According to a recent report published by Allied Market Research, titled, “Military Simulation and Training Market by Application and Training Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global military simulation and training market was valued at $11.56 billion in 2020, and is projected to reach $20.58 billion by 2030, registering a CAGR of 6.2%. North …
Tag Archives: Military Simulation and Training Market Sector
Military Simulation and Training Market Consumption Status and Prospects Professional Industry Research Report 2030
Increase in territorial conflicts worldwide has led to the growth in defense expenditure, which in turn, drives the growth of the global military simulation and training market. However, high costs associated with military simulation and training services & products restrain the market to some extent. On the other hand, contracts & agreements with military forces and defense …