Military Simulation & Virtual Training Market To Drive A CAGR Of 4.2% For The Forecast Period 2018 To 2025: Grand View Research Inc.
San Francisco, 12 March 2019: The Report Military Simulation and Virtual Training Market Size, Share & Trends Analysis Report By Platform Type (Flight, Vehicle, Battlefield, Virtual Boot Camp), By Application (Ground, Air, Naval), And Segment Forecasts, 2018 – 2025 The global Military Simulation & Virtual Training size is expected to reach USD 15.07 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.2% over the forecast period. Rising political instability and disputes coupled with growing adoption of simulators and virtual training methods to safeguard the trainees are expected to drive the market. Rising prices of armed components and environmental concerns are expected to fuel demand for virtual training practices from defense sector. Over the past decade, the military simulation & virtual training market is gaining prominence as it is considered as a cost-effective solution for training the arme...