Market Size of Military Aerospace Simulation and Training Industry
| Study Period | 2019 - 2031 |
| Market Size (2024) | USD 3.06 Billion |
| Market Size (2031) | USD 3.52 Billion |
| CAGR (2024 - 2031) | 2.03 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Military Aircraft Simulation & Training Market Analysis
The Military Aerospace Simulation and Training Market size is estimated at USD 3.06 billion in 2024, and is expected to reach USD 3.52 billion by 2031, growing at a CAGR of 2.03% during the forecast period (2024-2031).
The COVID-19 pandemic halted all the major operations across the globe, although military training and operations were not affected. Despite the flattened economy curve, military expenditure had shown a Y-o-Y growth which possessed a subsequent impact on the military aircraft simulation and training market.
The increasing military aircraft fleet of countries worldwide generates the demand for trained and qualified pilots to operate them. This increasing need for trained pilots is propelling the growth of the military aircraft simulation and training market during the forecast period.
The development of new and advanced aircraft and an increase in the cost involved in real-time pilot training for these advanced aircraft are the other main factors supporting the growth of the market.
