Europe Virtual Training & Simulation Market Size, Share & Trends Analysis Report By Component (Hardware and Software), By End User, By Offering (Solutions and Services), By Country and Growth Forecast, 2024 - 2031

The Europe Virtual Training & Simulation Market would witness market growth of 12.3% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Virtual Training & Simulation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $67,701.5 Million by 2031. The UK market is exhibiting a CAGR of 11.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 13.6% during (2024 - 2031).

In healthcare, these technologies train medical professionals in clinical procedures, patient care, and surgical techniques. VR-based simulators offer a safe environment for students and professionals to repeatedly practice surgeries or medical procedures, ensuring they are proficient before handling live patients.

They are used in manufacturing to train employees in operating complex machinery and manufacturing processes. Simulations help employees learn to operate industrial machines, robots, and other production equipment in a virtual environment before working with actual equipment, minimizing the risk of errors and accidents.

This market is poised for substantial growth, driven by technological advancements and increased demand for immersive training solutions. In Europe, the aerospace and space industries in France and the United Kingdom are major contributors to this trend. According to the International Trade Administration, the French civil aerospace industry recorded a modest revenue gain in 2021, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. Hence, the rising aerospace and space industries in France and the UK are poised to drive significant advancements in the Virtual Training & Simulation market.

Free Valuable Insights: The Global Virtual Training & Simulation Market will Hit USD 1.1 Trillion by 2031, at a CAGR of 12.7%

Based on Component, the market is segmented into Hardware and Software. Based on End User, the market is segmented into Defense & Security, Civil Aviation, Education, Entertainment, and Other End User. Based on Offering, the market is segmented into Solutions and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• CAE Inc.
• L3Harris Technologies, Inc.
• Lockheed Martin Corporation
• BAE Systems PLC
• RTX Corporation
• ON24, Inc.
• QinetiQ Group PLC (The Carlyle Group)
• ANSYS, Inc.
• Kratos Defense & Security Solutions, Inc.
• The DiSTI Corporation

Europe Virtual Training & Simulation Market Report Segmentation

By Component

• Hardware
• Software

By End User

• Defense & Security
• Civil Aviation
• Education
• Entertainment
• Other End User

By Offering

• Solutions
• Services

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Virtual Training & Simulation Market, by Component
1.4.2 Europe Virtual Training & Simulation Market, by End User
1.4.3 Europe Virtual Training & Simulation Market, by Offering
1.4.4 Europe Virtual Training & Simulation Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Nov – 2024, Oct) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. Europe Virtual Training & Simulation Market by Component
5.1 Europe Hardware Market by Country
5.2 Europe Software Market by Country

Chapter 6. Europe Virtual Training & Simulation Market by End User
6.1 Europe Defense & Security Market by Country
6.2 Europe Civil Aviation Market by Country
6.3 Europe Education Market by Country
6.4 Europe Entertainment Market by Country
6.5 Europe Other End User Market by Country

Chapter 7. Europe Virtual Training & Simulation Market by Offering
7.1 Europe Solutions Market by Country
7.2 Europe Services Market by Country

Chapter 8. Europe Virtual Training & Simulation Market by Country
8.1 Germany Virtual Training & Simulation Market
8.1.1 Germany Virtual Training & Simulation Market by Component
8.1.2 Germany Virtual Training & Simulation Market by End User
8.1.3 Germany Virtual Training & Simulation Market by Offering
8.2 UK Virtual Training & Simulation Market
8.2.1 UK Virtual Training & Simulation Market by Component
8.2.2 UK Virtual Training & Simulation Market by End User
8.2.3 UK Virtual Training & Simulation Market by Offering
8.3 France Virtual Training & Simulation Market
8.3.1 France Virtual Training & Simulation Market by Component
8.3.2 France Virtual Training & Simulation Market by End User
8.3.3 France Virtual Training & Simulation Market by Offering
8.4 Russia Virtual Training & Simulation Market
8.4.1 Russia Virtual Training & Simulation Market by Component
8.4.2 Russia Virtual Training & Simulation Market by End User
8.4.3 Russia Virtual Training & Simulation Market by Offering
8.5 Spain Virtual Training & Simulation Market
8.5.1 Spain Virtual Training & Simulation Market by Component
8.5.2 Spain Virtual Training & Simulation Market by End User
8.5.3 Spain Virtual Training & Simulation Market by Offering
8.6 Italy Virtual Training & Simulation Market
8.6.1 Italy Virtual Training & Simulation Market by Component
8.6.2 Italy Virtual Training & Simulation Market by End User
8.6.3 Italy Virtual Training & Simulation Market by Offering
8.7 Rest of Europe Virtual Training & Simulation Market
8.7.1 Rest of Europe Virtual Training & Simulation Market by Component
8.7.2 Rest of Europe Virtual Training & Simulation Market by End User
8.7.3 Rest of Europe Virtual Training & Simulation Market by Offering

Chapter 9. Company Profiles
9.1 CAE Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 L3Harris Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Product Launches and Product Expansions:
9.2.5 SWOT Analysis
9.3 Lockheed Martin Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 BAE Systems PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 RTX Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 ON24, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.7 QinetiQ Group PLC (The Carlyle Group)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research and Development Expense
9.8 ANSYS, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Kratos Defense & Security Solutions, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. The DiSTI Corporation
9.10.1 Company Overview

