The latest update of “Global Live Laser Based Training and Simulation Platforms Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Live Laser Based Training and Simulation Platforms Market.
Overview of the Live Laser Based Training and Simulation Platforms Market:
A large number of military departments worldwide are implementing laser-based training systems. The US military and other armed forces currently use an instrumented multiple-integrated laser engagement system (MILES) to simulate actual battle scenarios. The system enables individual soldiers to carry small sensors to detect illumination. The system uses a digital readout to replicate the effective range of a weapon and allows medics to determine how best to administer first aid. Simulation training is a powerful tool to help organizations train troops before they encounter a real-world situation. In a virtual world, instructors and learners interact in a virtual, safe environment. The training simulation also enhances learning, builds eye-hand coordination and ambidextrous maneuvers, and prepares employees for real-life situations.
Market Drivers:
Growing demand for live training, owing to increasing deaths of armed forces personnel during training is expected to boost growth of the global live laser-based training and simulation platforms market over the forecast period. In March 2021, the Ministry of Defense, U.K. published a survey, Training and Exercise death in the UK armed forces from January 2000 to February 2021, according to which 6% that is 482 of Royal Navy personnel died during this period whilst on training or exercise.
Moreover, rise in political disputes and civil unrest across all over the world is also expected to propel growth of the global live laser-based training and simulation platforms market over the forecast period.
Market Restraints:
Lack of realism and problems regarding incorporating laser-based technologies into indoor training systems is projected to hamper growth of the global live laser-based training and simulation platforms market during the forecast period.
Regional Insights:
Among regions, North America is anticipated to witness substantial growth in the global live laser-based training and simulation platforms market over the forecast period. This is attributed to rise in the demand for simulation-based training in countries like the USA. Furthermore, Asia-Pacific is also expected to witness strong growth in the market due to rise in the number of combat troops, joint training exercises by military personnel and increasing military vehicles.
Competitive Section:
Major competitors working in the global live laser-based training and simulation platforms market include Rheinmetall AG, Cubic, ZelTech, Lockheed Martin Corporation, Inter-Coastal Electronics Inc., Saab AB, Raytheon Technologies Corporation, and RUAG Group.
In September 2021, the U.S. Army awarded an agreement to Amentum for developing a prototype of its Synthetic Training Environment (STE) Live Training System (LTS) Force-on-Force solution (FoF) using the Training and Readiness Accelerator (TReX) consortium.
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Live Laser Based Training and Simulation Platforms Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Live Laser Based Training and Simulation Platforms Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Cubic (US)
- Lockheed Martin Corporation (US)
- Saab AB(Sweden)
- RUAG Group (Switzerland)
- Raytheon Technologies Corporation(US)
- Inter-Coastal Electronics Inc. (US)
- ZelTech(US)
- Rheinmetall AG(Germany)
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Live Laser Based Training and Simulation Platforms Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Body Equipment
- Weapon Equipment
- Building Equipment
- Vehicle Equipment
- Others
By Applications, the market is segmented into:
- Body Equipment
- Weapon Equipment
- Building Equipment
- Vehicle Equipment
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Live Laser Based Training and Simulation Platforms Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Live Laser Based Training and Simulation Platforms Market Share by Application: 2021 VS 2028
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Live Laser Based Training and Simulation Platforms Market
1.6.1 How the Covid-19 is Affecting the Live Laser Based Training and Simulation Platforms Market
1.6.1.1 Live Laser Based Training and Simulation Platforms Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Live Laser Based Training and Simulation Platforms Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Live Laser Based Training and Simulation Platforms Market Perspective (2015-2028)
2.2 Live Laser Based Training and Simulation Platforms Market Growth Trends by Regions
2.2.1 Live Laser Based Training and Simulation Platforms Market Size by Regions: 2015 VS 2021 VS 2028
2.2.2 Live Laser Based Training and Simulation Platforms Market Historic Market Share by Regions (2015-2021)
2.2.3 Live Laser Based Training and Simulation Platforms Market Forecasted Market Size by Regions (2021-2028)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Live Laser Based Training and Simulation Platforms Market Growth Strategy
2.3.6 Primary Interviews with Key Live Laser Based Training and Simulation Platforms Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Live Laser Based Training and Simulation Platforms Market Players by Market Size
3.1.1 Global Top Live Laser Based Training and Simulation Platforms Market Players by Revenue (2015-2021)
3.1.2 Global Live Laser Based Training and Simulation Platforms Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Live Laser Based Training and Simulation Platforms Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Live Laser Based Training and Simulation Platforms Market Concentration Ratio
3.2.1 Global Live Laser Based Training and Simulation Platforms Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Live Laser Based Training and Simulation Platforms Market Revenue in 2019
3.3 Live Laser Based Training and Simulation Platforms Market Key Players Head office and Area Served
3.4 Key Players Live Laser Based Training and Simulation Platforms Market Product Solution and Service
3.5 Date of entering into Live Laser Based Training and Simulation Platforms Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2028)
4.1 Global Live Laser Based Training and Simulation Platforms Market Historic Market Size by Type (2015-2021)
4.2 Global Live Laser Based Training and Simulation Platforms Market Forecasted Market Size by Type (2021-2028)
5 Live Laser Based Training and Simulation Platforms Market Breakdown Data by Application (2015-2028)
5.1 Global Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
5.2 Global Live Laser Based Training and Simulation Platforms Market Forecasted Market Size by Application (2021-2028)
6 North America
6.1 North America Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
6.2 Live Laser Based Training and Simulation Platforms Market Key Players in North America (2019-2021)
6.3 North America Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
6.4 North America Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
7 Europe
7.1 Europe Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
7.2 Live Laser Based Training and Simulation Platforms Market Key Players in Europe (2019-2021)
7.3 Europe Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
7.4 Europe Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
8 China
8.1 China Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
8.2 Live Laser Based Training and Simulation Platforms Market Key Players in China (2019-2021)
8.3 China Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
