Indian Air Training and Simulation Market AssessmentFrost & SullivanDecember 31, 2008 48 Pages - SKU: MC2284042 |
| Countries covered: India This Frost & Sullivan research service titled Indian Air Training and Simulation Market Assessment provides overview of the total Indian air training and simulation market in India. It provides an in-depth examination of the top three competitors in addition to tracking the progress of other market participants. Market Overview Armed Forces Modernisation Programme to Create Growth Opportunities in Indian Air Training and Simulation Market The air training and simulation market in India is at a growth stage and is set for a compound annual growth rate (CAGR) of 6.5 per cent from 2009 to 2017. The market will experience steady expansion as a result of the modernisation programme of the Indian armed forces, providing more opportunities to overseas as well as private participants. Policies for FDI and private sector participation will be more favourable over the long term. To gain greater market share, companies should design easily upgradeable and interoperable simulators. “Currently, cost/safety/time benefits, coupled with the modernisation programme of the Indian Armed Forces, are the two most important factors driving this market,” notes the analyst of this research. “These factors will continue to be the most important drivers for the market over the long term.” The need for cost savings in terms of original equipment wear and tear, fuel, man-hours and soldier safety during training will boost market prospects. Moreover, the need for training arising as a result of the procurement of new military equipment under the modernisation programme of the Indian Armed Forces will have a significant impact on this market. With the Indian Armed Forces’ requirement of no cost-no commitment trials on full-fledged simulators for technical evaluation and the lowest price preference, the biggest challenge is to manufacture low-cost, yet technologically advanced simulators. “For overseas as well as indigenous companies, strategic alliances like joint ventures, memorandum of understandings/agreements, offset partnership are very significant,” advises the analyst. “Choosing the right company to forge an alliance with in terms of technical know-how, local market knowledge, brand image and past relations with the Indian military and paramilitary forces will be a vital success factor.“ Indian software companies will also have a major role to play in this market. Their role will be as partners in designing and supplying software for simulators. |
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