Visiongain: military simulation and virtual training market to reach $8.75 billion this year

LONDON, 20 Aug. 2011. The military simulation and virtual training market is expected to grow in multiple sectors—including combat and unmanned aerial vehicle (UAV) simulation, medical training, and battlefield modeling—as well as reach a total value of $8.75 billion in 2011, according to a new report by Visiongain researchers. Visiongain staff forecast market expansion as militaries worldwide adopt simulation technology to cut costs and train troops.

Posted by Courtney E. Howard

LONDON, 20 Aug. 2011. The military simulation and virtual training market is expected to grow in multiple sectors—including combat and unmanned aerial vehicle (UAV) simulation, medical training, and battlefield modeling—as well as reach a total value of $8.75 billion in 2011, according to a new report by Visiongain researchers. Visiongain staff forecast market expansion as militaries worldwide adopt simulation technology to cut costs and train troops.

“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,” say a Visiongain spokesperson. “For Western militaries in particular, simulation training techniques will prove invaluable for maintaining combat readiness as troops return home from Iraq and Afghanistan.”

Visiongain staff forecasts the value of the military simulation and virtual training market, as well as 13 flight and non-flight submarkets, for the period of 2011-2021 in the Military Simulation and Virtual Training Market 2011-2021 report.

The Military Simulation and Virtual Training Market 2011-2021 report is expected to be of value to current and future potential investors into the military simulation and virtual training industry, as well as companies and research centers looking to broaden their knowledge of the military simulation and virtual training market.

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