/PRNewswire/ The "Global Virtual Training and Simulation Market 2020-2027 by Component (Hardware, Software), Product Type (Conventional, VR), End User.
Past replacement efforts haven’t exactly been met with positive results.
Here s What You Need to Know: The Bradley Fighting Vehicle remains a critical component in the U.S. Army.
While the U.S. Army is continuing to seek a replacement for the Cold War Bradley Fighting Vehicle (BFV), the past efforts with the optionally manned fighting vehicle (OMFV) program haven’t exactly been met with positive results. In the meantime, the M2 Bradley the fighting platform no one really wanted or really needed continues to live on.
The latest variant, the M2A4 has been undergoing testing at the facilities of the 3rd Cavalry Regiment of the 1st Cavalry Division of the U.S. Army at Fort Hood, Texas. The U.S. Army Operation Test Command has been conducting exercises with the upgraded Bradley, which features a new 8-cylinder Cummins VTA903E-T675 diesel engine with a capacity of 675 horsepower; and a new HMPT-800-3ECB hydraulic transmission. These improvements will allow the fighting vehic
by Component (Hardware and Software) and End User (Defense & Security, Civil Aviation, Education, Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global virtual training and simulation industry generated $204.41 billion in 2019, and is estimated to reach $601.85 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.
Prime determinants of growth:
Increase in awareness about virtual training and simulation, cost-effective benefits of virtual training and simulation solutions, and rise in defense, healthcare, and education expenditure drive the growth of the global virtual training and simulation market. However, resistance to adopt the virtual training and simulation technology restrains the market growth. On the other hand, advancements in technology and scope for improvements in other industries would create new opportunities in the coming years.