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'Global market for Military Simulation and Virtual Training will amount to $8.4bn in 2010' says visiongain report

London, UK 24 August 2010. The new Military Simulation and Virtual Training Market 2010-2020 report from Visiongain, provides an analysis of the global market for military simulation and virtual training. Visiongain calculates that in 2010 the global market for military simulation and virtual training will reach $8.4bn.

The Military Simulation and Virtual Training Market is being driven by exponential growth in computing ability and pressure on militaries to cut costs. As technical abilities grow, militaries are finding new ways to train Warfighters. These new simulated training abilities are offering increased training capacity, increased training capability, increased deployability, increased training effectiveness and lower overall training costs. Military Simulation and Virtual Training is unique within the defence sector; increasing simulated training spending leads directly to decreased overall training expenditure. As countries seek to ‘do less with more’ the simulated and virtual training market is in an exceptionally strong position to grow. Significant new developments are expected in embedded simulation, deployable simulation and immersive simulation technologies.

The US has led the market globally and will remain the largest market for military simulation and virtual training. No other nation’s military has the resource levels to examine, develop and embrace modelling and simulation (ModSim, M&S) training tools on such a scale as the US military. Uniquely, each branch of the US military runs its own dedicated simulation development and acquisition agency. The US Army’s Program Executive Office for Simulation, Training and Integration’s (PEO STRI) Simulation Training Omnibus Contract II (STOC II) is amongst the largest simulation contract vehicles in the world. The US Navy (USN), US Marine Corps (USMC) and US Air Force (USAF) all possess similar agencies and similar contract vehicles to provide simulation expenditure. All US simulation expenditure is coordinated by US Joint Forces Command (USJFCOM) and by the civilian-military partnership Team Orlando. Whilst no nation compares to the US market, other major markets are the United Kingdom, with programmes such as the METRIX consortium, and Canada with significant simulation programmes for its new NH-90 and CC-130J aircraft and industry leading companies such as CAE, NGRAIN and Presagis are all Canadian based. Focus within the industry is expected to be on India and other emerging markets, whose simulation spends are expected to increase dramatically.

The military simulation market has been founded around and led by flight simulation. Flight simulation is expected to remain the principle market sector although non-flight simulation is expected to grow significantly in importance. As nations adapt their military expenditure to meet lessons from ongoing conflicts such as that in Afghanistan increased expenditure on land forces, to the detriment of air forces and navies is expected. This shift in emphasis is expected to lead to strong growth in simulation and virtual training tools designed for land forces.

The Military Simulation and Virtual Training Market 2010-2020 report reveals that several key markets are set to see significant growth. Many national markets are expected to see exceptionally strong growth as are several specific submarket sectors. The only caveat to this strong growth is that some simulation sectors are increasingly saturated and as overall spending on these areas falls, simulation training in these sectors, despite its cost saving abilities, is likely to suffer from decreased demand.

If you would like further information on visiongain's new Military Simulation and Virtual Training Market 2010-2020 report please visit: http://www.visiongain.com/Report/514/The-Military-Simulation-and-Virtual-Training-Market-2010-2020 or email sara.peerun@visiongainglobal.com

ENDS

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call on +44 (0) 207 549 9987

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Telecoms, Pharmaceutical, Defence and the Energy sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
 

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