Military Simulator Market Growth, Trends, COVID-19 Impact, and Forecast 2022-2031

The Military Simulator Market is estimated to register a CAGR of more than 3.5% during the forecast period (2021-2030).

The global GDP witnessed a decline by more than 4% in 2020 due to the economic impacts of the Covid-19 pandemic. However, according to the Stockholm International Peace Research Institute (SIPRI), global military spending has increased by 2.6% to reach USD 1981 billion in 2020. Nevertheless, defense spending might come down in the near future, due to the global economic crisis that is triggered by the pandemic. This factor is expected to challenge the growth of the military simulators market during the forecast period.

The growth in demand for military vehicles across the land, sea, and aerial platforms is the main driver for the market growth. Several countries are modernizing their military fleets by inducting newer generation vehicle platforms. This is generating a simultaneous demand for simulation-based training for the military personnel on these platforms, thereby propelling the market prospects of the related military simulators.

The training of pilots and military personnel in real aircraft, land vehicles, and ships involves many risks and sometimes may lead to hazardous situations and loss of lives. Simulators provide a realistic experience and safe training for beginners. This need for safe and efficient training is also driving the simulator market.

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Key Market Trends

Air Segment is Expected to Experience the Highest Growth During the Forecast Period

The air segment of the market studied held the highest market share in 2020. The segment is also expected to register the highest CAGR during the forecast period. This is majorly due to the complexity and risk involved in aircraft compared to the other end users. For example, a single mistake by pilots on board a military aircraft while landing or take-off will not only cost the lives of people on board but also result in loss of sophisticated military property as well as compromising the mission. Such complexity has forced the military authorities to incorporate simulator-based training for pilots. Moreover, the increasing adoption of newer generation aircraft that incorporate complex technologies in the military may require training for pilots to familiarize themselves with the latest equipment and systems.

In such situations, providing hands-on experience may be difficult due to high-cost involvement. In such cases, the simulators act as the preferred option. For instance, as of 2020, the operating cost of the USAF’s F-35A is estimated to be about USD 44,000 per flight hour. In this regard, the F-35 pilots are first trained on simulators, instead of the actual aircraft, which helps in cost-cutting. Pilots are typically trained for about 30 hours on the F-35 full-mission simulators, before getting airborne on their first sortie in the F-35. Lockheed Martin is also planning to connect full-mission simulators in the US and in the UK through a software upgrade, allowing the Air Force pilots in these countries to virtually train with one another across international borders. Furthermore, the USAF aims to deploy and connect more full-mission simulators in the years to come. Such initiatives also help the militaries increase their interoperability without conducting joint military exercises on actual aircraft, which is expected to drive the market growth during the forecast period.

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