Strategic Defense Intelligence: Global Military Simulation, Virtual Training Market to Hit $15.8B by 2025

market researchStrategic Defense Intelligence has released a new report that projects the global military simulation and virtual training market to reach $15.8 billion by 2025 from $10.4 billion in 2015.

The report examines what drives the demand and growth for armored vehicles, and examines worldwide spending and modernization trends, ReportBuyer said Oct. 14.

Strategic Defense Intelligence predicts North America will dominate the market, followed by the Asia Pacific and Europe regions.

The report also cites flight simulators, maritime and combat simulators as the three top segments in the military simulation market worldwide.

The trend represents a compound annual growth rate of 4.20 percent over the next 10 years.

You may also be interested in...

Shyam Salona CEO REI Systems

REI Wins GSA Task Order to Support SAM Operations; Shyam Salona, Pradeep Krishnanath Quoted

REI Systems has been awarded a task by the General Services Administration (GSA) to provide Development, Operations and Maintenance (O&M) for the Integrated Award Environment (IAE) and System for Award Management (SAM). REI will provide Agile, cloud-native development, testing, transition and O&M services for the Federal Acquisition Service (FAS). 

Dennis Eger Director Aptive

Army Vet Dennis Eger Joins Aptive Resources as Director

Dennis Eger, a retired U.S. Army sergeant major and former senior intelligence adviser, has been named director of Alexandria, Virginia-based consulting firm Aptive Resources. The 32-year Army veteran will support the service-disabled, veteran-owned company's efforts to grow presence in the intelligence and national security markets, Aptive said Thursday.

Brian Harrell Advisory Board Member CyVision

Former DHS Official Brian Harrell Named to CyVision Advisory Board

Brian Harrell, former assistant secretary for infrastructure protection at the Department of Homeland Security, has joined the board of advisers of Bethesda, Maryland-based cybersecurity firm CyVision Technologies. He served as the first assistant director for infrastructure security at DHS' Cybersecurity and Infrastructure Security Agency and is the chief security officer at energy company Avangrid.