The Military Simulators and Training Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Military Simulation And Training Industry Overview

The military simulators and training market is semi-consolidated and dominated by players such as Collins Aerospace (RTX Corporation), CAE Inc., Rheinmetall AG, FlightSafety International Inc., and THALES. Simulator manufacturers are required to build a brand and reach out to geographical extremes to get customers. Manufacturers may have the first-mover advantage if they can attract customers for the simulators for new vehicle platforms, as simulators tend to be reconfigured or upgraded to support newer variants, providing the players with continuous revenue inflow.

Mergers and acquisitions are expected to help the players by increasing their addressable market. For instance, in March 2021, CAE Inc. announced the acquisition of L3Harris Technologies' Military Training business for USD 1.05 billion. Such acquisitions are expected to help the companies expand their market presence and their revenue share in the market during the forecast period. In the coming future, growing demand from end-users is expected to create some intense competitive rivalry where the companies offering the best products for a limited budget, along with other affiliate services, will reap the most benefits.