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The military simulation and virtual training market size is forecast to increase by USD 6.04 billion at a CAGR of 5.8% between 2023 and 2028. The market is witnessing significant growth due to the cost-effectiveness of virtual training and the increased emphasis on portable simulators and head-mounted virtual reality (VR) systems. These systems enable soldiers to train in realistic environments without the need for expensive physical assets, reducing overall training costs. Moreover, portable simulation systems, such as vehicle and flight simulators for tanks and aircraft like the F-35 and J-15, offer the advantage of being easily transportable for field training. However, the high cost of simulation training remains a challenge for market growth, as it requires significant investment in hardware and software. Despite this, the benefits of virtual training, including improved training efficiency and safety, are driving the market forward.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Environment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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