Virtual training is a simulated virtual environment which is created to assess the capabilities of trainees to select the right resource. The virtual training simulation is of two kinds, namely instructor-led training and non-instructor-supported training. Simulation, by definition is a process of imitation of an operation of a real world system or a process. Growing awareness virtual training and simulation has positively driven the market growth. Fields such as civil aviation, military, e-learning, serious gaming, simulation-based gaming, entertainment, digital manufacturing, and healthcare use the technology widely, due to it’s the advantages such as ease handling & understanding, offers virtual environment as close as real one, and efficiency of training.
This report contains market size and forecasts of Virtual Training in Global, including the following market information:
Global Virtual Training Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Virtual Training market was valued at 70540 million in 2021 and is projected to reach US$ 184680 million by 2028, at a CAGR of 14.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hardware Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Virtual Training include L-3 Link Simulation & Training, CAE, Boeing, Thales, FlightSafety, Airbus, Lockheed Martin, BAE Systems and Raytheon, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Virtual Training companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Virtual Training Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Virtual Training Market Segment Percentages, by Type, 2021 (%)
Hardware
Software
Global Virtual Training Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Virtual Training Market Segment Percentages, by Application, 2021 (%)
Military
Civil Aviation
Medical
Entertainment
Other
Global Virtual Training Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Virtual Training Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Virtual Training revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Virtual Training revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
L-3 Link Simulation & Training
CAE
Boeing
Thales
FlightSafety
Airbus
Lockheed Martin
BAE Systems
Raytheon
Cubic
Rheinmetall Defence
ANSYS
Saab
Elbit Systems
Rockwell Collins