World Virtual Training and Simulation Market - Opportunities and Forecasts, 2014-2022
- ALL769355
- 120 Pages
- October 2016
- ICT & Media
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.
Increase 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. However, advancements in technology, rise in number of Internet users, and increase in scope of technology in other industries such as energy, transportation, and mining are expected to offer significant growth opportunities for prominent players operating in market.
The world virtual training and simulation market is segmented based on components, end user, and geography. The components segment is further divided into hardware and software. Based on end user, the market is segmented into defense & security, civil aviation, education, entertainment, and others (digital manufacturing and healthcare). The education segment is further bifurcated into e-learning and game-based learning. Based on geography, the market is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Key players in the virtual training and simulation industry include CAE Inc., L-3 Link Simulation & Training, Cubic Corporation, ON24, Inc., QinetiQ Group plc, BAE Systems plc, Laerdal Medical Corporation, Kratos Defense & Security Solutions, Inc., The DiSTI Corporation, and ANSYS, Inc. Over the years, these market leaders have established themselves with continuous investment on product innovation, which enabled them to improve the quality and performance of the training and simulation solutions. Further, these companies expanded their market presence through strategic alliances and are working toward launching upgraded products in the market to gain maximum market share as well as to deliver better benefits to the stakeholders.
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.
- A comprehensive analysis of market trends, sub-segments, and key revenue pockets is provided.
- Analysis of the key leaders and their business strategies is anticipated to assist stakeholders to make more informed business decisions.
- A detailed company profile analysis is provided that showcases major developments such as mergers and acquisitions, expansions, and new product launch.
Key market segments
By Components
- Hardware
- Software
By End user
- Defense and Security
- Civil Aviation
- Education
- e-Learning
- Game-Based Learning
- Entertainment
- Others (Digital Manufacturing and Healthcare)
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- CAE Inc.
- L-3 Link Simulation & Training
- Cubic Corporation
- ON24, Inc.
- QinetiQ Group plc
- BAE Systems plc
- Laerdal Medical Corporation
- Kratos Defense & Security Solutions, Inc.
- The DiSTI Corporation
- ANSYS, Inc.
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).
CHAPTER 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.3.1 Research and development
3.3.2 Component manufacturers
3.3.3 Assembly, programming and testing
3.3.4 Marketing and sales
3.3.5 End user
3.3.6 After sales services
3.4 Porters five forces analysis
3.4.1 Moderate bargaining power of buyers due to highly fragmented market and high switching costs
3.4.2 Large number of suppliers and threat of backward & forward integration lead to moderate bargaining power of suppliers
3.4.3 Presence of strong brands and large number of product launches leads to intense rivalry among competitors
3.4.4 Low threat from in-direct substitutes
3.4.5 Low threat from new entrants due to high initial investment costs and stiff competition from established brands
3.5 Market share analysis, 2015
3.6 Drivers
3.6.1 Increasing awareness about the virtual training and simulation
3.6.2 Cost-effective benefits of virtual training and simulation solutions
3.6.3 Increase in defence, healthcare and education expenditure
3.7 Restraints
3.7.1 Resistance to adopt the virtual training and simulation technology
3.7.2 Lack of investments in R&D
3.8 Opportunities
3.8.1 Advancements in technology
3.8.2 Scope for improvements in other industries (Mining, transportation and energy)
CHAPTER 4 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENTS
4.1 Introduction
4.1.1 Market size and forecast
4.2 Hardware
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3 Software
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
CHAPTER 5 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY END USER
5.1 Introduction
5.1.1 Market size and forecast
5.2 Defence and security
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.3 Civil aviation
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.4 Education
5.4.1 Market size and forecast
5.4.2 e-Learning
5.4.2.1 Key market trends
5.4.2.2 Key growth factors and opportunities
5.4.2.3 Market size and forecast
5.4.3 Game-based learning
5.4.3.1 Key market trends
5.4.3.2 Key growth factors and opportunities
5.4.3.3 Market size and forecast
5.5 Entertainment
5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast
5.6 Others (Digital manufacturing and healthcare)
5.6.1 Key market trends
5.6.2 Key growth factors and opportunities
5.6.3 Market size and Forecast
CHAPTER 6 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY
6.1 Introduction
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.2.3.1 U.S.
