Military Simulation and Training Market Share

Market Share of Military Simulation and Training Industry

Some of the prominent players in the military simulator market in 2021 were Collins Aerospace (Raytheon Technologies Company), CAE Inc., Rheinmetall AG, FlightSafety International (Berkshire Hathaway Inc.), and Thales Group. 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 to enjoy continuous revenue inflow. Mergers and acquisitions are expected to help the players by increasing their addressable market. For instance, in 2020, CAE announced that it acquired TRU Simulation + Training Canada Inc. Furthermore, in 2021, the company also 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.

Military Simulation & Training Market Leaders

1. Rheinmetall AG

2. FlightSafety International

3. Collins Aerospace

4. CAE Inc.

5. Thales Group

*Disclaimer: Major Players sorted in no particular order