Analysis of the Global Military Training & Simulation Market

Jan 12, 2016, 16:24 ET from Reportlinker

NEW YORK, Jan. 12, 2016 /PRNewswire/ -- Achieving Combat Readiness for Asymmetric and Conventional Warfare

The analysis of the global military training and simulation market is broken down into four end-user segments: air, land, naval, and joint. Accessible revenues are analyzed by region (Africa, Asia-Pacific, Central Asia, Europe, Latin America, Middle-East, and North America), training equipment, and training services. This study covers 85 countries. Revenues for training equipment are further broken down by training equipment types: simulators, computer-based training, augmented training, and services. From a competitive perspective, leading systems OEMs are being assessed through their estimated revenues from military training and simulation only and/or installed equipment. The forecast period is 2015–2023, with 2014 as the base year.

Key Findings
- The global military training and simulation market generated revenue opportunities up to $ billion in 2014, and is expected to offer stable revenues during 2014–2023.
o A slow decline is observed due to the impact of the sequestration on the US Department of Defense (DoD) budget enacted in early 2013 and a similar budget reduction within NATO countries.
o Rising threats across Europe and ongoing deployments in the Middle East and Africa are, however, mitigating such market decline, ensuring high combat readiness. As a result, the global military training and simulation market will witness a very flat growth during the forecast period.
o Financial uncertainties in Latin America and Central Asian countries and the oil price drops are impacting the military's available funding and training expenditures, with potential repercussions on accessible opportunities to be measured from the medium term.
- The air segment is forecast to remain the most attractive segment during 2014–2023 compared to land and naval domains, accounting for more than % of addressable opportunities or a total market size of $ billion in 2014.
- The land segment will register a higher CAGR of % due to upcoming combat vehicle upgrades and adoption of new combat systems.
- While end-user market share is not expected to drastically change during the forecast period, some changes will be more noticeable among training solutions.
o A growing interest into training services solutions to contain live and virtual training expenditure is confirmed during the forecast period. Training services opportunities are expected to reach a cumulated market size of $ billion during 2014–2023.
o Live simulated training solutions will also record a strong interest among customers in the Western region to improve their actual training performance. However, computerbased training (CBT) solutions will offer the biggest stream of accessible revenues during the forecast period, accounting for $ billion.
Read the full report: http://www.reportlinker.com/p03558387-summary/view-report.html

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