Police and military simulation training market

NEW YORK, January 19, 2022 /PRNewswire/ — The police and military simulation training market is expected to grow by $3.65 billion between 2020 and 2025, accelerating to a CAGR of 5.41% according to the latest Technavio report. The market is segmented by product (flight, combat and maritime) and geographical (North America, APAC, Europe, AME and South America). The report provides detailed information about the performance of the vendors in terms of revenue generation, market position, product launches and customer base among others.

Attractive Opportunities in Police and Military Simulation Training Market by Product and Geography – Forecast and Analysis 2021-2025

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Key lessons from the police and military simulation training market study

  • Simulation Police and Military Training Market Size to Grow by $3.65 billion at a CAGR of 5.41% between 2020 and 2025

  • 3.96% year-over-year growth in 2021

  • 36% original market growth North America during the forecast period

  • Major vendors include Arotech Corp., Ascent Flight Training Holdings, BAE Systems Plc, CAE Inc., Cubic Corp. and others

Police and Military Simulation Training Market: Revenue-Generating Segment

The growth of the market share of police and military training by simulation flight segment will be important for revenue generation. To train military aircraft pilots, flight simulators such as full flight simulators (FFS) and flight simulation training devices (FSTD) are used. It is respectively the replica of the aircraft cockpit and the controls inside the cockpit, which improves the pilot’s training and piloting and cueing skills. Increasing purchases of fixed-wing and rotary-wing aircraft and upgrading of the existing fleet and delivery of military aircraft will drive the growth of this market segment over the forecast period.

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Police and Military Simulation Training Market: Growth Drivers and Restraints

Cost effective virtual training is one of the major factors driving the global market police and military simulation training market growth. The growth is attributed to virtual training as it reduces the incremental cost of resources, including costs associated with fuel for military platforms, purchase of training ammunition, and operational costs. Minimizing the risks associated with real-time training (personnel, equipment, and devices) and increasing budget allocation for defense and law enforcement will further drive the demand for innovative simulation training systems. Moreover, the use of an architecture based on commercial off-the-shelf (COTS) components will reduce the cost of developing custom equipment, which, in turn, will drive the growth of the market in question.

However, the major challenge for the global police and military simulation training market will be the high investment required for simulation systems. Lack of well-developed infrastructure and space for installing simulators, trained personnel, maintenance personnel and other overheads will hamper the growth of the targeted market. Simulation units are expensive, costing a few million, not including the cost of certification that training academies must apply for individually. Additionally, the cost of travel for interns and the requirement for network and communication technology are other challenges for vendors. Complicated certification process and high costs may also hamper growth during the forecast period.

The police and military simulation training market report answers questions such as:

  • Is the market structure fragmented or concentrated?

  • What was the market size in 2021 and the Police and Military Simulation Training market forecast to 2025?

  • What are the best segments to invest in during the forecast period?

  • What is the market share of the dominating and powerful vendors in the Police and Military Simulation Training market?

  • What are the latest trends and regulatory frameworks in the Police and Military Simulation Training market?

Get all your questions answered in our comprehensive report.

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Scope of the Police and Military Simulation Training Market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.41%

Market Growth 2021-2025

$3.65 billion

Market structure

Fragmented

Annual growth (%)

3.96

Regional analysis

North America, APAC, Europe, MEA and South America

Successful market contribution

North America at 36%

Main consumer countries

US, UK, China, Germany and Canada

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Arotech Corp., Ascent Flight Training Holdings, BAE Systems Plc, CAE Inc., Cubic Corp., L3Harris Technologies Inc., Lockheed Martin Corp., Meggitt Plc, Northrop Grumman Corp. and Raytheon Technologies Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto/Technavio)

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