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Analysis of the US DoD Training and Simulation Market

  • April 2014
  • -
  • Frost & Sullivan
  • -
  • 109 pages

Summary

Table of Contents

The Market Will Remain Strong Despite Continuing Budget Cuts

Key Findings

•The Department of Defense (DoD) budget request in the 2014 President’s Budget (PB) is $x billion with an additional $x billion request for overseas contingency operations (OCO) funding.
•The 2014 National Defense Authorization Act (NDAA) was signed into law onx December 2013 and authorized $x billion in defense spending, more than the President’s request, and the full $ billion for OCO.
•In addition, the Bipartisan Budget Act (BBA) was also signed into law onx December 2013 and reduces the effects of sequestration for fiscal years 2014 and 2015.
•Training and simulation funding through 2018 is forecasted to experience a negative x % compound annual growth rate (CAGR). This decrease will be less than the average yearly decrease in overall DoD funding, which should be a negative x -x % per year, depending on congressional actions.
•Operations and maintenance (O&M) funding for training and simulation is expected to decrease at a negative x % CAGR through 2018.
•Procurement funding will decrease, on average, x % per year between 2014 and 2018. While the decreasing defense budget will contribute, the main factor for the decrease will be the completion of initial training system deliveries for programs such as the P-8, KC-46, and littoral combat ship (LCS).
•Research, development, test and evaluation (RDT&E) funding will remain consistent at around $x -x million per year throughout the forecast period and beyond.
•The Navy will spend the most on training and simulation throughout the forecast period.
•In FY 2013, the DoD awarded approximately $x billion to x companies in the training and simulation market. Raytheon Company was the top firm in the market with $x billion in contracts.
•The top x market competitors owned x % of total market revenue in 2013. This represents a slight increase over the x % value calculated for 2011 in a previous study.

CEO’s Perspective

The total DoD training and simulation budget is forecast to decrease about x % per year. Growth strategies should include Foreign Military Sales and diversification into commercial training opportunities.
The line between live and virtual training continues to blur as live and virtual events are mixed in training scenarios.
Strategic partnerships will expand and continue to play a large part in researching and developing simulation and training programs.
Live training still accounts for over x % of the DoD training budget. However, emphasis on LVC training and a shrinking budget will significantly reduce the percentage of live training over the next decade.

Key Questions This Study Will Answer

Is the DoD training and simulation market growing, how long and at what rate will it continue to grow?
What segments, technologies, and services make up the market?
What are the leading market drivers, restraints, and challenges?
What are the top programs for the DoD training and simulation market?
What technologies and services will be emphasized?
What companies are leading the market?

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