solution market has been segmented based on various immersion application, including combat and personnel training, maintenance, repair and overhaul (MRO) training, leadership and skill assessment, and medical training. The combat and personnel training segment includes various sub-segments such as personnel training, aircraft, vehicle, and vessel. These segments are also further divided into manned and unmanned vehicles. The aircraft segment will witness the highest market share in combat and personal training within the global military synthetic and digital training solution market. The increasing cost of live combat and personnel training and the rising risk of fatal injuries during live training is the primary market driver supporting the usage of military simulators.
Region: The regions discussed in this report include North America, Europe, Asia-Pacific, and Rest-of-the-World. North America is expected to account for the highest share of the global military synthetic and digital training solution market, owing to a significant number of companies based in the region. The companies based in the North America region often supply international customers in Asia-Pacific, Europe, Middle East, and Africa.
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Market forecasts by Regions, by Platform, and by Type. Market/Technologies Overview, Opportunities, and Leading Companies
Published: January 2019 - Pages: 231 pagesDownload free sample pages
Source: ASDReports - Market Research
Date: Aug 25, 2021
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