6.2.3.1.1 MARKET SIZE AND FORECAST
6.2.3.2 Canada
6.2.3.2.1 MARKET SIZE AND FORECAST
6.2.3.3 Mexico
6.2.3.3.1 MARKET SIZE AND FORECAST
6.3 Europe
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
6.3.3.1 UK
6.3.3.1.1 MARKET SIZE AND FORECAST
6.3.3.2 Germany
6.3.3.2.1 MARKET SIZE AND FORECAST
6.3.3.3 France
6.3.3.3.1 MARKET SIZE AND FORECAST
6.3.3.4 spain
6.3.3.4.1 MARKET SIZE AND FORECAST
6.3.3.5 italy
6.3.3.5.1 MARKET SIZE AND FORECAST
6.3.3.6 Rest of Europe
6.3.3.6.1 MARKET SIZE AND FORECAST
6.4 Asia-Pacific
6.4.1 Key market trends
6.4.2 Key growth factors and opportunities
6.4.3 Market size and forecast
6.4.3.1 China
6.4.3.1.1 MARKET SIZE AND FORECAST
6.4.3.2 India
6.4.3.2.1 MARKET SIZE AND FORECAST
6.4.3.3 Japan
6.4.3.3.1 MARKET SIZE AND FORECAST
6.4.3.4 Rest of Asia-Pacific
6.4.3.4.1 MARKET SIZE AND FORECAST
6.5 LAMEA
6.5.1 Key market trends
6.5.2 Key growth factors and opportunities
6.5.3 Market size and forecast
6.5.3.1 Latin America
6.5.3.1.1 MARKET SIZE AND FORECAST
6.5.3.2 Middle East
6.5.3.2.1 MARKET SIZE AND FORECAST
6.5.3.3 Africa
6.5.3.3.1 MARKET SIZE AND FORECAST
CHAPTER 7 COMPANY PROFILES
7.1 CAE Inc.
7.1.1 Company overview
7.1.2 Business performance
7.1.3 Key strategic moves and development
7.2 L-3 Link Simulation & Training
7.2.1 Company overview
7.2.2 Key strategic moves and development
7.3 Cubic Corporation
7.3.1 Company overview
7.3.2 Business performance
7.3.3 Key strategic moves and development
7.4 ON24, Inc.
7.4.1 Company overview
7.4.2 Key strategic moves and development
7.5 QinetiQ Group plc
7.5.1 Company overview
7.5.2 Business performance
7.5.3 Key strategic moves and development
7.6 BAE Systems plc
7.6.1 Company overview
7.6.2 Business performance
7.6.3 Key strategic moves and development
7.7 Laerdal Medical Corporation
7.7.1 Company overview
7.7.2 Key strategic moves and development
7.8 Kratos Defense & Security Solutions, Inc.
7.8.1 Company overview
7.8.2 Business performance
7.8.3 Key strategic moves and development
7.9 The DiSTI Corporation
7.9.1 Company overview
7.9.2 Key strategic moves and development
7.10 ANSYS, Inc.
7.10.1 Company overview
7.10.2 Business performance
7.10.3 Key strategic moves and development
List of Figures
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES, 2015
FIG. 3 TOP WINNING STRATEGIES, 20142016
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 VALUE CHAIN ANALYSIS OF VIRTUAL TRAINING AND SIMULATION MARKET
FIG. 6 PORTERS FIVE FORCES ANALYSIS OF WORLD VIRTUAL TRAINING AND SIMULATION MARKET
FIG. 7 MARKET SHARE ANALYSIS, 2015
FIG. 8 COMPARATIVE MARKET SHARE ANALYSIS OF VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENTS, 2014 & 2022 (%)
FIG. 9 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY HARDWARE, 2014 & 2022 (%)
FIG. 10 WORLD VIRTUAL TRAINING AND SIMULATION MARKET REVENUE BY HARDWARE, 2014-2022 ($MILLION)
FIG. 11 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY SOFTWARE, 2014 & 2022 (%)
FIG. 12 WORLD VIRTUAL TRAINING AND SIMULATION MARKET REVENUE BY SOFTWARE, 2014-2022 ($MILLION)
FIG. 13 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014 & 2022 (%)
FIG. 14 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD DEFENCE AND SECURITY VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 15 WORLD DEFENCE AND SECURITY VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 16 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD CIVIL AVIATION VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 17 WORLD CIVIL AVIATION VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 18 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD EDUCATION VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 19 WORLD EDUCATION VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 20 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD E-LEARNING VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 21 WORLD E-LEARNING VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 22 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD GAME-BASED LEARNING VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 23 WORLD GAME-BASED LEARNING VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD ENTERTAINMNET VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 25 WORLD ENTERTAINMENT TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF OTHERS VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 27 WORLD OTHERS VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 28 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 29 COMPARATIVE MARKET SHARE ANALYSIS OF NORTH AMERICA VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014 & 2022 (%)
