Military Simulation and Training Market to Witness Growth Acceleration during 2019-2026 - CAE, Thales Group

Military Simulation and Training Market is accounted for $ 10.74 billion in 2017 and is expected to reach $ 17.57 billion by 2026 growing at a CAGR of 5.6%. Factors such as rising demand for adoption of virtual training for future generation, and reducing the budget of military equipment and training are driving the market growth. However, lack of lack of inducements and challenges for manufacturers of simulators are hampering the growth of the market. Moreover, increase in the innovative technology and R&D activities about the military simulation acts as opportunities for the growth of the market.

Some of the key players in Military Simulation and Training market include:
CAE, Thales Group, Northrop Grumman, The Raytheon Company, SAAB AB, Lockheed Martin Corporation, Meggitt PLC, Cubic Corporation, L-3 Communications Holdings, Inc., Rockwell Collins, Inc., and Rheinmetall AG.

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