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World Virtual Training and Simulation Market – Opportunities and Forecasts, 2014-2022)

Thursday, December 1, 2016 5:45
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(Before It's News)

Virtual training is a methodology in which a simulated virtual environment is created to test the capabilities of a trainee that can contribute to the learning process. It can be of two types: instructor-led training and non-instructor-supported training. Simulation is the imitation of the processes of a real-world operation or system over time. Furthermore, it is used to create a virtual training environment. Virtual training and simulation tools comprise hardware and software. Hardware components include headsets, combat tools, hand gloves, hearing aids, mannequins, gaming consoles, and others, while software components are programs or set of instructions that are used to perform the activities in the system.

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Incrase in awareness among end users about the benefits of virtual training and simulation, and increased spending by various end users such as defense, healthcare, and education due to higher budget allocation are the major drives of the market. However, North African countries are unable to adopt this technology due to either lack of necessary infrastructures or limited knowledge about the technology. Manufacturers in virtual training and simulation market lack in terms of investments in R&D, which limits the innovation potential and market expansion.

Key benefits

An in-depth analysis of the world virtual training and simulation market is provided along with the market dynamics that would prove crucial in understanding the market.

Quantitative analysis of the current market and future estimations from 2014 to 2022 is projected to assist strategists to design business strategies to capitalize on the prevailing market opportunities.

Porter’s Five Forces analysis examines the competitive structure of the virtual training and simulation industry and also provides a clear understanding of the factors that influence the market entry and market expansion.

A detailed analysis of geographic segments offers identification of most profitable segments to capitalize on.

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Key Players

CAE Inc.

L-3 Link Simulation & Training

Cubic Corporation

ON24, Inc.

QinetiQ Group plc

BAE Systems plc

Laerdal Medical Corporation

Companies mentioned in the report include:

The Boeing Company, Geomagic, Inc., SAAB Solutions, Heartwood, Inc., Microsoft Corporation, Oculus Rift, Tata Consultancy Services, Lockheed Martin Global Training and Logistics, VSTEP B.V., Fujitsu Limited, Digital Process Ltd, CTC Aviation Group, TeraLogics, LLC, PULAU Corporation, Lloyd’s Register (LR) collaborated, Paramount Group, Paramount Group., CoreAVI (Core Avionics & Industrial), Inc., MOBICA, and TE Connectivity (TE).

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