Military Simulation and Virtual Training Market Worth $8.75bn in 2011

Tuesday 13 September 2011, Amsterdam

A new study available on ASDReports.com has determined that the value of the Military Simulation and Virtual Training Market in 2011 will reach was $8.75bn, and expects that the market will witness growth in multiple sectors over the coming years, from combat and UAV simulation, to medical training and battlefield modelling.

The Military Simulation and Virtual Training Market is forecast to experience considerable expansion as militaries worldwide seek to utilise simulation technology in order to cut costs and to provide first class training for troops.

The author of the Military Simulation and Virtual Training Market 2011-2021 report commented that 'Military simulation is set for a significant expansion, as governments' worldwide look to tap into the most advanced technology available to train their troops, and at the same time lower live training costs. For Western militaries in particular, simulation training techniques will prove invaluable for maintaining combat readiness as troops return home from Iraq and Afghanistan.'

The report contains over 145 charts and figures that add visual analysis to the market projections. The study provides forecasts for the period 2011-2021 in terms of value (US$) for the Military Simulation and Virtual Training Market, as well as 13 Flight and Non-Flight submarkets. In addition, 15 leading national military simulation and virtual training markets are quantified, analysed and forecast from 2011-2021. The report provides profiles of 35 leading companies operating within the market, and includes eight interviews with market leading companies providing expert insight along side the analysis.

The Military Simulation and Virtual Training Market 2011-2021 will be of value to current and future potential investors into the military simulation and virtual training industry, as well as companies and research centres who wish to broaden their knowledge of the military simulation and virtual training market.