Virtual Training and Simulation Market Global Opportunities Analysis and Industry Forecast,

Overview: Virtual Training and Simulation Market is expected to garner $329 billion by 2022, registering a CAGR of 16.8% during the forecast period Over the past few years, increase in defense, healthcare, and education expenditure is seen especially in Asia-Pacific, LAMEA, and European countries and is expected to continue during the forecast period. Product launch to provide enhanced features, accounting for 50% of the total strategy adoption, followed by agreements, contributing 18.8% of the total share.

Top Impacting Parameters This technology is being used in various fields such as civil aviation, military, e-learning, serious gaming, simulation-based gaming, entertainment, digital manufacturing, and healthcare, owing to its advantages including ease handling & understanding. Increase in Awareness about Virtual Training and Simulation It is rather difficult and costly to buy an aircraft to train pilots, for which virtual training and simulation tools offer perfect solutions in which they create a virtual environment with similar hurdles a pilot may face in the real world. Cost-effective solutions for virtual training and simulation technology With the increase in expenditure, sales of related equipment in defense, healthcare, and education is projected to increase, including for virtual training and simulation equipment. Increase in Defense, Healthcare, and Education Expenditure

Trending in North America The United States Army Simulation and Training Technology Center (STTC) is a provider of applied research to develop simulation technologies to United States Department of Defense and United States Department of Homeland Security. The Canada First Defence Strategy is an initiative to offer the Canadian Forces (CF) with a program the Operational Training System Provider (OTSP) developed by CAE, Inc., which delivers comprehensive aircrew training services. Major leading companies include CAE, Inc., Lockheed Martin Global Training and Logistics, SAAB Training USA LLC, and others who have developed a variety of tools and technologies applicable in numerous fields such as military, civil aviation, healthcare, education, gaming, and others.

Market Segmentation: By Components 1.Hardware 2.Software By End-user 1. Defense and Security Civil Aviation Education e-Learning Game-Based Learning Entertainment Others (Digital Manufacturing and Healthcare

Market Segmentation: By Geography North America U.S. Canada Mexico Europe UK Germany France Spain Italy Rest of Europe Asia-Pacific China India Japan Rest of Asia-Pacific LAMEA Latin America Middle East Africa

Key-players: CAE Inc. L-3 Link Simulation & Training Cubic Corporation ON24, Inc. QinetiQ Group plc BAE Systems plc Laerdal Medical Corporation Kratos Defense & Security Solutions, Inc. The DiSTI Corporation ANSYS, Inc.

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