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Global Live Fire Training System Market

Global Live Fire Training System Market

  • January 2020
  • 169 pages
  • ID: 6003954
  • Format: PDF
  • Straits Research

Summary

Table of Contents

A Live Fire Training System is a military exercise in which a realistic scenario is demonstrated for the use of specific equipment. The live fire training system tests weapons or weapon systems associated with the various branches of a nation’s armed forces, as well as the civilian arena. Live-fire training exercises are used as an opportunity by the armed services to use real ammunition in a realistically created combat situation. The areas in which these tests are conducted are devoid of people to avoid casualties, and are usually owned by the government. Most live-fire tests are conducted either against derelict equipment, such as tanks and ships, or against remotely controlled drones.

The increasing demand for intense realistic combat training systems, and demand for small firearms, medium artillery, tanks, unmanned helicopters, drones, and ships is significantly driving the global live fire training system market growth during the forecast period. Military forces are employing live fire training equipment and exercises for combat on land, and marine forces employ these for familiarity with amphibious assault vehicles. Naval and air forces are conducting similar training exercises by firing anti-ship missiles and torpedoes and bombing unmanned aerial vehicles. Simulation software solutions equipped with various technologies and systems that replicate real-life techniques and procedures are helping soldiers shoot confidently, quickly, and accurately. Large-scale simulators adopting by training departments owing to their accuracy and real-time location of objects is anticipated to drive the growth of next-generation live fire training system.

Market Trends in Live Fire Training System

Global Live Fire Training System market by Simulation Software segment is expected to grow at a CAGR of 7.81% during the forecast period (2020–2027).

Intended Audience

Suppliers / Potential Investors

Traders, Distributors

Wholesalers

Importers and Exporters

Association

Government bodies

Segmental Insights

The global live fire training system market is segmented by offering, deployment and end user.

On the basis of the offering, the market is segmented into System Types, Simulation Software, and Services. System Types segment of the global Live Fire Training System market is expected to hold the largest market share during the forecast period.

On the basis of the deployment, the market is segmented into indoor, and outdoor. The indoor segment is expected to grow at a high CAGR during the forecast period as they offer shelter from inclement weather conditions and can be operated under a controlled environment.

On the basis of the end user, the market is segmented into Military and Defense, Law Enforcement Agencies, Public Safety Agencies, and Others. Law Enforcement Agencies segment of the global Live Fire Training System market is expected to hold the largest market share during the forecast period.

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Regional Analysis

Geographically, the global Live Fire Training System market is segmented into North America, Europe, Asia Pacific, and the South America and the Middle East & Africa (SAMEA).

North America is expected to hold the largest share in the global live fire training market during the forecast period owing to the investments in state-of-the-art virtual firearm training and simulations, adoption of specially designed solutions to provide an alternative, affordable, and highly realistic training solution, and a wide range of military and law enforcements.

Europe’s live fire training system market is expected to grow at a significant CAGR owing to the increasingly higher-end mix of technologically advanced products and services in the military training departments. U.K. is anticipated to rise in innovation in areas such as synthetic training, cost-effective readiness and addressing challenges. Other countries in the region are also pushing innovation to a higher level for the digitization of the battlefield.

Rise in a fully interactive, 3D shooting training system to offer a premium synthetic environment for a wide range of military training is anticipated to propel the Asia Pacific live fire training system market during the forecast period. Rapid technological advancement in various countries of the region such as China, Japan, and India is also boosting the market growth in the region.

South America’s live fire training system market is expected to witness a significant growth during the forecast period. Advancements in the military sector in many of the South American countries authority is expected to boost market growth.

Middle East and Africa is expected to grow at the fastest rate during the forecast period. This is attributed to the growing circumstances of terrorism and unrest in the Middle East and Africa region, resulting in a higher necessity of training defense and security personnel which will result in the fastest market growth of this region.

Key Players

Key players in the global Live Fire Training System Market include Drägerwerk AG & Co. KGaA, SAAB, InVeris Training Solutions, Theissen Training Systems GmbH, RUAG Group, Cubic Corporation, SmokeShield Pty Ltd, Fireblast Global, Strategic Operations, Inc., and QinetiQ among others.

Live Fire Training System Market Segmentation

Offering

System Types

Simulation Software

Services

Deployment

Indoor

Outdoor

End User

Military and Defense

Law Enforcement Agencies

Public Safety Agencies

Others

By Geography

North America

Europe

Asia Pacific

SAMEA

Why buy this report?

In our report, we have covered the latest market related technological trends, factors impacting the development, and competencies and capacities of the key companies in terms of production as well as sustainability and prospects. Moreover, following sections are specifically covered in the report.

Definitive Market Data

LIVE FIRE TRAINING SYSTEM Analysis

Competitive Analysis

Recent Opportunities in the Market

6-7-year performance forecasts: major segments covering applications and types, and geographies

Market Share Analysis

Technology Assessment

Potential Venture Avenues

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