North America is expected to have the biggest share of 36.1% in the global military simulation and virtual training market between 2016 and 2026, says a report by Strategic Defence Intelligence.
Titled “The Global Military Simulation and Virtual Training Market 2016–2026”, the report projects North America to lead the market, followed by Europe with 25.6%, Asia Pacific at 25.3%, the Middle East at 7.9%, and the Latin American and African markets together accounting for 5.1%.
North America is forecast to spend $60.6bn on simulation and virtual training between 2016 and 2026, while Asia Pacific is expected to spend $42.6bn. The Middle East is another region poised for growth in the sector. The Latin American and African regions are also expected to initiate procurement programmes over the next ten years.
The military simulation and virtual training market consists of three main segments; flight, maritime and combat simulators.
The maritime simulators segment is expected to witness a good amount of growth, thanks to a number of procurement programmes being launched by the US. Some of these include the SSBN ballistic missile, the DARPA ACTUV, and the SSN nuclear attack submarine simulator programmes, Immersive Virtual Ship Environment-Interactive Multimedia Instruction, and Ohio Replacement Submarine.
Similar programmes are also being undertaken by other countries, such as India’s Stealth Frigate Simulators programme, and simulators under Project 75i, China’s Ballistic Missile Submarine Simulators programme, the UK’s Virtual Ships programme, and Russia’s Maritime and Submarine Simulators programme.