Global Virtual Training & Simulation Market to reach a market size of $315.1 bn by 2022

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According to a new report Global Virtual Training & Simulation Market, published by KBV Research, the global Virtual Training & Simulation market is expected to attain a market size of $315.1 billion by 2022, growing at a CAGR of 17.2% during the forecast period.

Global Virtual Training and Simulation Market Revenue Trend, 2012-2022 ( In USD Billion)

Global Virtual Training and Simulation Market Revenue Trend, 2012-2022 ( In USD Billion)

Simulation technology finds its application in aviation, military, medical science, and navy. The levels of awareness would eventually rise and the adoption of the technology would witness significant rise among different end users. Among the various industries using the technology, the education industry would grow the fastest and register high CAGR during the forecast period. The growth would be attributed to factors such as supportive government initiatives, increased spending on e-learning, and rise in adoption of game-based learning solutions.

Global Virtual Training and Simulation Market Growth Trend, 2013-2022

Global Virtual Training and Simulation Market Growth Trend, 2013-2022

The hardware segment has been the market leader holding about 70% revenue during 2016. Due to factors such as higher adoption in education, civil aviation, and healthcare industry, the segment would grow at a CAGR of 14.5%. Within the hardware segment, North America was a dominant region during the year 2016; whereas, Asia-Pacific is expected to grow at the fastest CAGR of around 17.6% during the forecast period.

Global Virtual Training and Simulation Market Revenue Share by Region - 2015 (in %)

Asia-Pacific would be the fastest growing region, and would register highest growth rate of 20.3%. North America held a market share of about 36% during 2016 and would grow at a significant rate during the forecast period.

The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key influencing factors of the global Virtual Training & Simulation market have been discussed in the report along with the elaborated company profiles of BAE Systems, CAE Inc., L-3 Link Simulation & Training, Cubic Corporation., ON24, Inc., QinetiQ Group plc. , ANSYS, Inc. and Kratos Defense & Security Solutions, Inc.

Full report: https://www.kbvresearch.com/global-virtual-training-and-simulation-market/

Segmentation

Global Virtual Training & Simulation Market By Component Type

  • Hardware
  • Software

Global Virtual Training & Simulation Market By End User Type

  • Defence and security
    • Air-Borne
    • Naval
    • Ground
  • Civil aviation
  • Education
    • e-Learning
    • Game-based Learning
  • Entertainment
  • Others

Global Virtual Training & Simulation Market By Geography

  • North America Virtual Training & Simulation Market
    • U.S. Virtual Training & Simulation Market
    • Canada Virtual Training & Simulation Market
    • Mexico Virtual Training & Simulation Market
    • Rest of North America Virtual Training & Simulation Market
  • Europe Virtual Training & Simulation Market
    • Germany Virtual Training & Simulation Market
    • U.K. Virtual Training & Simulation Market
    • France Virtual Training & Simulation Market
    • Russia Virtual Training & Simulation Market
    • Spain Virtual Training & Simulation Market
    • Italy Virtual Training & Simulation Market
    • Rest of Europe Virtual Training & Simulation Market
  • Asia-Pacific Virtual Training & Simulation Market
    • China Virtual Training & Simulation Market
    • Japan Virtual Training & Simulation Market
    • India Virtual Training & Simulation Market
    • South Korea Virtual Training & Simulation Market
    • Singapore Virtual Training & Simulation Market
    • Malaysia Virtual Training & Simulation Market
    • Rest of Asia-Pacific Virtual Training & Simulation Market
  • LAMEA Virtual Training & Simulation Market
    • Brazil Virtual Training & Simulation Market
    • Argentina Virtual Training & Simulation Market
    • UAE Virtual Training & Simulation Market
    • Saudi Arabia Virtual Training & Simulation Market
    • South Africa Virtual Training & Simulation Market
    • Nigeria Virtual Training & Simulation Market
    • Rest of LAMEA Virtual Training & Simulation Market

Companies Profiled

  • BAE Systems
  • CAE Inc.
  • L-3 Link Simulation & Training
  • Cubic Corporation.
  • ON24, Inc.
  • QinetiQ Group plc
  • ANSYS, Inc
  • Kratos Defense & Security Solutions, Inc.

Unique Offerings from KBV Research

  • Exhaustive coverage of Global Virtual Training & Simulation Market
  • Highest number of market tables and figures
  • Subscription based model available
  • Free of cost quarterly updates
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Virtual Training & Simulation Market

Europe Virtual Training & Simulation Market

Asia Pacific Virtual Training & Simulation Market

LAMEA Virtual Training & Simulation Market

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