FIG. 30 NORTH AMERICA VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 31 U.S. VIRTUAL TRAINING AND SIMULATION MARKET, 2014-2022 ($MILLION)
FIG. 32 U.S. VIRTUAL TRAINING AND SIMULATION MARKET, 2014-2022 ($MILLION)
FIG. 33 U.S. VIRTUAL TRAINING AND SIMULATION MARKET, 2014-2022 ($MILLION)
FIG. 34 COMPARATIVE MARKET SHARE ANALYSIS OF EUROPE VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014 & 2022 (%)
FIG. 35 EUROPE VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 36 COMPARATIVE MARKET SHARE ANALYSIS OF ASIA-PACIFIC VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014 & 2022 (%)
FIG. 37 ASIA-PACIFIC VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 38 COMPARATIVE MARKET SHARE ANALYSIS OF LAMEA VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014 & 2022 (%)
FIG. 39 LAMEA VIRTUAL TRAINING AND SIMULATION MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 40 REVENUE OF CAE INC.: 2012-2016 ($MILLION)
FIG. 41 REVENUE OF CAE INC. BY GEOGRAPHY: 2016 (%)
FIG. 42 SALES OF CUBIC CORPORATION, 2012-2015 ($MILLION)
FIG. 43 SALES OF CUBIC CORPORATION BY BUSINESS SEGMENTS, 2015 (%)
FIG. 44 SALES OF CUBIC CORPORATION BY GEOGRAPHY, 2015 (%)
FIG. 45 REVENUE OF QINETIQ GROUP PLC, 2013-2016 ($MILLION)
FIG. 46 REVENUE OF QINETIQ GROUP PLC BY CUSTOMERS, 2016 (%)
FIG. 47 REVENUE OF QINETIQ GROUP PLC BY BUSINESS SEGMENTS, 2016 (%)
FIG. 48 REVENUE OF BAE SYSTEMS PLC, 2012-2015 ($MILLION)
FIG. 49 REVENUE OF BAE SYSTEMS PLC BY GEOGRAPHY, 2015 (%)
FIG. 50 REVENUE OF BAE SYSTEMS PLC BY ACTIVITY, 2015 (%)
FIG. 51 REVENUE OF KRATOS DEFENCE & SECURITY SOLUTIONS, INC., 2013-2015 ($MILLION)
FIG. 52 REVENUE OF KRATOS DEFENCE & SECURITY SOLUTIONS, INC. BY PRODUCTS AND SERVICES, 2015 (%)
FIG. 53 REVENUE OF KRATOS DEFENCE & SECURITY SOLUTIONS, INC. BY DOMAIN, 2015 (%)
FIG. 54 REVENUE OF ANSYS, INC., 2013-2015 ($MILLION)
FIG. 55 REVENUE OF ANSYS, INC. BY GEOGRAPHY, 2015 (%)
List of Tables
TABLE 1 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 2 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY HARDWARE, 2014-2022 ($MILLION)
TABLE 3 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY SOFTWARE, 2014-2022 ($MILLION)
TABLE 4 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 5 WORLD DEFENCE AND SECURITY VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD CIVIL AVIATION VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7 WORLD EDUCATION VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD EDUCATION VIRTUAL TRAINING AND SIMULATION MARKET BY SUB-SEGMENT, 2014-2022 ($MILLION)
TABLE 9 WORLD E-LEARNING VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 10 WORLD GAME-BASED LEARNING VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 WORLD ENTERTAINMENT VIRTUAL TRAINING AND SIMULATION MARKET, 2014-2022 ($MILLION)
TABLE 12 WORLD OTHERS (DIGITAL MANUFACTURING AND HEALTHCARE) VIRTUAL TRAINING AND SIMULATION MARKET, 2014-2022 ($MILLION)
TABLE 13 WORLD VIRTUAL TRAINING AND SIMULATION MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14 NORTH AMERICA VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENTS, 2014-2022 ($MILLION)
TABLE 15 NORTH AMERICA VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 16 NORTH AMERICA VIRTUAL TRAINING AND SIMULATION MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17 EUROPE VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 18 EUROPE VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 19 EUROPE VIRTUAL TRAINING AND SIMULATION MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 20 ASIA-PACIFIC VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 21 ASIA-PACIFIC VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 22 ASIA-PACIFIC VIRTUAL TRAINING AND SIMULATION MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 23 LAMEA VIRTUAL TRAINING AND SIMULATION MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 24 LAMEA VIRTUAL TRAINING AND SIMULATION MARKET BY END USER, 2014-2022 ($MILLION)
TABLE 25 LAMEA VIRTUAL TRAINING AND SIMULATION MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 26 CAE INC.COMPANY SNAPSHOT
TABLE 27 L-3 LINK SIMULATION & TRAININGCOMPANY SNAPSHOT
TABLE 28 CUBIC CORPORATIONCOMPANY SNAPSHOT
TABLE 29 ON24, INC.COMPANY SNAPSHOT
TABLE 30 QINETIQ GROUP PLC COMPANY SNAPSHOT
TABLE 31 BAE SYSTEMS PLCCOMPANY SNAPSHOT
TABLE 32 LAERDAL MEDICAL CORPORATIONCOMPANY SNAPSHOT
TABLE 33 KRATOS DEFENSE & SECURITY SOLUTIONS, INC.COMPANY SNAPSHOT
TABLE 34 THE DISTI CORPORATIONCOMPANY SNAPSHOT
TABLE 35 ANSYS, INC.COMPANY SNAPSHOT
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