Military Simulation, Modelling and Virtual Training Market to be Worth $8.12Bn in 2014, According to a New Study on ASDReports

Wednesday 10 September 2014, Amsterdam

A successful military force requires effective and high quality training to overcome any and all challenges. Military simulation and virtual training systems is viewed as highly important for the training of a modern and advanced military force. These simulation systems are employed to provide realistic mission training in a safe environment, where data analytics and operational review can be undertaken.

A detailed analysis of the latest political, economic and technological trends lies at the heart of the reports unparalleled quantitative and qualitative analysis of the Military Simulation, Modelling and Virtual Training market. The new report assesses that global spending on Military Simulation, Modelling and Virtual Training will amount to $8.12bn in 2014.

This 346 page report contains 289 tables and charts illustrating key trends throughout the market, information related to 274 contracts and programmes, and 3 interviews with industry experts. This report, now available on ASDReports, Military Simulation, Modelling and Virtual Training Market 2014-2024: Top Companies in Immersive, Interactive, Constructed & Computer Based Training analyses the market at the global level, by two primary submarkets which are broken down into a total of 12 secondary submarkets. The 15 leading national markets plus rest of the world are also analysed, each broken down by the two primary submarkets.

The reports senior defence analyst Michael Emery commented “Military simulation, modelling and virtual training system procurement is usually tied to large scale procurement plans. Many militaries including the USA, China, India and Russia are currently seeking to modernise their armed forces by procuring next generation systems. These large scale platform procurement programmes include; Aircraft Carriers, Submarines, armoured vehicles and Jet aircraft such as the F-35. Technology maturation, improvements in realism and the cost effective nature of simulation systems is increasingly able to provide necessary training at a fraction of the cost of live training exercises.”

The Military Simulation, Modelling and Virtual Training Market 2014-2024: Top Companies in Immersive, Interactive, Constructed & Computer Based Training report will be of impressive value to current, and future, investors into the industry, as well as to companies and research centres who wish to broaden their knowledge of the Military Simulation market.