What is Virtual Training and Simulation?
The virtual training and simulation is the combination where training is conducted in a virtual or simulated environment when the learner or the trainee and the instructor are in separate locations. Virtual training can be done synchronously or asynchronously, it gives the traditional classroom or learning experience. The simulation helps learners to believe that the settings are real and they can act or respond to it by making mistakes and actually doing no harm or wastage leading to the real-time learning experience. This technology is widely used in various industries including education, healthcare, military for training students, medical trainees, and military troops respectively. Currently, virtual training and simulation are being used in training nursing students for clinical learning in the wake of COVID-19.
The market study is broken down, by Application (Virtual Schools, Institutes, Hospitals and Others) and major geographies with country level break-up.
CAE Inc (Canada), The DiSTI Corporation (United States), Oxford Medical Simulation (United States), SimforHealth (MediActiv) (France), Elbit Systems Ltd., (Israel), VirtaMed AG (Switzerland), Mursion Inc. (United States), Kratos Defense & Security Solutions, Inc. (United States), Cubic Corporation (United States) and Virtro (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are PaleBlue (United States), RUAG Group (Switzerland), Program-Ace (Ukraine) and Simlabs Software LLP (India).
AdvanceMarketAnalytics has segmented the market of Global Virtual Training and Simulation market by Type, Application and Region.
On the basis of geography, the market of Virtual Training and Simulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Virtual Training and Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Computer will boost the Virtual Training and Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Healthcare Industry will boost the Virtual Training and Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 18th Feb 2020, PaleBlue and European Space Agency (ESA) launched a virtual reality training project as an agreement. PaleBlue started developing a VR training simulator for astronaut training in Zero Gravity. Within this project, the International Space Station (ISS) is reproduced as a virtual 3D model, where groups of astronauts use VR to perform simultaneous training. This project will allow PaleBlue and ESA to visualize navigation inside the ISS in Zero-G conditions. The project contains cutting-edge research and development. PaleBlue has been selected for this project based on the unique capabilities of the company’s Simulation Platform, allowing for collaborative training in VR, where participants can connect from around the world to the same simulation scene.
On 18th January 2020, In advance of the International Meeting on Simulation in Healthcare, CAE Healthcare has released CAE Vimedix 3.0, its updated ultrasound simulator with a new user interface that includes 3-D/4-D cardiac ultrasound for advanced assessment and diagnosis in preparation for ultrasound-guided interventions. and On 17th January 2020, CAE Healthcare announced the release of its first training applications for Microsoft HoloLens 2, which will integrate holographically, modeled physiology into its patient simulators. The mixed reality applications will accelerate learning by displaying 3D, interactive cardiac, respiratory, and circulatory systems that will allow learners to envision human anatomy.
- Rising Use of Virtual Training and Simulation in Medicine and Healthcare Industry
- Demand for Virtual Training and Simulation in Manufacturing Industry for Precise Designing and Production of the Product
- The Demand for Engaging, Appealing and Immersive Technology
- Growing Demand for the Virtual Environment that Mimics Real-life Use in Various Industry
- Growing Spendings of Various Industries in Virtual Training and Simulation
- Surging Demand for Virtual Training and Simulation in Military and Defense
- High-Cost Investment in Virtual Training and Simulation Settings and Products
- Stringent Regulatory Compliance with Virtual Training and Simulation
Key Target AudienceVirtual Training and Simulation Providers, Virtual Training and Simulation Institutes, Research and Development Institutes, Industry Associations, Financial Investors and Venture Capital, Regulatory Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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