1. Market Research
  2. > Business Services
  3. > Education and Training Market Trends

Analysis of the Global Military Training & Simulation Market

  • December 2015
  • 153 pages
  • Frost & Sullivan
Report ID: 3558387

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Information Security Services Industry

  • $ 4950
  • Industry report
  • July 2017
  • by Global Industry Analysts

This report analyzes the worldwide markets for Information Security Services in US$ Million by the following Product Segments: Implementation Services, Consulting Services, Managed Security Services, Education ...

Global Cognitive Assessment & Training Market By Component, By Assessment Type, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022

  • $ 4000
  • Industry report
  • August 2017
  • by TechSci Research

Global cognitive assessment & training market is projected to reach $9.48 billion by the end of 2022. Growth is expected to be driven by several factors including rising adoption of cognitive assessment ...

Global Cloud-based Training Software Market 2017-2021

  • $ 3500
  • Industry report
  • May 2017
  • by Infiniti Research Limited

About Cloud based Training Software Cloud-based training software is an application that delivers, tracks, and manages all online and instructor-led training programs on cloud. Internet-based learning ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.