Report Scope & Overview:
Live Laser-Based Training and Simulation Platforms Market Size was valued at USD 0.9 billion in 2021 and US$ 0.96 billion in 2022, expected to reach USD 1.50 billion by 2028, and grow at a CAGR of 6.9% over the forecast period 2022-2028.
Live laser-based training market and simulation platforms provide training programs and services for the armed forces and security forces around the world. Live laser-based training and simulation scenarios help give recruits the opportunity to become familiar with multiple weapons in order to operate in real conditions successfully. These types of training help trainees build a high level of physical activity in a safe environment, focusing on preparing recruits.
The growth of the market for live laser-based training platforms is due to the growing demand for live training and the increase in political and social conflicts around the world. However, issues related to the incorporation of laser-based technology into in-house training programs and the lack of realities in live laser-based training are expected to hamper market growth. In contrast, the rising cost of emerging economic protection is expected to provide significant market growth opportunities for laser-based training and simulation platforms.
There is a growing need for live training.
Increasing Political Conflicts and Civil Unrest Throughout the World
INTRODUCTION OF LASER-BASED TECHNOLOGIES INTO AN INDOOR TRAINING SYSTEM
LACK OF REALITY IN LIVE LASER TRAINING AND SIMULATION
DEFENSE EXPENDITURES IN EMERGING ECONOMIES ARE INCREASING
THE IMPACT OF COVID-19
According to the MRFR, the current speculation of global laser-based live market growth and simulation platforms until 2026 is expected to be lower than pre-COVID-19 estimates. Many governments around the world are focused on controlling the COVID-19 outbreak in their countries. Therefore, they invest heavily in health care and vaccine development. Therefore, the cost of R&D protection is expected to decrease slightly over the next few years. Protection costs are expected to increase gradually during the forecast period after the end of the epidemic.
However, the growing demand for laser-based training and the escalation of political instability and social unrest are expected to further the market if the global economy recovers. Therefore, the global market for laser-based training and simulation platforms is expected to grow at low rates by 2020 and 2021; from 2022, it will grow slowly.
The global market for live laser-based training and simulation platforms has been classified into body equipment, weapon equipment, building equipment, vehicle equipment, and others. The segment of vehicle equipment dominated and is predicted to grow at a faster rate throughout the projection period. Monitoring and evaluating simulated vehicle exercises allows each vehicle and crew unit to have complete situational knowledge of the training system activities. Vehicle equipment is attached to mechanized and armoured vehicles, allowing for communication across a vast training field while also ensuring connectivity among soldier and vehicle participants. To assess threat and analyse ballistics data, laser detectors, laser transmitters, and status indicators are attached.
MARKET KEY PLAYER
RUAG Group, Raytheon Technologies Corporation, Inter-Coastal Electronics Inc., Cubic, Lockheed Martin Corporation, Saab AB, ZelTech, Rheinmetall AG, Saab, Thales Group, and other players.
The market for live laser-based training and simulation platforms in North America has been divided into two parts: the United States and Canada. Because of the growing need for simulation-based training, North America dominated the global market for live laser-based training and simulation systems. Future Integrated Training Environment, developed by the Canadian Army Doctrine and Training Centre, is a working idea for how the Army aims to harness existing and upcoming modelling and simulation technology to establish a framework for live, virtual, and constructive training. The FITE team has been circulating the concept and receiving comments for the establishment of standards through a multinational working group called as Modelling, Instrumentation, and Simulation for Training Systems under the ABCANZ framework.
Due to the increasing number of combat soldiers, military vehicles, and joint training exercises by military personnel, Asia-Pacific is predicted to grow at a promising rate during the projection period. The Asia-Pacific region is divided into China, India, Japan, South Korea, and the rest of Asia. It ranks third in the market for live laser-based training and simulation platforms. Military departments in Asia-Pacific countries are aiming to secure long-term training contracts with corporations. For example, the Australian Minister for Defense Industry granted a contract to In Veris Training Solutions (Georgia, US) to produce 14 simulators. It will supply and maintain a fully automated Mobile Weapons Training Simulation System.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 0.9 Billion|
|Market Size by 2028||US$ 1.50 Billion|
|CAGR||CAGR of 6.9% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Application (Body Equipment, Weapon Equipment, Building Equipment, Vehicle Equipment, and Others)|
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||RUAG Group, Raytheon Technologies Corporation, Inter-Coastal Electronics Inc., Cubic, Lockheed Martin Corporation, Saab AB, ZelTech, Rheinmetall AG, Saab, Thales Group, and other players.|
|DRIVERS||• There is a growing need for live training.
• Increasing Political Conflicts and Civil Unrest Throughout the World
|RESTRAINTS||• INTRODUCTION OF LASER-BASED TECHNOLOGIES INTO AN INDOOR TRAINING SYSTEM
• LACK OF REALITY IN LIVE LASER TRAINING AND SIMULATION
The market size for the Live Laser-Based Training and Simulation Platforms Market was valued at USD 0.96 billion in 2022.
The expected CAGR of the Live Laser-Based Training and Simulation Platforms Market is 6.9% during the forecast period 2023-2030.
The leading players in the Live Laser-Based Training and Simulation Platforms Market include RUAG Group, Raytheon Technologies Corporation, Inter-Coastal Electronics Inc., Cubic, Lockheed Martin Corporation, Saab AB, ZelTech, Rheinmetall AG, Saab, Thales Group.
North America region dominated the Live Laser-Based Training and Simulation Platforms Market.
The growth of the market for live laser-based training and Simulation platforms is attributed to the growing demand for live training and the increase in political and social conflicts around the world.
Table of Content:
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Live Laser-Based Training and Simulation Platforms Market, by Application
8.1 Body Equipment
8.2 Weapon Equipment
8.3 Building Equipment
8.4 Vehicle Equipment
9. Regional Analysis
9.2 North America
9.3.6 The Netherlands
9.3.7 Rest of Europe
9.4.2 South Korea
9.4.6 Rest of Asia-Pacific
9.5 The Middle East & Africa
9.5.3 South Africa
9.6 Latin America
9.6.3 Rest of Latin America
10.1 RUAG Group
10.1.2 Products/ Services Offered
10.1.3 SWOT Analysis
10.1.4 The SNS view
10.2 Raytheon Technologies Corporation
10.3 Inter-Coastal Electronics Inc.
10.5 Lockheed Martin Corporation
10.6 Saab AB
10.8 Rheinmetall AG
10.10 Thales Group
11. Competitive Landscape
11.1 Competitive Benchmarking
11.2 Market Share analysis
11.3 Recent Developments
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