TABLE 1 Europe Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 2 Europe Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Virtual Training & Simulation Market
TABLE 4 Product Launches And Product Expansions– Virtual Training & Simulation Market
TABLE 5 Acquisition and Mergers– Virtual Training & Simulation Market
TABLE 6 Europe Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 7 Europe Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 8 Europe Hardware Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Hardware Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 13 Europe Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 14 Europe Defense & Security Market by Country, 2020 - 2023, USD Million
TABLE 15 Europe Defense & Security Market by Country, 2024 - 2031, USD Million
TABLE 16 Europe Civil Aviation Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Civil Aviation Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Education Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Education Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Other End User Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Other End User Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 25 Europe Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 26 Europe Solutions Market by Country, 2020 - 2023, USD Million
TABLE 27 Europe Solutions Market by Country, 2024 - 2031, USD Million
TABLE 28 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe Virtual Training & Simulation Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe Virtual Training & Simulation Market by Country, 2024 - 2031, USD Million
TABLE 32 Germany Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 33 Germany Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 34 Germany Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 35 Germany Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 36 Germany Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 37 Germany Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 38 Germany Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 39 Germany Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 40 UK Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 41 UK Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 42 UK Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 43 UK Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 44 UK Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 45 UK Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 46 UK Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 47 UK Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 48 France Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 49 France Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 50 France Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 51 France Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 52 France Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 53 France Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 54 France Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 55 France Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 56 Russia Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 57 Russia Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 58 Russia Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 59 Russia Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 60 Russia Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 61 Russia Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 62 Russia Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 63 Russia Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 64 Spain Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 65 Spain Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 66 Spain Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 67 Spain Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 68 Spain Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 69 Spain Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 70 Spain Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 71 Spain Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 72 Italy Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 73 Italy Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 74 Italy Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 75 Italy Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 76 Italy Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 77 Italy Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 78 Italy Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 79 Italy Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 80 Rest of Europe Virtual Training & Simulation Market, 2020 - 2023, USD Million
TABLE 81 Rest of Europe Virtual Training & Simulation Market, 2024 - 2031, USD Million
TABLE 82 Rest of Europe Virtual Training & Simulation Market by Component, 2020 - 2023, USD Million
TABLE 83 Rest of Europe Virtual Training & Simulation Market by Component, 2024 - 2031, USD Million
TABLE 84 Rest of Europe Virtual Training & Simulation Market by End User, 2020 - 2023, USD Million
TABLE 85 Rest of Europe Virtual Training & Simulation Market by End User, 2024 - 2031, USD Million
TABLE 86 Rest of Europe Virtual Training & Simulation Market by Offering, 2020 - 2023, USD Million
TABLE 87 Rest of Europe Virtual Training & Simulation Market by Offering, 2024 - 2031, USD Million
TABLE 88 Key Information – CAE Inc.
TABLE 89 Key information – L3Harris Technologies, Inc.
TABLE 90 Key Information – Lockheed Martin Corporation
TABLE 91 Key Information – BAE Systems PLC
TABLE 92 Key Information – RTX Corporation
TABLE 93 Key Information – ON24, Inc.
TABLE 94 Key Information – QinetiQ Group PLC
TABLE 95 Key Information – ANSYS, Inc.
TABLE 96 Key Information – Kratos Defense & Security Solutions, Inc.
TABLE 97 Key Information – The DiSTI Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Virtual Training & Simulation Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Virtual Training & Simulation Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Product Launches and Product Expansions: 2021, Nov – 2024, Oct) Leading Players
FIG 8 Porter’s Five Forces Analysis – Virtual Training & Simulation Market
FIG 9 Europe Virtual Training & Simulation Market share by Component, 2023
FIG 10 Europe Virtual Training & Simulation Market share by Component, 2031
FIG 11 Europe Virtual Training & Simulation Market by Component, 2020 - 2031, USD Million
FIG 12 Europe Virtual Training & Simulation Market share by End User, 2023
FIG 13 Europe Virtual Training & Simulation Market share by End User, 2031
FIG 14 Europe Virtual Training & Simulation Market by End User, 2020 - 2031, USD Million
FIG 15 Europe Virtual Training & Simulation Market share by Offering, 2023
FIG 16 Europe Virtual Training & Simulation Market share by Offering, 2031
FIG 17 Europe Virtual Training & Simulation Market by Offering, 2020 - 2031, USD Million
FIG 18 Europe Virtual Training & Simulation Market share by Country, 2023
FIG 19 Europe Virtual Training & Simulation Market share by Country, 2031
FIG 20 Europe Virtual Training & Simulation Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: CAE Inc.
FIG 22 SWOT Analysis: L3Harris Technologies, Inc.
FIG 23 Recent strategies and developments: Lockheed Martin Corporation
FIG 24 SWOT Analysis: Lockheed Martin Corporation
FIG 25 Recent strategies and developments: BAE SYSTEMS PLC
FIG 26 SWOT Analysis: BAE SYSTEMS PLC
FIG 27 SWOT Analysis: RTX Corporation
FIG 28 Recent strategies and developments: ANSYS, Inc.
FIG 29 SWOT analysis: ANSYS, Inc.