LONDON, March 21, 2016 /PRNewswire/ -- Asia-Pacific Military Training and Simulation Market : Combat Readiness for Asymmetric and Conventional Warfare
This Asia-Pacific military training and simulation market insight is a partial extraction from MAF8-16, the Global Military Training and Simulation Market report, with the addition of several insights unique to Asia and other identified market participants from the Asian region. This insight covers 4 training simulation segments: air, land, naval, and joint. The Asia-Pacific market has the greatest growth potential worldwide; however, but Asia-Pacific is currently small when compared to other regions and less likely to use high-end simulation.
The Asian Military Straining and Simulation Market Insight is a partial extraction from MAF8-16, the Global Military Training and Simulations Report, with the addition of several additional insights unique to Asia and several additionally identified market participants from the Asian region.
-The Asia-Pacific (APAC) military training and simulation market is forecast to generate revenue opportunities up to $ billion in 2014 and offer stable revenues between 2014 and 2023. o Financial uncertainties in Central Asian countries and oil price drops are impacting the available military funding and training expenditures, with potential repercussions on accessible opportunities to be measured from the medium term onward.
- The air simulation training segment is forecast to remain the most attractive market between 2014 and 2023, compared to land and naval domains, accounting for more than % of addressable opportunities or a total market size of $ million in 2014.
- The land segment was more than % of the APAC market at $ million, driven by combat vehicle upgrades and adoption of new combat systems.
- While spending by country will not change significantly during the forecast period, some changes will be more noticeable among training solutions.
o A growing interest in training services solutions that contain live and virtual training expenditure is evident.
o Live simulated training solutions will record strong interest among customers to improve their actual training performance; however, computer-based training (CBT) solutions will offer the biggest stream of accessible revenues.
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