8.4 China Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
9 Japan
9.1 Japan Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
9.2 Live Laser Based Training and Simulation Platforms Market Key Players in Japan (2019-2021)
9.3 Japan Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
9.4 Japan Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
10.2 Live Laser Based Training and Simulation Platforms Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
10.4 Southeast Asia Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
11 India
11.1 India Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
11.2 Live Laser Based Training and Simulation Platforms Market Key Players in India (2019-2021)
11.3 India Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
11.4 India Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Live Laser Based Training and Simulation Platforms Market Size (2015-2021)
12.2 Live Laser Based Training and Simulation Platforms Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021)
12.4 Central & South America Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Live Laser Based Training and Simulation Platforms Market Introduction
13.4 Live Laser Based Training and Simulation Platforms Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Live Laser Based Training and Simulation Platforms Market Key Market Segments
Table 2. Key Players Covered: Ranking by Live Laser Based Training and Simulation Platforms Market Revenue
Table 3. Ranking of Global Top Live Laser Based Training and Simulation Platforms Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Live Laser Based Training and Simulation Platforms Market Size Growth Rate by Type (US$ Million): 2021 VS 2028
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Live Laser Based Training and Simulation Platforms Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Live Laser Based Training and Simulation Platforms Market Players to Combat Covid-19 Impact
Table 10. Global Live Laser Based Training and Simulation Platforms Market Size Growth by Application (US$ Million): 2021 VS 2028
Table 11. Global Live Laser Based Training and Simulation Platforms Market Size by Regions (US$ Million): 2021 VS 2028
Table 12. Global Live Laser Based Training and Simulation Platforms Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Live Laser Based Training and Simulation Platforms Market Share by Regions (2015-2021)
Table 14. Global Live Laser Based Training and Simulation Platforms Market Forecasted Market Size by Regions (2021-2028) (US$ Million)
Table 15. Global Live Laser Based Training and Simulation Platforms Market Share by Regions (2021-2028)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Live Laser Based Training and Simulation Platforms Market Growth Strategy
Table 20. Main Points Interviewed from Key Live Laser Based Training and Simulation Platforms Market Players
Table 21. Global Live Laser Based Training and Simulation Platforms Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Live Laser Based Training and Simulation Platforms Market Share by Players (2015-2021)
Table 23. Global Top Live Laser Based Training and Simulation Platforms Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Live Laser Based Training and Simulation Platforms Market as of 2019)
Table 24. Global Live Laser Based Training and Simulation Platforms Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Live Laser Based Training and Simulation Platforms Market Product Solution and Service
Table 27. Date of entering into Live Laser Based Training and Simulation Platforms Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 30. Global Live Laser Based Training and Simulation Platforms Market Size Share by Type (2015-2021)
Table 31. Global Live Laser Based Training and Simulation Platforms Market Revenue Market Share by Type (2021-2028)
Table 31. Global Live Laser Based Training and Simulation Platforms Market Size Share by Application (2015-2021)
Table 33. Global Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 34. Global Live Laser Based Training and Simulation Platforms Market Size Share by Application (2021-2028)
Table 35. North America Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 37. North America Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 38. North America Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 39. North America Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 40. North America Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 41. Europe Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 43. Europe Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 45. Europe Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 47. China Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 49. China Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 50. China Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 51. China Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 52. China Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 53. Japan Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 55. Japan Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 57. Japan Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 61. Southeast Asia Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 63. Southeast Asia Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 65. India Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 67. India Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 68. India Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 69. India Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 70. India Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Live Laser Based Training and Simulation Platforms Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Live Laser Based Training and Simulation Platforms Market Share (2019-2021)
Table 73. Central & South America Live Laser Based Training and Simulation Platforms Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Live Laser Based Training and Simulation Platforms Market Share by Type (2015-2021)
Table 75. Central & South America Live Laser Based Training and Simulation Platforms Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Live Laser Based Training and Simulation Platforms Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Live Laser Based Training and Simulation Platforms Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Live Laser Based Training and Simulation Platforms Market Share by Type: 2021 VS 2028
Figure 2. Global Live Laser Based Training and Simulation Platforms Market Share by Application: 2021 VS 2028
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Live Laser Based Training and Simulation Platforms Market Report Years Considered
Figure 8. Global Live Laser Based Training and Simulation Platforms Market Size YoY Growth 2015-2028 (US$ Million)
Figure 9. Global Live Laser Based Training and Simulation Platforms Market Share by Regions: 2021 VS 2028
Figure 10. Global Live Laser Based Training and Simulation Platforms Market Share by Regions (2021-2028)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Live Laser Based Training and Simulation Platforms Market Share by Players in 2019
Figure 13. Global Top Live Laser Based Training and Simulation Platforms Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Live Laser Based Training and Simulation Platforms Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Live Laser Based Training and Simulation Platforms Market Revenue in 2019
Figure 15. North America Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Live Laser Based Training and Simulation Platforms Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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